Opinions on deposits with eToro

eToro Fees

eToro’s fees are governed by the 0% policy for stocks and ETFs that do not involve leverage or short positions. Please also note that CFD trading will have an overnight fee.

All other assets on eToro apply either a spread or a spread. Each spread varies depending on the asset we are buying, and the cost of investing in oil (the commodity) is not the same as the cost of investing in dogecoin (cryptocurrency).

eToro’s rates are updated on a regular basis. You can check the latest edition via the broker’s own website or by clicking here.

Opinions on deposits with eToro

It has to be said that almost all of eToro’s deposit reviews are positive. This is mainly due to two features: no deposit fees and a wide variety of payment methods are available.

To be more precise, the only commission we can find when making a deposit is for the currency conversion, as eToro like most brokers works in USD. If you don’t want to pay the conversion fee, you can simply deposit directly into your bank account in USD.

The payment methods available at eToro for making deposits are:

Traditional means:
Credit Card, Visa, MasterCard and Maestro.
Debit Card, Visa, MasterCard and Maestro.
Wire Transfer
Digital means:
PayPal
Neteller
Skrill
Trustly
Rapid Transfer
Sofort
All deposit transactions are made using an SSL certificate to protect your data. The deposit is immediate except if we use bank transfer, in which case it will take between 4 and 7 days.

The maximum amount we can transfer will also vary depending on the method chosen. The only way that has no deposit limit is by bank transfer. Credit/debit cards and Trustly are $40,000, PayPal, Neteller and Skrill are $10,000, Sofort is $30,000 and Rapid Transfer is $5,500.

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eToro Withdrawal Feedback

In this case the feedback on withdrawals with eToro is not as positive as with deposits. Not because there are problems with withdrawals or anything like that, but because eToro charges a withdrawal fee of $5 regardless of the amount you choose to withdraw.

It is also important to take into account the usual conversion fee. If we are sending the money to a Euro account, eToro will apply the appropriate currency conversion fee (just like any other broker does). Simply transfer to a USD account to avoid this fee.

Withdrawals are generally credited through the same platform as the deposit. This will not apply to Trustly or Rapid Transfer services, so you will be given a choice of other channels.

The estimated time from the time the refund order is issued until we receive the money varies depending on the method used. So the average is 1-2 working days with the exception of bank transfer and debit/credit card payment, which can take up to 8 days.

eToro App
A fundamental aspect of working with a broker is their trading agility. The market is something that changes quickly without you even realising it and you have to be on your toes. That’s why we’re particularly interested in eToro’s reviews of the broker’s smartphone app.

The eToro app is available for both Android and Apple devices, and even has a special format adapted for tablets. The app is a mirror image of the broker’s web-based platform, so you’ll be able to get to grips with it almost immediately.

As far as the quality of the eToro app is concerned, you only need to look at the ratings of the users who have downloaded it. On Google Play, for example, we can see that with the votes of more than 87,000 users, the rating is 4.2 out of 5:

etoro reviews
If we now look at the AppStore, we do not see an average rating because there are not enough reviews. Contrary to what it may seem, this does not mean that the application is not well received in the Apple environment, as eToro is the 8th most downloaded application in the Finance category:

etoro reviews
Both ratings are worthy of recognition as a recurring complaint from investors is either that the app detracts from the web or that the app is too simple. Neither of these drawbacks are found with eToro, on the contrary the eToro app reviews emphasise above all else that what you do on a computer you can do on your smartphone.