How to Deposit on eToro?

Written by Nadav Zelver

Reviewed by Wikitoro Team

To deposit on eToro, log in to your account and click the "Deposit Funds" button. Enter your desired amount, choose your payment method, and then click "Deposit" to confirm the transaction. A confirmation will appear once the deposit has been processed successfully.

A crucial step in trading with eToro is depositing funds. While it's straightforward from my experience, there are some nuances you should be aware of. Here's my guide on how to effortlessly fund your account.

Account Verification is Mandatory

Remember, before making your first eToro deposit, you must:

1. Open an account: Registering on eToro is straightforward. The platform will guide you through each step.
2. Complete your profile and verify your account: Verification is mandatory because eToro needs to comply with financial service regulations.

⏱️How long will it take? The verification process on eToro can take several days. You'll be informed when it's complete. If there's a green tick next to your username in your profile, your account is verified.

Deposit Methods You Can Use

The deposit methods available on eToro vary by country. Generally, these are the most common options:

• Credit/debit cards
• Bank transfers

If you're unsure about the methods available for your region, simply visit the deposit page. It will display all supported payment methods for your account, allowing you to choose the one that's most convenient for you.

How to Make a Deposit with eToro?

If your account is verified and you've identified a supported payment method, you're ready to deposit. Here are the simple steps to deposit on eToro:

1. Log in to your account.
2. Click "Deposit Funds" found on the lower left of your screen.
3. Enter your desired amount and choose your currency.
4. Select payment method (Credit/Debit Cards, PayPal, Wire, Online Banking etc.)
5. Click "Deposit" to confirm deposit transaction.
6. You will get a confirmation if the deposit has been processed successfully.

What's the Proccessing Time?

Deposits aren't always instant. The processing time varies based on your payment method. Keep this in mind when planning your trades.

• Card deposits and e-wallets like PayPal and eToro Money were almost instantaneous, perfect for impromptu trades.
• Bank transfers required planning, often taking a few days.

Troubleshooting from Experience

On the rare occasion I faced deposit delays, here are the common things that I did:

• I confirmed with my bank about the hiccup. It's best to cross-check the issue with your payment service provider.
• Checked if I missed any notifications from eToro, particularly via the eToro Status page. A scheduled maintenance or outage can also affect deposits.
• When in doubt, their support was always responsive and helpful. Live chat support was the fastest option.

Key Takeaways

Depositing can feel overwhelming at first, but it gets easier with practice. Just follow the right steps and understand the requirements, and you'll be set.