eToro Fees Spreads and Commission varies according to the account type which the trader is using. eToro’ offers a fixed 0,9 spread per side on EUR/USD. Traders can expect overnight fees or swap fees that will be applicable when positions are held for longer than one trading day.
| 🔍 Broker | eToro |
| 📌 Spreads From (pips) | 1 pip |
| 💳 Commissions | zero commission |
| 📌Open an Account | 👉 Click Here |
Min Deposit USD 50 in *certain countries Regulators FCA, ASIC, CySEC Trading Platform Proprietary WebTrader Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours * Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
eToro Fees Spreads and Commission Revealed – A Key 8 point Overview
- ✅eToro’s Fees and Spreads
- ✅General Fees
- ✅Additional Trading Fees
- ✅eToro’s Broker Fees
- eToro at a glance
- eToro Fees and Spreads Pros and Cons
- Conclusion
- Frequently Asked Questions
👉 Here is our overview of the eToro Fees Spreads and Commission as well as the features that are offered, which could affect your trading.
eToro’s Fees and Spreads
💰 eToro’ offers a fixed 0,9 spread per side on EUR/USD. eToro is quite straightforward when it comes to fees, there is a flat-rate fee of 5 USD which is equivalent to 80 ZAR on all withdrawals, the minimum withdrawal amount is 30 USD/ 480 ZAR and they do not charge deposit or clearance fees.
👉 The Long (BUY), non-leveraged stock and ETF positions do not get executed as CFDs and therefore do not incur commission, however, they do incur conversion and withdrawal fees.
General Fees
| 💰 Deposit Fee | Free |
| 💰 Withdrawal Fee | $5 / 80 ZAR |
| 💰 Conversion Fees | from 50 PiPs |
| 💰 Inactivity Fee | $10/ 160 ZAR (Month) |
👉 eToro will charge an overnight or weekend fee for CFD positions, these include leveraged positions and short (SELL) orders. More information on eToro market hours, current spreads, and overnight fees can be found on the company’s homepage. Since eToro fees are subject to change without notice, traders are encouraged to visit the page to keep updated on its current fees.
eToro Additional Trading Fees
👉 When trading financial instruments such as forex, traders can expect that overnight fees or swap fees will be applicable when positions are held for longer than one trading day. eToro does provide for an Islamic Account for Muslim traders who follow the Sharia Law and are prohibited from earning or paying interest where the holding of open positions is concerned.
👉 The eToro support team can be contacted to find out whether spread betting is allowed and what spread betting fees would apply.
eToro’s Broker Fees
👉 eToro does not charge deposit fees but does charge inactivity fees of $10 which is equivalent to 160 ZAR. Should traders transfer fees in a currency that is different from their account base currency they may be subjected to currency conversion fees.
👉 No withdrawal fees are charged.
eToro at a glance
| Broker's Name | eToro |
| 📍 Headquartered | Limassol, Cyprus |
| 📅 Year Founded | 2006 |
| ⚖️ Regulating Authorities | FCA, ASIC, CySEC |
| 📃 License number: | 109/10 |
| 🌐 Countries not accepted for trade | Afghanistan, Albania, Bahamas, Barbados, Belarus, Bosnia and Herzegovina, Botswana, Brunei, Burundi, Cambodia, Canada, Chad, Congo Republic, Crimea Region, Cuba, the Democratic Republic of the Congo, Ethiopia, Fiji, Ghana, Guinea, Guinea-Bissau, Guyana, Iran, Iraq, Jamaica, Japan, Laos, Libya, Mali, Mauritius, Mongolia, Montenegro, Myanmar, Namibia, Nicaragua, North Korea, North Macedonia, Pakistan, Palau, Samoa, Serbia, Somalia, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Turkey, Uganda, Vanuatu, Yemen, Zimbabwe. |
| 📒 Account Types | Retail Professional |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 20:1 |
| 💰 Minimum Deposit | 50 USD/ 800 ZAR |
| 💳 Deposit Options | Credit Card (Visa, MasterCard, Diners Club, Maestro), PayPal, Neteller, and Skrill. |
| 💳 Withdrawal Options | Credit Card (Visa, MasterCard, Diners Club, Maestro), PayPal, Neteller, and Skrill. |
| 💻 Platform Types | Proprietary WebTrader |
| 📈 Tradable assets offered | Commodities, Crypto assets, Currencies, Indices, and ETFs. |
| 📱 OS Compatibility | Desktop platform (Windows), Desktop platform (Mac), Web platform Mobile trading: Android, iOS |
| 👨💼 Languages supported on Website | English, Spanish, Italian, Dutch, Russian, Chinese, French, Arabic, Chinese traditional, Polish, German, Norwegian, Portuguese, Swedish, Czech, Malay, Danish, Romanian, Vietnamese, Thai, and Finnish |
| 👥 Customer Support Languages | English, Spanish, Italian, Dutch, Russian, Chinese, French, Arabic, Chinese traditional, Polish, German, Norwegian, Portuguese, Swedish, Czech, Malay, Danish, Romanian, Vietnamese, Thai, and Finnish |
| 📆 Customer Service Hours | 24 hours, five days per week. |
| 📌Open an Account | 👉Click Here |
|---|
Min Deposit USD 50 in *certain countries Regulators FCA, ASIC, CySEC Trading Platform Proprietary WebTrader Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours * Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
eToro Fees and Spreads Pros and Cons
| ✔️ Pros | ❌ Cons |
| Free stock and ETF trading in the EU | High forex fees |
| Low CFD fees | Only one account base currency used |
| Low minimum deposit | There is a withdrawal fee charged |
| No commissions charged | Withdrawing money is slow and expensive |
| No deposit or withdrawal fees charged | |
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Conclusion
eToro exists as a social trading brokerage firm that places its focus on the provision of Copy-trading services and takes pride in being the world’s best social trading platform in the way it offers investment opportunities in both stocks and digital currencies (cryptocurrencies).
Currently, eToro focuses on the provision of social and copy trading services to its more than 10 000 000 platforms distributed across the world. With its unique platform, account owners can mimic the trading strategies of successful clients automatically and in real-time. It also provides multiple other tools to help with actual trading, such as an economic calendar.
Frequently Asked Questions
How many instruments can I trade with eToro?
You can trade several different instruments with eToro, which include the following:
- Commodities
- Crypto assets
- Currencies
- Indices
- ETFs
Which platforms are supported by eToro?
eToro provides the popular trading platform Proprietary WebTrader.
Does eToro offer leverage?
Yes, eToro offers maximum leverage of up to 1: 20.
Does eToro charge inactivity fee?
No inactivity fee is charged by this broker.
What spreads can I expect with eToro?
eToro offers a fixed 0,9 spread per side.
Since details on the website are not clearly enough stipulated, more information should first be obtained from the customer support service to make an informed choice.
Does eToro charge commission?
eToro offers commission-free trading.
Are there additional charges on the Islamic account?
eToro does offer an Islamic Account. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees.
New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.
Is eToro regulated and by whom?
eToro is regulated by the FCA, ASIC and CySEC.
Is eToro a recommended forex trading broker for experts and beginners?
eToro offers a fair-trading environment for most types of traders.
What is the overall rating out of 10 for eToro?
7/10.
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
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