How to withdraw funds from eToro
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Withdrawing from eToro is quite simple. Currently, eToro supports you in withdrawing money using the method you have already used to deposit. However, it is a bit difficult for newcomers who have never made a withdrawal. So, in today’s article, we will guide you through the steps to withdraw money from your eToro account.
What are the necessary conditions to open a withdrawal request?
Please note that you can only withdraw from your available balance, so you should ensure that you have the funds available in your balance before making a withdrawal request.
If you have funds invested in open positions, you can free up more funds by closing positions. Once a position is closed, the invested amount +/- any profit or loss be returned to your available balance.
- The minimum withdrawal amount is $30. There is no maximum withdrawal amount.
- Your account needs to be verified, which means there is a green checkmark on the profile.
How to withdraw money from eToro
To place a withdrawal request, please follow these steps:
- Click on the Withdraw Funds tab in the left-hand menu.
- Enter the amount to withdraw (in USD)
- Complete the electronic withdrawal form as required. Currently, eToro allows users to select specific withdrawal channels.
- Click Submit.
Please note the following important points:
- Your account needs to be verified.
- Please note that you are required to provide an alternative payment method if eToro cannot refund your original deposit method.
- Another important note is that you cannot ask others to withdraw your funds or deposit your withdrawals to any other form of the third party. It is eToro’s policy to ensure the safety of your eToro funds.
After completing the above steps, you will receive a confirmation letter from eToro to ensure that you have requested a withdrawal from your account.
eToro withdrawal methods
eToro supports a variety of withdrawal methods. These are all the same methods as are available for making a deposit. However, it is essential to remember that you can only withdraw in the same way you have used to make your deposit.
If you use a combination of methods, such as credit card and bank transfer, you receive funds to the respective methods deposited.
If your deposit method is locked or unusable for any reason, you can use an alternative withdrawal method. eToro may ask you for proof of this to change to another withdrawal method.
Is there a fee for withdrawing from Etoro?
All your withdrawal requests are subject to a fee of 5 USD. By default, you withdraw USD. Withdrawals from an eToro account in any currency other than USD are subject to a conversion fee. The payment service provider collects this conversion fee.
Compared to the benefits that eToro provides, 5 USD is quite a comfortable fee. The purpose is to encourage users to consider withdrawing when they have reached a relatively stable profit instead of continuously withdrawing because withdrawal requests go through the payment control system and take longer to process than deposit requests.
However, if your eToro account is Platinum level or higher, you get a 5 USD free withdrawal fee.
How to know your withdrawal request has been processed?
You receive an email notification when your withdrawal request has been processed along with the payment provider details to which eToro sent the funds.
Alternatively, you can also tap on Portfolio and go to the History tab to see the status of your withdrawal.
How long does it take to process a withdrawal request, and when will the customer receive the funds?
The withdrawal process includes Withdrawal processing time and money receiving time. The processing of withdrawals is handled by eToro. Besides, the time to receive your money is already in the hands of the payment service provider.
- Withdrawal request processing: 1 day.
- Receiving money time depends on the payment service provider you withdraw.
|Payment method||Time taken to receive funds|
|eToro Money||Instant withdrawal|
|Credit / debit card||Up to 10 business days|
|Bank transfer||Up to 10 business days|
|PayPal||Up to 2 business days|
|Neteller||Up to 2 business days|
|Skrill||Up to 2 business days|
|Trustly||Up to 2 business days|
|iDEAL||Up to 2 business days|
How to cancel a withdrawal request?
As long as your withdrawal request is Under Review, you may cancel it via your Portfolio by clicking on the blue History icon and clicking the Reverse button on the request you wish to cancel.
What should you do if the money does not appear in your account?
Tap the category card. Then go to the history card to check your sent eToro payment method. Or, you can check the email you received regarding the processing of your withdrawal.
You should also note that it will take eight business days from eToro processing your withdrawal request for the funds to appear on your account statement.
If you have checked all the items above and still cannot find your money. Please get in touch with eToro for assistance. eToro will ask you for a payment method statement showing incoming and outgoing transactions from when you make your withdrawal until you contact eToro. It would be best to ensure that eToro can see your name, transaction date, and payment method details.
If the withdrawal process fails, who should you contact?
If you have questions regarding your account on eToro or have problems with withdrawals for unknown reasons. Who should you contact?
eToro Customer Service is always ready to help you. You can contact eToro by opening a support ticket.
- Live Chat and coupons can be used 24 hours from Monday to Friday.
- Be sure to contact eToro from the email address you used to register your account.
So we have guided you to withdraw money from your eToro account. I hope this article is helpful to you. Good luck!
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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