eToro Currency Conversion Fee Explained (2026)
As of June 2026, eToro charges a currency-conversion fee of around 0.75% when a GBP or EUR account buys assets priced in US dollars, such as most US shares. There is no conversion fee when a USD account trades USD-priced assets. The fee is built into the exchange rate applied at the point of trade rather than shown as a separate line. Capital at risk.
Reviewed by Yaniv Barshaf · Fees verified June 2026 · Our methodology
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What is eToro's FX fee and when does it apply?
eToro's currency-conversion fee is charged whenever your account's base currency differs from the currency of the asset you are trading. Because the vast majority of eToro's stocks and ETFs are priced in US dollars, a GBP or EUR account holder incurs the conversion each time they open a US-dollar position. As of June 2026 the fee is approximately 0.75% of the converted amount, applied through the exchange rate rather than as a visible charge. A USD account trading USD assets pays no conversion fee. The fee applies on the way in, when you convert local currency to buy, and can apply again on the way out. This makes it one of eToro's more significant costs for non-USD clients, since it recurs on every trade rather than being a one-off.
A worked example
Suppose you hold a GBP account and buy £1,000 of a US-listed share. At a conversion fee of around 0.75%, roughly £7.50 of that trade goes on the currency conversion, leaving about £992.50 invested. If you later sell and convert the proceeds back to sterling, a similar conversion may apply again, so a full round trip can cost close to 1.5% in FX terms before any share-price movement. On a larger £10,000 position, the entry conversion alone is about £75. These figures are illustrative and depend on the exact rate applied at the moment of trade, but they show why frequent traders on a GBP or EUR account should factor conversion costs into their expected returns.
How it compares to Trading 212 and XTB
On currency conversion, eToro is more expensive than two alternatives on our site. As of June 2026, Trading 212 charges 0.15% and XTB charges 0.5%, both below eToro's roughly 0.75%. On a £1,000 US-share purchase, that is about £1.50 with Trading 212, £5 with XTB and £7.50 with eToro. For an investor placing many US trades from a GBP or EUR account, this gap compounds over time. That said, FX cost is only one part of the picture: spreads, commissions, available markets and platform features all matter. If low currency-conversion cost is your priority and you trade US assets from a local-currency account, the difference is worth weighing carefully against what each platform otherwise offers.
How to minimise the conversion fee
The cleanest way to avoid eToro's conversion fee is to hold a USD account and trade USD-priced assets, removing the currency mismatch entirely — though this shifts FX exposure to your deposit and withdrawal points instead. Alternatively, favour assets priced in your base currency where available, or focus on ETFs and shares that match your account currency. Trading less frequently also helps, since the fee recurs per conversion: a buy-and-hold approach incurs the cost far fewer times than active trading. Finally, be aware that converting on both entry and exit doubles the impact, so holding positions longer spreads that cost across a longer period. Consider whether a rival with a lower FX fee suits your trading style better.
The bottom line
As of June 2026, eToro's roughly 0.75% currency-conversion fee is higher than Trading 212 (0.15%) and XTB (0.5%), and it recurs on every USD-asset trade from a GBP or EUR account. Trading less often, or matching account and asset currency, keeps the cost in check.
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Frequently Asked Questions
How much is eToro's currency conversion fee?
As of June 2026, eToro charges approximately 0.75% to convert GBP or EUR into US dollars when buying USD-priced assets. The fee is built into the exchange rate at the point of trade. A USD account trading USD assets pays no conversion fee.
When does eToro charge an FX fee?
The fee applies when your account's base currency differs from the asset's currency — typically a GBP or EUR account buying US-dollar shares or ETFs. As most eToro assets are USD-priced, non-USD account holders usually pay it on each trade, on entry and again on exit.
Is eToro's FX fee higher than Trading 212 or XTB?
Yes. As of June 2026, eToro's roughly 0.75% conversion fee exceeds Trading 212's 0.15% and XTB's 0.5%. On a £1,000 US-share trade, that is about £7.50 with eToro versus £1.50 and £5 respectively for the other two platforms.
Can I avoid eToro's conversion fee?
Yes, by holding a USD account and trading USD-priced assets, which removes the currency mismatch. Trading less frequently also helps, since the fee recurs per conversion. Holding positions longer spreads the cost, as conversion can apply on both entry and exit.