Does eToro Have a Daily Fee?

Written by Nadav Zelver

No, eToro does not have a daily fee. During my extensive use of the platform, which included activities like depositing, trading, withdrawing, and transferring crypto, I did not encounter any daily charges. The fees incurred were specific to particular activities or requests, such as trading fees and withdrawal fees, but there were no daily fees.

Debunking the Myth: Is There a Daily Fee on eToro?

In the intricate world of online trading, understanding fee structures is crucial for every investor. A question that often surfaces among eToro users is whether the platform charges a daily fee.

To address this query with accuracy and from a place of experience, I embarked on a detailed exploration of this broker's fee system. This article is an account of my actual findings and a reflection of my direct interaction with the platform, scrutinizing every aspect of its fee structure.

My In-Depth Exploration of eToro's Fee Structure

1. Initial Deposit: My journey began with funding my eToro account. As I made the deposit, I meticulously monitored my account for any unexpected daily deductions. To my relief, there were none. The process was straightforward, with no hidden daily charges.
2. Engaging in Trading: Trading various assets is where hidden fees often lurk. I engaged in trading stocks, cryptocurrencies, and other assets, vigilantly watching for any daily fees. Despite my active trading, eToro did not levy any daily charges. The eToro fees I encountered were specific to the trades themselves, such as spreads and commissions, but no daily fee was in sight.
3. Withdrawing Funds: Withdrawing funds can sometimes unveil hidden costs. I proceeded with a withdrawal, half-expecting a daily fee to suddenly appear. However, eToro only charged a standard $5 withdrawal fee, with no daily charges added.
4. Re-deposits and Crypto Transfers: I further tested the waters by re-depositing funds and transferring cryptocurrencies to my eToro wallet. These actions, too, were free from any daily fees. While there were transaction-specific fees, like crypto transfer fees, a daily charge was conspicuously absent.
5. Overnight Fees: It's worth noting that while eToro does charge overnight fees for certain trades, these are not daily account fees but are specific to the positions held overnight.

In Summary

My thorough examination of eToro's fee structure – including deposits, trading, withdrawals, and more – has led me to a clear conclusion. At no point during my extensive use of the platform did I encounter any daily fees. The charges I did incur were always tied to specific activities or requests, such as trading fees, withdrawal fees, and crypto transfer fees. 

In conclusion, my hands-on experience with the platform has effectively debunked the myth of daily fees. That means you only get charged for the actions you undertake, with no hidden daily costs.