Looking for information on how much money you'll need to start trading on eToro? I've put together this guide that lists everything you can trade and the minimum amount of capital you need to open a position.
Please note: for some strange reason eToro has different minimums for account registered before April 2nd 2017. So some of the minimums below may differ. To put together this list I used my account which I've been using for many years. If you don't use leverage on positions it may require more capital. Personally I think this is stupid and looking forward to eToro changing this back.
Copytrading: $200 minimum
I recommend most people should be copytrading on eToro and this is what most people probably are using the platform for. When you copytrade, you automatically copy the trades made by more experienced traders.
You need to allocate at least $200 for copytrading. This will ensure that each copied trade is made with a meaningful amount of capital rather than a couple of cents!
Stocks: $50 minimum
You need at least $50 to open a stock trade on eToro. Stock trades are done using partial shares meaning you don't need to buy a whole share. You simply choose an amount of capital and that will buy you the proportionate amount of stock. This means you can trade stocks like Apple and Alphabet with less capital than it would require to own a whole share.
Forex: $25 minimum
You can open a forex position with as little as $25. For new accounts, this amount does depend on the leverage you're using. In my account (which is older) I was able to open a 1x or unleveraged forex position with just $25.
ETFs: $200 minimum
Even though ETFs are stocks, eToro does have different minimums for ETFs. I'm not sure of the reasoning behind this. Is it because they consider ETFs a longer term investment? I'm not sure, but you will need more capital to open an ETF position.
Cryptocurrencies: $25 minimum
I was able to open a cryptocurrency position with as little as $25. Just like stocks, you're buying partial amounts of cryptocurrencies, so you can invest any amount from $25 upwards.
You can trade Gold, silver, oil and copper with as little as $25.
Just like ETFs, indices require an investment of at least $200.
CopyPortfolios group together a number of underlying assets. For example you can invest in a copyportfolio made up of cryptocurrencies. You can event invest in a portfolio made up of the trades opened by the top traders on eToro. This is a managed investment (it's automatically rebalanced each month) and is more hands off than everything else on eToro. As such it has a much higher minimum investment.
First time deposit: $200
eToro has a first time deposit limit. This is because if you deposited less than $200, you wouldn't be able to copytrade anyone. So to get started on eToro you'll need at least $200.
After you've made a first time deposit, it looks as though there is a $50 minimum to topup your account with other deposits. I must stress that this might be different depending on where you live. I checked this using my live account. Other countries with different payment methods may have different minimums.
Trying eToro for free
Don't want to invest real money in eToro. The good news is that you can try out everything on the platform with a free practice account. You can try copytrading, copyportfolios, buy and sell stocks etc. Everything you can do with a free account can also be done with a real account. You can get a free etoro practice account here.