eToro Fees and Trade Commissions Explained
If you’re new to eToro, you might be wondering about the trading fees and commissions. We’ll explain what they are, how much they cost and how they work.
Being a social trading platform eToro allows users to copy the trades of other traders. It’s a great way to learn about investing, but it also has its drawbacks.
In this article, we’ll look at the eToro fees and commissions charged by eToro and how these compare with other brokers in the industry.
There are no minimum deposit requirements at eToro. With only 100$ you can start trading with eToro.
Trading fees are charged on a per-trade basis (not per share). This means that if you buy $20 worth of shares in Company A and sell them for $21, you’ll pay a commission on both trades (buying and selling).
Licenced Broker
Etoro is a licensed broker/dealer or an investment advisor and does not provide legal or tax advice under any circumstance. You should consult your tax advisor before making any financial decisions based on information on this site.
Now that we’ve got that out of the way, let’s look at how eToro’s fee structure works…
eToro is a social investment network with millions of users and hundreds of thousands of transactions every day. eToro has been operating since 2007, after launching its first platform in 2006.
eToro has two main services: an online broker for trading stocks and forex and a social investment network where traders can copy each other’s trades.
eToro is a social trading platform that allows you to copy other traders and follow them. It is one of the most well-known and used platforms in the industry.
The platform has been around since 2006 and it has grown to be one of the most popular cryptocurrency trading platforms. eToro has over 4 million registered users, which means that there are a lot of people using this platform!
eToro fees
The fees you pay to eToro depend on your level of activity, the size of your account, and whether you want to use leverage or not.
If you’re wondering how eToro fees are calculated, then this article will help you understand how they work.
What Are eToro Fees?
To understand eToro fees, we first need to define what they are. Fees are an amount charged by an organization or individual for services rendered or goods provided in return for money or other compensation. The main purpose of charging fees is to make a profit from their service or product.
Fees can be charged for various reasons such as making money from trades made by users on your platform or for providing any kind of service such as customer support or maintenance for the website itself etc.
Fees and Commissions
eToro charges both fees and commissions on trades. Fees are charged as a percentage of the total trade amount, while commissions are charged per share or contract traded.
The table below shows the fee structure for popular currency pairs:
Table 1: eToro’s Currency Pairs Trade Fees Currency Pair Fee (%) Fee (USD) Fee (GBP) Fee (EUR) USD/JPY 0.70 0.0136 USD/CAD 0.70 0.0120 GBP/JPY 1.25 0.0240 GBP/EUR 0.70 0.0130 EUR/USD 0.70 0.0130 AUD/USD 0.70 0.0125 NZD/USD 0.70.
Trading Commissions
eToro charges a flat fee per trade (excluding spreads), regardless of how much money you trade or how many trades you make during a month. The minimum commission is $0.01 per share traded, while the maximum is $19 per share traded (for GBP). If you pay above $19 per share traded, this amount will be divided among all orders placed by the trader during that month by dividing by 100.
