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Wikitoro author Nick Zelver Written by Nick Zelver
Wikitoro fact checker Wikitoro Team Fact checked by Wikitoro Team
Updated Feb, 2024

eToro supports more than 20 currencies for deposits, such as USD, EUR, GBP, and AUD. However, the specific currencies available to you depend on your country of residence and the eToro entity handling your account. As a result, not all supported currencies may be visible or accessible to every user when making a deposit.

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76% 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.

 

As an active trader on eToro, I was curious about the range of currencies the platform accepts for deposits. To get a clear picture, I delved into my own trading account, scoured eToro's website, and consulted their support pages. My findings revealed that they support over 20 different currencies, which I've detailed in this table for easy reference:

Supported local currencies of eToro for deposits
CountryLocal Currency
AustraliaAUD
Czech RepublicCZK
DenmarkDKK
European CountriesEUR
HungaryHUF
IndonesiaIDR
MalaysiaMYR
NorwayNOK
PhilippinesPHP
PolandPLN
SingaporeSGD
SwedenSEK
SwitzerlandCHF
UKGBP
USAUSD
VietnamVND

 

Discovery: Not All of These are Available on My Account!

An interesting aspect I discovered is that the range of available currencies varies based on your country of residence. In my personal experience, when attempting to deposit funds, I was presented with only a few options: USD, EUR, GBP, and AUD.

This prompted me to reach out to eToro's support team for clarification. They confirmed that the currency options indeed depend on your country of residence and the specific eToro entity managing your account. This means that while this broker supports a diverse array of currencies, not all of them will be visible or available to every user during the eToro deposit process.

 

The Bottom Line

My investigation confirmed that eToro does accept a variety of currencies for deposits. However, it's important to note that the options available to you will be limited based on your geographical location and the eToro entity you are associated with.

This insight is crucial for traders looking to fund their accounts, as it helps in planning and executing deposits in the most convenient currency available to them.

 

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. 76% 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.

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 does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

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.

Wikitoro author Nick Zelver About Nick Zelver

Nick is the Senior Content Editor at Wikitoro.org with over 15 years in online marketing. A graduate of Toronto Metropolitan University, he has strategized for More Sales Inc. and led online sales at GlassesUSA.com. His journey through digital marketing, e-commerce, and account management has equipped him with a unique perspective. Every article he pens is infused with his real-world experiences, aiming to guide and inform readers.

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76% of retail investor accounts lose money