eToro requires a minimum first-time deposit of $200. After this first-time deposit, you can deposit a minimum amount of $50.
Depending on the deposit method, it can take anywhere from 10mins to 7 business days for a deposit. The broker offers the fastest transactions 24/5 during working hours. Please note the following exceptions for minimum deposit .
|Users residing in:||Minimum First deposit:|
|Austria, Germany, Ireland, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom, United States||$50|
|Azerbaijan, Bahrain, Cayman Islands, Costa Rica, Dominican Republic, Egypt, French Polynesia, Georgia, Gibraltar, Iceland, Isle Of Man, Jersey Island, Jordan, Kazakhstan, Kenya, Kuwait, Lithuania, New Zealand, Oman, Qatar, Reunion Island, Senegal, Ukraine||$1,000|
Read: Etoro review
The broker allows only one base currency for its trading account, USD. The deposits made from anywhere in the world are converted and visible in your account in USD.
The conversion rate from your local currency to your account’s base currency applies while depositing, so keeping an eye on the conversion rate might help you calculate how much local currency is required for a deposit in your eToro account’s base currency.
The broker offers only one account type for its clients. However, the company divides its clients into two categories:
- Retail Clients
- Professional Clients
The main difference between the two clients is that they are offered different leverages and levels of securities. Otherwise, all the features of the trading account are the same.
For its clients’ convenience, the broker provides a range of payment methods. Below is a list of the available methods:
1. Bank Transfers
If you want to use bank transfers to deposit:
- Either you can use a wire transfer from your bank.
- Or you can use online banking for some European countries
2. Credit/Debit Cards
The company allows two types of cards for deposits:
- Master Card
- Visa Card
3. Alternatives (E-wallets)
This broker allows deposits from the following alternative methods such as E-wallets:
- Rapid Transfer
- Klarna / Sofort Banking
This broker allows different minimum deposits for each payment method. See the table:
|Credit/Debit Cards||Instant||USD, GBP, EUR and AUD||International||$50|
|PAYPAL**||Instant||USD, GBP, EUR and AUD||International||$50|
|NETELLER||Instant||USD, GBP, EUR||International***||$50|
|SKRILL||Instant||USD, GBP, EUR||International****||$50|
|RAPID TRANSFER||Instant||USD, GBP, EUR||EEA*****||$50|
|Klarna / Sofort Banking||Instant||EUR||Germany, Austria, The Netherlands, Switzerland, Italy, Spain, Belgium, Finland, France, and Poland.||$50|
|BANK TRANSFER||4-7 days||USD, GBP, EUR||International||$500|
|Online Banking – Trustly (EU region)||Instant*||EUR, GBP, SEK, DKK, NOK, PLN, CZK||Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, Germany, Latvia, Lithuania, the Netherlands, Norway, Poland, Slovakia, Spain, Sweden, and the United Kingdom*||$50|
How to Deposit
To activate your account for trading, you need to verify your identity and address:
1. Proof of Identity (POI)
A passport is the preferred proof of identity, as it is the document that will be the quickest for the eToro team to process. Alternatively, you can use a driving license or any other government-issued ID.
2. Proof of Address (POA)
Your POA document should contain your full name, address and issue date, which should be no older than six months.
Your proof of address can be one of the following:
- Bank Statement
- Credit Card Statement
- Electricity, Water or Gas Bill
- Council Tax Bill
- Tax letter or Bill
- House Rental Official Agreement – Issued by Government
- Letter from your local municipality
- Phone bill
- Internet bill
It’s easy to deposit money into your account. You can choose from a variety of payment options. Select your preferred method and follow the procedures outlined below to make a successful deposit.
- Log in to your account.
- Click on “Deposit Funds.”
- Enter the amount and select the currency
- Finally, choose your preferred deposit method
- Complete a deposit
Sign up Bonuses
Unfortunately, eToro does not offer any signup bonus at this time. However, the broker provides a minimum $50 “Refer-a-Friend” bonus.