eToro has made a number of little changes recently. One of those changes has been raising the first time deposit amount to $200.
I think this is smart
$200 means you can copytrade two different people, as the minimum amount to copy a trader on etoro is $100. This means you are able to diversify your portfolio a little bit and spread some of the risk. Furthermore, etoro says that this is creating a better trading experience for first time users.
The one downside is this is making etoro less accessable. What I’ve always liked about the platform is it enables anyone to explore the world of forex and investing – even if you have little knowledge of the concepts. In the long run, I think there will be more happy traders on the platform.
How much should you deposit?
I think the absolute ideal amount is $500. Obviously not everyone can afford this. $200 can still easily make profits for you. It’s all about finding the right traders to follow.
eToro now has a first time deposit bonus
The really good news is that etoro has introduced a first time deposit bonus – something they weren’t doing in the past. You can pick that up here