eToro Deposit

Making a deposit to your eToro account is the first step to opening your own first trade on the platform. How much is the minimum deposit? How to make a deposit? Is wire transfer allowed in making a deposit? All these questions and then more, will be tackled in this section about eToro deposit process.

Making a Deposit

To make your initial deposit, just follow these simple steps:

1. Log in to your eToro account.
2. Click "Deposit Funds" found on the bottom of the left-hand menu.
3. Enter the amount you want to deposit.
4. Select the currency.
5. Choose your chosen deposit method.
6. Enter your information registered in your preferred deposit method.

Remember: You can make a deposit via PayPal, your bank's debit card, via online banking and via wire transfer.

Safety

Using Secure Socket Layer (SSL) technology, eToro guarantees safe depositing transactions made in its platform. All personal information related to the depositing process is also stored and secured from any forms of data breach and unauthorized access.

Automatic Deposits

Yes. Setting up your account to make a recurring automatic deposit is possible in eToro.

An "Automatic recurring deposit" process happens when a user creates a schedule for a specific amount of money to be automatically deposited to their eToro account from their debit or credit card.

The eToro user will need to set the schedule, currency and amount of money in order for this feature to perform.

How to Set-up the Automatic Recurring Deposit?

To initiate this feature, simply follow these steps"

1. Head to the "Settings" menu.
2. Select "Payments".
3. Click "Recurring Deposits".
4. Set the amount you want to deposit and choose its corresponding currency.
5. Choose the Credit or Debit Cards connected to your eToro trading account.
6. Set the number of times you want to make a recurring deposit. You can choose from once a week, twice a month or monthly.
7. Once you set the recurring deposit frequency, you have the choice to customize the date of the recurring deposit. Otherwise, the default setting is set to the 1st day of every month.

Credit/Debit Card

Here are the basic steps in transferring funds into your eToro trading account via credit/debit cards:

1. Click "Deposit Funds" on the main page.
2. Select "Credit/Debit Card" from the drop-down menu.
3. Key in your card number, date of expiration and your card's CVV number.
4. Double check if the name appearing on the box below is the exact name on your card.
5. Click "Deposit".

Reminder: It only takes a few minutes before your deposit will be credited to your eToro funds.

Recurring deposits will only be offered to you if you have at least one deposit via credit or debit card that gets approved. It is only then after the approval that you'll be given the option to use recurring deposits.

Bank Transfer

To make a deposit via online banking, simply follow these steps:

1. On your eToro main page, click "Deposit Funds".
2. A drop-down menu will pop-up, select "Bank Transfer".
3. Enter the amount of money you plan to deposit.
4. Click "Continue".
5. After selecting your bank, you will need to log-in to your e-bank account, and key in the verification code sent by your bank before clicking "Submit".

Depositing via bank transfer will only take a few minutes. If for some reason, your deposit is declined, you will immediately receive a notification stating the reason for its decline.

Crypto or PayPal

Here are the steps to follow if you prefer to make deposits using your crypto wallet or PayPal:

1. Choose the method of payment you prefer from the drop-down menu, enter the amount to deposit, and then click on "Continue".
2. A new page will appear to allow you to log into your crypto wallet. Enter your crypto wallet login details.
3. Review your deposit transaction.
4. After you verified all details, simply click “Pay”.

Minimum

The minimum deposit amount varies by country due to different regional financial regulations. The range from which it differs is from $10 to $10,000.

Remember: For deposits made after your initial deposit (which differs from country to country), a minimum of $50 is required. Wire transfers however require a minimum of $500.

Succeeding Deposits

Initial deposits vary and is primarily based on your country of residence. However, for succeeding deposits, the minimum is the same and it is currently $50.

Maximum

There is a maximum amount of $40,000 per transaction on deposits made via debit and credit card. For online banking, the maximum is $10,000 each day while for wire transfer, there is a maximum of $1,000,000 set per deposit transaction.

Business Account

No. It is against eToro's terms and conditions to use any corporate method of payment to deposit into a personal eToro trading account. The option of opening a corporate trading account is available to you, however.

To set up a Business trading account, certain credentials will be requested, depending on whether your company is a corporation, sole proprietorship or a partnership.

If you wish to use your PayPal Business account for depositing, but it is not tied to a real business, then please downgrade it to a personal or premium account.