Etoro in Ireland

What is Etoro?

eToro is an online trading platform that allows the trading of stocks, cryptocurrencies, contracts for difference (CFDs), commodities and currencies.
Etoro is available for residents of Ireland to use on the web and on mobile (Apple and Android) .

This article contains some information on the following

  • Details of Etoro’s regulation
  • A summary of the main features of Etoro
    • Stock Trading
    • Fractional Shares
    • Crypto Trading
  • Details of the Fees on Etoro for Irish customers
  • How to avoid conversion fees with Etoro in Ireland

Etoro Regulation

Founded in Israel in 2007 , Etoro operates in Ireland and more than 140 other countries and claims to have 11 million users.
Irish residents who access eToro will use eToro (Europe) which is based in Cyprus and regulated by the Cyprus Securities & Exchange Commission. It uses EU passporting rules to allow it to operate across the single market.

One of the unique selling points of eToro is “social trading “. Basically, this means you can view other traders portfolios and detailed statistics. If you feel confident in a trader, you can choose to copy them. This will automatically copy all their future transactions from that point on. Whatever they do in terms of investing and trading will happen with your money too meaning if they make 10% profit, so do you. Of course – if they make a loss – so do you. Because of the unknown consequences of copy trading – it is high risk.

Share Trading on Etoro

Etoro has access to hundreds of shares on several stock exchanges around the world (But not Dublin).
They don’t have access to all the stocks on each exchange – but they do have a pretty good selection.

For example :
NYSE – 1033 stocks
NASDAQ 712 stocks
London LSE 298 stocks
Frankfurt 115 stocks
ETFs (mainly USA) 263
(Numbers checked December 2021)

Fractional Shares on Etoro

You can buy fractional stocks on eToro – the minimum trade size is just $10. This facility is not available with all brokers. It is good for smaller investors who can’t afford to pay the high prices for shares such as Amazon , Facebook or Microsoft.
More here about Buying Fractional Shares

Some ETFs are also available on Etoro
EU/UK ETFS can be bought just like shares with no commission. Fractional purchases are possible with ETFs too.
However , non EU ETFs can only be “traded” as CFDs – so you don’t actually own them and there may be some small fees charged on them. More about CFDs here.

Compare ETF Brokers Fees

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
68% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Share Trading Fees on Etoro

eToro does not charge a commission when you buy or sell shares .
An added bonus is that eToro pays the stamp duty or Financial Transaction Tax that you would normally have to pay on some stock exchanges
That will save you 0.5% on purchases of UK shares , 0.3% on Fench stock exchanges, and 0.1% on Italian exchanges.

You can see our comparison of Etoro’s fees with other online brokers here.

Your capital is at risk. Other fees apply. For more information, visit

Buying Cryptocurrency on Etoro

There are over 40 crypto coins available to trade on Etoro.
These include Bitcoin , Ethereum, Shiba INU ,Ripple , Dogecoin and Cardano .
When buying cryptocurrencies on eToro, you gain ownership of the assets.
As with stocks and shares – the minimum crypto trade is just $10 USD – so it’s ideal for beginners.

When buying cryptocurrencies on eToro, the only trading fees charged are the spreads – eg. 0.75% on Bitcoin 1.9% on Ethereum, 2.9% on Dogecoin (DOGE).
This works out cheaper than Coinbase where Bitcoin purchases by bank transfer are charged a 1.49% fee.Credit and debit card Bitcoin purchases are charged a 3.99% fee on Coinbase.

There is a charge of 0.5% (capped at $50) if you want to withdraw your crypto assets to the eToro wallet.

Note : Cryptoasset investing is unregulated in some EU countries and the UK.
No consumer protection. Your capital is at risk

Buying cryptocurrency is fairly simple on Etoro. You just select the crypto coin that you wish to buy, then select Trade then Select BUY. You need to ensure that leverage is set to X1 and then enter the amount in USD or the number of units you wish to trade and finally select Open Trade.

How To Deposit Money With Etoro in Ireland

You can use any of the following methods to deposit money on Etoro.

  • Bank Transfer (Minimum $500)
  • Credit Card (minimum $50)
  • Debit Card : Only debit cards that can receive funds and have a 3 digit CVV code at the back of the card are accepted for deposits. (Minimum $50)
  • E-Wallets such as PayPal, Skrill and Neteller (Minimum $50)

Minimum Deposit on Etoro in Ireland

All deposits via Bank Transfer must be at least $500.
For all other methods, Etoro currently requires a minimum deposit of just $50 USD for Irish customers.
However, they sometimes increase this minimum level during very busy periods.(It was $200 for a while in 2021).

eToro Currency Conversion Fees

With eToro , there is a currency conversion fee that you need to take into account if you deposit or withdraw Euros. This is because all account balances at eToro are denominated in US dollars.

  • Euro bank transfers are charged 0.5% currency conversion fee.
  • Debit/credit card, Paypal and Skrill deposits that are not in USD will incur a 1.5% currency conversion fee.

