Practical Guide To eToro Hidden Fees

Page Summary

When you decide to join the trading world, you’ll quickly learn about hidden fees. All brokers charge fees to use their platforms, but some brokers have fee structures that are difficult to understand or hard to find. These are hidden fees. 

You can’t choose a trading platform without researching it. So, you’ll need a more precise idea concerning the fee structure to organize your capital accordingly. 

The Basics Of eToro Hidden Fees 

Researching trading platforms is key to your success. It is best to select a platform that provides at least 2000 CFD trading instruments. Also, this platform should get you access to stocks and cryptocurrency assets. 

After extensive research, you can move forward to discover the fee structure of the platform. Remember that you’ll come across distinct types of fees, depending on the broker and portfolio. 

To understand trading fees, we need to discuss the subcategories you’ll have with brokers, such as eToro. 

Deposit Fees 

Most professional trading platforms don’t have a deposit fee. This lack of a deposit fee means you can directly deposit into your trading account without paying a financial processing charge. (However, if you prefer a currency that’s not supported, you’ll have to pay a conversion fee). 

Leading platforms offer several deposit methods, such as online banking, debit cards, and bank transfers. Some might allow you to transfer funds via credit cards. 

Almost all platforms aim to offer a user-friendly deposit process with simple steps to follow. 

Commission Charges 

Trading platforms can charge a commission based on the financial instruments you use. For example, many trading platforms don’t have a commission for trading stocks. But others may charge one for trading CFDs. 

We recommend you check the platform’s insights on commission and fees before joining. 

Overnight Charges 

Trading CFDs comes with an overnight fee for open positions, and many platforms offer a fee schedule. For example, you may have to cover for a weekend fee for stocks and CFDs on a Friday. 

Spread Fees 

Spread fees represent a significant part of your trading costs, and distinct financial instruments come with different bid-ask prices. Some CFD brokers will include the fractional pip in the spread cost, while others won’t. As such, the bid-ask difference will be higher for those brokers. Trustworthy platforms make sure they keep this aspect transparent. 

Cryptocurrency Fees 

Some cryptocurrencies come with additional fees. For example, your transaction and transfer fee will vary from broker to broker. 

Non-trading Fees 

There are two types of non-trading fees: withdrawal and inactivity fees. 

Some brokers don’t have a deposit fee but charge a withdrawal fee. Luckily, this is usually a small cost of around $5. 

Trustworthy brokers won’t close your open position to pay the inactivity costs. But most of them will charge you this extra fee. For example, if you don’t log in for 12 months, you’ll have to cover this inactivity fee before using your account. 

It is best to work out the non-trading fees before signing up with a broker. Knowing all the costs is the only approach that will enable you to make profitable trading decisions. Check the fee structure before settling upon a broker’s platform. 

Key Aspects For Hidden Fees At eToro  

There are many key aspects to keep in mind when choosing a trading platform, such as eToro:    

  • the experience a broker has with day trading    
  • the customer support available    
  • the regulations in case of disputes or losses    
  • the timeframe for deposits and withdrawals    
  • the international presence in several counties    
  • the access to a multi-cultural customer support staff    

Based on these features, we shared a comparison table to help you decide which the best trading broker is. We analyzed eToro compared to the top brokers that offer the best features and platforms for traders.

