- Fees at eToro have a huge impact on the quality of your trading strategy and the gains you can make. There are many novice traders who do not take this element into account when they decide to speculate in the financial markets. However, eToro fees allow you to know the amount of your transactions, for each position you open.
In order to help you improve your trading strategy on eToro, we have decided to provide you with comprehensive information about its fees. For this, we will answer all the questions you ask yourself: what are the fees and commissions of eToro? On which instruments are eToro fees available?
What are the eToro fees?
The eToro fees are as follows:
Spreads
Child care costs
Inactivity fees
Withdrawal fees
Currency conversation fees
eToro fees and commission: the essentials clearly explained
Fees at eToro depend on the financial asset you wish to trade on. This means that they are not fixed. For example, the eToro price on cryptocurrencies is different from that on commodities. In order to help you better understand the expenses you will incur on the different positions you open, we are going to give you more details on eToro’s fees.🙂
What are the fee categories at eToro?
The eToro fee categories are :
Spreads
Child care costs
Inactivity fees
Withdrawal fees
Currency conversion fees
As we mentioned before, eToro fees depend on the financial instrument you are trading. Most of these fees are taken day-to-day, when you open positions with the broker!
You should also know that eToro’s price is not fixed. It is subject to many variations and these apply only to the opening of positions. That said, it’s important that you know what each eToro fee refers to, so you know how it impacts your transactions.
Spreads
- The spread is one of the eToro fees available from the broker in crypto
. This is his compensation for the positions you open on CFDs. This is the difference or the difference between the buying price (Ask price) and the selling price (Bid price) of a financial asset!
As an example, let’s say you want to trade the EUR/USD currency pair. If the Ask price is 1.5860 and the Bid Price is 1.5854, the difference of 0.0006 (6 pips) represents the spread, which is the broker’s compensation!
Childcare costs
eToro custody fees are also called “rollover costs” or “overnight fees”. They are applied to all positions you open with leverage. At eToro, this happens with CFD trading.
The principle of custody fees is simple. For them to be taken, you must open a position overnight, until the next day at least. Instead of selling or exiting your position on the day of purchase, you trade it for a new day. So, to keep your position open all night, the broker charges a commission or interest, which is the swap, overnight or custody fee!
Withdrawal fees
eToro also charges withdrawal fees. They are applied when you withdraw your earnings from your trading account. So if you are looking for more information visit tradersunion for Interesting articles.
Currency conversion fees
The single currency used on eToro is the US dollar. Thus, when you make a deposit, eToro converts your money into the currency used on its platform and charges you an exchange fee!
You can find more explanations of the fees related to eToro in our special file eToro notice.
