What fees does eToro charge?
– The broker you should try to trade cryptos & US stocks. Learn more!
It is essential for you to understand all the fees, spreads, and costs on eToro comprehensively before opening a new account. For a full overview of all eToro’s fees on eToro, please read the article below:
1. Trading fees
When trading at eToro, you will benefit from zero commission fees. This is a good plus point of this worldwide broker over others. Instead, eToro’s pricing is done entirely with spreads and overnight fees.
Like every top trading platform, eToro does charge spreads. This is a fee eToro collect based on the difference between the Buy and Sell prices, which may fluctuate in times of high volatility.
While most other brokers charge a spread on both the buy and the sell of an asset, eToro only charges one spread, first charged when you buy the asset and adjusted when you sell it.
In other words, it’s a small percentage added to your transaction, and it can vary a little based on market conditions and among different instruments.
And the spread will be charged at the closing of a position.
To learn more about the detailed spreads for each instrument type, please go to the eToro Fees Page.
– Overnight fees
An overnight fee – also called a rollover fee – is a payment that applies if you hold a position overnight. The overnight fee is charged when you use open short (SELL) and leveraged BUY positions.
And the exact fee will show at the bottom of the confirmation window that opens before placing the trade.
2. Deposit and Withdrawal fees
In most cases, these eToro deposit methods are completely free and do not feature any fees, at least for deposits.
While eToro does not charge a deposit fee, there is a $5 withdrawal fee for almost every transaction method. The broker uses this to cover some of the expenses involved in international money transfers.
Using Wire transfer, however, you may also incur fees from your financial institution. This solely depends on your bank’s policy, so you should double-check this before planning to deposit this method.
To waive those eToro withdrawal fees, consider becoming a member of the third tier within the eToro club.
3. Other fees
There are some other fees such as withdrawal fees, foreign currency conversion fees as follows:
Withdrawals and deposits are conducted in USD. Any other currency will have to be converted and, therefore, will incur a conversion fee.
Conversion fees for Bank transfers, iDEAL, Sofort, and Trustly are as below:
Conversion fees for other payment methods (Credit Cards, PayPal, Skrill, Neteller, RapidTransfer, and Local Online Banking):
You can also see the amount in USD and the conversion rate on the Deposit Funds page before submitting the payment.
If you do not log into your account within 12 months, you will be charged a maintenance fee of $10 per month, deducting directly from the available balance in your account.
eToro charges this inactivity fee only if there are sufficient funds in your account, and no open positions will be closed to service the inactivity fee.
To avoid getting charged, be sure to log in to your eToro account at least once in each 12-month period.
In conclusion, it is important for you to have an overview of all the fees and costs before signing up for new accounts on any broker. As fees can seriously eat into your investment returns, so selecting the right broker can make a huge difference in the long term.
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. 68% 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.