Things you need to do before closing/deleting your eToro account

TutorialsJune 26, 2022

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For various reasons, you want to close/delete your eToro account. Before closing your account, we recommend that you do the following.

It saves you from troubles that you don’t anticipate.

Think carefully before deleting your eToro account.

You consider whether it is necessary to close/delete your eToro account because the account that was closed by your request cannot be reopened forever.

  • Once you manually close your eToro account, you can never open it again. The account’s transaction history is also not allowed to be transferred to any of your new accounts.
  • Remember that each investor’s eToro account username is unique. You cannot reuse the Username of a deleted eToro account.
  • If you want to use the email and phone number you used to register for your eToro account, you must contact support from eToro support because you can’t reuse them yourself.

Choose the right time, and close all your open positions on eToro.

If you still want to close your account after careful consideration. The first thing you need to do is check your investment portfolio (if any). Next, close all open trading orders.

Avoid the case of still open orders that have already closed the account. Available orders are closed by eToro at the price you do not want.

Actively withdraw all funds in eToro before closing/deleting the account.

After closing all open trading orders, withdraw the entire amount in your eToro account.

You only close/delete your account when you receive enough money from eToro to your bank account or e-wallet.

When you make a withdrawal from eToro, the withdrawal fee is 5usd/time, no matter how much you withdraw. You get free withdrawal fees if your account is platinum level or higher.

Conclusion

Here are the things you need to do before closing your eToro account. It ensures your orders are closed as you want, free from eToro interference. Besides, you get your money fast and without any other hassle.

Please see more detailed instructions on how to delete an account here.

With just a few taps, you can manually close your eToro account. Don’t hesitate to contact customer support for detailed instructions in case of trouble closing your account. We encourage you to use the live chat form to resolve the issue quickly.

Read more: etoro

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