eToro Fees: What Can You Expect?

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10 min read/Updated: 19.10.2020

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.

  1. Trading Fees – deposit, commission, spread cost, conversion fee and overnight fund, cryptocurrency fees
  2. Non-Trading Fees – withdrawal, inactivity, crypto transfer fee and management fee

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

eToro Trading Fees

Under trading fees, eToro charges incur on spread costs, currency conversion fees, overnight funding, and cryptocurrency fees.Traders can find the spread costs on each instrument easily on the platform. While the conversion fee varies on the payment method, the overnight funding is fixed for all open positions on CFD products.

Let's first take a look at some of the day-to-day trading fees you need to be aware of.

  • Deposit Fees
  • Transaction & Commission
  • Spread Cost
  • Currency Conversion Fees
  • Overnight Funding
  • Cryptocurrency Fees

eToro 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.

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eToro 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

eToro Currency Conversion Fees

All deposits and withdrawals are in US 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.

eToro Currency Conversion Fees via Wire Transfer, iDEAL and Sofort

Instrument 

Conversion Fee Upon Deposit & Withdraw

AUD USD

50 pips

EUR USD

50 pips

GBP USA

50 pips

when depositing or withdrawing AUD, EUR and GBP via wire transfer, iDEAL, Sofort and Giropay, Diamond members are automatically exempt from conversion fee. Platinum and platinum members receive 50% discount. Read more about the offers of the eToro club.

eToro Currency Conversion Fees via Credit Card, Paypal, Skrill, Neteller, Rapidtransfer, Union Pay and Local Online Banking

Instrument 

Conversion Fee Upon Deposit

Conversion Fee Upon Withdrawal

AUD USD

100 pips

50 pips

EUR USD

150 pips

50 pips

GBP USD

50 pips

50 pips

MYR USD

200 pips

200 pips

RMB USD

400 pips

400 pips

PHP USD

2500 pips

2500 pips

THB USD

35 pips

35 pips

eToro Rollover or 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


eToro Non-Trading Fees

Non-trading fees are fees that occur related to some operations you make in your account, such as depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

eToro non-trading fees include

  • Withdrawal Fees
  • Inactivity Fees
  • Crypto Transfer Fees
  • Management Fees

eToro 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.

eToro 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 inactivity fees.

eToro Inactivity Fees vs. Other Brokers

eToro

Plus500

Markets.com

Inactivity Fee

Yes

Yes

Yes

Inactivity Fee

$10 per month after 1-year inactivity

$10 per month after three months inactivity

$10 per month after three months inactivity

eToro 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.

eToro 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.

Further Reading

FAQs

eToro is commission-free. But some fees that are chargeable on eToro include.

  • Spread cost
  • Currency conversion
  • Overnight Funding
  • Cryptocurrency Fee
  • Withdrawal Fee
  • Inactivity Fee
  • Management Fee

Overnight financing is a fee that you pay to hold a trading position overnight on leveraged trades; it is essentially an interest payment to cover the cost of the leverage that you use overnight. The weekend fee is a fee applied for keeping a position open from Friday to Monday.

Yes. The minimum amount to withdraw is $30, and the withdrawal fee is $5.