The EUR account offers you a more localised trading experience, and means that you can deposit, hold and fund trades in your local currency, rather than having to convert to USD by default upon depositing. This allows you more choice, plus you don’t have to pay conversion fees when you trade EUR-based assets.

There are several potential advantages to making trades using funds from your EUR account:

• Convenience: You can access your funds in EUR, and invest directly from the trade execution screen with no need to manually deposit or withdraw to or from your USD-based investment account. 
• Choice of currency: You can hold funds in EUR (in your EUR account) or USD (in your eToro investment account), which allows you to decide how to manage both your currency strategy, and exposure between USD and EUR. 
• Reduced conversion costs: There are no conversion fees when you fund trades of EUR-based assets, with your EUR account. There are also no conversion fees when you transfer (i.e., deposit or withdraw) between your own local bank account and your eToro EUR account.

EUR account services are only available to EU residents.

Yes. You can hold EUR currency in your EUR account and USD currency in your eToro investment account concurrently. This allows you to decide how to manage your currency strategy and exposure between USD and EUR.

Not at this time.

Currently available for trades with underlying (“real”) assets only.

It’s important to understand how the currency conversion and trade execution process work, when you open a position on eToro using funds from your EUR account (eToro Money). 

• When you open any position on the eToro investment platform with funds from your EUR account, your EUR funds are converted to USD, and moved to your USD account (eToro investment account), from where your trade is executed.  (There are no conversion fees incurred for the conversion to USD described above.)
• If the asset you are buying is USD-based, then no further currency conversion is required.
• If the asset you are buying is EUR-based, we will convert your funds to EUR, but we will not charge you any conversion fees.
• When buying assets based in EUR: while your order is pending, changes to the USD exchange rate at the time of conversion may impact the price of the position you are trading, affecting the cost to buy, or the proceeds you receive.
• For out-of-hours and limit order trades, the funds will be converted to USD when you create the order and will be held in USD while your order is pending. Note that if you cancel the order, the funds may be returned to your USD balance, and not to your EUR account. 
• Trading with your EUR account is only available for real stocks and cryptoassets. CFDs, Copy and Smart Portfolio investments can only be made with USD funds.
• If your USD account has a negative balance, the option to select your EUR account on the trade screen will be disabled. You will need to add funds to your USD account, to bring it back to at least zero in order to enable trading with your EUR funds.

By opening a position using funds from your EUR account, please note that the eToro Money Malta Ltd entity is transferring funds to the eToro (Europe) Ltd entity for execution. Note that if the execution of the trade fails, the funds may remain in your eToro investment account (in USD).

• Closing a position with proceeds going to your EUR account follows a similar process to when you open a position using funds from your EUR account. 
• The proceeds from your closed trade are first converted to USD (if not already in USD), then to EUR, and then transferred to your EUR account.
• If your position is based in EUR, we charge no conversion fees to send the proceeds.
• If you wish to send funds from your copy investments to your EUR account, you can use the Stop Copy and Keep feature, which will put the underlying assets in your eToro investment portfolio, and from there, you can close the position to your EUR account.

Trading Fees

• When opening and closing positions with funds from your EUR account, our regular trading fees apply. Learn more here.
• These fees are initially calculated in USD, then converted to EUR, and included in the amount taken from your EUR account upon opening or closing a position. 

Conversion fees

• There are zero conversion fees when trading EUR-based assets using funds from your EUR account.
• Conversion fees may apply when trading non-EUR-based assets using funds from your EUR account.

To deposit funds to your EUR account:

1. Log in to the eToro platform.
2. Click on the Wallet tab.
3. Under eToro Money Account, click Add Funds.
4. Enter the amount you want to deposit and follow the instructions.

There are several ways in which you can transfer funds between your EUR account and your USD account. 

To transfer funds from your EUR account to your USD account:

Using the Wallet tab:

1.  In the eToro platform, select Wallet in the main menu.

2. Click Add Funds under Investment Account.

3. Select EUR account (eToro Money) from the dropdown menu.

4. Enter the amount you want to transfer to your USD investment account.

5. Click Deposit.

Using the Deposit Funds option:

1. In the eToro platform, click Deposit Funds in the main menu.

2. Select EUR account (eToro Money) from the dropdown menu.

3. Enter the amount you want to transfer to your USD investment account.

4. Click Deposit.

To transfer funds from your USD account to your EUR account:

Using the Withdraw Funds option:

1. In the eToro platform, click Withdraw funds from the main menu.

2. Select EUR (eToro Money) account as the location to which you wish to withdraw your funds.

3. Enter the amount you want to transfer to your EUR account.

4. Click Withdraw.

EUR account services are provided by eToro Money Malta Ltd.

We keep your funds in a designated safeguarding account at a fully regulated bank in the EU. This approach ensures that your money remains safe and accessible, providing an extra layer of security for your assets. These funds cannot be used by eToro Money for anything other than facilitating your payment transactions, so, for example, we can’t go and invest it in the markets or lend it to other clients. This means that, in the unlikely event of insolvency, your funds held by eToro Money are covered in their entirety, other than the cost of returning the funds to you. Find out more about how we safeguard your funds here.