Comparison table

Cell eToro IC Markets Pepperstone FxPrimus AxiTrader Swissquote AvaTrade ForexMart Phoenix Markets EZInvest ETX Capital
Regulation FCA, CySEC, ASIC, MiFID ASIC, FSA, CySEC ASIC, DFSA, FCA, SCB CySEC, MiFID FCA, ASIC, DFSA FCA FSA, FSB, BVI, ASIC CySEC CySEC CySEC FCA
Min. Deposit 200 200 200 100 No 1000 250 1 500 500 100
Funding Bank Transfer Credit Card PayPal Bank Transfer Credit Card PayPal Bank Transfer Credit Card PayPal Bank Transfer Credit Card Bank Transfer Credit Card Bank Transfer Credit Card Bank Transfer Credit Card PayPal Bank Transfer Credit Card Bank Transfer Credit Card Credit Card Bank Transfer Credit Card
Used By 12,000,000+ 60,000+ 10,000+ 10,000+ 10,000+ 300,000+ 200,000+ 10,000+ 10,000+ 10,000+ 10,000+
Advantages STP available Low Min. Deposit Negative Balance Protection Scalping & Hedging Available Low Min. Deposit Negative Balance Protection Scalping & Hedging Available STP Low Min. Deposit Negative Balance Protection Scalping & Hedging Available STP Low Min. Deposit Scalping & Hedging Available STP Low Min. Deposit Scalping & Hedging Available Scalping & Hedging Available Low Min. Deposit Scalping & Hedging Available STP Low Min. Deposit Negative Balance Protection Scalping Available STP Scalping Available STP Hedging Available Low Min. Deposit Guaranteed Stop Loss
Accounts Demo Account Standard Account Islamic Account Demo Account Mini Account Standard Account Zero Spread Account Raw Spread Account Islamic Account Demo Account Mini Account Standard Account ECN Account Islamic Account Demo Account Micro Account Mini Account Standard Account ECN Account Managed Account Demo Account Micro Account Mini Account Standard Account ECN Account Islamic Account Demo Account Mini Account Standard Account Demo Account Micro Account Mini Account Standard Account Islamic Account Demo Account Standard Account ECN Account Islamic Account Demo Account Standard Account ECN Account Islamic Account Demo Account Standard Account ECN Account Islamic Account Demo Account Mini Account Micro Account Standard Account
Spreads Var. Spreads Var. Spreads Var. Spreads Var. Spreads Var. Spreads Fixed Spreads Fixed & Var. Spreads Var. Spreads Fixed Spreads Fixed Spreads Fixed & Var. Spreads
Platforms Mobile Apps MT5 MT4 ZuluTrade Web Trader Mirror Trader cTrader MAC MT5 MT4 Web Trader ZuluTrade Mac Mobile Apps MT4 Mac Mirror Trader Web Trader Mobile Apps MT4 MAC ZuluTrade Web Trader Mobile Apps MT5 MT4 Web Trader ZuluTrade MT4 Mirror Trader Mac ZuluTrade Web Trader Mobile Apps Web Desktop MT4 Mac Android iPhone iPad MT4 Mac Android iPhone iPad MT4 MT4 Mirror Trader Max Binary Tablet Mobile Apps
Support Live Chat Email Support Email Support Live Chat Email Support Phone Support Live Chat Email Support Phone Support Phone Support Email Support Live Chat Email Support Phone Support Live Chat Email Support Phone Support Live Chat Email Support Phone Support Live Chat Email Support Phone Support Live Chat Email Support Phone Support Phone Support Email Support
Excluded Countries AN, VG, NI, PR, GT, HN, PY, US, SV, LB, AW, AI, AG, BS, BM, BB, FJ, GD, KZ, MV, MH, BT, MM, HT, TT, LK, UZ, TJ, TM, VI, SG, NP, WS, TW, BN, PK, CI, DJ, GM, LR, SL, TG, NA, SO, TN, RW, BW, ZM, UG, LY, TZ, GH, ET, ZW, SD, CD, GN, RS, MK, MD, AL, BY, IL, TR, SY, JP, CA, BE, KP, IR NA, SN, GN, KG, KR, GH, AG, NG, GM, AO, NE, LR, BO, ML, CG, TZ, LY, CU, ZW, LR, CI, YE, LS, KH, TG, IQ, MM, SY, IR, BW, SL, GN, AF US, JP, SY, IQ, IR, KR, BR EC, JP, DZ, SY, AU, US, PR, SD, KR, MM, LY, IR, IQ, CU, CI, AF JP, US US SG, CA, US, TR, NZ, KP, BR, BE Cell IL, SY, TR, LA, AF, YE, VU, UG, IQ, ET, BA, US, KP, JP, IR, CA, BE IL, SY, TR, LA, AF, YE, VU, UG, IQ, ET, BA, US, KP, JP, IR, CA, BE BE, SG, CA, US

eToro Markets: Essential Factors To Consider    

eToro can be a volatile market that can pose serious challenges, even for experienced traders. Besides the online educational resources, you can use several other tools to understand the unique benefits of eToro markets better.    

