Does eToro charge conversion fees?

As this broker’s default currency is USD, they don’t charge conversion fees on deposits in that currency. A number of other currencies are accepted, including RMB, THB, IDR, EUR, GBP, AUD, SEK, DKK, NOK, MYR, VND, and PHP. If you make a deposit in any of these, it will be converted to USD and a fee will be charged. You can see the exchange rate and the amount you’ll get in USD before making the deposit. This information is available on the Deposit Funds page.

Using CopyTrader

CopyTrader is eToro’s proprietary platform, which incurs neither hidden charges nor extra fees. The broker might apply spreads and an overnight fee depending on the copied positions opened. You can invest in thematic, leading, ready-made portfolios without paying any commission or management fees except those the broker charges on the assets within the respective portfolio. No commission is charged on stock portfolios.

eToro does not charge a deposit fee. There is a $5 withdrawal fee, which goes toward covering some international money transfer costs. The minimum withdrawal amount is set at $30. All deposits and withdrawals must be made in USD. Any other currency will be converted. The fees are based on the spread, starting from 50 pips.

Fee exemptions

Members of Diamond, Trustly, Sofort, and iDEAL are exempt from conversion fees if they use GBP, EUR, or AUD. There is no fee on deposits and withdrawals via bank transfer either. Members of Platinum and Platinum+ get 50% off. 

Other fees

Depending on the position value, CFD positions that stay open overnight incur a small fee. In essence, this is an interest payment to compensate the leverage cost used. A weekend fee is three times the overnight fee because you’re keeping the position open for three nights. Depending on the asset, the broker charges weekend fees on Wednesday or Friday. International market conditions determine rollover fees.

Last but not least, users will see a position “loss” as soon as they open a new trade. This is because of the spread. The final spread calculation is done when the position is closed. Depending on the closing price, it is adjusted at that moment.

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. 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.

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.

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