eToro fees are ranked as low. It offers zero-commission real stock trading. eToro has a unique proprietary platform that is easy to be used by traders to implement copy trading. Apart from that, they also offer the best Copy Trading tools which makes Social Trading more fun!
eToro forex trading fees are high and there is a withdrawal fee and inactivity fee charges. On the positive side, eToro offers free stock trading. You may also refer to the eToro Canada review to see how fees are in Canada.
Pros and Cons of eToro
Pros
- Free stock trading
- Low CFD fees
- Low trading fees
- Zero Deposit fees
- Credit/Debit card available
- Free market data
Cons
- High withdrawal fees
- High forex fees
- Only one account base currency
- Conversion fee for non-USD deposits
- High inactivity fee
Opening eToro Account
Account opening at eToro is quick and easy. The process is fully digital and takes less than 10 minutes. There is no account opening fee, but there is minimum deposit of $50. This is for both first time deposits and redeposits.
Trading Fees – Pricing & Transactions
eToro trading fees are ranked as low. They are known by maintaining a transparent pricing policy. Therefore, you will never be charged hidden fees. They offer minimal spreads which vary according to market conditions and liquidity.
- Zero-commission real stock trading: There are no charges when opening or closing a position. However, this only applies to clients of eToro Europe Ltd. and eToro UK Ltd., and does not apply to short or leveraged trades.
- Low CFD trading fees: eToro charges a conversion fee of 0.1%. The conversion rates are set according to market rates.
- Average financing rates: Financing costs are usually significant if you trade on margin and hold your positions for long.
eToro Non-trading fees
eToro broker has average non-trading fees. It charges a fee of $10 per moth after one year of inactivity. To avoid the inactivity fee simply sign into your account, because that counts as an activity. There is also a withdrawal fee of $5, which is high compared to other CFD brokers.
Deposit fees
Depositing cash is easy and totally free, with a lot of available options including credit cards, electronic wallets and wire transfer. However, there is a conversion fee for non-USD deposits and only USD accounts are available. There is a minimum deposit of $10,000 for corporate accounts. Please note that there is a maximum deposit limit of $2,250 for unverified accounts, so it is best to get verified!
| Deposit fee | Deposit method | Minimum deposit | Maximum deposit | Waiting Period |
|---|---|---|---|---|
| $0 | Credit/Debit card | $50 | $10,000 | Instantly |
| $0 | Electronic wallets | $50 | $10,000 | Instantly |
| $0 | PayPal | 50 | $10,000 | Instantly |
| $0 | Neteller | $50 | $10,000 | Instantly |
| $0 | China Union Pay | $50 | $10,000 | Instantly |
| $0 | WebMoney | $50 | $10,000 | Instantly |
| $0 | Wire Transfer | $500 | $100,000,000 | 3 – 5 business days |
Withdrawal fees
The withdrawal fee of $5 is charged when withdrawing your money. This is a high fee compared to other forex and CFD brokers. You can withdraw cash using credit/debit card, bank transfer or electronic wallets. The Withdrawal options are just the same as the funding options.
| Withdrawal fee | Withdrawal method | Minimum withdrawal | Maximum withdrawal | Waiting Period |
|---|---|---|---|---|
| $5 | Credit/Debit card | $30 | $$50,000 | 3 – 8 business days |
| $5 | Bank Transfer | $30 | $25,000 | 2 business days |
| $5 | Electronic wallets | $30 | $25,000 | 3 – 5 business days |
| $5 | PayPal | $30 | $25,000 | 1 – 2 business days |
| $5 | Neteller | $30 | $25,000 | 1 – 2 business days |
| $5 | China Union Pay | $30 | $25,000 | 1 – 2 business days |
| $5 | WebMoney | $30 | $25,000 | 1 – 2 business days |
Inactivity fees
Inactivity fee is $10 per month for accounts with no activity for 12 months. The inactivity fee is only applicable if there is a remaining available balance. And no open positions will be closed to cover the fee.
Overnight fees
eToro overnight fee – also called a rollover fee are the industry standard. The fees vary according to position’s direction BUY or SELL. You can get money back of an overnight refund in some instances. Overnight/rollover fees are not charged on weekends on cryptoassets.