The minimum initial deposit helps you decide which brokerage firm suits your needs best. eToro has an initial deposit requirement of $200. This amount varies depending on the funding method and account types you choose.
| eToro | XTB | Trading 212 | |
|---|---|---|---|
| Minimum deposit | $200 | $0 | $1 |
This article discusses the specifics of minimum deposit fees at eToro.
Fees & Funding Options
eToro is an excellent online broker who won’t deduct anything from your deposits. After you cover the required deposit amount, you won’t have to pay a commission for transferring funds. eToro has three main funding options: credit/debit card, electronic wallets, and bank transfers.
The average transfer time depends on the funding option you choose. A bank transfer might take as long as three days. Credit/debit cards and online wallets require only a few hours.
| Pros | Cons |
|---|---|
| • Credit/Debit card deposit | • Only one account base currency |
| • No deposit fee | |
| • Depositing is user-friendly |
| eToro | XTB | Trading 212 | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes |
Currencies
All trading accounts come with a base currency. The number of base currencies at eToro is 1 (USD). You’ll have to pay a conversion fee if you deposit in a different currency than the base currency of your eToro account. The best way to save money on conversion fees is to use a multi-currency digital bank account.
| eToro | XTB | Trading 212 | |
|---|---|---|---|
| Number of base currencies | 1 | 5 | 9 |
Sending The Minimum Deposit
Funding your eToro account is straightforward. The steps are:
- Create a brokerage account;
- Verify your information;
- Log in to your account and select a funding option;
- Verify the funding transaction;
- Initiate the funding process.
Final Verdict
eToro has a low minimum required deposit and a smooth sign-up process. However, it offers only one base currency, which might lead to additional conversion costs. Read detailed information about the funding process at eToro in our in-depth reviews.
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Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.
Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.
Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.
Disclosure
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
