We found 11 online brokers that are appropriate for Trading .
eToro is one of the best known online brokers, and traders are mostly concerned about the eToro fees. Some ask whether eToro is really free, while others want to know whether hidden charges exist. In this article titled eToro Fees, we will look at some of the significant aspects of the brokerage house.
As a leading online brokerage, eToro offers its users to trade several financial products via contracts for difference or CFDs.
Among the financial instruments offered are stocks, indices, ETFs, currencies, cryptocurrencies, or even commodities.
At eToro, fees are updated in real-time and always apply to open positions so they can change at any time, depending on conditions and the state of the market, thus, it is necessary for each user to regularly check the fees applied by the platform.
It should also be noted that trading hours vary depending on the available liquidity.
In the event that liquidity is insufficient or the underlying market closes earlier, the platform may resort to a late opening of the market, or even interrupt trading for the products concerned.
In this article, we will see the different types of fees at eToro.
Joining is completely free. eToro charges nothing for opening a trading account with them. A demo account is initially offered with virtual currency worth $100,000. With the help of the demo account, one can learn trading and get real exposure to the market.
Once experience is gained from a demo account, traders can open a real account and start trading with real money. It is here to understand that eToro charges fee in the form of spreads, overnight rates, and more.
The withdrawal fee in eToro is £5. Prior to that the withdrawal fee was previously £25.
Following a lot of criticism, eToro reduced its withdrawal fees to £5 which is more advantageous.
These are the easiest fees to understand, they are taken every time you withdraw your funds so it makes sense to avoid withdrawing too frequently.
The withdrawal fees applied by eToro are relatively high so it is better not to use it too frequently.
They range from £5 to £25 per withdrawal depending on the amount withdrawn and there is an indication of fee costings below for youorg
The deadline for receiving the amount is usually 1 to 2 working days, and with the bank transfers and credit card payments these can take from 3 to 8 days depending on your bank.
The minimum withdrawal limit is £30 and you cannot withdraw any amount less than £30.
For eToro, declining low amounts are just too expensive as a result of the payment methodology fees being too high.
Compared to alternative CFD brokers there are typical limits for withdrawal.
On the opposite side, there's no limit for larger amounts. You can withdraw any quantity you wish once it's over £30.
At eToro, you only trade in US dollars, so when you deposit funds in other currencies, they charge a conversion fee.
For example, you deposit $1,000 at the conversion rate of 1.1594, the current rate of the EUR / USD currency pair.
For €1, you get $1.1594. If there was no conversion fee for your €1,000, you would have approximately $1,159.
On eToro, the conversion fee for EUR / USD is 250 points or 0.0250 or 2.5%. We take the price of EUR / USD and subtract the 250 points: 1.1594 - 0.0250 = 1.1344.
After paying the conversion fee, you would have $1,134, which means you pay a $25 conversion fee, approximately €21.
The price difference between buy and sell price is called the spread. After opening an account, a trader sees a loss position. This is basically due to the spread fee. However, the actual spread is calculated when the position is closed. The spread here is adjusted based on the closing price.
An overnight or financing fee is charged when the position of a leveraged product is held overnight. It is like interest on the borrowed money. An overnight fee is also incurred over the weekend if the position is not closed. It is a triple overnight fee.
The overnight eToro fees for Apple CFD are 8.3%, EUR/USD currency pair is 3.7%, and EUR/GBP is 2.9%. Comparing with Plus500 and Markets.com, the eToro fees are lower.
There is no commission per trade on the eToro platform however, you pay a spread when you buy an asset.
The spread is the difference between the buying price and the selling price of an asset.
For commodities and currencies, the spread is measured in pip whilst stocks and cryptocurrencies have their percentage spreads.
As an example, let’s say you purchase the Facebook asset and the spread for that asset is 0.09%. The spread for the Facebook asset is therefore the share price multiplied by 0.09%.
So let’s say, to buy one Facebook stock you need $190,95 and to sell at $190,70. The real cost is usually around the middle, almost at 190.70.
If you are selling (shorting) you get this by $191.70*0.0009 = $0.17253 and if you are buying $190.95*0.0009 = $0.171855.
So, it is the stock value 0.09% that you receive the spread fee.
If you would purchase one Facebook share, you'd pay regarding $0.18 in spread fees on eToro. If you get five shares, you would pay nearly a $1.5. I hope this is clear enough to understand.
Like most trading platforms, eToro also charges a daily custodial fee, which is a small fee to lend you the money needed to keep your trades open between two trading sessions.
These fees only apply to your trades when you are using leverage.
There are two types of custody fees at eToro. eToro custody fees and LIBOR fees. EToro's custody fee is 6.4% for purchases and 2.9% for sales. LIBOR charges are an interest rate.
This rate is called LIBOR. This is the benchmark rate used by most international banks for short-term loans.
And it's constantly changing, you need to look at it when doing the maths.
Assume that the LIBOR for the dollar is 1.55%, and you invest $1000 in a US stock. eToro's custody fee for a long position is as follows: 6.4% + 1.55%) / 365 * 1000 = $0.22
The daily custody charge for a sell position is: (2.9% + 1.55%) / 365 * 1000 = $0.12.
