Here's how to deposit money to eToro
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It's great that you are looking for deposit options at eToro to take charge of your finances. We would encourage you to carry on! Your future self will be grateful to you.
There are several ways to start your journey, let's walk through the options together!
To give you a brief summary: eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK's FCA and Australia's ASIC. eToro USA LCC does not offer CFDs, only real crypto assets are available.
THE ESSENCE:
- The minimum deposit at eToro is $10
- eToro charges $0 for deposits
- You can only deposit funds from accounts that are in your name
- Visit eToro's page to start the process
- eToro is a reliable broker regulated by at least one top-tier regulator
First, let's see if eToro is available in your country?
Disclaimer: 81.2% 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.
eToro minimum deposit
Is eToro safe?
To trust your money with a broker, you need to be sure that the broker is considered reliable. BrokerChooser only recommends regulated brokers, meaning the broker's operations are overseen by a trusted body.
eToro can be considered a legit broker, as it is overseen by at least one top-tier regulator, which is a great sign for reliability.
For you, this means that your money is in good hands and you will be able to access your funds.
eToro minimum deposit
What is the minimum deposit at eToro?
At eToro, the minimum deposit amount is $10.
This means that you have to deposit at least $10 to be able to start trading.
After you have completed the registration and verification process, you need to fund your account to start trading.
Here's tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.
Pay attention to the inactivity fee though. At eToro, there is an inactivity fee, with the following conditions: $10 per month after one year inactivity. Inactivity means that you don't log in to your account.
eToro minimum deposit
What base currencies are available at eToro?
At eToro, the only available currency is USD. Try to deposit money to your brokerage account in USD, otherwise you will be charged a conversion fee.
To avoid high conversion fees, consider opening a multi-currency account at a digital bank.
eToro minimum deposit
What deposit methods are available at eToro?
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, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL.
All these options are great, choose the most convenient one for you to be able to start trading. And remember, you can only deposit funds from accounts that are in your name.
There is also a difference in average transfer time for different deposit methods. While credit/debit card and e-wallet transfers are usually instant, bank transfers may take 2-3 business days to arrive.
| Deposit options | eToro |
|---|---|
| Bank transfer | Yes |
| Credit/Debit card | Yes |
| Electronic wallet | Yes |
eToro minimum deposit
Is there any deposit fee at eToro?
The answer is no. No deposit fees will be applied at eToro.
This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with.
eToro minimum deposit
How to deposit money to eToro account?
Here's a step-by-step guide:
- Log in to eToro's client area
- Look for 'Deposit' or 'Funding menu'
- Choose your funding method
- Provide the necessary details for the transaction
- Check if the payment details are correct
- If you are OK with it, you are ready to proceed
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.
eToro minimum deposit
Wrap-up
It is awesome that you have read through this article! We know that depositing can be frustrating, but you are on the right track, and it is okay to ask for help if you are unsure about something.
If you have a question or a suggestion, drop us an email to [email protected], and we will get back to you soon.
Risk disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Disclaimer: 81.2% 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 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 highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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.
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