eToro Fees, Costs
Fees are always going to be a part of investing and if too high can lower your return significantly. Every investing platform has some fee or commission that you must pay because that is how the company makes money. This article will inform you of eToro fees and costs, one of the largest Social and Copy Trading platforms in the world. All about eToro fees:
eToro is free to join and use (no annual fees or commissions), the only costs are broker spreads and overnight rollover fees. The eToro spreads on each trade are arguably slightly higher than most brokers (e.g., 3 pips for EURUSD). The reason eToro has higher spreads than the rest of the industry is that the only broker available is the one eToro owns. Unlike on Zulutrade, another Copy Trading platform that has over 20 brokers to choose from leading to more choices and lower spreads. However, something that eToro has which most Copy Trading platforms don’t is the lack of slippage when copying a trader, which makes up for the higher spread. (Slippage is the difference in price the trader gets, and you get, usually 1-2 pips per trade.)
Depositing and Withdrawing Money
Accounts can only be opened and funded using USD $ if that is not your native currency take into consideration the actual currency conversion rate. Funding money on eToro is a quick and straightforward process; you can fund capital using:
- Debit/Credit card
- Wire transfer
To withdraw money, there is an average 5 day wait time to transfer to your account, though our experience is a little longer than 5 days. As well as, every withdrawal comes with a flat $25 fee.
Lastly, overnight eToro fees can vary from 1 to 5 percent depending on the assets and trade. Before you execute a trade, eToro displays the rollover fees, be careful because many traders keep positions open for weeks or months. Overnight fees can be an issue for long-term buy and hold investors.
Start for Free
If you want to experience the platform without risk and for free open a Demo Account. A Demo Account allows you to invest with $100,000 of paper money with no minimum deposit or fee. You also get to be a part of largest network of investors in the world. Don’t worry about eToro fees.
If you need more information about eToro fees or other topics do not hesitate to contact us, it will be a pleasure to assist you.
Remember that you have all the information about copy trading in our sections:
- Platforms: Information of each of the platforms of copy trading. Go to Platforms
- Guides: The best guides on copy trading. Go to Guides
- Reviews: Best reviews on copy trading platforms. Go to Reviews
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