eToro Fees and Commissions Review
The eToro broker is a very popular online platform for trading. Founded in 2007, the company operates as a social trading website that works with traders in dozens of countries. If you’re interested in trading with this platform, you might be wondering just how much it will cost in terms of fees and commissions. Keep reading to see our complete rundown of eToro’s fees and commissions, so you can make more of an informed decision.
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eToro fees are quite attractive. Compared to other online brokers, they are relatively inexpensive to use with little to worry about when it comes to hidden fees. The platform offers VIP account with five different tiers that span from silver to diamond. These special accounts are given to traders who have balances over $5,000 and under $250,000. These special accounts are complimentary. Essentially, the more you trade, the more you get in terms of free perks.
Assets |
Fees |
US stock and ETF |
Free |
EURUSD |
No fee, but the cost is usually built into the spread itself. In general, the average spread fee during the most popular trading hours is 1 pip. |
Withdrawals |
$5 with a minimum amount of $30 |
Inactivity charges |
$10 per month after one year of no activity and not logging in. |
Are eToro Trading Fees Low?
Yes, eToro fees are particularly low, though they do charge an eToro withdrawal fee where other brokers do not. A big part of eToro’s appeal to new and experienced traders is the fact that they are completely commission-free. That means that you can trade on the platform without having to worry about a flat fee per trade when it comes to U.S. stocks.
However, eToro does charge fees in other markets. They also charge a percentage per spread for things like cryptocurrency. A spread is basically a fee that the platform collects that is based on the difference between the offered price and the bid itself. With highly volatile trades, this amount can fluctuate quite a bit. However, the percentage is usually quite low, even when trading large amounts of money or cryptocurrency. It will, however, vary based on current market conditions.
In other markets, eToro does charge fees. For cryptocurrency, the spread percentage can vary, usually between 1-4%. They also charge for CFDs and currency conversions in pips.
eToro Trading Fees Explained
The broker's trading commissions are quite attractive, however, they largely depend on the selected asset.
eToro US Stock Fees
eToro does not charge any commission fees to trade with U.S. stocks. That means no management fees, no rollover fees, no ticket fees, and no need to pay for a secondary broker. This applies to both U.S. stocks and ETFs. You can purchase as little or as much stock as you’d like with no need to worry about a fixed fee or percentage charge.
eToro CFD Fees
CFDs have fees that are charged via spreads. For example, the currency pair EURUSD costs 1 pip, commodities start at 2 pips. Indices start at 0.75 points, CFD stocks are charged at a rate of 0.09%, and CFD crypto starts at 0.75%.
eToro Forex Spreads
The broker's spread level can be called the average in the market. In general, you can expect spreads that vary significantly depending on your currency choice. For example, EURUSD is 3 pips.
eToro Crypto Fees
eToro charges crypto fees via spreads. A fee of 1% is calculated for buying or selling crypto assets on eToro. There is also a coin transfer fee of 0.5%.
What are eToro Financing Rates?
If you want to trade on margins with eToro, you have some options. The Apple CFD financing rate is 6.5%, the EURUSD financing rate is 1.8%, and the EURGBP financing rate is 2.4%.
Does eToro Charge an Inactivity Fee?
Yes, eToro charges an inactivity fee. After one full year of no activity on your account, including logins, eToro will charge a $10 fee once a month on any of your remaining balances. eToro will not, however, close any potential open positions you have to cover this fee.
eToro Deposit and Withdrawal Explained
The deposit and withdrawals fees for eToro might seem too good to be true, so we’ll break down why they cost what they cost (or don’t cost.)
eToro Deposit
There is no eToro deposit fee. Because the platform works in USD exclusively, they do not charge fees for any USD deposits. You can deposit as much as you’d like, as frequently as you’d like.
eToro Withdrawal Fees
All eToro withdrawals are subject to a $5 fee. Any withdrawals that are transferred in currencies that are not USD will be subject to conversion fees that start at 50 PIPs and vary quite a bit. There is also a withdrawal minimum of $30.
What is eToro’s Account Minimum?
In most countries, the minimum first account deposit must be $50. In places like Costa Rica (among others) the minimum deposit is $1,000. Israeli accounts have a minimum of $10,000. In other eligible countries, the account minimum is $200. Any deposit made through a bank transfer must be a minimum of $500.
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.
FAQs
Is eToro worth it?
We believe that eToro is a perfectly good online broker for beginners and experienced traders alike. It’s particularly good for things like social copy trading, as the platform has major social media features that make it easy to follow other pros on the platform. It’s also become a bit of a hotspot for cryptocurrency trading, though they do charge for spreads. Just as well, eToro is extremely user-friendly and uncomplicated. It’s also very mobile-friendly and ideal for casual traders.
What does eToro offer?
This online broker offers quite a bit. It is most popularly used for trading U.S. stocks and EFTs. The platform has also become popular as a place to trade cryptocurrency. Just as well, eToro offers forex trading, CFD trading, over 3,000 tradable symbols, forex pairs, international stock trading, and social trading.
Is there a catch with eToro?
Not really. If you plan on trading U.S. stocks and EFTs, you can enjoy a totally free experience with the occasional $5 withdrawal fee. Plus, the platform is quite safe. eToro works in compliance with the FCA, CySEC, and ASIC. The platform itself is also highly secure.
Should I use eToro for copy trading?
We would highly recommend eToro for copy or social trading. One of the things that makes eToro so unique is its social network aspect. Users can watch the trades and movements of other traders, especially major players in the stock market. For new traders, being able to copy trade can help beginners learn how to trade popular by watching the best of the best. You can even set eToro up to automatically open trades when specific people you follow make a trade with a percentage of your total funds that is proportional to your account.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
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