For eToro users in Luxembourg, the minimum initial deposit required is $100. However, once the first deposit is made, any subsequent deposits come with a much lower minimum requirement, set at just $50. This allows for greater flexibility in managing your account funds after the initial investment.
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.
Trading with eToro necessitates an initial deposit, a detail that many traders in Luxembourg often overlook or are unaware of. With the fact that I'm a resident of this country coincidentally having an active online trading account on this platform, I'm here to share my personal experience regarding deposit requirements.
☝️ Account first, deposit nextThe first step in my journey was to open and verify my trading account. The verification process was straightforward and not time-consuming. It's important to note that deposits can only be made once the account is fully verified. With this finally set up, I was ready to make my first deposit.
According to their official website, the minimum deposit for users in Luxembourg is $100. To test this, I tried depositing lower amounts, but these attempts were unsuccessful, confirming the $100 minimum requirement. Interestingly, the deposit page also displayed the equivalent amount in Euro, which was €93 at the time, reflecting the current exchange rate.
After depleting my initial deposit, I discovered that for subsequent deposits, the minimum amount required drops significantly to just $50. This reduction in the minimum deposit amount for subsequent transactions is a beneficial feature for eToro Luxembourg residents, allowing for more flexibility and control over investment amounts.
This insight into eToro deposit requirements for Luxembourg users underscores the importance of understanding the platform's policies and how they align with individual financial strategies. It's a reminder that staying informed is key to a wiser trading experience.
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. 51% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
