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

Majority of the fees that eToro charges are on the low side for most of its supported financial instruments. In fact, if you decide to trade real stocks, there's 0% commission, which means you won't incur any markup, management, ticketing or rollover fees. For other underlying assets, the fees remain considerably low so you can trade frequently without worrying about the costs.

eToro fees details
📝 Opening an accountFree
🖥️ Demo accountFree
🗂️ Account managementFree
👨🏽‍💻 Account inactivity$10 per month
💵 DepositFree
💸 Withdrawal$5
💱 ConversionBased on pips
📊 Trading real stocks0% commission
⌛ Rollover (weekend/overnight)Based on global market conditions

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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.

 

Introduction to eToro's Fee Structure

Investing with eToro involves certain fees, typical of online investment platforms. These fees are necessary for the company to cover the expenses incurred in processing various trading activities and transactions on behalf of its clients.

 

Understanding eToro's Fees

eToro's fee system is divided into two primary categories, encompassing various charges associated with trading and other financial activities on the platform:

1. Trading Fees: These are incurred during trading activities and include:

  • Rollover Fee (Overnight Fee)
  • Spread
  • Commission

2. Non-Trading Fees: These apply to activities not directly related to trading, often involving account management or non-investment transactions:

  • Conversion Fee
  • Withdrawal Fee
  • Inactivity Fee

Each fee serves a specific purpose, ensuring smooth operation and management of your investments and transactions on the eToro platform.

 

Deposit Charges

Depositing funds into an eToro account is generally free of charge. However, it's crucial to be aware that some payment service providers might impose a transfer fee. Therefore, it's advisable to check with your chosen payment provider regarding any potential charges.

 

Withdrawal Fees: A Standard $5 Charge

eToro applies a fixed fee of $5 for every withdrawal. This fee is in place to cover the expenses involved in transferring funds internationally.

The minimum withdrawal amount per transaction is $30.

Key Point:

The withdrawal fee is a flat rate, regardless of the amount you withdraw. Whether you're withdrawing $45 or $1000, the fee remains consistently at $5.

 

0% Management Fees on eToro

eToro does not charge any management fees for trading on its platform. This includes investments in any portfolio and copying the strategies or positions of other traders.

 

Rollover Fees (Also Known as Overnight or Weekend Fees)

Rollover fees apply when you hold a Contract for Difference (CFD) position open overnight, over the weekend, or during non-trading hours. This fee, proportional to the position's value, compensates for the interest on the leverage used when markets are closed.

  • Weekend Rollover Fees: These may be charged on Wednesday or Friday, depending on the specific traded instrument.

Important Note:

Rollover fees are subject to change based on global financial market conditions and can be updated without prior notice. It's advisable to regularly check eToro's fees page for the most current information.

 

Conversion Fees

eToro operates with USD as the primary currency for all deposits and withdrawals. If you use a currency other than USD, a conversion fee will be charged to convert it into USD.

 

Conversion Fees for Specific Payment Methods

The current conversion fee is 50 pips for the following currencies when using Bank Transfers, iDEAL, Sofort, PayPal, and Trustly Online Banking:

  • AUD
  • EUR
  • GBP
  • SEK
  • DKK
  • NOK
  • PLN
  • CZK

This fee is deducted at the time of deposit or withdrawal.

Discounts for eToro Club Members

Members of the eToro Club at higher tiers receive discounts on conversion fees:

  • Platinum and Platinum+: 50% discount
  • Diamond: Free conversions

Fees for Other Payment Methods

Different conversion fees apply for transactions made via credit cards, Skrill, Neteller, RapidTransfer, or local online banking. These fees vary and are not included in the standard 50 pips rate.

 

Stock Trading: No Commissions

Trading real stocks on eToro does not involve any commission fees. This exemption includes stamp duties, markups, and ticketing fees. Opening or closing stock positions incurs no broker fees. However, this does not apply to shorted or leveraged positions, where other fees may be applicable.

 

Cryptocurrency Trading: 1% Fixed Fee

eToro charges a flat 1% fee for buying or selling cryptocurrencies. This fee is already factored into the price displayed on the platform when opening or closing a position.

  • When a new crypto position is opened, it immediately shows a loss, reflecting the 1% buying fee. Additionally, a 1% selling fee will be incurred upon closing the position.
  • The Profit & Loss (P/L) displayed accounts for these fees, providing a clear and transparent representation of the actual value after fees.

