Etoro Fees Explained – All you need to know | Stocks, ETFs, Crypto & CFDs
𝗠𝘆 𝗘𝘁𝗼𝗿𝗼 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼: https://etoro.tw/3gfIlTJ
In this video we are going to talk about ALL the eToro fees:
1. Conversion Fee
Conversion fees only apply when you are transferring any other currency into eToro other than USD. This is because eToro works in dollars. If you are using another currency like British pounds, NIS or Euros, eToro charges a conversion fee of 50 pips.
2. Spread fees
All leveraged stocks have spread fees. Leveraged stocks mean you are borrowing money from eToro to trade and when you do that spread fees occur. It’s very easy to avoid this fee. PLEASE DO NOT LEVERAGE AND BORROW MONEY TO TRADE.
3. Withdrawal fee
eToro charges a withdrawal fee of every time you want to take out money out of eToro. This amount stays fixed no matter the amount being withdrawn, the best thing to do is keep investing and if you take out, better be a big amount 🙂
4. Leverage fee
As with the spread fee, this is not a fee I will pay when trading as I don’t believe is good for 99.999% of us to borrow money to invest.
5. Overnight fees
Overnight fees only apply when leveraging. This is simple to understand as eToro lends you money and they charge interest on that and these rates generally change for long and short positions. These fees are always changing. The best thing to do is DONT USE LEVERAGE
6. Inactivity fee
eToro will charge you a fee of 10 dollars a month when you don’t log into your account for 12 months. To avoid it, use the platform or close the account.
𝟬% 𝗰𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗼𝗻 𝘀𝘁𝗼𝗰𝗸𝘀: https://med.etoro.com/B15707_A106725_TClick_SBuy%200%20comission.aspx
▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬
0:00 – Intro Etoro and Fees
2:00 – Stocks and ETF Etoro Fees
3:55 – Crypto Etoro Fees
6:35 – CFDs, Leverage Etoro Fees
7:41 – Qhat is a CFD
8:20 – Overnight Fees
9:45 – Other Fees
11:50 – Closing a trade in Etoro
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