How to Withdraw from eToro?

Overview of eToro

Broker Name	eToro
Established in	2007
Regulated by	ASIC (Australia), CYSEC (Cyprus), FCA (UK)
Min.Deposit	$10
Tradable Instruments	51 Currencies, 4127 Stock, 32 Commodities, Cryptocurrency, 21 Indices, 421 ETFs, 74 Crytos
Trading Platform(s)	eToro App, Social Trading Platform
Leverage	500:1
Trading Fees	1% on crypto trading, 0% commissions on stock
Payment Methods	Credit/Debit Card, Bank Transfer, Klarna, Sofort, E-Wallets, eToro Money, Trustly
Demo Account	✅
Copy Trading	✅
Payment Options	Debit Card, Bank Account, PayPal, Wire Transfer
Bonus	No
Customer Support	7/24

eToro was founded in Israel in 2007, and has expanded to a range of international markets over the years, allowing clients to invest in stocks, ETFs, currencies, cryptocurrencies, and CFDs. eToro stands out for its social trading features, including CopyTrader, which enables novice investors to copy the strategies used by top performing traders on the network. Beyond accessing global markets, users also benefit from innovative offerings like eToros virtual portfolio capability that allows practice trading using real market data.

Where eToro Shines:

✅ Access to 3,000 tradable instruments

✅An execellent platorm for copy trading and crypto trading

✅0% commissions on stocks

✅Advanced trading features in its mobile app

✅Easy withdrawal from eToro Money

Where eToro Falls Short:

❌No crypto to crypto trading pairs

❌Only one single account

❌Currency conversion and inactivity fees apply

❌$5 fixed withdrawal fees

Is it easy to withdraw funds from eToro？

Withdrawing funds from your eToro trading account is typically a straightforward process. To initiate a withdrawal, you'll need to log into your account, navigate to the withdrawal section, specify the amount you wish to withdraw, and select your preferred withdrawal method.

While eToro strives to make withdrawals seamless, occasional delays or issues may arise. If you haven't received your withdrawn funds within the expected timeframe, it's advisable to allow for a reasonable processing period before contacting eToro's customer support team. When reaching out, provide detailed information about the withdrawal transaction to facilitate quicker resolution.

Notably, if you're withdrawing funds in a currency other than the US dollar, conversion fees may apply. Additionally, your bank, credit card provider, or payment service like PayPal may impose separate charges for the transaction. To avoid surprises, closely monitor your eToro account dashboard or email for withdrawal status updates and any associated fees.

eToro aims to make the withdrawal experience as smooth as possible by offering multiple withdrawal options and clear guidelines. However, if you encounter any difficulties or have specific concerns, don't hesitate to leverage their support channels for assistance.

Some conditions are required to withdraw funds from eToro:

• The minimum amount for withdrawal is $30.

• You must have withdrawable funds available

• Your account needs to be verified, meaning a green tick appears on your profile (if you havent yet verified your account, please contact us and upload the required documents).

eToro employs stringent information security policies and protocols to safeguard clients' personal data, payment details, and documentation, meeting rigorous standards for financial services. Withdrawal requests are subject to a processing fee, which is displayed prior to finalization, allowing clients to review and cancel if desired. eToro prioritizes maintaining privacy and security while providing transparency for a trustworthy user experience.

Note: Any withdrawals sent in currencies other than USD are subject to conversion fees.

How to withdraw funds from eToro？

Option 1.Withdrawal Funds via the Regular Option:

In order to place a withdrawal request, please follow these steps:

1. Click on the “Withdraw Funds ” tab in the left-hand menu.

2. Enter the amount to withdraw (in USD), other currencies may involve conversion fees.

3.Complete the electronic withdrawal form as required.

4. Click “Submit”.

When requesting a withdrawal, ensure your available balance covers the desired amount. If funds are tied up in open positions, consider closing some to free up capital. Upon closing a position, the initially invested sum plus any profits or losses will be transferred to your available balance. This process allows you to consolidate your account balance before initiating a withdrawal request.

