Initial Deposit eToro

According to the information listed on the eToro broker website, you can start trading by depositing funds of $50 to $10,000. However, keep in mind that the funds you deposit should be "cold money" that is not used for daily needs. Therefore, the amount of funds you deposit should be adjusted to your financial capabilities. Thank you

If I want to deposit 500k, is that the minimum? Do I need to convert it to dollars first or can I use rupiah directly?

@Andrea: Deposits at broker eToro are only accepted in 3 currencies, US Dollar (USD), Pound Sterling (GBP) and Euro (EUR) so the deposit we will make will be converted to one of those currencies first using the exchange rate (currency rate) of the bank we use when making the deposit. Therefore, 500 thousand is not enough for $50 with the current exchange rate which is around Rp 14,100.00.

Thank you

Is there no deposit bonus from eToro?

I've been looking at eToro's website and they also have a wallet. Is its function similar to PayPal, Neteller, etc.? So can it be used for transfer deposits? Or how?

@Bu Hani Maulida: eToro broker does not have a deposit bonus, ma'am.

@Panduagung: The eToro wallet provided by the eToro broker functions as a secure storage for crypto assets. This differs in function from paypal, neteller, skrill, etc. which are used as tools for depositing and withdrawing trading accounts. By using the eToro wallet, you can do the following three things:

• Transfer crypto assets from the eToro trading platform
• Send and receive crypto assets from and to other eToro wallets
• Perform conversions from one crypto asset to another

Thank you