How much does eToro charge for depositing money?

Written by Mike Druttman

Reviewed by Nadav Zelver

eToro does not charge fees for depositing funds into your account, regardless of the payment method you use. However, it's important to be aware of certain aspects related to currency conversion.

Currency Conversion Fee

eToro accounts are denominated in US dollars (USD). If you make a deposit in a different currency, a conversion fee will apply. This fee varies depending on the currency and payment method and can range from 50 to 150 pips. For example, when depositing euros (EUR), you could incur a conversion fee of approximately 150 pips, which is equivalent to 1.5% of the deposited amount.

Take note that USD deposits are free of charge. For deposits in other currencies, the conversion fee applies.

To avoid additional charges, I recommend depositing your funds in USD whenever possible.

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. 61% 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.

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