Wikitoro author Mike Druttman
Written by Mike Druttman
Wikitoro reviewer Nadav Zelver
Reviewed by Nadav Zelver

eToro does not charge fees for depositing funds into your account, regardless of the payment method you use. However, it's important to be aware of certain aspects related to currency conversion.

 

Currency Conversion Fee

eToro accounts are denominated in US dollars (USD). If you make a deposit in a different currency, a conversion fee will apply. This fee varies depending on the currency and payment method and can range from 50 to 150 pips. For example, when depositing euros (EUR), you could incur a conversion fee of approximately 150 pips, which is equivalent to 1.5% of the deposited amount.

 

Take note that USD deposits are free of charge. For deposits in other currencies, the conversion fee applies.

To avoid additional charges, I recommend depositing your funds in USD whenever possible.

 

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Wikitoro author Mike Druttman About Mike Druttman

Mike Druttman, Head of Content at Wikitoro.org, has decades of expertise in marketing communications and business matching. Educated at the CAM Foundation and the Chartered Institute of Marketing, Mik...

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