Compare me etoro fees with revolut fees
8/9/2024 02:36am
eToro and Revolut both charge fees for their services, but the specific fees and the types of services they apply to differ between the two platforms.
1. **eToro Fees**:
- **Trading Fees**: eToro charges a commission fee starting from $1 or $2, depending on the country and stock exchange, for investing in stocks.
- **Inactivity Fee**: eToro charges a monthly inactivity fee of $10 after one year of inactivity.
- **Withdrawal Fee**: The basic withdrawal fee is $5, but some transactions may cost more.
2. **Revolut Fees**:
- **Standard Subscription**: No fee for adding money via bank transfer within the same country, but fees apply for adding money via domestic debit or credit cards and for ATM withdrawals over a certain limit.
- **Premium Subscription**: A monthly fee of $9.99 applies, and fees for adding money via domestic debit or credit cards and for ATM withdrawals over a certain limit are waived.
3. **Comparison**:
- **Stock Trading**: eToro charges a commission fee for stock trading, while Revolut does not charge a fee for currency conversion within certain limits.
- **Inactivity**: eToro charges an inactivity fee, while Revolut does not have a similar fee.
- **Withdrawals**: eToro has a basic withdrawal fee, while Revolut's fees depend on the type of withdrawal and the subscription plan.
4. **Conclusion**: Both eToro and Revolut charge fees for their services, but the nature and amount of these fees vary. eToro's fees are more directly tied to trading activities, while Revolut's fees are primarily related to subscription plans and currency conversion. Investors should consider their specific needs and trading patterns when choosing between the two platforms, keeping in mind the fees associated with each.