For residents and citizens of the USA, the minimum deposit amount required to start trading on eToro is $10. This low minimum applies to both the initial deposit and any subsequent deposits, making it accessible to a wide range of investors.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal, "Virtual currencies are highly volatile. Your capital is at risk."
Investing and trading on eToro's platform requires an initial deposit, a fact that many US traders, especially beginners, often query about. As a citizen and resident of the United States with an investment account on this broker, I can share firsthand insights into this aspect of the platform.
After signing up and swiftly completing the account verification process, I was ready to make my first deposit. On their website, it's indicated there that the minimum deposit for US users is $10.
To satisfy my curiosity, I attempted to deposit amounts ranging from $1 to $5, but none of these were accepted, confirming that the minimum deposit indeed stands at $10. Following this, I deposited the required $10, and the transaction was processed without any issues.
As I continued to explore the variety of assets available on the platform, it became evident that a $10 deposit, while sufficient to open an eToro USA account, might not be ample for extensive trading activities.
However, the platform's policy of maintaining a $10 minimum for subsequent deposits as well is commendable. This flexibility allows users like me to incrementally increase our investment capital, adapting to our financial capabilities and investment strategies.
It's important to note: While the low minimum deposit is a favorable feature for many, it's essential for users to assess their investment goals and strategies in relation to the assets available on the platform. This approach ensures a balanced and informed trading experience.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.
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.