eToro supports more than 20 currencies for deposits, such as USD, EUR, GBP, and AUD. However, the specific currencies available to you depend on your country of residence and the eToro entity handling your account. As a result, not all supported currencies may be visible or accessible to every user when making a deposit.
61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
As an active trader on eToro, I was curious about the range of currencies the platform accepts for deposits. To get a clear picture, I delved into my own trading account, scoured eToro's website, and consulted their support pages. My findings revealed that they support over 20 different currencies, which I've detailed in this table for easy reference:
| Country | Local Currency |
| Australia | AUD |
| Czech Republic | CZK |
| Denmark | DKK |
| European Countries | EUR |
| Hungary | HUF |
| Indonesia | IDR |
| Malaysia | MYR |
| Norway | NOK |
| Philippines | PHP |
| Poland | PLN |
| Singapore | SGD |
| Sweden | SEK |
| Switzerland | CHF |
| UK | GBP |
| USA | USD |
| Vietnam | VND |
An interesting aspect I discovered is that the range of available currencies varies based on your country of residence. In my personal experience, when attempting to deposit funds, I was presented with only a few options: USD, EUR, GBP, and AUD.
This prompted me to reach out to eToro's support team for clarification. They confirmed that the currency options indeed depend on your country of residence and the specific eToro entity managing your account. This means that while this broker supports a diverse array of currencies, not all of them will be visible or available to every user during the eToro deposit process.
My investigation confirmed that eToro does accept a variety of currencies for deposits. However, it's important to note that the options available to you will be limited based on your geographical location and the eToro entity you are associated with.
This insight is crucial for traders looking to fund their accounts, as it helps in planning and executing deposits in the most convenient currency available to them.
About Nadav Zelver