Overall, eToro is considered an industry leader, thanks to its focus on innovation.    

1. Track Record    

The first thing you want to study when selecting a trading broker is its longevity or track record in the market. It is a crucial element in your trading strategy that can help you avoid significant financial loss. eToro is the leading copy trading broker with 12 years of experience on the market and headquarters in Cyprus and the United Kingdom.    

eToro has several regulations, being supervised by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), the Financial Instruments Directive (MiFID), and the Australian Securities and Investments Commission (ASIC).    

The main competitor of eToro is IC Markets. This broker was established in 2007, having a long track record and its main headquarters in Australia. IC Markets is monitored by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).    

Comparison table

Cell eToro IC Markets Pepperstone FxPrimus AxiTrader Swissquote
Regulation FCA, CySEC, ASIC, MiFID ASIC, FSA, CySEC ASIC, DFSA, FCA, SCB CySEC, MiFID FCA, ASIC, DFSA FCA
Used By 12,000,000+ 60,000+ 10,000+ 10,000+ 10,000+ 300,000+
Negative Balance Protection Yes Yes Yes No No No
Guaranteed Stop Los No No No No No No
Headquarters Cyprus  UK Australia Australia Cyprus Australia Switzerland
Year Founded 2006 2007 2010 2009 2007 1999

2. Industry    

Another factor to consider when choosing a trading broker is whether it is at the forefront of innovation. eToro offers more than 1000 trading instruments, an online and mobile platform, and a user-friendly interface for all their services.    

Beyond that, eToro supports several third-party trading platforms, allowing its clients to use distinct markets worldwide. Thanks to its innovation and ability to seek ways to keep their competitive advantage, it is a world-leader broker.    

IC Markets, the main competitor of eToro, provides only 232 instruments and segregates clients’ funds according to law.    

Comparison table

Cell eToro IC Markets Pepperstone FxPrimus AxiTrader Swissquote
Instruments 2000 232 100 130 100 100
Platforms  

Mobile Apps

MT4

MT5

ZuluTrade

MirrorTrade

Web Trader

cTrader

Mac

MT4 

MT5

ZuluTrade

WebTrader

cTrader

Mac

Mobile Apps

MT4 

Mac

Mirror Trader

Web Trader

Mobile Apps

MT4 

ZuluTrade

Mac

WebTrader

Mobile Apps

MT4 

MT5

ZuluTrade

WebTrader

cTrader

Mobile Apps

Excluded Countries AN, VG, NI, PR, GT, HN, PY, US, SV, LB, AW, AI, AG, BS, BM, BB, FJ, GD, KZ, MV, MH, BT, MM, HT, TT, LK, UZ, TJ, TM, VI, SG, NP, WS, TW, BN, PK, CI, DJ, GM, LR, SL, TG, NA, SO, TN, RW, BW, ZM, UG, LY, TZ, GH, ET, ZW, SD, CD, GN, RS, MK, MD, AL, BY, IL, TR, SY, JP, CA, BE, KP, IR NA, SN, GN, KG, KR, GH, AG, NG, GM, AO, NE, LR, BO, ML, CG, TZ, LY, CU, ZW, LR, CI, YE, LS, KH, TG, IQ, MM, SY, IR, BW, SL, GN, AF US, JP, SY, IQ, IR, KR, BR EC, JP, DZ, SY, AU, US, PR, SD, KR, MM, LY, IR, IQ, CU, CI, AF JP, US US
Forex Pairs 50 65 70 45 100 150
Major Forex Pairs Yes Yes Yes Yes Yes Yes
Exotic Forex Pairs Yes Yes Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes No Yes No
Commodities 0 19 16 0 20 7
Metals Yes Yes Yes Yes Yes Yes
Energies Yes Yes Yes Yes Yes Yes
Agricultural Yes Yes No No Yes No
Stocks 957 100 60 60 1000 0
UK Shares Yes No No Yes Yes Yes
US Shares Yes Yes No Yes Yes Yes
German Shares Yes Yes Yes No Yes Yes
Japanese Shares Yes Yes No No Yes Yes

