eToro Fees: What Can You Expect?

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10 min read/Updated: 30.07.2020

etoro fees

eToro is a leading online trading platform that allows you to trade on over 2,000 CFD  financial instruments, as well as ETFs, stocks and crypto-assets.

In this guide to eToro fees and commission charges, we’ll be taking a look at the various trading and non-trading fees you need to be aware of before you start trading.

For more detailed take a look at this broker, check out our eToro review otherwise let’s get started.

TRADING FEES

To make things easier for you, we've broken fees & commissions down into two categories: trading and non-trading fees. Let's first take a look at some of the day-to-day trading fees you need to be aware of.

DEPOSIT FEES

eToro does not charge deposit fees. All deposits to your eToro trading account are only in US dollars and would, therefore, incur a conversion fee if you fund your account in any other currency.

You can deposit funds into your trading account via:

  • Bank wire, online banking
  • Debit/Credit cards
  • iDEAL, Sofort, Giropay, PayPal, Skrill, Neteller, RapidTransferAll the fund deposit methods are easily accessible on the eToro CFD platform

All fund deposit methods are easily accessible on the eToro CFD platform. Simply click ‘Deposit Funds' and choose your payment method in the dropdown menu.

etoro deposit fees

TRANSACTION & COMMISSION FEES

eToro does not charge a commission on investments in stocks, ETFs and cryptocurrencies. When it comes to CFDs, although the broker states that they do not charge ticket fees, we suggest you check with the broker before signing up.

SPREAD COST

Clients signing-up with eToro would find that the spread contributes significantly to total trading costs. The bid-ask difference varies across financial instruments, asset classes and the charges are visible while exiting positions.

Unlike a majority of CFD brokers who include the fractional pip to calculate spreads, eToro does not. So, you might find the bid-ask difference a little higher compared to the other brokers.

eToro makes it incredibly easy to see the spread cost on any given instrument, from crypto to indices and stocks.

To view spreads, head to ‘Trade Markets' and select the filter option in the top right-hand corner and select your instrument of choice:

etoro spread costs

We really like the fact that spread costs update in real-time:

etoro live spreads

CURRENCY CONVERSION FEES

All deposits and withdrawals are in UD dollars. So, if you fund your account in any other currency, there would be a currency conversion fee. The conversion fee varies on the payment method, is charged for both deposits and withdrawals and could range from 50 pips to 25,000 pips depending on the currency pair.

Diamond members depositing/withdrawing funds in EUR, AUD, or GBP do not have to pay currency conversion fees while Platinum and Platinum+ members receive a 50% discount.

The following table highlights the currency conversion fees across payment methods

etoro currency conversion fees table

 

OVERNIGHT FUNDING

The rollover or overnight fee is applicable for all open positions on CFD products. The overnight fee comes into effect at 21:00 GMT, Monday-Friday. The 3X weekend fee is payable on Friday for stocks, ETFs, index CFDs and every Wednesday for currencies, commodities, cryptocurrencies.

In the case of non-leveraged long positions in equities, ETFs and cryptocurrencies, eToro does not charge the overnight or rollover fees. This fee structure is available to all eToro clients except those in the US.

The charges are clearly visible at the bottom of the trade window on the eToro platform:

etoro overnight fees

Cryptocurrency Fees

Depending on which cryptocurrency you're trading, you will be charged a fee on your transactions. This also includes transferring funds. The table below highlights the transfer fees for various cryptocurrencies:

etoro crypto fees


NON-TRADING FEES

WITHDRAWAL FEES

While eToro does not charge a deposit fee, there is a $5 withdrawal fee that the broker charges to cover its international money transfer expenses.

INACTIVITY FEES

eToro charges an inactivity fee of $10 per month if there is no login activity in your account for more than 12-months. However, the good news is that the broker would not close out your open positions to cover the fee.

CRYPTO TRANSFER FEES

eToro allows traders to transfer cryptocurrencies from the platform to the eToro Wallet. Irrespective of the digital currency, a transfer fee applies.

MANAGEMENT FEE

eToro does not charge management fees for holding assets in the stock investing account.


ETORO FEES SUMMARY

Our review of the eToro fees shows that the broker’s primary revenue stream is from the spread. The broker does not charge a transaction or commission fee regardless of whether you sign-up for CFD trading or an investment account. Besides, you do not have to pay separately to copy trades of other investors nor does eToro charge for deposits. However, the other fees linked to currency conversion, crypto transfers and fund withdrawals certainly lead to higher trading costs.