Does eToro charge withdrawal fees?
All withdrawal requests made to this broker are subject to a $5 fee. While it’s possible to open an account for free, requests for withdrawals made in currencies different from US dollars underlie conversion fees.
The broker offers 0% commission on stocks and does not charge stamp duty, ticketing fees, or markup and management fees, even when investing in portfolios and copying other traders. Stock investments aren’t subject to commission. The withdrawal fee is certainly not high. Forex rates apply to deposits and withdrawals not in US dollars.
Your credit card company or receiving or interim bank may levy fees of its own. There are no hidden costs or extra fees if you use CopyTrader, a trademarked proprietary platform. Each opened and copied position may incur spreads and an overnight fee.
On the plus side, it’s easy to invest in preset, thematic, and leading portfolios with eToro. The broker does charge a commission fee on the assets comprising each portfolio. There’s no commission on stock portfolios only.
The exchange supports a large number of tools and instruments in currencies like AUD, EUR, SEK, GBP, NOK, DKK, CZK, and PLN. The fee is 50 pips for all of these.
If you use Diamond, Sofort, iDEAL, or Trustly when making a deposit or withdrawal in GBP, EUR, or AUD via bank wire, you’ll be exempt from conversion fees automatically. If you’re a Platinum and Platinum+ member, you get half off.
The broker charges an inactivity fee of $10 a month if you haven’t logged in for a year or more. This is charged on your balance, if any. They will not close any open positions to cover the fee.