Etoro fees explained - Guide to all fees + Example + Excel Calculator (Downloadable)
In this video I’ll explain all the different Etoro fees and I’ll show you an example what happens when you invest 1000 pounds and how the fees can eat up your profit, so invest with care! I'll cover following topics on Etoro: 1. Withdrawal fee As there is $25 withdrawal fee. 2. Currency Conversion Fee Etoro operates with dollars only, so when you deposit money from other currencies, they take a conversion fee. Just to confuse all the newbies, conversion fee is calculate in pips. 50pips for UK 250 pips for EUR 3. Spread Fee Spread fees are charged when you buy anything on eToro, stocks, crypto currencies like bitcoin, and so on, however they are included in the buying price that you see in eToro. Spread fee for stocks is 0.09%. 4. Overnight Fee eToro charges also overnight fees, which is basically a small fee for them to lend you the money to hold the item overnight. It doesn't always get applied, mostly when you borrow money (leverage) from etoro. 5. Inactivity Fee If you don’t log in for 12 months to your account, you will be charged monthly inactivity fee of $10 per month. Until you ran out of balance or your login. 6. Excel fee calculator I'll show you what happens when you invest 1000 GBP and how much fees will you have, if you invest in stocks. Join etoro: http://etoro.tw/2ErDB7x Etoro fees: https://ift.tt/2YCvOSX Link to excel calculator: https://ift.tt/2MTPEBO Article about the fees: https://ift.tt/2YAlmv7 Learn more about pips: https://ift.tt/2FLjXDG Great source of social trading and etoro videos on youtube: https://www.youtube.com/channel/UCZ3-jtGH7kE0E02bOdhiMRw If you have any questions, leave me a comment below, I will be glad to help. I hope you liked this tutorial!
via YouTube https://youtu.be/RPCyXJOsEBI
No comments:
Post a Comment