How do I open a position using my local currency account balance?

If you hold a local currency account*, you can use its funds to open positions on:

• stocks, ETFs, or crypto secured with the underlying assets
• CFDs on USD-based assets and indices, commodities, and currency pairs

All trades and transactions on the etoro investment platform are executed in USD, but if you fund or close trades in assets with the same base currency, no conversion fees apply.

etoro app

To open a trade using your local currency balance.

1. Choose an asset and select Trade.
2. In the trade window, tap the dropdown next to 'Available USD'.
3. Choose Available GBP, Available EUR, Available DKK, or Available AUD.
4. Review the estimated costs by clicking the 'i' icon next to 'Estimated costs'.
5. Click Buy to open the position.

etoro AI

To open a trade using your local currency balance in the etoro AI app:

1. Open the asset and tap Trade.
2. Tap Available.
3. Choose your local currency balance in GBP, EUR, DKK, or AUD.
4. Review the estimated costs by tapping 'More Details' at the bottom of the execution screen.
5. Tap Buy to open the position.

You can change the default trading currency in your settings to avoid switching between your balances with every trade.

Note: If you do not have sufficient funds in your default trading currency but do have enough funds in your other currency, the platform will automatically switch to the funded account when you open the execution screen.

Important information

• If you open a position on an asset whose base currency is different from your local account's, conversion fees apply.
• If your USD portfolio value is negative, you can't trade with your local currency balance until it's at zero or higher.
• If an order (market, limit, or out-of-hours) fails or is cancelled, the funds reserved for that order may be credited to your USD account.
• If a Stop Loss or Take Profit is triggered, the position will be closed into the USD account, regardless of whether it was originally opened using funds from a local currency account.
• The asset price may change before execution. If it rises, you get fewer units; if it falls, you'll receive the difference to your USD balance.

*Currently supported currencies: GBP, EUR, AUD, DKK. Additional currencies will be added as they launch.