How to deposit and withdraw US Dollars and avoid Etoro Conversion fees

Using N26 for USD Deposits on eToro

Using an N26 debit card is a good option because N26 doesn’t charge any fees on card spending in USD or any other foreign currency. We have tested out using N26 to deposit USD and withdraw USD with Etoro – and it works fine. There are no fees from either N26 or Etoro and the exchange rate used by N26 is good. You will only be allowed to withdraw what you originally deposited with the N26 card. Any profits will need to be paid to a bank account or Paypal. (See below for more info.)

Using Revolut for USD Deposits on Etoro

Etoro says that a Revolut account is now accepted for bank transfers USD deposits and withdrawals -(we have tried this out and it worked in December 2021).

Revolut Bank Transfers

You can set up a bank transfer to Etoro from a Revolut USD account. On Etoro you select ‘Bank Transfer’ on the “Deposit Funds” page and use the Etoro bank details provided to complete the transfer with Revolut in USD.
The Etoro USD account for Irish deposits is not located in the USA.
Revolut charges a flat fee of €3 to send USD to a USD account that is not located in the USA. (The paid accounts on Revolut allow a small number of free transfers per month)
On a $500 transfer – a €3 charge is the equivalent of a 0.77% charge – so you would be slightly better off sending the equivalent of $500 in Euros to Etoro and let them charge you a 0.5% conversion fee. ($2.50)
However – on larger USD bank transfers the €3 Revolut fee will work out cheaper. For example, a €3 fee on a $5000 transfer works out at $3.86 or 0.077% , this is much lower than letting Etoro charge you a 0.5% conversion fee of $2).

We have also verified that it is possible to withdraw USD from Etoro to a Revolut USD account.

Etoro states (checked Dec 9 2021) : “If it is the first time you are using Revolut on eToro, we will contact you to request additional documentation, which may include the following:”

  • An International Money Transfer form
  • A copy of your Revolut account statement showing the transfer to eToro
  • A copy of your bank or card statement showing transfers to your Revolut account that cover the amount you wish to deposit to eToro

Be aware that all Etoro deposits via Bank Transfer must be at least $500. Revolut’s standard account has a €1000 per month limit on currency conversion – after that, they charge 0.5% which is the same as eToro’s rate. So you will need to get Revolut Premium to have no fees at all on currency conversion but that costs €7.99 per month. Just another reason why we recommend using N26 for deposits.

If you hopefully make a profit and eventually need to withdraw more than your total deposit – then you could use a Revolut USD account to avoid the Etoro conversion fees. Otherwise, you will need to accept a 0.5% fee to withdraw to a Euro bank account. ($5 on every $1000)

Using a Revolut Debit Card

Etoro does not specify the possibility of using a Revolut card to deposit and withdraw USD. We are aware that many people have used a Revolut card to send USD to Etoro but several others reported problems getting USD from Etoro to a Revolut card.

Using Paypal With Etoro

You can use Paypal to deposit and withdraw USD with Etoro. However – we do not recommend using Paypal to convert your Euros to USD before you send them to Etoro. The exchange rate used by Paypal will work out a lot worse than the 0.5% Etoro conversion fee. On the day we tried it – the Paypal exchange rate ended up costing 3.5% – which is 3% more than the 0.5% Etoro fee.
Some people have reportedly used a Revolut card to send USD to Paypal and then send the USD to Etoro. When we tried this out , it worked OK BUT Paypal would not allow the withdrawal of USD back to Revolut. That means you would end up having to use Paypal to convert to Euros and that would be more expensive than paying the 0.5% Etoro fee.

Using Other Irish Debit Cards with Etoro

Using any “mainstream” Irish bank debit card (AIB/BOI etc) to pay in USD is also possible- but there will be a card fee of 2% to 3% (capped at €12 except for An Post) .
We have worked out , if you haven’t got N26 – it would be more expensive to use a “normal” debit card when depositing less than $2500 USD instead of letting Etoro do the conversion at 0.5%.

Withdrawal Fees on eToro

There is a flat $5 fee on all withdrawals from Etoro. The minimum withdrawal is $30.
Currency conversion fees for all withdrawals not in USD are 0.5% , just like deposits..
However, if you deposited USD using a debit card such as N26, you can then withdraw USD to that card from Etoro without any conversion fees.
Etoro will send the USD to your N26 debit card in the same way you would get a USD refund from a retailer. N26 will apply the exchange rate on the day and automatically convert it to Euros and will not charge any extra fees.
We can confirm this works and the exchange rate used is as good as you would get from Etoro.

It seems that you cannot automatically withdraw money from Etoro to a different source than the one you used to deposit from.

If your original deposit source is no longer valid or available, you’ll need to provide proof to eToro that any new account belongs to you.
Also – as mentioned above – You will only be allowed to withdraw what you originally deposited with a debit card.
So if you make a profit – that will need to be withdrawn to a bank account (or Paypal) .

Etoro Inactivity Fee

After 12 months with no login activity, a $10 monthly inactivity fee will be charged on any remaining available balance.

You can see our comparison of Etoro’s fees with other online brokers here.

All the figures and limits given in this article relate to the use of Etoro in Ireland. There may be different fees and limits in other countries.