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eToro fees explained

Your expert
Gyula L.
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Tamás D.
Updated
2w ago
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Overview of eToro fees and charges as of March 2024

eToro's fees are generally low. Some services such as stock trading are free, while others come at a relatively low charge. This means that your trading costs will remain low even if you trade on a daily basis.

Pros
  • User-friendly
  • Fast
Cons
  • Only one account base currency


Below are some key eToro fees:

eToro fees snapshot
Assets Fee level Fee terms
S&P 500 CFD Average The fees are built into the spread, 0.75 points is the average spread cost during peak trading hours.
Europe 50 CFD Low The fees are built into the spread, 3 points is the average spread cost during peak trading hours.
EURUSD Low The fees are built into the spread, 1 pip is the average spread cost during peak trading hours.
Inactivity fee Low $10 per month after one year inactivity. eToro defines inactivity as not logging into your account.
Broker fees

As a lot of people use eToro from the UK, we often get asked what specific fees and charges UK traders have to face at eToro. For this reason let us split this explainer to 3 main parts:

  1. We explain how eToro`s fees structure in general
  2. We deal with some eToro UK fees in particular
  3. In the last part, we give you a more detailed overview of eToro trading and non-trading fees for UK and global customers, including comparisons with close competitors.

Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

BrokerChooser score
4.8 4.8 /5
Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

eToro fees explained

eToro, like many other online brokers, tends to charge lower fees than traditional brokerages. This is mainly because online brokerages' businesses can be much better scaled. For them, it doesn't make much of a difference in terms of costs whether they have to serve 200 clients or 10,000.

This doesn't mean eToro doesn't have any fees at all. It makes money by charging you at various points of activity, at various rates. To understand eToro's fee structure, you need to be aware of two main types of fees:

  • Trading fees - you pay these when you actually make a trade. The amount you are charged is either called a commission, a financing rate or a spread. Some brokers apply more than one of these, depending on the type of transaction.
    • A commission is either a flat charge per trade, or based on your traded volume.
    • A financing rate (also called overnight rate) is charged when you hold your leveraged positions for more than one day.
    • The spread is the difference between the buy ('bid') price and the sell ('ask') price.
  • Non-trading fees - These are related to activities in your account other than trading, like withdrawing or depositing money. In some cases, such fees occur when you do not do something: for example, if you don't trade for more than 12 months at eToro, you are charged an inactivity fee. This is not unique to eToro though; it's a common practice with online brokers.


Etoro fees explaind

eToro fees in the UK

eToro conversion fees in the UK

The only available base currency at eToro is USD. Therefore, if you trade from the UK, you'll need to convert your GBP to USD (or vice versa) if you want to deposit or withdraw money to/from your GBP account. eToro automatically does this conversion for you at a cost of 50 pips for both deposits and withdrawals via bank transfer - this would be about 0.4% of the total amount, depending on the current exchange rate. Deposits and withdrawals via debit/credit cards or PayPay are converted at a cost of 150 pips.

eToro withdrawal fees in the UK

The withdrawal fee at eToro is a flat $5 per transaction. The minimum amount you can withdraw is $30. Why is this fee not expressed in GBP for UK-bound withdrawals? The reason is that eToro trading accounts are denominated in USD, and this charge is applied when you initiate the withdrawal; at which point your funds are still in USD.

eToro trading fees

eToro's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down eToro's trading fees according to various asset classes.

Stock and ETF fees

While eToro is primarily known as a CFD, forex and crypto broker, you can also trade real stocks and ETFs.

The good news is that eToro offers commission-free real stock trading for almost all stocks. (In the only exception, for Australian clients, only US stocks can be traded as commission-free real stocks.)

If you trade stocks in currencies other than USD (e.g. UK or European stocks), eToro will make the currency conversion at the current market rate with no additional cost to you. eToro will also assume any tax duty that might be due if you trade on the UK market.

CFD trading fees

eToro's CFD trading fees are low

It's not easy to compare trading fees for CFD brokers. So how do we do this at BrokerChooser? We compare brokers by calculating all fees of a typical trade for three popular assets:

  • Apple, a large US stock
  • Vodafone, a large European stock
  • EURUSD, a commonly traded currency pair

Our hypothetical trade involves buying a position, holding it for one week, then selling it. For volume, we chose a $2,000 position for stocks and $20,000 for EURUSD.

This catch-all benchmark includes spreads, commissions and financing costs for all brokers. So here's our verdict:

eToro fees benchmarked
XTB
Apple benchmark fee
$8.5 $0.2 $8.9
Vodafone benchmark fee
-
$1.1 $11.5
EURUSD benchmark fee
$11.4 $28.3 $11.4

Data updated on March 4, 2024

Financing rates

eToro financing rates are considered average when compared with some of its main competitors.

If you trade on margin and want to hold your positions for a longer period, financing costs can add up, so always be mindful of this charge.

eToro yearly financing rates
XTB
Apple CFD financing rate
11.9%
37.3%
9.5%
Vodafone CFD financing rate
-
36.4%
9.8%
EURUSD financing rate
2.5%
6.9%
2.5%
EURGBP financing rate
3.1%
6.4%
2.2%

Data updated on March 4, 2024

Currency conversion fee

eToro will charge a currency conversion fee for deposits and withdrawals in currencies other than the currency of your account. The fee depends on the deposit/withdrawal method and the currency of the transaction. For major currencies such as GBP, EUR, CHF or AUD, the currency conversion fee is 50-150 pips.

eToro non-trading fees

When it comes to non-trading fees, eToro is more expensive than some of its closest competitors.

