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How to Delete your eToro Account?

Phoebe • Tutorials • July 31, 2021

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If for some reason, you have opened an eToro live account and you no longer wish to trade, you can consider closing your eToro account. The traditional way to delete an eToro account was to contact their support team and request closure. However, it is more convenient for traders nowadays to close their eToro accounts by themselves with an available button on eToro. Below are a few simple steps to delete your eToro account.

What happens when eToro closes your account?

Once your account is closed by eToro, you can never reopen it again. Please consider carefully and make sure that you have closed all your open positions, withdraw all your money before closing your account.

However, you can always create a new one using a new username and email address. eToro allows you to own more than one account.

How to automatically close an eToro account

Step 1. Log in to your eToro account. Close all your current positions and withdraw all money from your trading account. Then access to Customer Service Center by clicking on “Help” and selecting “Contact Support.”

How to Delete your eToro Account?

Step 2. Click “Open a New Ticket” and choose “Account Details” under the “Type of Query” box.

How to Delete your eToro Account?

Step 3. In the ” I would like help with”  tab, select “Close My Account.” If you wish to proceed, please click on “Close Account” at the bottom.

How to Delete your eToro Account?

Step 4. After that, it will take you to a new page. There, select the reason you want to leave and click “Continue.”

How to Close your eToro Account?

Step 5. eToro will give you some solutions to your problem. If you change your mind and want to stay with them, choose “Back”. If you still decide to leave, hit “Continue”.

How to Close your eToro Account?

So, you have completed your eToro account closure. After that, eToro will send you a confirmation email, and the account closure process may take up to 3 days. 

How to close an eToro account via the support team

If you cannot close your account automatically, you can contact eToro support to request it.

You need to open a support ticket with options like the image below.

See more how to open a support ticket here.

Once your account is closed by eToro, you can never reopen it again. Please consider carefully and make sure that you have closed all your open positions, withdraw all your money before closing your account.

In fact, if you haven’t funded your account, there is no need to close it, as eToro doesn’t charge any fees for unused accounts. You can keep your account active for practicing on the eToro demo and retain your access if you cancel the request of closing your eToro account.

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eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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