eToro Review for Beginners for 2023

Overall, eToro's trading fees are low. The broker offers free stock and ETF trading, while its forex and CFD fees are low. eToro provides zero-commission trading for real stocks. Since May 2020, this is valid for all countries; however, for clients from Australia commission-free trading applies only to US stocks.

Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.

Here is an overview of the fees charged by eToro:

eToro has high non-trading fees, which are charges not directly related to trading, like withdrawal fees or inactivity fees.

• eToro charges $10 per month after one year of inactivity – however, this is easy to work around, as simply logging into your account counts as an activity.
• There is also a $5 withdrawal fee.
• There could be high conversion fees if you deposit or withdraw in a currency other than USD.
• The required eToro minimum deposit is $50 for most European countries, while for UK and US residents it is only $10. Make sure to check your country, as fees could vary. Note however that the minimum amount for a bank transfer is $500.

Learn about fees in detail in our in-depth review of eToro.

Depositing money with eToro is easy. Be aware however, that as only USD accounts are available, you may pay a high conversion fee if you deposit or withdraw in another currency, like EUR or GBP.

eToro has a $5 withdrawal fee, which is high compared to other CFD brokers. In addition, eToro also has a $30 minimum amount limit on withdrawals.

Deposit and withdrawal options are quite varied: you can choose between bank transfer, credit/debit card or electronic wallets.

Investor protection means that up to a certain limit, you get your money back if the broker goes into bankruptcy or commits fraud. The investor protection amount defines the limit of protection. This can vary from country to country, and also depends on the regulator that oversees the broker.

eToro is regulated by the Cyprus Securities and Exchange Commission (CySEC), the UK's Financial Conduct Authority (FCA), and the Australian Securities and Investment Commission (ASIC). We at BrokerChooser consider being regulated by a top-tier authority a good sign in terms of safety.

Note that there is no investor protection for cryptos. eToro also provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union and Australia.

Here is a quick glossary to help you with some terms in our review:

Inactivity fee: a fee that is charged when a customer has not done any buying or selling on their brokerage account for a specific amount of time determined by the brokerage.

Deposit fee: this is charged when you send money to your trading account at a broker. The fee may differ depending on the method of transfer (i.e. bank card, bank transfer, e-wallets, etc.).

Withdrawal fee: an amount you need to pay when you withdraw money from your trading account, e.g. to your bank account.

Regulators: these are established by governments or other organizations to oversee the functioning and fairness of financial markets, including markets, exchanges and firms. They also oversee that investors are not fooled by scams, and in case of wrongdoing, they try to provide some level of financial and legal backing.

Investor protection: this means that up to a certain limit, you get your money back if the broker goes into bankruptcy or commits fraud.

Non-trading fees: charges not directly related to trading, such as deposit/withdrawal fees or inactivity fees.

Trading fees: these are charged when you trade; for instance, in the form of a commission, spreads, financing rates, margin rates or a conversion fee.

If you want to learn more about eToro, go to our detailed review.

Learn how you can open an account at eToro.

See if eToro is good for beginner traders.

Read about eToro’s fees in detail.

Learn more about eToro’s safety features.

You can find out more about investor protection in our dedicated article.

To understand more about CFD trading, go to our expert’s explanation.

In our article on brokerage fees, you can learn what these fees mean and what they entail.

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.