eToro Account: Step by Step Guide to Close It

Since you are not trading or vice versa, eToro does not offer the tools you expect as a trader. You want to close your eToro account. Follow the simple steps below to close your 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

Previously, the closure of your eToro account could only be done by contacting their customer support, but now the whole process is fully automated.

To close your account, follow these simple steps:

  • Log in to your eToro account, go to the “Settings” tab in the lower left corner and click on it.
  • Click “Account”.
  • You will see the option to delete your account, “Close your eToro account”, and then click on it.
  • A popup will appear asking you to explain why you want to delete your account. Choose whatever the reason that led you to delete it.
  • At this point, eToro will try to give you one last chance to change your mind, but if you have already made a decision, proceed by clicking “Submit”.

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. eToro support will receive and process your request

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

Above is how you close your eToro account automatically and quickly. eToro takes three days to close your account, which is a rather short period compared to other competitors. Remember that the account is closed; you will never be able to reopen it.

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