{"id":512391,"date":"2023-03-21T11:00:17","date_gmt":"2023-03-21T11:00:17","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=512391"},"modified":"2024-03-26T13:38:56","modified_gmt":"2024-03-26T13:38:56","slug":"etoro-minimum-deposit","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/etoro-minimum-deposit\/","title":{"rendered":"eToro Minimum Deposit Amount: Everything You Need to Know"},"content":{"rendered":"\n

With its vast array of trading options, including commodities, forex, and reserves, it's easy to see why eToro is such a popular platform.<\/p>\n\n\n\n

Knowing the eToro minimum deposit amount is essential when using this financial services company. It impacts almost every aspect of your planning and using your eToro account.<\/p>\n\n\n\n

This article will look at the eToro minimum deposit required and other aspects that affect your deposit transactions.<\/p>\n\n\n\n

\"etoro<\/figure>\n\n\n\n

What Is the eToro Minimum Deposit Amount?<\/h2>\n\n\n\n

There are two sets of eToro minimum deposit amounts: one for initial deposits, and one for subsequent deposits. These are further affected by whether you have a retail account or a corporate one. Let's take a look:<\/p>\n\n\n\n

Personal Retail Investor Accounts<\/strong><\/h3>\n\n\n\n

The deposit values vary significantly for both retail CFD accounts and corporate accounts, depending on the user's location.<\/p>\n\n\n\n

The minimum deposit (on the first transaction) for Israeli people using the eToro trading platform is $10,000. By comparison, South Africans get a great deal, with a minimum first investment of only $200 (around R3,700).<\/p>\n\n\n\n

After you first deposit funds, the eToro minimum deposit requirement in South Africa is $50, or around R800 (depending on the current exchange rates).<\/p>\n\n\n\n

This deposit benchmark is valid in most parts of the world, excluding the United States and United Kingdom. The minimum deposit amount in the US and UK is $100.<\/p>\n\n\n\n

It's worth noting that how you transact also affects the minimum deposits. For instance, when using a bank transfer or wire transfer, payments must have a value of at least $500.<\/p>\n\n\n\n

Corporate Accounts<\/strong><\/h3>\n\n\n\n

The eToro minimum deposit is much higher on a corporate trading account. Using the eToro platform corporately in South Africa requires you to deposit funds with a value of at least $50,000 ( around R920,000).<\/p>\n\n\n\n

In the UK, Ireland, Germany, France, Estonia, Denmark, and Australia, the minimum deposit is only $10,000.<\/p>\n\n\n\n

Italy has a stand-alone eToro minimum deposit of $25,000. All other eligible countries have the same minimum deposit requirement as SA.<\/p>\n\n\n\n

How to Access Your eToro Account to Deposit Money<\/h2>\n\n\n\n

Whether you have a live account or a demo account, you can access it in the same way. Here's a step-by-step guide:<\/p>\n\n\n\n

    \n
  1. Navigate to the eToro website<\/a>.<\/li>\n\n\n\n
  2. Click on the log in button in the upper right corner.<\/li>\n\n\n\n
  3. Fill in your username and password, then click sign in.<\/li>\n<\/ol>\n\n\n\n

    How to Deposit Money<\/strong><\/h3>\n\n\n\n

    Once you've logged into your account, the deposit process is relatively simple:<\/p>\n\n\n\n

      \n
    1. In the sidebar on the left side of the screen, click on the ‘deposit funds' button.<\/li>\n\n\n\n
    2. When the deposit tab opens, you can choose a currency using the dropdown above the deposit amount. If you want to avoid a conversion fee, selecting the same currency as your bank account base currency is best.<\/li>\n\n\n\n
    3. Insert the amount you'd like to deposit into the ‘deposit amount' field.<\/li>\n\n\n\n
    4. Choose the payment method you'd like to use from the dropdown, and follow the on-screen instructions to complete the transaction.<\/li>\n<\/ol>\n\n\n\n

      Will You Need To Pay Deposit Fees At eToro?<\/h2>\n\n\n\n

      Not at all. There are no eToro deposit fees<\/a>, but you may still have to pay bank account fees. Depending on your account base currency, your financial institution may also require a conversion fee.<\/p>\n\n\n\n

      It's worth noting that, if your account is dormant for more than a year, you'll have to pay a $10 inactivity fee every month after that.<\/p>\n\n\n\n

      It's only fair to point out that, although the fees are nearly non-existent, retail investor accounts lose money all the time. Even successful traders and highly experienced traders lose money when trading CFDs.<\/p>\n\n\n\n

      So, you should only participate in online trading, or use the social trading feature, if you're at peace that you may start losing money rapidly if the markets change. If you want to learn more first, eToro offers a risk-free demo account so you can gain experience.<\/p>\n\n\n\n

      \"etoro<\/figure>\n\n\n\n

      When you start using a live trading account, consider using the social trading feature to copy other traders, particularly more experienced traders. This approach will allow you to learn from them, without losing as much money.<\/p>\n\n\n\n

      Ways to Deposit Funds Into Your eToro Account<\/h2>\n\n\n\n

      Now that you know the eToro minimum deposit amount, you're ready to make your first investment. Fortunately, there are many eToro deposit methods to choose from. We'll look at the options in a moment. <\/p>\n\n\n\n

      First, we'd like to point out that not all methods listed here are available to unverified accounts. It's worth verifying your identity to access the full array of options.<\/p>\n\n\n\n

      Wire Transfer<\/strong><\/h3>\n\n\n\n

      Wire transfer, or bank transfer, is one of the most universal deposit methods. If you're trading CFDs with this provider, it's also the most expensive payment method.<\/p>\n\n\n\n

      \"etoro<\/figure>\n\n\n\n

      Especially for retail investor accounts, bank transfers are considerably more expensive thanks to the high minimum deposit. You can't deposit less than $500 using this method.<\/p>\n\n\n\n

      Wire transfers and bank transfers are also the slowest way to make a deposit, with transactions taking up to seven days to clear.<\/p>\n\n\n\n

      However, it also has a distinct advantage in that there's no deposit cap. <\/p>\n\n\n\n

      Debit Cards<\/strong><\/h3>\n\n\n\n

      Credit and debit cards are a popular modern payment method. Whether you're Forex trading, trading CFDs, or buying groceries, cards are a great way to spend and deposit money.<\/p>\n\n\n\n

      eToro offers payment platforms for most major credit and debit cards, specifically:<\/p>\n\n\n\n