If for some reason you have opened an eToro live account and no longer wish to trade, you can consider closing your eToro account. The traditional way to delete an eToro account was to contact the support team and request closure. However, nowadays it is more convenient for traders to close their eToro accounts on their own with a button available on eToro. Below are some simple steps to delete your eToro account.
What happens when eToro closes your account?
Once your account has been closed by eToro, you will no longer be able to reopen it. Please consider carefully and make sure that you have closed all open positions, withdraw all money before closing the 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 the money from your trading account. Then log in to the Customer Support Center by clicking “Help” and selecting “Contact Support”.
Step 2. Click “Open a new ticket” and choose “Account Details” in the “Query Type” box.
Step 3. On the “I want help” tab, select “Close my account.” If you want to proceed, click “Close Account” at the bottom.
Step 4. After that, it will take you to a new page. There, select the reason why you want to exit and click “Continue”.
Step 5. eToro will give you some solutions to your problem. If you change your mind and want to be with them, choose “Back”. If you still decide to leave, press “Continue”.
Then, you have completed the closure of your eToro account. 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 through the support team
If you are unable to 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.
Learn more about how to open a support ticket here.
Once your account has been closed by eToro, you will no longer be able to reopen it. Please consider carefully and make sure that you have closed all open positions, withdraw all money before closing the account.
In fact, if you haven’t funded your account, you don’t need to close it, as eToro doesn’t charge any fees for unused accounts. You can keep your account active to practice on the eToro demo and maintain your access if you cancel the request to close your eToro account.
