How to deposit on eToro in 2020?
You want to know how to deposit on eToro and what are the deposit methods? – Then you are completely right on this website. With more than 7 years experience in trading and investing we share professional information about the CFD Broker eToro and how to capitalize your account correctly. Moreover, how high is the minimum deposit and are there fees? – We will show you the answers to the most asked questions.
Review of the eToro deposit methods
For eToro traders, there are more than 9 different payment methods available for the deposit. You can use electronic methods or the classic way through wire transfer. Surprisingly, eToro is one of the few CFD Brokers offering PayPal as a payment method. As a result of that instant deposits to your account balance are possible.
As you see in the picture above you can use credit cards, e-wallets, PayPal, or wire transfer for your deposit. After you opened your trading account you can do a deposit directly. We recommend verifying your account and practice in the demo account before you deposit real money and start trading.
The following methods are available:
- Credit / Debit card
- Rapid Transfer
- Wire Transfer
How high is the minimum deposit?
At the moment the minimum deposit is 200$/€. In the past, eToro changed the minimum deposit a few times because the broker got too many new customers so they increased the minimum deposit. After all, it is now 200$/€.
From our experience, there is an exception to the bank wire. The minimum deposit for bank wire is 500$ because lower deposits would be too much effort for the CFD Broker.
In conclusion, 200$/€ is in our opinion a very small amount to start trading. For this amount, you get access to more than 1500 different markets, professional support, and platform. Also, for a lot of assets you need more than 200$/€ for investing because the order volume is higher.
- 200$/€ for all methods
- Exeption 500$/€ bank wire
What do you get for you minimum deposit on eToro?
eToro is one of the largest platforms for social and copy trading. You can trade CFDs (Contract for Difference) and real assets like stocks and cryptocurrencies. Combined there are more than 1500 assets available on the platform. In comparison to other CFD Brokers eToro offers more functions to its clients.
Moreover, the platform is very userfriendly for beginners. You can use eToro on any device whether you want to trade with your smartphone or computer. Choose between currencies, stocks, stocks, commodities, or cryptocurrencies. One of the special functions is copy trading and the CopyPortfolio section. You can copy other successful traders and build up a widespread portfolio.
eToro is a well known CFD Broker since 2007 and knows how to serve the clients demand for trading. The company is fully regulated and licensed in many countries. All in all, eToro gives you a good and professional overall package if you want to start trading the financial markets.
The advantages of eToro:
- Regulated and safe platform
- Free demo account
- Minimum deposit only 200$
- Copy and social trading
- More than 1500 assets on one platform (forex, CFD, stocks, commodities, cryptocurrencies)
- Connect with other traders
- Competetive spreads
- Professional customer support in different languages (Phone, email, chat, ticket)
(62% of private investor accounts lose when trading CFDs)
Are there any deposit fees?
When it comes to online trading there can be transaction fees. But good news: eToro does not charge any fees for your deposit of money. You will get the full amount of money to your account credited. For the withdrawal there are fees. You can read more about it “here”.
How much to invest in eToro?
This is a difficult question and we can not name you an exact amount for your deposit. This is impossible and always depends on your financial status and experience in trading. We recommend starting with the smallest amount as possible. Only invest money which you can afford to lose.
Trading is risky and you can lose your investment. But with eToro, there is negative balance protection and you can not lose more than your deposit. Also, it is possible to control the risk on the platform with the stop loss and other tools.
Before you start investing you should use the demo account for practice. This is an account with virtual money which simulates the real trading. So you can trade without risk. First, learn on the platform how to trade. The education center on the platform will help you a lot.
Questions you should ask you before investing:
- What do you want achieve with trading?
- How I will behave when i am loosing?
- How much is the risk per trade?
- Which markets I want to trade?
- Do I got a good strategy?
Conclusion: Deposits are really simple with eToro
On this page, we showed you how to deposit on eToro and give you professional tips for your trading. With eToro it is not a problem to capitalize your account quickly. The minimum deposit ist very low at 200$/€ and you can use electronic methods to do the deposit directly.
There are not any fees and additional costs for you. eToro is one of the larges financial brokers worldwide and you get a very secure platform for trading. As professional traders, we guarantee you that you will be satisfied up to 100% with trading on the platform.
In conclusion, choose the investment amount that fits in your financial status. Personally, we recommend never invest money which you need for living.
The advantages of eToro deposit:
- Use more than 9 payment methods (including PayPal and wire transfer)
- Regulated payment methods
- Small minimum deposit of 200$
- Get professional support
- No deposit fees for you
If you searching for a reliable and professional broker then you have to choose eToro.
(62% of private investor accounts lose when trading CFDs)