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 walk you through the steps to withdraw money from your eToro account.
Table of Contents:
What are the conditions required to open a withdrawal request?
Keep in mind that you can only withdraw from your available balance, so you should make sure 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 amount invested +/- any profit or loss is returned to the available balance.
- The minimum withdrawal amount is $30. There is no maximum withdrawal amount.
- Your account needs to be verified, which means there’s a green check mark on your profile.
How to withdraw money from eToro
To make a withdrawal request, follow these steps:
- Click the Withdraw Funds tab in the left menu.
- Enter the amount to withdraw (in USD)
- Fill out 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 must 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 third party. It is eToro’s policy to ensure the safety of your eToro funds.
After completing the steps above, you will receive a confirmation letter from eToro to make sure 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 available to make a deposit. However, it is essential to remember that you can only withdraw in the same way you used to make the deposit.
If you use a combination of methods, such as credit card and bank transfer, you receive funds for the respective deposited methods.
If your deposit method is blocked or unusable for any reason, you can use an alternative withdrawal method. eToro may ask you for proof of this to switch to another withdrawal method.
Is there a fee for withdrawal from Etoro?
All your withdrawal requests are subject to a fee of 5 USD. By default, 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 advantages offered by eToro, 5 USD is a fairly convenient commission. The purpose is to encourage users to consider withdrawal when they have achieved a relatively stable profit instead of continually 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 receive a free withdrawal fee of 5 USD.
How to know that your withdrawal request has been processed?
You will be notified by email when your withdrawal request has been processed along with the details of the payment service provider to whom eToro sent the funds.
Alternatively, you can also tap 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 client receive the funds?
The withdrawal process includes the withdrawal processing time and the money receiving time. The processing of withdrawals is handled by eToro. In addition, the time to receive your money is already in the hands of the payment service provider.
- Withdrawal request processing: 1 day.
- The time you receive your money 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 working days |
| bank transfer | Up to 10 working days |
| PayPal | Up to 2 working days |
| Neteller | Up to 2 working days |
| Skrill | Up to 2 working days |
| Trustworthily | Up to 2 working days |
| ideal | Up to 2 working days |
How to cancel a withdrawal request?
As long as your withdrawal request is being reviewed, you can cancel it through your wallet by clicking on the blue history icon and clicking the Reverse button on the request you want to cancel.
What should you do if the money does not appear in your account?
Tap the category tab. Then go to the history tab to check the eToro payment method sent. Alternatively, you can check the email you received regarding the withdrawal processing.
You should also note that it will take eight business days for eToro to process your withdrawal request for the funds to appear on your bank statement.
If you’ve checked all the items above and still can’t 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 the withdrawal until you contact eToro. It would be best to make sure that eToro can see your name, transaction date, and payment method details.
If the withdrawal process fails, who should you contact?
If you have any questions about your account on eToro or have problems with withdrawals for unknown reasons. Who to contact?
eToro customer service is always ready to help you. You can contact eToro by opening a support ticket.
note:
- Live Chat and coupons can be used 24 hours a day from Monday to Friday.
- Be sure to contact eToro from the email address you used to register your account.
So we guided you to withdraw money from your eToro account. I hope this article is useful to you. Good luck!
