32 comments

  1. Maybe I am too old to “get it” but Etoro does not appear like a good value to me. Sure, there is a low minimum to open an account but many conventional brokerage firms also have very low thresholds to open an account these days. Really, charging you $25.00 USD to withdraw your money? That does not sound like a good deal. My biggest question that I have yet to find an answer for: eToro claims “no commissions ” and that they “get paid from the spread.” The underlying question is, how wide are those spreads? Most large Cap US stocks on my platform trade at a one penny wide bid/ask. If the same stock on eToro had a spread, for example of .05 cents, then every small lot traded would actually be exceptionally expensive to the small trader. A large volume of small trades equals a whole lot of money! So who actually sets the bid/ask spread on the eToro platform and how wide are those spreads? My guess, you MUST pay the ask or there will be NO trade. Not exactly commission free as it appears on the surface.

  2. Good day, will it be ok to share this article to those inquiring in fb how to deposit funds in etoro? I just wanna be safe in asking permission 🙂

  3. Question. Is etoro legit and not a scam. Because i keep reading that some of the cannot withdraw their money etcetc

  4. @Vincent, I’ve had my account since 2018 and I have never experienced any problem. I’ve withdrawn my profits several times already and received my money in my bank account without a problem.

  5. Hi sir, how did you fund and withdraw your account? And how long did it take for the withdrawal to reflect on your account? I funded it using credit card, so does it mean that it would reflect on my credit card first? I also used Paypal the second time but still used the credit card option. Will I still receive on Paypal or on my credit card? Sorry for the questions.

  6. @Ken
    I withdraw to my local bank dollar account. The money reflects on my bank account within 2-3 business days.

    For your first funding, it would reflect on your credit card first.

    For your second funding, it would reflect on where you chose to withdraw it.

    It will only reflect on your credit card first if you used it directly to fund your account.

    For your second funding, you used your credit card to fund your PayPal account. And then PayPal funded your eToro account. So it’s not a direct transaction.

  7. Hello! Can I withdraw my earnings via BPI epay, a local peso debit account? Or does it need to be Dollar?

  8. Hi sir Fitz,

    I funded 500USD my etoro with my local bank BDO. I want to add fund 500 again using credit card. Can I widraw it all 1000USD and reflect it in my BDO account? Thank you.

  9. Goo day, Sir Fitz!

    When investing in eToro from Philippines, is there tax included in transactions?

  10. @George
    There are no taxes charged in the transactions. It’s up to you to file and pay for them in your personal income tax report.

  11. You have a write up on etoro fees? I’m just new to etoro and opened an account this 2020. I found out that upon depositing 200 dollars, I actually paid 50+ pesos per dollar when the exchange rate is just 48 pesos.

  12. Sir Fitz just today I went to my BPI branch to increase my deposit limit in etoro but no avail only 50 thousand pesos per day How can I make fund transfer in big amount in one time, you know the importance the opportunity to buy stocks at their ideal price, you have the fund but have the limit to transfer it

  13. Hi Fritz. Do you know if all eToro accounts from the Philippines are with eToro AUS Capital Pty Ltd and thus all trades from eToro accounts from the Philippines are Contracts For Difference between the eToro account holder and eToro AUS?

  14. For withdrawal of funds from eToro, what is better – via Paypal, Credit Card or local Bank? “Better” could be in terms of speed or value (i.e. the “net” amount I will be able to receive at the very end of the withdrawal process).

  15. Why does etoro says that their minimum deposit fund is now in $1000? i haven’t deposited yet but last month it was $200 but now it became higher already.

  16. I use my BDO credit card for a $200 firs then i used my Debit card to place a $60 on the etoro account

    i saw that my first withdrawal of $100 worked but it only applied like a refund and just seemed to pay half my credit card bill

    my question is if i withdraw a huge amount(like my whole profits) will it pay my outstanding cc bill and then the rest will go to my savings? (i only have savings other than my CC)

  17. His sir ang problem ko po naka 90%palang di pako makatapos mag register paulit ulit po cya hing picture ng id pls help ty in advance

  18. Hi sir pls help po need guide naka 90%plang di ako matapos tapos ng registration paulit ulit po cya hingi ng id pls guide ty

  19. Hi Fitz,

    How long does it take before the deposit is credited to eToro? I made my first deposit through local online bank (Landbank via Dragonpay) but the same is not credited to my eToro account. As of writing, 2 hours have already passed since my initial deposit, yet the fund is not reflected in my account. Thank you.

  20. @Ica
    It takes around 1 day because local banks will process the deposit the next banking day. You’ve also funded on a weekend, so you might need to wait until Tuesday. If you want instant deposit, using a credit card or Paypal is the fastest from my experience.

  21. First time to use etoro and wanted to deposit funds to my account but it was reflected that the minimum deposit is $1000. The article said $200.

  22. @Cris, eToro has recently made changes in the minimum deposit. I’ve updated the article to show $1,000. I’m sorry for the oversight.

  23. Hi. Don’t use local banking unit. That is the process I used when I deposited $1000 usd to my etoro account. I made 2 withdrawal of 100usd each thru local banking unit since etoro will only send back the money the way you deposited it to them. I used the Bdo local banking unit. The fees or the conversion rate for local banking unit is crazy. I requested for $100 usd and should receive at least 4800php since 1usd=48php, I received only 3756php. The second $100usd withdrawal, I received even less 3,507.56 php. That is a loss of 25%. No one can explain to me the charges or why I only received that much only. If you people know what is the cheapest way to withraw from etoro, please share. thank you

  24. Hi.
    I would like to ask what would be the best cheapest deposit method for now? Online banking is no longer available. Please reply, need help, some advice pls., thank you.

  25. Hi fitz, I tried to make my first deposit to ETORO but there is no Online Local Banking among the choices. If I choose bank transfer do I need a dollar account?

  26. YES, I agree I made a $1000 deposit yesterday using my BPI savings/debit account I thought this is the best way and easy to fund my etoro account but I was shocked when they deduct 52,319.59 in my bank account even after the conversation of $1=Php 50.5, meaning the charges is cost me 2k in one transaction. Any other recommendation for funding ETORO with less charges?

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