– eToroX fee 1%
– Simplex fee 4%
* Limits are in USD. The limits above are shown in GBP and EUR for convenience.
USD limits are:
Minimum transaction – $125
Maximum transaction – $10,000
Maximum daily limit – $20,000
Maximum monthly limit – $50,000
Crypto rate – actual market rate is determined by eToroX once the transaction is approved by Simplex. While the payment is pending you may cancel it. To do so please open a ticket directly on Simplex website or use the Live Chat feature on the bottom right side of the Simplex.com website. Once the payment has been approved you may not cancel it.
Blockchain fees – blockchain fees apply for each crypto transaction and are deducted from the crypto purchased as well as the fees above.
Additional fees – for fees that your bank or card issuer may charge, please contact them directly (issuer may charge a variety of cash advance or foreign transaction fees for your card transaction, subject to the terms of your card agreement). The Merchant Category Code (MCC) is 6051.
Please note – your transaction will reflect on your credit card or banking statement as eToroX LTD. Credit card descriptor will be Simplex_eToroX. It will also show on your confirmation email (sent by Simplex).
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eToroX charges no fees for sending or receiving transactions.
Blockchain fees are applicable for sending and receiving.
eToroX charges a conversion fee of 0.1%.
Conversion rates are set according to eToro market rates.
Transactions for all supported cryptoassets have a permitted maximum of $50,000 per transaction, and an overall daily maximum limit of $200,000.
Currently opening an XRP wallet is enabled as part of the coin transfer process and shall be free of XRP wallet creation fees.
Stellar blockchain requires a minimum non-spendable deposit of 2.5 XLM for the activation of a XLM wallet. Once deposited the wallet is activated and you can see the wallet on the Stellar blockchain.
Currently opening an ETH wallet is enabled as part of the coin transfer process and shall be free of ETH wallet creation fees.
ERC20 tokens are supported for users who already have such wallets.
New ERC20 wallets are not available currently.
In order to enhance your assets security, eToro wallet is a multi-signature wallet, using smart contracts for Ethereum.
Unfortunately, not all wallet providers and exchanges support sending and receiving via smart contracts.
Please make sure you know the address provider on the receiving side supports ETH transactions sent from multi-signature addresses.
If there are issues encountered the receiving party’s provider needs to be contacted.
Wallet creation fees (including any discounts) are subject to change at any given time and could change on a daily basis. We encourage you to visit this page periodically to stay updated on current fees.
A Highly Competitive Fee Package
eToroX offers an extremely attractive fee package - ultra-low fees, with a default of 5 bps for all client grades regardless of volume, as well as an innovative inverted maker-taker (“taker-maker”) fee model.
Inverted Maker-Taker Model (“Taker-Maker”)
eToroX has adopted the inverted maker-taker (“taker-maker”) model for its fees, rather than the “maker-taker” fee model. This fee structure has turned the traditional model on its head, and has been embraced by some of the world’s leading platforms and exchanges.
How Does It Work?
Rather than rewarding the maker and charging the taker, the inverted “taker-maker” model flips the traditional pricing structure; the takers who execute trades against the orderbook are paid a rebate or charged a lower fee for removing liquidity from the market.
There are no fees for deposits on eToroX.
Note: For all currencies, there is a quick withdrawal limit of 10K USD per 24 hours. Transactions higher than this amount will be screened, with approval within a timeframe of up to 24 hours on weekdays, and up to 72 hours over weekends.