Page Summary
The minimum initial deposit helps you decide which brokerage firm suits your needs best. eToro has an initial deposit requirement of $200. This amount varies depending on the funding method and account types you choose.
| eToro | XTB | Trading 212 | |
|---|---|---|---|
| Minimum deposit | $100 | $0 | $1 |
This article discusses the specifics of minimum deposit fees at eToro.
Fees & Funding Options
eToro is an excellent online broker who won’t deduct anything from your deposits. After you cover the required deposit amount, you won’t have to pay a commission for transferring funds. eToro has three main funding options: credit/debit card, electronic wallets, and bank transfers.
The average transfer time depends on the funding option you choose. A bank transfer might take as long as three days. Credit/debit cards and online wallets require only a few hours.
Pros
- Credit/Debit card deposit
- No deposit fee. A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
- Depositing is user-friendly
Cons
- Only one account base currency
Fees & Funding Options
| eToro | XTB | Trading 212 | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes |
Currencies
All trading accounts come with a base currency. The number of base currencies at eToro is 1 (USD). You’ll have to pay a conversion fee if you deposit in a different currency than the base currency of your eToro account. The best way to save money on conversion fees is to use a multi-currency digital bank account.
Currencies Comparison
| eToro | XTB | Trading 212 | |
|---|---|---|---|
| Number of base currencies | 1 | 5 | 9 |
Sending The Minimum Deposit
Funding your eToro account is straightforward. The steps are:
- Create a brokerage account;
- Verify your information;
- Log in to your account and select a funding option;
- Verify the funding transaction;
- Initiate the funding process.
Final Verdict
eToro has a low minimum required deposit and a smooth sign-up process. However, it offers only one base currency, which might lead to additional conversion costs. Read detailed information about the funding process at eToro in our in-depth reviews.
eToro compared to other brokers:
eToro review
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
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.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.