Does eToro have a minimum deposit requirement?
Are you looking to open an account at eToro, but have only limited funds to invest? Wondering whether eToro requires a minimum deposit to start trading?
eToro requires a minimum deposit of $10 before you can start trading. While many brokers require no such minimum, this amount is still considered acceptable.
Together with my brokerage analyst colleagues, I have thoroughly tested the services of eToro by opening a real-money account. Here's what you need to know about depositing at eToro as of October 2024:
- The minimum deposit at eToro is $10 - not the best but shouldn't be a dealbreaker.
- You can choose from multiple base currencies.
- You can deposit your funds via multiple methods but fees may apply.
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Depositing money at eToro is an easy process.
- Check our Compare Broker tool to see how eToro fares against other brokers.
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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
All you need to know about deposit requirements at eToro
Once you have decided to open an account at eToro and completed both the registration and verification process, you need to fund your account to be able to begin trading.
At eToro, the required minimum deposit is $10. This means that you have to put at least $10 in your broker account to be able to start trading.
Is that more than you're willing to commit at this point? See if you can start trading with less at other brokers.
So what if you made a deposit but decide later that you want to switch brokers and invest your money elsewhere? No worries - you can always opt out and withdraw your funds. All you need to keep in mind are applicable withdrawal fees and withdrawal times.
At eToro, there's a withdrawal fee of $5 and it usually takes 2 days to receive your funds; though sometimes withdrawal might take a bit longer, depending on the method you use.
What base currencies are available at eToro?
At eToro, the following base currencies are available: USD, EUR, GBP. If possible, try to deposit money to your brokerage account in your account's base currency.
Why is that important? If you fund your trading account in the same currency as your bank account, you won't have to pay a conversion fee. Conversion fees apply if the bank account or card you're using for depositing is denominated in a different currency than your brokerage account.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank.
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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
Deposit options at eToro: what's available and what does it cost?
At eToro, you have multiple options to choose from when you want to deposit money to your account. These options are the following: Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay. All these options are great; choose the one that's most convenient for you to be able to start trading.
Broker | Bank transfer |
---|---|
eToro | |
Trading 212 | |
XTB |
eToro charges no deposit fees for bank transfers. This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by your bank or other third-party financial service you send the money with.
However, remember that some brokers may charge a fee for deposit methods other than bank transfers, such as debit/credit card transfers or deposits via electronic wallets.
There is also a difference in typical transfer times for various deposit methods. Credit/debit card and e-wallet transfers are usually instant, but bank transfers may take 2-3 business days to arrive.
Imagine you're closely monitoring financial markets and spot a good trading opportunity you want to act upon right away. But what if there's not enough money in your broker account? In such cases, instant deposit methods like debit/credit card or electronic wallet transfers can come in handy. These can help you replenish your broker account immediately and react to market movements quickly and effectively. If this is important to you, consider opening an account with a broker that accepts instant deposit methods such as cards or e-wallets.
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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
It's easy to deposit money to your eToro account
Making an initial deposit to your brokerage account can sound like a difficult task, but actually it's fairly easy. Just follow our step-by-step guide for depositing money and shortly you'll be ready to start trading:
- Log in to eToro's client area
- Look for the 'Deposit' or 'Funding' menu
- Choose your funding method
- Enter the amount to be deposited and other necessary details for the transaction
- Double-check if payment details are correct
- If all looks OK, click to submit your deposit request
If you get stuck during the process, you can always reach out to eToro's customer support. At eToro, customer support can be reached via live chat and email. Alternatively, you can drop a message on our Forum.
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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
Risk disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Disclaimer: 51% 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.
eToro USA LCC does not offer CFDs, only real Crypto assets available.
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.
This material has been translated, and its content may not be suitable for every recipient. Additionally, certain products may be restricted in your region.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
Get to know eToro and its best alternatives
For comprehensive insights into trading conditions, costs and overall service quality at eToro, turn to BrokerChooser's eToro review for 2024. Our analysis is based on nearly 600 individual data points as well as first-hand experience. We analyze brokers by opening a live account and executing trades on their platforms using real money, which helps us understand and evaluate the full spectrum of their services.
If you want to explore the best alternatives for eToro in your country, head over to our Compare Broker tool, where you can compare brokers by filtering for various criteria including minimum deposits, fees, tradable products and more.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Can you use PayPal to deposit at eToro?
- Does eToro support Skrill?
- Does eToro support Neteller?
- How to withdraw money from eToro: methods and costs
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.