There are some fees that you need to pay for specific trading activities or transactions with eToro. As with any online investment company, these fees are usually imposed to cover for their expenses related for fulfilling a transaction or action on your behalf as a client.
But are these charges reasonable? Read here for a comprehensive eToro review.
|⏳ Inactivity||$10 per month|
|💱 Conversion||From 50 pips|
Already interested to trade with eToro?
78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Transferring funds to an eToro account or making a deposit is free and won’t incur any charges. It’s important to take note though that some (but not all) payment service providers may charge a transfer fee so better ask them first if they impose such fees.
Withdrawals: A Fixed Fee of $5
Every time you take your money out from eToro, there is a flat fee of $5. This is imposed to cover for the costs that they may incur for transferring funds across other countries.
The minimum amount that can be withdrawn for every transaction is $30.
Here’s the deal:
It doesn’t matter how much you withdraw because this is a fixed rate so regardless if you plan to cash out $45 or $1000, the deduction is still $5.
0% Management Fees
Management fees do not apply on any trades via eToro’s platform. This also includes investing in any portfolio or copying the strategy or positions of traders.
Rollover Fees (aka Overnight or Weekend Fees)
When you open a CFD position and you leave it open overnight, during the weekend or non-trading hours, this will be charged with a fee that is relative to position’s value.
This charge serves as the compensation for the interest of the leverage that you will use while the trading hours are not active.
For rollover fees that apply on a weekend, the charges may apply on a Wednesday or Friday conditional on the underlying instrument that is being traded.
It’s important to remember:
These fees may change depending on the current conditions in the global financial markets and the changes may apply without prior notice. It is best to check their fees page to know the current charges.
Conversions Start at 50 Pips
The US dollar currency is used for all deposits and withdrawals so if you’re going to use a different currency then it needs to be converted into USD and is covered with a conversion fee.
Bank Transfers, iDEAL, Sofort, PayPal and Trustly Online Banking
As of this writing, the conversion fee is 50 pips for the following currencies if using the payment methods that are stated above. The fees are already deducted at the time the deposit or withdrawal has been executed.
Here’s the thing:
eToro Club members who belong to the higher tiers are eligible for a discount or exception. These are the following:
- Platinum: 50%
- Platinum+: 50%
- Diamond: Free
Other Payment Methods
Different fees apply for conversions if the deposit or withdrawal used credit cards, Skrill, Neteller, RapidTransfer or local online banking.
|Currency||Conversion for Deposit||Conversion for Withdrawal|
|AUD||100 pips||50 pips|
|EUR||150 pips||50 pips|
|GBP||50 pips||50 pips|
|MYR||200 pips||200 pips|
|PHP||2500 pips||2500 pips|
|THB||35 pips||35 pips|
|IDR||150 pips||150 pips|
|VND||25000 pips||25000 pips|
Stock Trading: No Commissions
Investments on stocks via eToro’s platform are free from commissions. Trades on shares are free from stamp duties, markups and ticketing fees.
This means that opening or closing a position are not going to be charged with broker fees. It does not cover positions that are shorted or leveraged and other fees may still apply.
Crypto: 1% Fixed Fee
If you’re going to buy or sell crypto on eToro, there is a fixed fee of 1% regardless of the crypto asset you choose. This particular fee has already been applied on the price displayed on the platform after a position has been opened or closed.
After a new position has been opened, you’ll notice that this particular position has incurred a loss since the 1% fee for buying a crypto has already been included in addition to the 1% that you will also be incurring after this specific position has been closed. Basically, the value that you will see on the P/L or Profit & Loss is the price with the fees that were already deducted. As per eToro, this is done to make is simple and transparent.
No Costs for Using CopyTrader
Traders using the CopyTrader on the platform are not going to be charged with additional fees. Any copied position that has been opened though are still covered with the applicable spreads and overnight fees.
Trading via eToro’s CopyPortfolios are not going to incur any commissions or management fees. Do keep in mind that each instrument that is included the portfolio is still covered with its own applicable fees as with any regular asset.
The only exception for commissions on this thematic investing product are stock portfolios.
Profit Clearance Fees
eToro doesn't charge any clearance fees for their clients who are using their platform for trading and making profits.
12 Months of Inactivity
An account that has been inactive for 12 months or 1 year will incur an inactivity fee of $10 that is debited every month. This will be deducted on the remaining balance on the said account.
All open positions during the period of inactivity are not going to be closed so as to cover these charges that are needed to be paid.
Do take note:
The inactivity starts during the last time that the account has been accessed. If for example, you last logged in to your account 5 days ago then it has been inactive for 5 days.
Fees to Open an Account
When you register for an eToro account, there are no fees to pay for signing-up because it is free. But in order to trade on the platform, you will need to fund the account by transferring money using various deposit methods that they support.
Since there's no charge for signing-up for an eToro account, you can open one right now!
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.