eToro broker: minimum deposit
eToro is one of the top CFD and forex brokers in the world. The company has been operating in the trading world since 2007, providing services under licenses from three financial regulators – Cypriot (CySec), British (FCA) and Australian (ASIC).
In this article, we will observe the eToro minimum account deposit options with this broker, as well as how to deposit and withdraw funds.
How much is eToro minimum deposit
The minimum initial deposit amount to start trading on eToro is only $200, depending on your country of residence. Below is a table with details by country and amount.
The eToro minimum subsequent deposit is of $50 only.
The eToro minimum deposit via bank transfer is $500.
When registering a corporate account, the minimum initial deposit amount for eToro is $10,000.
eToro informs its clients that it reserves the right to change the above minimum deposit amounts at any time.
|User’s country/territory of residence:||eToro minimum initial deposit amount:|
|Austria, Germany, Great Britain, Ireland, Italy, Spain, Italy,
Netherlands, Norway, Sweden, Switzerland, United States
|Azerbaijan, Bahrain, Cayman Islands, Costa Rica, Dominican Republic, Egypt, French Polynesia, Georgia, Gibraltar, Iceland, Isle of Man, Jersey Island, Jordan, Kazakhstan, Kenya, Kuwait, Lithuania, New Zealand, Oman, Qatar, Reunion Island, Senegal, Ukraine||1000$|
Pro’s and Con’s of eToro minimum deposit
|Pro’ s of eToro minimum deposit||Con’s of eToro minimum deposit|
|Low eToro minimum deposit amount||A deposit fee is charged, even for eToro minimum deposit|
|Various payment methods are supported|
|Variety of deposit currencies|
eToro minimum deposit fees and deposit currency
eToro minimum deposit when opening a live account is average compared to other brokers.
eToro charges a deposit fee only if the deposit currency is IDR or VND.
eToro charges a conversion fee when the trader uses Wire Transfer their deposit method. The deposit currencies supported are converted against the USD and can be viewed as follows:
When a trader uses Wire Transfer to make a deposit, eToro charges a conversion fee. The eToro minimum deposit currencies supported are converted against USD and can be viewed as follows:
- AUD/USD – 50 pips
- EUR/USD – 50 pips
- GBP/USD – 50 pips
- RUB/USD – 50 pips
- In addition, for all other payment methods, there is the following fee for the conversion of the eToro minimum deposit currency into US dollars:
- AUD/USD, MYR/USD, THB/USD – 100 pips
- EUR/USD – 250 pips
- GBP/USD, RMB/USD, RUB/USD – 50 pips
If the trader’s deposit currency is in IDR or VND, 1% commission will be charged.
Traders should check with their payment providers for any fees that may be avoided if there are transaction fees charged when depositing minimum funds into the trader’s eToro account.
eToro supports the following currencies for making eToro minimum deposit:
- RUB, etc.
Adding funds to eToro account and withdrawing funds
There are multiple different payment methods for eToro minimum deposit. You can use electronic methods or the classic method via wire transfer. Surprisingly, eToro is one of the few CFD brokers that uses PayPal as a payment method. As a result, instant deposits to your account balance are possible.
You can use credit cards, e-wallets, PayPal, or bank transfer for your deposit. Once you open a trading account, you can make eToro minimum deposit directly. We recommend testing your account and practicing with a demo account before you deposit a minimum amount of real money and start trading on eToro.
The following methods are available for eToro minimum deposit making:
– Credit/Debit Card
– Quick Transfer
– Wire Transfer
Depositing funds is automatic and therefore instantaneous, unless there are any hindrances by the payment system. The eToro broker charges a minimum deposit fee.
Withdrawals can also be made by card, PayPal or bank transfer, and the minimum withdrawal amount is $30. However, it should be noted that you can only withdraw to the same account from which you made the deposit.
Withdrawal takes 1-2 business days for a card or PayPal and up to 8 business days for a bank transfer. You may also cancel the request and the funds will return to your trading account, but only if the status of the request is not marked as “In Process”. Otherwise we will wait for funds to be credited to our account.
There is also a small fee for withdrawal:
– $30 to $200 – $5.
– From $200 to $500 – $10.
– From $500 – $25.
As soon as the funds are sent, the client will receive an email notification with all the transaction details.
Step-by-step guide to deposit the minimum amount on eToro
Once you have registered a live account with eToro and the account has been verified and approved, you need to complete the following steps to deposit the minimum amount into the eToro trading account:
Go to the eToro client login system and log in using the required credentials.
Once logged in, you have to choose “Deposit Funds”.
You can then enter you deposit amount and select the currency.
Finally, you can choose your preferred deposit method.
You should note that depending on the payment method used, some transactions may take some time depending on the method, time of day and day of week.
Frequently Asked Questions
What is the eToro minimum deposit amount?
How can I make minimum deposit and withdrawal to eToro?
eToro offers the following popular minimum deposit and withdrawal methods
Various payment systems such as PayPal, Giropay, Skrill, WebMoney, Yandex and China Union Pay.
eToro prohibits payments to third parties. Deposits and withdrawals must be made from/to the same account, which the trader registers when opening a live account.
Does eToro charge withdrawal fees?
How long will it take to withdraw my funds?
Credit/debit cards – up to 8 working days
China Union Pay – 1-2 business days
Neteller – 1-2 business days
PayPal – 1-2 working days
Skrill – 1-2 working days
WebMoney – 1-2 working days
Wirе transfеr – up to 8 working days