This post was originally published in [2021] and has been fully updated for 2026 with new data and tools.
Your trading strategy might be profitable, but are your fees eating your gains?
In the competitive world of investing, every pip counts.
Discovering how to avoid eToro conversion fees with eToro Money! is essential for any non-US investor looking to maximize their ROI.
By utilizing instant transfers and the eToro Money debit card, you can eliminate the “double-conversion” trap that catches most retail traders.
eToro is free to get an account, and there are fees for trading, overnight and weekend fees, withdrawal fees, fees for converting currencies, and if your account is inactive, you get charged a fee.
Keep reading, and I’ll share what these fees are and the pros and cons of using eToro. Lastly, I’ll share 6 tips on reducing these fees.
Why the Integrated eToro Money Features are Essential for Fee-Free Deposits
There is a FREE tool at eToro Pip Calculator.
In 2026, to avoid eToro’s conversion fees is eToro Money app.
Instead of transferring money into your eToro trading account, you would transfer funds from your bank to your eToro Money Local Account.
It’s FREE with no conversion fees.
If you must trade a U.S. stock and need USD, transferring from your eToro Money App is WAY cheaper than a standard bank deposit.
- Standard Bank Deposit: ~150 pips.
- eToro Money Transfer: Discounted rate (and 0 pips for certain eToro Club members).
| Method | Fee (Approx.) | Result on $10,000 Deposit |
| Direct Bank Transfer (EUR/GBP) | 1.5% (approx 150 pips) | $150 Loss instantly |
| eToro Money App | 0% (on same currency) | $0 Fee |
| USD Withdrawal to eToro Money | 0% (no $5 fee) | $5 Saving per withdrawal |
How Does eToro Make Money if Trading is Commission-Free?
eToro is something called a fintech company, and this means there is NO physical building, but just a website.
Another famous fintech company is PayPal.
eToro still has to earn money, and it does this through fees. Since ALL the money they earn is through fees, they make signing up FREE and as easy as possible.
The more people who sign up, the MORE money they make through fees. This is why they’re giving away $50 of Bitcoin if you signed up and purchased $1,000 in crypto.
The first fee eToro charges is its spread! The spread is when someone buys and sells on the platform. It would be simple if it were a FLAT amount, but it’s variable and can be affected by market conditions.
You can see the spread fee for any crypto you want to trade; it starts at around 0.75% for Bitcoin.
The next fee is the overnight fee. This fee happens whenever you maintain an open position from 1 trading day to the next.
This fee ONLY applies to CFD (Contract for Difference) assets.
The time of this overnight Fee is 5:00 PM New York Time! If you have an open position, you will be charged a fee. You can see the fee at the bottom when making a trade.
Oh, and they can change these fees at any time. Plus, if you hold an open position over the weekend, you will be charged a fee.
The website does say depositing money is free, but that is NOT completely true. If you deposit US Dollars, it’s free, but if you deposit anything else, you NEED to convert it to US Dollars.
It’s really a currency converter fee, and the fee depends on the currency you convert.
Here is an example of this fee (it’s $50 dollars).
Next, there is a withdrawal fee, and if you want to take your money out, you will get charged $5 per withdrawal.
There is also an inactivity fee, and this is $10 a month after 1 year of your account being inactive. This is a tricky one and could be hidden.
After 1 year if you don’t log into your account you will get charged $10 a month!
How Does eToro Work? Understanding CopyTrader and Smart Portfolios
eToro is a platform for trading. You’re speculating on whether the stock or crypto will go up! eToro purchases the asset on your behalf and holds it under your name.
You can transfer crypto out of eToro if you wish. eToro does NOT charge a fee to transfer crypto to another wallet. There is a fee for using the crypto network.
When it comes to stocks, you “can’t” transfer them; you can only buy and sell a stock.
What makes eToro different than any other platform is that you can copy a trader. This means if you know of someone who is very successful, you can piggyback on their success.
They even have a score that you can look at.
You might be wondering why a trader wants to be copied. Each time a trader is copied, they get paid!
There is a social part of the program, and you can meet other people (Basically, they want you to make friends and NOT leave the platform.)
eToro also has many different assets on the platform that you can trade, there is crypto, stocks, ETFs, and Forex.
Is eToro Good for Beginners? Pros and Cons of Social Copy Trading
One of the things I like about eToro is that it’s not just crypto, but you can purchase a wide variety of assets, including stocks and commodities.
Also, the interface is neat and clean, and there is a lot of information on who is buying an asset. Even Warren Buffett was a big fan of riding someone’s coattails. (It depends on whose coattails you’re riding).
In the end, I hope you “don’t listen to anyone” do your own research, and go with your gut feeling.
One of the things I “don’t” like about the platform is the “Fees.” The fees are a little on the hidden side, and this is why I’m making this blog post.
The second thing I’m not sure I like is the social part of the program. You can easily get caught up in overthinking an investment.
If you ask the community what they think of an asset, you may get talked out of a good investment!
How to Minimize eToro Spreads and Overnight Fees for Long-Term Gains
The first way to reduce your fees on eToro is when you deposit money. Sure, if you deposit USD, it’s free, but anything else you have to convert to USD, and this costs money.
You may want to consider a way to convert the currency before making a deposit. One way currency converter you can check out is PayPal.
You can see the currency converter fee on both platforms and choose the platform with the smallest fee.
The second way you can reduce your fees is when you withdraw money. The minimum amount you can withdraw is $30, and you get charged $5 per withdrawal.
How to reduce your fees with withdrawals is to make 1 LARGE withdrawal instead of many small ones.
The third way to reduce fees is with the spread fees. Etoro earns money EVERY time you make a trade. This is why they make it easy for you to copy other traders.
Every time this trader makes a trade, you will pay a fee, and eToro earns money. Be “very” careful when copying a trader, and maybe even NOT copy another person.
The fourth way you can save money is with CFDs (contracts for difference). There are fees for weekends and overnights if you have an open order. You could NOT trade CFDs to save on these fees.
Another idea is to NOT have an open order when the time is 5:00 PM New York or if it’s on the weekend.
The last way to save money on fees is by joining a club. For example, you could join the diamond club and NOT pay any fees when withdrawing money.
Oh, and I can’t forget about the inactive account fee. If you don’t log in to your account for 12 months, you get charged a fee. You could make it a habit to log in once a month.
I try to log in to ALL my accounts at least once a month to see how I’m doing. There is a story of someone who purchased Amazon stock and never logged into his account to check on it.
After 20 Years, the state he lived in seized the stock and sold it, this is due to (unclaimed property). He lost “a lot” of money. You can view more of this story by clicking on the link HERE.
Wow, imagine losing all that money, that would suck.
Conclusion: How to avoid eToro conversion fees with eToro Money!
It’s also not a bad idea to diversify. One way you can do that is through affiliate marketing.
You can do it anywhere, anytime, around your schedule, in nearly any niche, have tons of fun, and make some extra cash.
I’ve been at it for 15 years, and I share some of the secrets I’ve figured out for FREE HERE.
I hope this blog post on is eToro really free was helpful to you. Bye for now.