 

No Additional Fees for Using CopyTrader

Using eToro's CopyTrader feature does not incur extra fees. However, copied trades are subject to the usual applicable spreads and overnight fees.

 

CopyPortfolios: No Commissions or Management Fees

Trading with eToro's CopyPortfolios does not involve commissions or management fees. Keep in mind, though, that each asset within the portfolio carries its standard applicable fees. The only exception is stock portfolios, which are exempt from commissions.

 

No Profit Clearance Fees

eToro does not charge any clearance fees on profits earned through trading on their platform.

 

Inactivity Fee After 12 Months

Accounts inactive for 12 months (1 year) will be charged a monthly inactivity fee of $10, deducted from the account balance. It's important to note that open positions will not be closed to cover this fee.

Note on Inactivity Period

The inactivity period is counted from the last date of account access. For example, if you last accessed your account 5 days ago, it has been inactive for those 5 days.

 

Fees for UK Traders on eToro

UK residents trading on eToro primarily face conversion fees due to eToro's use of USD as its base currency. This means all deposits and withdrawals must be converted between GBP and USD.

  • Conversion Fees: When using bank transfers for deposits or withdrawals, the conversion fee is 50 pips. For transactions via credit/debit cards, online banking, or e-wallets, the fee increases to 150 pips.

Fee Discounts for Different Account Tiers

  • Bronze, Silver, Gold: Standard fees as mentioned.
  • Platinum and Platinum+: Enjoy a 50% discount on conversion fees, except for transfers via credit/debit cards, PayPal, or Skrill.
  • Diamond: Free conversions.

Other Transaction Fees

Fees for withdrawals, inactivity, and rollovers are consistent across all countries and are applied in USD:

  • Withdrawals: A flat fee of $5 is deducted from the USD amount. For example, withdrawing the minimum amount of $30 results in receiving $25. This amount is then converted to GBP, incurring a conversion fee.

 

Comparing eToro's Fees with Other Trading Platforms

eToro's fee structure stands out for its competitiveness and transparency in comparison to other trading platforms. The fees vary based on the traded asset and account type, but generally, eToro is known for low trading fees.

Stocks and ETFs Trading

  • eToro does not charge commission fees for trading stocks and ETFs, which is a significant advantage for investors focused on these assets.
  • They earn through spreads, the difference between the buying and selling price, leading to slightly higher buying prices and lower selling prices.

Cryptocurrency Trading

  • The 1% spread for trading cryptocurrencies is notably lower than many competitors in the industry.

Forex Trading

  • Forex trades incur a variable spread, ranging from 1 to 50 pips depending on the currency pair.

Social Trading

  • eToro's CopyTrader system charges for copying other traders' moves. Fees range from 0.5% to 2% of the invested amount, depending on the trader being copied.

Overall Perspective

While not the lowest in the industry, eToro's fees are competitive, with a clear and straightforward pricing model. It's advisable for traders to compare fees across various platforms to make an informed decision.

 

Account Opening Fees on eToro

Opening an account with eToro is free, with no sign-up fees. However, to start trading, you must fund your account using one of the supported deposit methods.

 

Frequently Asked Questions (FAQs)

Q: Is there a fee to open an eToro account?

A: No, there's no fee for signing up with eToro. But to trade, you need to deposit funds.

Q: Does eToro charge deposit fees?

A: There are no fees for depositing funds. Remember, eToro uses USD as its base currency. Deposits in other currencies like GBP or EUR will incur a conversion fee to USD.

Q: Are eToro's fees high?

A: No, eToro's trading fees are generally lower than many other brokerages. They don't charge commission fees for real stock trading.

Q: Does eToro have a daily fee?

A: No daily maintenance fees are charged. However, an inactivity fee of $10 per month is applied if the account is inactive for a year.

Q: What are the hidden fees on eToro?

A: eToro practices transparency with its fee structure. All applicable fees are clearly displayed on the platform. Apart from trading fees, be aware of non-trading fees like withdrawal, inactivity, and conversion fees.

 

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 Mike Druttman About Mike Druttman

Mike Druttman, Head of Content at Wikitoro.org, has decades of expertise in marketing communications and business matching. Educated at the CAM Foundation and the Chartered Institute of Marketing, Mike has collaborated with businesses from the UK to Japan. He founded KEYZUNA, bridging Japanese businesses with global innovations. With a diverse background spanning high-tech to hospitality, Mike's articles at Wikitoro reflect his vast knowledge and unique perspective.

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