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.
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.
|• Credit/Debit card deposit||• Only one account base currency|
|• No deposit fee|
|• Depositing is user-friendly|
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.
|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.
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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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.