3. Fees And Commissions    

Trading fees and commissions must be transparent. The top-rated trading broker is eToro due to the competitive offers for commodities, stocks, CFDs, forex, indices, social trading, and cryptocurrency. This broker has a minimum deposit of $200.    

Another leading trading broker is IC Markets because it offers CFDs, spread betting, forex, share dealing, and cryptocurrencies. IC Markets has a minimum deposit of $200. 

Comparison table

Cell eToro IC Markets Pepperstone FxPrimus AxiTrader Swissquote
Min. Deposit 200 200 200 100 0 1000
Withdrawal Fee Yes No No Varies Varies No
Inactivity Fee Yes No Yes No No No
Deposit Fee No Varies No Varies Varies No
CFD Commission Yes Yes Yes No Yes No

4. Withdrawal And Funding    

Convenient withdrawal and funding methods are fundamental for the best trading experience.  

Comparison table

Cell eToro IC Markets Pepperstone FxPrimus AxiTrader Swissquote
Bank Transfer Yes Yes Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes Yes Yes
PayPal Yes Yes Yes No No No
Skrill Yes Yes Yes No No No
Payoneer No No Yes Yes Yes Yes
Neteller Yes Yes Yes Yes Yes No

5. Customer Support    

Customer support is essential when it comes to trading. Dealing with brokers and investing can often require several interactions with customer service. These interactions may take the form of training, installation, upgrading, troubleshooting, or even cancelation of service.    

eToro offers reliable customer assistance via email, and live chat. This service is also available in several languages like English, Spanish, German, Italian, and French.    

IC Markets is well recommended for its reliable customer support, available in English, Chinese, Japanese, Afrikaans, Polish, Dutch, Danish, German, and several other languages.  You reach support by phone, email, or chat.    

Comparison table

Cell eToro IC Markets Pepperstone FxPrimus AxiTrader Swissquote
Support Live Chat 

Email Support

Email Support Live Chat 

Email Support

Phone Support

Live Chat 

Email Support

Phone Support

Email Support 

Phone Support

Live Chat 

Email Support

Phone Support

Languages English

German

Spanish

French

Italian

English

Japanese

Chinese

Polish

Danish

Dutch

Afrikans

German

etc.

English 

Spanish

Chinese

Polish

Japanese

Vietnamese

Korean

Arabic

English 

Spanish

Indonesian

Vietnamese

Thai

Chinese

Malaysian

Hungarian

English 

Spanish

German

Chinese

Japanese

Russian

Romanian

Arabic

English 

Italian

German

French

Spanish

Russian

Arabic

Chinese

6. Resources    

Educational resources can help you gain in-depth knowledge about trading and hidden fees. Both eToro and IC Markets do their best to provide top insights and news to their clients.    

So, before choosing a trading broker, you should check to see whether it offers access to comprehensive trading resources. These might include education, analysis, and risk-management tools.  

7. Regulations    

A broker regulated by leading authorities comes with a lower risk. These regulations will protect clients and ensure the broker offers qualitative services. Also, the broker regulation will minimize fraud and financial harm. 

eToro

eToro
Funding Bank Transfer 

Credit Card

PayPal

Customer Support Live Chat 

Email Support

Platforms Mobile Apps
Accounts Standard Account 

VIP Account

Islamic Account

eToro compared to other brokers:
eToro review

Disclaimer

eToro is a multi-asset investment platform. The value of your investments may go up or down. Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk. 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. Crypto assets are unregulated& highly speculative. No consumer protection. Capital at risk.
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.

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