NOTE: When withdrawing funds from your eToro account, the money may be returned to multiple sources if you initially funded your account using different payment methods. eToro prefers sending profits to your bank account via ACH transfer for regulatory purposes. As a result, a portion of your withdrawal might go to your debit card, while the remaining amount is transferred to your linked bank account or through a wire transfer.

If you request a wire transfer withdrawal without having a linked bank or PayPal account, eToro will prompt you to connect a new payment method. To facilitate this process, you'll need to make a minimum deposit of $1, which isn't a fee. Once the deposit clears, you can withdraw the entire amount, including the $1 deposit, from your investment account.

Link a bank account or a PayPal account to your eToro investment account:

1. Press on “Link my account via deposit” (or on the left-hand navigation go to “Deposit Funds”).

2. Choose an amount to fund your account. $1 is the minimum amount.

3. Press on the dropdown arrow next to the payment method.

4. Select Bank Account or PayPal. Debit card deposits cannot be used for this process. If you choose a bank account, select your bank from the list.

5. Enter the credentials of your payment method.

6. Press “Deposit” to complete the process.

About withdrawal time：

eToro imposes a 7-day holding period on funds deposited via online banking before those deposits can be withdrawn. After this holding window, withdrawal requests typically take up to 2 business days for eToro to process, provided all necessary information and documentation has been supplied.

Once processed by eToro, timeframes for receiving the withdrawn funds vary based on the withdrawal method chosen. Online bank transfers generally arrive within 3 business days, though occasional delays may occur. Wire transfers can take up to 7 business days to be received. Debit card withdrawals usually take around 4 business days to complete.

Option 2. Withdraw Funds via eToro Money

eToro Money remains a smarter way to manage your money on eToro,which allows traders to enjoy fee-free deposits and instant withdrawals.

Step 1: Withdraw funds from your investment account

To initiate a withdrawal from your eToro investment account, navigate to the “Withdraw Funds” section. Specify the desired withdrawal amount, keeping in mind the $30 minimum requirement. Then, choose the “Withdraw to eToro Money” option, which is typically the default selection. By doing so, your funds will be promptly transferred to your eToro Money account balance. However, it's important to note that in certain situations, such as for security precautions or other reasons, the transfer process may take slightly longer than usual to complete.

Step 2: Withdraw funds from eToro Money to your bank account

Transferring funds from your eToro Money account to an external bank account is a straightforward process. If the recipient account is not already set up, you'll need to add it as a new payee within the eToro Money app.

Begin by accessing the “Cash” tab and selecting “Payments.” Choose the desired account from the list or tap “Add” to register a new payee account. Next, enter the amount you wish to transfer and click “Continue.” You'll be prompted to provide a reference for the transaction before confirming by clicking “Send.” A confirmation screen will appear to finalize the transfer.

While most payments are processed instantly, there may be instances where the transfer could take up to 2 hours to complete. eToro ensures a secure and efficient fund transfer process, keeping you informed every step of the way.

Conclusion

To provide a summary, eToro provides several withdrawal options with reasonable fees and processing times and it tries its best to simplifize its withdrawal process. While withdrawals are generally straightforward, factors like verification status, withdrawal method, and regulatory requirements can impact the speed and routing of funds. Withdrawing funds is not always easy. Regarding your hard-earned money, no degree of caution should be spared.

Disclaimer: All information published in this article is intended for informational purposes only, and it should not be considered as individual recommendations.

FAQs

Q: How long does it take to withdraw funds from eToro？

A: The timeframe for withdrawals on eToro can vary depending on the withdrawal method chosen. Bank wire transfers typically take 1-8 business days, credit/debit card withdrawals take 1-6 business days, and e-wallet withdrawals (PayPal) are usually processed within 1-2 business days.

Q: Are there any withdrawal fees on eToro？

A: Yes, eToro charges a flat $5 withdrawal fee regardless of the withdrawal method chosen. This fee applies to bank wire transfers, credit/debit card withdrawals, and e-wallet withdrawals.

Q: Can I withdraw funds to a different payment method than I used to deposit？

A: Generally, eToro requires withdrawals to be made to the same payment method that was used for depositing funds. For instance, if you deposited funds using a credit card, you would typically need to withdraw those funds back to the same credit card. However, eToro does provide some flexibility in certain cases. Profits earned from.