Just to recap, non-trading fees include various charges that are not directly related to buying or selling assets. Typical non-trading fees include withdrawal fees, deposit fees, inactivity fees or account fees.

eToro deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Like almost all brokers, eToro doesn't charge any money for deposits: you will see the exact same amount credited on your brokerage account that you have sent, regardless of the deposit method.

A high level overview of how eToro stacks up in non-trading fees
XTB
Withdrawal fee
$5
$0
$0
Deposit fee
$0
$0
$0
Inactivity fee
Yes
No
Yes
Account fee
No
No
No

Data updated on March 4, 2024

BrokerChooser score
4.8 4.8 /5
Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

eToro withdrawal fee

In a distinct disadvantage compared with most other online brokers, eToro charges a $5 withdrawal fee when you transfer funds back to your bank account or credit/debit card.

This amount can feel little more than a rounding error if you're withdrawing tens of thousands of dollars, but it could be painful when you want to retrieve a smaller amount only. For the record, the minimum amount to withdraw is $30.

eToro deposit methods
XTB
Bank transfer
Yes Yes Yes
Credit/debit card
Yes
Yes Yes
Electronic wallets
Yes Yes Yes
Deposit fee
$0
$0
$0

Data updated on March 4, 2024

eToro inactivity fee

Unlike many of its competitors, eToro applies an inactivity fee of $10 per month after one year of inactivity.

In eToro's case, inactivity is defined as not logging into your account. So even if you're a buy-and-hold investor who doesn't trade frequently, you can easily prevent being charged by simply logging into your account from time to time, without even having to carry out a trade.

eToro inactivity fee
XTB
Inactivity fee
Yes
No
Yes
Inactivity fee
$10 per month after one year inactivity. eToro defines inactivity as not logging into your account. No inactivity fee €10 per month after 1 year of trading inactivity and if no deposit was made in the last 90 days

Data updated on March 4, 2024

Risk disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Disclaimer: 76% 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.

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

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more!

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.

Risk disclaimer

Risk disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Disclaimer: 76% 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.

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

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more!

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.

FAQ

Does eToro charge deposit fees in the UK?

No, it does not charge deposit fees. But since eTor only offers USD accounts, all deposits and withdrawals are done in USD, meaning that if you deposit in GBP, eToro will convert your GBP to USD, for which they charge a fee. The typical mark-up is 50 pips. This means if you deposit £2,000, you’ll see a conversion cost of roughly $10.

Is eToro free in the UK?

No, it is not completely free in the UK (or anywhere else for that matter). However, eToro’s fees are generally low, especially when it comes to trading fees. In fact, trading of real stocks is commission-free. eToro makes money on forex and CFD spreads, withdrawal fees and some other smaller charges. So at the latest, you will be charged when you withdraw money back to your bank account.

Does eToro have high fees?

No. On the contrary, eToro's fees are about as low as they get, especially when it comes to trading fees. Most other brokerages charge higher amounts (and for more services) than eToro.

Can I withdraw GBP from eToro?

Well, yes and no. At eToro, you can only keep your funds in USD, so you can't technically initiate a withdrawal in GBP. However, it is of course possible to withdraw to a GBP bank account. What happens in such cases is that eToro automatically converts the USD amount to GBP (applying a small mark-up in the process).

Does eToro have a monthly fee?

There is no monthly fee if you use your account regularly. However, if you fail to log in to your account for 12 months, eToro will charge you a $10 inactivity fee per month until you log in again.

Is my money safe in eToro?

eToro is regulated by top-tier financial authorities such as the UK Financial Conduct Authority (FCA), a sign that its operations have passed strict official scrutiny. In the event of eToro going insolvent, UK clients are eligible by law for compensation of up to £85,000, and eToro Europe clients are eligible for up to €20,000. eToro currently also provides additional insurance of up to £/$/€ 1,000,000 for cash, securities and CFDs (but not cryptos).

What are eToro fees in the UK?

eToro trading fees in the UK are the same as those for all eToro clients. The spread for stock/ETF CFDs is 0.15%; currency spreads for most pairs involving GBP range from 1.5 to 4 pips; buying or selling crypto costs 1%; while trading real stocks and ETFs is commission-free.

Does eToro have hidden fees?

eToro trading and non-trading fees are transparently displayed on the company’s platforms. However, especially if you’re new to trading, you should always keep in mind fees that are not directly related to buying/selling assets. At eToro, these include withdrawal fees, currency conversion fees for non-USD deposits/withdrawals, overnight rates (for holding leveraged positions for more than a day), and inactivity fees.

Do I pay tax on eToro in the UK?

Interest, dividends or capital gains are usually subject to tax. eToro does not provide tax advice, but it does generate a Tax Report for you each UK tax year (April 6th-April 5th) based on your trading activity, which you can then use to fill out your tax returns. For more information, consult your personal tax advisor and check eToro’s UK tax informational page.

How do I withdraw from eToro UK?

To withdraw money from eToro, click ‘Withdraw funds’ on the left-hand side of the trading platform. In the pop-up window, enter the amount you’d like to withdraw; select a reason for withdrawal; pick a payment method; then submit your request. Note that the minimum amount to withdraw is $30 and that a $5 fee is applied on all withdrawals; plus a small fee will be charged on withdrawals to non-USD accounts. It usually takes about two business days for your funds to arrive, but it may take up to eight days depending on your bank or card provider.

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Author of this article

Gyula Lencsés, CFA
Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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