Minimum Deposit eToro 2018 – Changes have been made
Introduction
Attention future eToro investors, the minimum deposit eToro has been increased. One of the biggest platforms in Social trading has started 2018 by raising the minimum amount of capital needed to open a new account. This article will tell you why and how the minimum deposit has changed.
Why the Minimum Deposit Amount Changed
eToro has been gaining a massive amount of users in 2017 and has become one of the leading social trading platforms in the world. In recent times the minimum deposit eToro was kept low to encourage the growth of new users. The focus has shifted because with more users comes more expenses to maintain and continue improving the platform. Thus, the minimum deposit has been raised to be able to keep providing quality service to the users that are already registered.
How the Minimum Deposit Changed
eToro has decided to raise the minimum deposit in order to improve the quality of service offered to its clients. This is not new, with the platform raising the minimum from $50 to $200 and now recently increasing to $500 in 2018. This may seem like a staggering barrier to entry for customers struggling with capital, but lets see how it actually protects new users.
Raising the minimum deposit protects new users
Many times playing it safe with a small initial deposit can actually be the most dangerous thing to do. Diversification is a key principle in investing and in order to diversify properly a certain amount of capital is necessary. Clearly, $50 is not a sufficient amount of capital to limit risk and leads to many investors losing it all. A higher capital of $500 leads to better diversification and a greater responsibility by the investor. In turn, having an increased minimum deposit not only help eToro, but the users using the platform as well.
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- Minimum Deposit: between $200 and $500. (Account: USD)
- Trading: Manual Trading, Copy Trading, Copy Funds.
- Markets: Forex, Crypto, ETFs, Stocks, Indices, Commodities.
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