What is eToro's credits policy?

Any credits given to you by eToro are intended to enhance your trading experience and portfolio. In the interest of fair trading, these credits are considered a NWA (non-withdrawable amount) until the trading volume requirements have been met. This means that you can convert your eToro credits into a withdrawable amount simply by trading. 
 
Every time you close a trade in which credits are invested, your NWA will get lower and consequently more of your equity will become available for withdrawal!  

In accordance with this principle, the amount invested in open positions will always be taken from your real cash equity before incorporating eToro credits. 

The added benefit of eToro credits is that once your cash equity has been fully invested, these credits can be used to increase your margin and leverage your investments. 

It is important to note that your NWA gets lower with every trade that you close and also that any profit or loss as a result of trading, will always belong to your cash equity. 

For example:

You have just deposited $100 and were granted  $10 in eToro credits, making your equity $110.

$10 of that $110 are marked as the “Non Withdrawable Amount” (NWA).

Different instruments may carry different percentages :

Forex Major Pairs (any pair where the USD is one of the currencies) : 30% earned.

Forex Crosses (all other Forex pairs) : 20% earned. 

Commodities and Indices : 10% earned. 

Stocks : 30% earned. 

For your convenience, here are some examples of how it works:  

1. Forex Major Pair: You trade 10,000 Units of EUR/USD and close the trade. If the spread was $3, your NWA will be reduced by $0.90 (3 x 30%) bringing your NWA to $9.1 (10 - 0.9)

2. Forex Cross: You trade 10,000 Units of GBP/JPY and close the trade. If the spread was $1.3, your NWA will be reduced by $0.26 (1.3 x 20%) bringing your NWA to $8.84 (9.1 - 0.26)

3. Commodity: You trade 10 Units of OIL and close the trade. If the spread was $1.4, your NWA will be reduced by $0.14 (1.4 x 10%) bringing your NWA. to $8.70 (8.84 - 0.14)

 

Instrument

% Earned

EUR/USD

30%

GBP/USD

30%

NZD/USD

30%

USD/CAD

30%

USD/JPY

30%

USD/CHF

30%

AUD/USD

30%

All other Currency Pairs

20%

Commodities (Oil, Gold, Silver)

10%

Indices (SPX500, NSDQ 100, DJ30, UK100, FRA40, GER30)

10%

Stocks

30%

Bitcoin

10%

ETFs

30%

 

**eToro credits may expire and are subject to deductions upon withdrawal of cash equity from the account. 

Any credits given to you by eToro are intended only to enhance your trading experience and portfolio. If you are withdrawing funds related to your eToro credits, your withdrawal will be subject to a credits deduction. eToro will contact you via email if such a deduction is needed.

For further details, please see section 1.22.2 of our Terms & Conditions.