The minimum eToro deposit is 200 euro for the first one and 50 euro for the following ones. This figure is updated to October 2019, in fact we remind you that the broker has the right to change the amount of the minimum deposit at any time.
eToro only requires a deposit for the real account, so you can open a free demo account without investing a single cent. Switching to the real account is optional, so you can only start real trading if you wish.
If you would like to learn how to use this platform, please consult our complete eToro guide or open a completely free account here (you can also not make a minimum deposit of 200, or you can do it later).
How To Make The Minimum Deposit On eToro
Bank transfers, PostePay, debit and credit cards and even Paypal, are all accepted methods for making the first payment to your eToro account.
By entering your email address associated with your Paypal account, you can deposit the amount of money you want into your eToro account. As with all purchases made through Paypal, also in this case you will be redirected to its official website and after entering your name and password you can consent to the payment requested.
Postepay, the popular debit card of Poste Italiane that belongs to the VISA circuit, is undoubtedly one of the most common methods in Italy to make your deposit.
To deposit with Postepay on eToro, just type in the appropriate field the card number (16 digits), your name and surname (clearly those associated with the card) and enter the security code on the back.
If you have any other credit card, including MasterCard, you can simply follow the same procedure explained above.
If you do not have a credit card or even Paypal, you can always decide to make a deposit by bank transfer. However, this will take a few days.
You will find more details in an article on how to deposit on eToro.
What Is The Purpose Of eToro’s Minimum Deposit?
The minimum deposit is essential for real money transactions as eToro obviously requires minimum liquidity.
You can trade using even less than the 100 euros required, but this figure allows you to start trading without having to risk falling into the margin call.
What is a margin call? eToro, like any other broker has an automatic system that sends alerts when the actual balance available on the account reaches a level too low.
This value is called Equity and represents the economic situation of the account including any open positions, whether they are profitable or loss-making.
As a result, the broker is programmed to protect our account so that no more than what is deposited can be lost and when the Equity is below a pre-established level we will start receiving alerts via text message and email to close loss-making positions or pour more money into the account.
eToro will automatically close all our positions when we ignore the margin call, although our positions will continue to suffer losses.
An error that the most inexperienced commit is to think that the positions that open will go immediately in the direction hoped for and then you will begin to see immediate gains.
This often does not happen and therefore it is advisable to have an amount of money on the account that allows to manage the losses.
For example, if we intend to execute a trade using 30 €, our 100 € account will be more than enough, but it will not be enough if we want to open a position that requires 90 € as it may immediately trigger a margin call.
Can I Use The Minimum Deposit Made With eToro?
Every single cent you deposit into your eToro account can be used to trade. The entire deposit can be used to execute trades and therefore if we decide to deposit a minimum of €100, we will have the same amount of money to trade.
All capital paid into eToro remains yours and is usable.
To Deposit 10€ on eToro, is It Possible?
Trading cannot be compared to a game, but it is a real financial activity. Thinking about making an investment with just a few euros doesn’t make sense in itself.
I will list three reasons why it is not possible to deposit amounts of less than 100 € on eToro:
- This amount of money would not allow to operate on the majority of the available instruments, as it is too small.
- The margin call would be activated immediately
- If you have a good idea to exercise before using real money, you can use the demo account with virtual funds.
Can I Use eToro Without Making The Minimum Deposit?
By using the free demo account, you have the ability to use all the tools that eToro offers without any minimum deposit. The demo account is the exact copy of the real one, but it uses virtual money instead of real money.
Every transaction you make on your demo account will not imply an actual money transaction in the currency markets as it is virtual.
If you have already experienced the demo platform and decided to open a real account, you will need to pay a minimum of €100 to trade.
There are no preliminary trial periods and you can switch from demo to real at any time.
Any operation you perform in demo mode will not have any impact on your real account as they are two distinct things. What you do on your demo account will affect the virtual balance of your demo account, just as every transaction you do on your real account will cause you to have real gains or losses.
Finally, let’s remember once again the fundamental difference in trading with a demo account or a real account. This difference, especially for novice traders who have never really traded, may seem irrelevant at first. It makes all the difference in the world.
Well, working with a demo account, it completely eliminates the psychological component. What does that mean?
It means that if I invest 10000 euros in virtual money, I do so with all the peace of mind of the world, so much is virtual money ….
But What If This Money Is Real? What Would Happen?
They would come into play the psychological components of trading: fear of loss, haste to grab any earnings, etc etc etc.
It is not a coincidence then if there are specific trading courses on the psychological components of this trade. To console then, it is good to start immediately with a real demo account if you have the opportunity (with figures as low as 200 euros), for the sole purpose of starting to get used to the “pressure” to invest this time of real money, instead of virtual.
eToro is a multi-asset platform that in addition to trading with CFDs also offers investment in both stocks and crypto currencies.
Please note that CFDs are complex instruments and present the risk of losing money quickly due to leverage. 75% of retail accounts lose money when trading with this provider. You should consider whether you understand how CFDs work and whether you can face the high risk of losing your money.
Past performance is not indicative of future results.
Crypto assets are volatile instruments that can fluctuate widely in a short period of time and are therefore not suitable for all investors. Unlike CFDs, crypto currencies are not regulated and therefore there is no regulatory body supervising the European Union.