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Wikitoro author Nick Zelver Written by Nick Zelver
Updated Feb, 2024

No, eToro does not have a daily fee. During my extensive use of the platform, which included activities like depositing, trading, withdrawing, and transferring crypto, I did not encounter any daily charges. The fees incurred were specific to particular activities or requests, such as trading fees and withdrawal fees, but there were no daily fees.

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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.

 

Debunking the Myth: Is There a Daily Fee on eToro?

In the intricate world of online trading, understanding fee structures is crucial for every investor. A question that often surfaces among eToro users is whether the platform charges a daily fee.

To address this query with accuracy and from a place of experience, I embarked on a detailed exploration of this broker's fee system. This article is an account of my actual findings and a reflection of my direct interaction with the platform, scrutinizing every aspect of its fee structure.

 

My In-Depth Exploration of eToro's Fee Structure

  1. Initial Deposit: My journey began with funding my eToro account. As I made the deposit, I meticulously monitored my account for any unexpected daily deductions. To my relief, there were none. The process was straightforward, with no hidden daily charges.
  2. Engaging in Trading: Trading various assets is where hidden fees often lurk. I engaged in trading stocks, cryptocurrencies, and other assets, vigilantly watching for any daily fees. Despite my active trading, eToro did not levy any daily charges. The eToro fees I encountered were specific to the trades themselves, such as spreads and commissions, but no daily fee was in sight.
  3. Withdrawing Funds: Withdrawing funds can sometimes unveil hidden costs. I proceeded with a withdrawal, half-expecting a daily fee to suddenly appear. However, eToro only charged a standard $5 withdrawal fee, with no daily charges added.
  4. Re-deposits and Crypto Transfers: I further tested the waters by re-depositing funds and transferring cryptocurrencies to my eToro wallet. These actions, too, were free from any daily fees. While there were transaction-specific fees, like crypto transfer fees, a daily charge was conspicuously absent.
  5. Overnight Fees: It's worth noting that while eToro does charge overnight fees for certain trades, these are not daily account fees but are specific to the positions held overnight.

 

In Summary

My thorough examination of eToro's fee structure – including deposits, trading, withdrawals, and more – has led me to a clear conclusion. At no point during my extensive use of the platform did I encounter any daily fees. The charges I did incur were always tied to specific activities or requests, such as trading fees, withdrawal fees, and crypto transfer fees. 

In conclusion, my hands-on experience with the platform has effectively debunked the myth of daily fees. That means you only get charged for the actions you undertake, with no hidden daily costs.

 

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