Does etoro charge commission fees?

When you sell stocks, we pay regulatory transaction fees on your behalf. You're probably wondering what the hell the Libor is. If you use leverage, it means that eToro is lending you money, so they're charging you an interest rate. The Etoro trading platform only works with dollars, so when you deposit money from other currencies, a conversion fee is charged.

eToro is a multi-asset platform that offers investments in stocks and crypto assets, as well as CFD trading. I'm trying to find out all your fees, but I haven't been able to find the same details that you have here on Etoro. Like most other CFD trading platforms, eToro charges fees from one day to the next, which are basically small fees to lend you the money needed to maintain the asset overnight. Non-trading fees include various fees and brokerage charges on eToro that are not related to the buying or selling of assets.

To complicate things a little more, the Etoro platform has different conversion fees depending on the deposit method. As far as I understand it, eToro first charges a currency conversion fee when I deposit funds into my account, and then, when I want to withdraw the profits, they charge a withdrawal fee and a currency conversion fee again. In the next chapter, we'll discover what these fees are on eToro and how they compare with the fees charged by its closest competitors. In short, spread fees are charged when you buy anything on eToro, stocks and any other asset or instrument; however, they are included in the purchase price you see on eToro.

In addition to eToro, I use some other platforms to trade stocks and they are a little cheaper, but they have fewer options, since they do not operate with CFDs, but with real assets. eToro will charge a currency conversion fee for all transactions with instruments denominated in a currency other than the currency in your account.

Carl Brown
Carl Brown

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