Note that 365 is the number of days in a year.
Your real account is ready to receive funds to start trading on eToro and the minimum deposit is $200.
Once the eToro account is opened, it is very easy to make deposits and withdrawals.
Deposits are free, but there are some exceptions in the deposit, not all countries are the same in this point for example:
The USA and Australia can deposit only $50 and Lebanon, the Maldives, Venezuela, and Algeria have to deposit $5,000, with Israel requiring you to deposit $ 10,000.
When funds are deposited from a bank account, credit/debit card or wallet to a trading account, a small fee is charged, and this is called a deposit fee. There are no eToro fees for this.
If an account is left inactive for a specified period ranging between a few months to years, a small fee is charged and this is called an inactivity fee. eToro charges $10 per month as an inactivity fee if an account is left inactive for more than a year.
Leverage is borrowed money. Traders borrow it from brokerages to open a trade. Small capital is invested while the rest is loaned. This gives a larger exposure with minimal capital. Let's understand with an example. If the leverage is 10:1 for a traded volume worth $1,000, the trader needs to invest just $100, and the rest is fueled by the broker. Profits under such circumstances are magnified with the same ratio and loss is also multiplied. The loss may sometimes be more than the invested capital.
Even if eToro charges nothing for placing a trade, it incurs some non-trading fees. It charges $5 for withdrawing money from a trading account to a bank account, credit/debit card or wallet. It also charges an inactivity fee if an account is left inactive for more than one year. The eToro fees for inactivity are $10 per month.
However, eToro charges nothing if funds are deposited in a trading account from a bank, credit/debit card or wallet.
Let's sum up all eToro's fees with a deposit of €1000.
When we convert them to dollars, we receive $1159. Immediately, we will pay $25 in conversion fees. So we have $1,134 left, and then we can start trading.
When buying a $100 share CFD, a 0.09% spread fee will apply to our trade, so there is about a $9 spread fee.
Now we have waited a month and it turns out we picked the right title and it went up 30%. In this instance, we made just over $300 with the use of leverage and now have a total profit of $1,425.
Remember that there is a daily child care fee of 22 cents per day. After 30 days, the child care fee is $6.6. So, there is actually $1,418 in our account.
We decide to withdraw our profits and order a withdrawal of $284 to our online wallet or bank account. Before the money is sent to our account, there will be a withdrawal fee of $25, we end up receiving $259 in our wallet.
Now you have all the information you need regarding eToro fees.
eToro intuitive trading platform, in addition to allowing traders to copy from their more experienced peers, has also helped create interaction between traders in social trading.
This is what makes eToro so successful today, and the fact that so many traders use it.
We just talked about some of the aspects of eToro fees and found there are some hidden charges. At first instance, it seems the broker charges nothing for trading, but spreads and overnight fees sometimes can be a burden. Traders are suggested to compare eToro with other popular brokers, including Pepperstone, IG and XTB, to learn which is cheaper.
We found eToro charges a withdrawal fee, but Plus500 and Markets.com ask no such fee. However, the interactive period is more than the two. eToro charges nothing for one long year of inactiveness, while Plus500 and Markets.com start charging $10 per month only after 3 months of inactiveness.
Apart from all these, the overnight fee of eToro is less than Plus500 and Markets.com.
One broker can be the best for frequent traders, while others can be fit for inactive traders. It completely depends on requirements. Hence, it is suggested to first compare a couple of brokers before striking a deal.
If you are researching eToro make sure to read through the below eToro related guides. You will find something useful.
We've collected thousands of datapoints and written a guide to help you find the best brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top .
Compare min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are . Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more that accept clients
Broker |
eToro
![]() |
IC Markets
![]() |
Pepperstone
![]() |
FXPrimus
![]() |
Axitrader
![]() |
Swissquote
![]() |
AvaTrade
![]() |
forexmart
![]() |
phoenixmarkets
![]() |
ezinvest
![]() |
ETX Capital
![]() |
Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) | Financial Conduct Authority (FCA) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | 200 | 100 | No minimum deposit | 1000 | 250 | 1 | 500 | 500 | 100 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 17,000,000+ | 60,000+ | 10,000+ | 10,000+ | 10,000+ | 300,000+ | 200,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Spreads |
|
|
|
|
|
|
|
|
|
|
|
Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4,WEB,desktop | MT4,mac,Android.iPhone/iPad | MT4,mac,Android.iPhone/iPad | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with pepperstone |
Sign
Up with fxprimus |
Sign
Up with axitrader |
Sign
Up with swissquote |
Sign
Up with avatrade |
Sign
Up with forexmart |
Sign
Up with phoenixmarkets |
Sign
Up with ezinvest |
Sign
Up with etxcapital |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
Pepperstone Demo |
FXPrimus Demo |
Axitrader Demo |
Swissquote Demo |
AvaTrade Demo |
ForexMart Demo |
Phoenix Markets Demo |
EZINVEST Demo |
ETX Capital Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | BR, KR, IR, IQ, SY, JP, US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, JP | US | BE, BR, KP, NZ, TR, US, CA, SG | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL | US, BE, CA , SG, BE |
You can compare ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top for 2021 article further below. You can see it now by clicking here
We have listed top below.