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Etoro Minimum Deposit

Published by Usman Ahmed, MBA (Researcher)

Reviewed by Bowen Khong, ACCA

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[1] .

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
Algeria$5,000
Israel$10,000

Read: Etoro review

Currency Preference

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.

Account Types

The broker offers only one account type for its clients. However, the company divides its clients into two categories:[2]

  1. Retail Clients
  2. 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.

Payment Options

For its clients’ convenience, the broker provides a range of payment methods. Below is a list of the available methods:[3]

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:

  • PayPal
  • NETELLER
  • Skrill
  • Rapid Transfer
  • iDEAL
  • Klarna / Sofort Banking
  • POLi

This broker allows different minimum deposits for each payment method. See the table:

MethodTimeCurrenciesCountriesMin. deposit
Credit/Debit CardsInstantUSD, GBP, EUR and AUDInternational$50
PAYPAL**InstantUSD, GBP, EUR and AUDInternational$50
NETELLERInstantUSD, GBP, EURInternational***$50
SKRILLInstantUSD, GBP, EURInternational****$50
RAPID TRANSFERInstantUSD, GBP, EUREEA*****$50
iDEALInstantEURThe Netherlands$50
Klarna / Sofort BankingInstantEURGermany, Austria, The Netherlands, Switzerland, Italy, Spain, Belgium, Finland, France, and Poland.$50
BANK TRANSFER4-7 daysUSD, GBP, EURInternational$500
Online Banking – Trustly (EU region)Instant*EUR, GBP, SEK, DKK, NOK, PLN, CZKAustria, Belgium, the Czech Republic, Denmark, Estonia, Finland, Germany, Latvia, Lithuania, the Netherlands, Norway, Poland, Slovakia, Spain, Sweden, and the United Kingdom*$50
POLiInstantAUDAustralia$50

How to Deposit

To activate your account for trading, you need to verify your identity and address:[4]

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

Deposit Funds

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.[5]

  1. Log in to your account.
  2. Click on “Deposit Funds.”
  3. Enter the amount and select the currency
  4. Finally, choose your preferred deposit method
  5. 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.[6]

Usman Ahmed, MBA (Researcher)
Usman Ahmed, MBA (Researcher)
Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Besides holding a Masters degree in Business Administration, he has worked for some of the most renewed companies in the forex industry including FXCM, IQOption, MetaQuotes, Alpari, FXStreet, DailyFX and several others. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely.
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