Yes, it does. What’s more, it doesn’t matter what country you’re based in. Skrill deposits are instant and eToro supports deposits via this e-wallet in USD, GBP, EUR, and AUD. There is a $10,000 deposit limit of this method. You don’t need more than an active Skrill account with a sufficient balance. Your funds don’t have to be in the actual balance either. They can be available on a bank card linked to your Skrill account.
Fees
eToro charges a conversion fee if your account is denominated in a currency that’s different from the default one in USD. This fee will be deducted when you withdraw. The exact amount depends on your account currency. It is calculated in pips.
Likewise, the amount you withdraw determines the spread fee. The broker charges $5 per withdrawal. In general, eToro’s fees are relatively low. The broker offers a large number of payment methods to users.
Steps to make a deposit
Go to Deposit Funds and click on Skrill under the methods of payment. After that, decide how much you want to deposit. Then, press Continue. You’ll be redirected to the login page, where you enter your login information. After having the transaction verified, you click on Pay. Skrill transfers are near instant. Most users report they see the funds in their account immediately. If the transaction fails, you’ll receive notification by email. Minimum deposit in eToro is $50.
Other conditions
Apart from Skrill, there are many deposit methods available. The most popular one is still bank transfer. There’s also Neteller, Sofort, Rapid Transfer, and debit cards. Users can deposit funds as soon as they open a trading account. You must wait for the broker to verify your account before you start trading. eToro also has a demo account with virtual funds, which you can use to learn the ropes before wagering real funds.
eToro does not support Skrill in: Austria, Bahrain, Belgium, Bulgaria, Chile, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Indonesia, Ireland, Italy, Kuwait, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Netherlands, Peru, Philippines, Poland, Portugal, Qatar, Romania,
Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Thailand, UK, United Arab Emirates.
Disclaimer
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. 51% 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.
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.
