The fees at eToro are different. Fees in the traditional sense are not charged at eToro, because the broker is financed by so-called spreads.
A spread is the difference between the buying and selling price of a currency. To put it simply, eToro uses a spread that is added to the market price instead of fixed fees. The spread is always dependent on the traded asset.
For the purchase or sale of cryptocurrencies on eToro a fee of 1% will be charged. This fee is included in the price that eToro displays. The 1% fee is added to the market price and is called the bid-ask spread.
As soon as you open a new position, you will see a “loss” in the portfolio. This is because the displayed profit and loss (Profit &Loss – “P/L”) includes the 1% purchase fee you just paid and the 1% sale fee you pay when you close the position.
When you close your Ankr position, the selling fee will be adjusted to match the market price of the cryptoasset at the respective time to reflect.
