How much is the eToro Minimum Deposit?

How much is the eToro Minimum Deposit?

etoro minimum deposit

The broker offers a fair first time minimum deposit so that anyone can start trading, whatever their trading budget may be.

 

In this article we will be taking a look at the eToro minimum deposit amount, as well as the payment methods accepted to make the transfer of the funds.

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eToro Minimum Deposits

When you start trading online, each broker will require you to make an initial deposit of funds to our account. This first time deposit is needed so that your account has funds ready for you to start trading.

All brokers set a fixed amount for the initial first deposit, then any deposits made after that are usually set to a lower price. This is done so that traders have more control over how much they wish fund their accounts in the future.

For eToro the first time minimum deposit is just $200 and you can open an account easily from the button below.

However, the minimum deposit amount can change depending on your country of residence. For instance if you’re a resident of Australia or the United States, the eToro minimum deposit is $50. 

An important note is that for Australian & US traders the first minimum deposit is only $50.

When the money is accredited to your account you will be able to start trading.

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*62% of traders lose their capital

 

Additional eToro Deposits

It’s good to remember that once the first time deposit is made, all other future deposits made on the platform need to be at least $50. This applies to all countries.

This is important to point out so traders realise that they don’t have to pay $200 each time they wish to add new funds to the account.

The fact it starts from $50 for all additional deposits is great as you have more flexibility with the amounts you wish to spend.

Click the button below to open a free eToro account.

Open a Free eToro Account

*62% of traders lose their capital

 

Deposit Country Exceptions

Whilst the initial minimum deposit with eToro is only $200, we also want to point out that this can change based on your country of residence.

For example if you are a resident in Australia, the first time minimum deposit is $50. This is also the same amount if you live in the USA and want to use eToro USA.

If you’re residing in either China, Russia, Hong Kong, Macau or Taiwan then the eToro minimum deposit is $500.

Click the button below to open a free eToro account.

Open a Free eToro Account

*62% of traders lose their capital

 

eToro Payment Methods

There are many ways that you can make your deposit with this broker. The broker accepts the following methods:

  • Credit/Debit Card- MasterCard, Visa, Maestro & Diners Club
  • Electronic Wallets- PayPal, Skrill, WebMoney & Neteller
  • Bank/Wire Transfer Deposit
  • Yandex & Giropay
  • Other local banking deposit methods

In terms of how long the transaction process takes, it all depends on which payment method was used.

For instance, with credit card or one of the electronic wallet options the money will be transferred to your account instantly.

For wire or bank transfer it can take from 3 to 5 working days for the funds to come through.

Click the button below to open a free eToro account.

Open a Free eToro Account

*62% of traders lose their capital

 

How to Make the eToro Minimum Deposit

It takes a few minutes to deposit money to your account. Just follow the steps below and decide which payment method you want to use:

  1. Make sure you’re logged in to your trading account
  2. When logged in, you’ll the see the option to ‘Deposit Funds‘. This is normally shown from the control panel. Click on it.
  3. Select the currency with which you want to make the deposit and the amount
  4. Then select your preferred payment method. Follow the payment steps for the chosen payment method as shown on the screen.Click the button below to open a free eToro account.

Open a Free eToro Account

*62% of traders lose their capital

 

eToro Minimum Deposit with no USD Currency

Currently the eToro platform only operates in USD.

This means that if you make the deposit in another currency, then the broker will automatically convert the money into USD.

For example, if your local currency is EUR, during the deposit stages your money will be converted from EUR to USD by eToro.

The conversion rate will be shown on the deposit window during the process.

 

Is making a deposit in eToro Secure?

Yes, the complete deposit process is fully safe and secure.

The broker uses SSL (Secure Socket Layer) technology to make sure that all personal info is protected.

This also helps to keep your payment and credit card details safeguarded against theft and fraud online.

eToro is also a fully regulated broker which means it has to follow financial rules put in place to protect traders against scams.

Currently the broker has regulation licences to operate from CySEC (no.109/10) and the Financial Conduct Authority (no.583263).

Regulation rules make sure that the broker keeps your personal funds separate from the cash used to run the company operations of the company. The segregation of funds and accounts is a legal essential for any reputable business.

Regulated platforms like eToro must also let you withdraw your funds when you wish. You just need to have your account validated so that the broker can make sure that the withdrawn funds are being returned to the rightful owner.

To make sure that these rules are being followed, the broker is regularly audited and monitored by the regulation authorities.

You can be reassured that eToro is a legit broker and not a scam.

Click the button below to open a free eToro account.

Open a Free eToro Account

*62% of traders lose their capital

 

You can learn more about eToro UK minimum deposit and the minimum deposit in eToro USA here.

If you are an American Trader you can learn about the eToro demo and minimum deposit eToro in USA here.

Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62 % 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.

Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection.

Past performance does not guarantee future results. Trading history presented is less than 5 years and may not suffice as basis for investment decision.

Marco Sbalchiero

Author of this article and founder of Tradingonlineguide.com

My aim is to help you increase your trading knowledge with helpful content. I come from an economic background and have a strong passion for forex trading. With more than 6 years in the online trading world, I want to share my financial knowledge so that anyone can develop their investment skills.

In my spare time I enjoy cooking and travelling.

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