You want to sign-up for eToro, but what are the fees..? Look no further! Here’s everything you need to know about eToro fees and commissions in 2023, broken down into digestible sections. Let’s dive in!
Key Takeaways
| →🌟 eToro offers commission-free stock trading |
| →💸 Some fees apply, including withdrawal and inactivity fees |
| →🌙 Overnight fees for certain instruments |
| →📈 CFD trading involves spreads and overnight fees |
1. Trading Fees: The Main Course 🍽️
Table of content
- 1. Trading Fees: The Main Course 🍽️
- 🎯 Stocks and ETFs: Zero Commissions! 🆓
- 📈 CFDs: Spreads and Overnight Fees 😴
- 2. Account Fees: The Side Dish 🥗
- 🏦 Deposit Fee: None! 🎉
- 💳 Withdrawal Fee: Small, but Necessary 💼
- 🕒 Inactivity Fee: Use It or Lose It 🏃
- 3. Overnight Fees: Don’t Sleep on These 🌃
- 4. The Pros and Cons: Weighing Your Options ⚖️
- 5. Wrapping It Up: The Bottom Line 🏁
- Read related topics: • Full updated eToro Review📝
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- GENERAL RISK WARNING
- Author & Expert Trader - Financial Analyst :
eToro is known for its commission-free stock trading, but some fees apply to other instruments. Here’s a breakdown of the trading fees you might encounter:
🎯 Stocks and ETFs: Zero Commissions! 🆓
With eToro, you can buy and sell stocks and ETFs without paying a dime in commissions! This applies to both long and short positions, as well as leveraged trades. Ka-ching! 💰
📈 CFDs: Spreads and Overnight Fees 😴
For CFD trading, eToro charges spreads and overnight fees. These vary depending on the instrument, as shown below:
| Instrument | Fees |
|---|---|
| Currencies | from 1 PIP |
| Commodities | from 2 PIPs |
| Indices | from 100 PIPs |
| Stocks & ETFs (CFDs) | 0.09% |
Note: Spreads are variable and subject to change. For an in-depth look at eToro’s CFD fees, check out their fees page.
2. Account Fees: The Side Dish 🥗
Opening an account is free on eToro! eToro doesn’t charge fees for account opening or management, but there are some fees to keep in mind:
🏦 Deposit Fee: None! 🎉
When you make your first deposit, eToro won’t charge you a cent. Plus, you’ll receive $100,000 in virtual funds for practice trading. Sweet deal! 😎
💳 Withdrawal Fee: Small, but Necessary 💼
Withdrawing funds from your eToro account incurs a $5 fee to cover international transfer costs. The minimum withdrawal amount is $30. Keep in mind that if you’re using a different currency, conversion fees may apply.
🕒 Inactivity Fee: Use It or Lose It 🏃
If your account remains inactive for 12 months, eToro will charge a $10 monthly fee until you resume trading or your balance reaches zero.
3. Overnight Fees: Don’t Sleep on These 🌃
Overnight fees apply when you hold certain positions (such as CFDs, currencies, and commodities) open past 21:00 GMT. These fees cover the cost of leverage used overnight and differ for long and short positions. On weekends, the fee triples and is charged on Wednesday or Friday, depending on the instrument.
To calculate the exact overnight fee for a position, use the formula: fee * amount in units. For more information, consult eToro’s ‘Trading Conditions’ tab.
4. The Pros and Cons: Weighing Your Options ⚖️
👍 Pros:
- 🔹 Commission-free stock trading
- 🔹 User-friendly platform and easy account setup
- 🔹 Wide range of trading instruments
- 🔹 No deposit fees and reasonable withdrawal fees
- 🔹 Strong educational resources and customer support
👎 Cons:
- 🔸 Forex fees may be on the higher side
- 🔸 Inactivity fee if not trading for 12 months
- 🔸 CFD trading involves spreads and overnight fees
5. Wrapping It Up: The Bottom Line 🏁
In summary, eToro is a great choice for commission-free stock trading, boasting a user-friendly platform and a wide range of instruments. However, forex fees and other fees such as withdrawal and inactivity fees may apply. It’s important to stay informed about the latest fees and trading conditions to make the most of your trading experience.
Have more questions about eToro’s fees and commissions? Drop them in the comments below or visit eToro’s fees page and Terms and Conditions for more information. And remember, trading involves risks, so always consult a financial advisor before making decisions. Happy trading! 🚀
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GENERAL RISK WARNING
- ▸eToro is a multi-asset platform that offers: Stocks, Crypto assets, and CFDs.
- ▸CFDs are complicated and can make you lose money quickly because of leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. Think about if you understand how CFDs work and if you can afford to take the risk of losing your money.
- ▸Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
- ▸Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
- ▸Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
- ▸eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity-specific information about eToro.
Be warned!
Author & Expert Trader - Financial Analyst :
