eToro Deposit

Written by Mike Druttman

Reviewed by Nadav Zelver

Getting started on eToro always begins with funding your account.

Knowing how deposits work is more than a technical step. It’s the foundation for accessing CFD trading, stock investments, and crypto opportunities on the platform. Let me walk you through the basics and share some practical tips from first-hand experience.

Deposit Currencies

eToro runs on the US Dollar. That’s the base currency for all activity.

Yes, you can deposit in your local currency (AUD, EUR, GBP, SGD, and 20+ others), but the system converts everything into USD before you trade.

Keep in mind: every conversion comes with a fee, so check the rates before moving larger amounts.

Minimum Deposit Requirements

So, how much do you actually need to get started?

For most countries, the minimum deposit sits at $50. On the other end of the scale, some regions require a $1,000 first-time deposit.

Here’s the run down:

• First Deposit: This is the core brokerage fund that lets you open trades.
• Afterwards: Every additional deposit has a $50 minimum (unless you’re based in the US or UK, more on that below).

Think of the first deposit as your entry ticket. Once you’re in, topping up is straightforward.

Specifics for US and UK Depositors

If you’re signing up from the US or UK, the rules look slightly different.

• First Deposit: $50 minimum.
• After that: US traders can deposit as little as $10, while UK traders only need £10 (converted into USD at the current rate).

That flexibility makes it easier to scale gradually rather than committing big funds upfront.

Maximum Deposit Limits

Deposit ceilings depend on the payment method you pick. Some options are also country-specific, so availability can vary.

Here’s a quick example. A single credit or debit card transaction caps at $40,000. With PayPal, Neteller, or Skrill, the maximum drops to $10,000 per transaction. Other methods carry their own limits, so it’s always worth checking before you fund your account.

Supported Payment Methods

Wondering what deposit methods eToro supports? The exact list depends on where your account is registered.

You’ll usually see credit/debit cards and bank transfers as the standard choices. But there’s an easy way to check what else is available to you without digging through pages of help docs or waiting on customer service:

1. Log into your account and hit the Deposit Funds button.
2. The deposit screen will show you a tailored list of every payment option open to your account, based on your country.

I use this method myself. It saves time and gives a clear, customized view of all supported methods right away.

Process of Making a Deposit

The mechanics are straightforward. Once you’re logged in, click Deposit Funds, enter the amount, choose your payment method, and confirm. That’s it; funds are on their way.

Processing Times May Vary

Now, how long does it take? Bank transfers can be slower, sometimes up to 3 business days, since they require your bank’s approval.

On the other hand, e-wallet services like PayPal, Skrill, and Neteller tend to move much faster. In most cases, funds land in your trading account within minutes or a few hours.

eToro Money: The Fastest Option

If your account supports eToro Money, you’ll notice the difference immediately. It’s eToro’s own e-wallet service, and deposits hit your trading account almost instantly. I’ve personally transferred funds through it and watched them appear in seconds.

Since it’s built into the deposit page, using eToro Money is effortless. Just keep an eye on your e-wallet balance. If it’s low, you’ll need to top it up before making another deposit.

Unsupported Payment Methods

This broker supports plenty of deposit options, but not everything makes the cut. To save you scrolling through menus, here are a few popular methods you won’t find available:

Corporate Accounts Policy

Here’s something worth noting. You can’t use a corporate bank account to top up your personal trading account. That’s a straight violation of their terms.

That said, a genuine corporate trading account is possible. The bar is set at a $10,000 minimum deposit, and you’ll need to provide documentation that classifies the business (whether that’s a sole proprietorship, corporation, or partnership). I checked this with their support team, and that’s the exact process they outlined.

Setting Up Recurring Deposits

You can automate your deposits once you’ve made your first manual payment with a credit or debit card. After that, you can schedule recurring deposits (daily, weekly, biweekly, or monthly).

It’s a simple way to build consistency. A fixed amount gets transferred into your account at the intervals you choose. This helps you steadily maintain and grow your portfolio without having to think about it.

Mobile Deposit Options are the Same

No surprises here. The eToro app mirrors the desktop platform for deposits. Whether you’re on your phone or laptop, the same options apply: credit card, debit card, or whichever local method is supported in your region. Handy if you prefer managing everything on the go.

Deposit Restrictions Regarding Third-Party Bank Accounts

Here’s a rule they stick to without exception: no third-party bank accounts. The deposit must come directly from an account in your own name.

What's a third-party anyway?

A third-party payment is any transaction where the money originates from someone other than the eToro account holder. Their terms require that the funds deposited belong to the registered account owner. In other words, if it isn’t your account, you can’t use it.

Additional Takeaways You Might Find Useful

• Opening an account doesn’t cost a cent. But trading does. Minimum deposits vary depending on where you live, from as little as $50 up to $10,000.
• Deposits themselves are free of fees and commissions. That said, your payment provider may add their own charges, so it’s worth double-checking before you move money.
• The mobile app process is identical to the web. Tap “Deposit Funds” and follow the steps on screen.
• If your funds don’t land in your account within a reasonable time, reach out to eToro’s customer support. Options include raising a support ticket, live chat, or phone.
• All deposits must come from a payment method in your own name. Even with permission, using someone else’s card or account isn’t allowed. This rule helps prevent fraud.
• Need to cancel a deposit? Contact customer service right away. Cancellations only work before 2:30 pm ET on the processing day. For ACH deposits, expect a six-business-day hold before you can withdraw.
• Deposit bonuses and promotions aren’t part of the package. As a regulated broker, eToro operates under strict rules that prohibit such incentives.

To place a BUY or SELL order on eToro, you need capital in your account. That first deposit is your base, your starting point for building an investment strategy that can grow over time.

As you gain confidence and experience, consider adding more funds. This opens the door to diversification across markets like stocks, forex, and crypto, giving your portfolio greater balance and opportunity.

If you’ve made it this far, you now have a clear picture of how deposits work on eToro. Hopefully this guide clears up any confusion and answers your questions. And if it does, go ahead and share it with others who might find it helpful.

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. 61% 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.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice.  The value of your investments may go up or down.  Your capital is at risk.

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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 hasbeen prepared by our partner utilizing publicly available non-entity specific information about eToro.