How to Delete your eToro Account

Filippo Last Updated: May 2020 3 min read

eToro is the world’s most popular social trading platform that most everyone that trades will have heard of, or even tried.

If, for whatever reason, you are looking to close your eToro account because you failed with it or didn’t succeed in finding good traders, then our eToro guides and eToro review can help with exactly these issues.

If you are still convinced you want to close your account though, and you don’t want to read any other eToro opinion, here is a step-by-step guide explaining exactly how to do that.

eToro 5 stars
etoro logo
  • Regulated: CySec, FCA, ASIC
  • Platforms: Proprietary
  • Min. Deposit: $200
etoro logo
  • Regulated: CySec, FCA, ASIC
  • Platforms: Proprietary
  • Min. Deposit: $200

62% of retail CFD accounts lose money


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Last chance with eToro before cancelling the account

If you have ever traded at eToro, you will know how easy it’s to start copying other, more experienced traders. All you need to do to start is to scroll through the available trade leaders, check out their statistics and P&L, plus their risk appetite and then choose those that best match your financial objectives. Once you select the traders that you’d like to follow, decide how much you’d like to invest and then click “Copy.”

We have developed a guide to help traders understand how to spot genuinely the best traders on eToro. If you are trading with this broker but haven’t got your expected results, we can help. Check out our eToro guide.

However, if you no longer want to trade with eToro for some reason (for example, unprofitable results, high spreads, low leverage), you might be considering to close your account. This article will tell you how to delete your eToro account.

What type of trader are you?

62% of retail CFD accounts lose money

The Step-by-Step Guide to Deleting Your eToro Account

The traditional way to close an eToro account was to contact their support team and to request closure. However nowadays, the broker provides traders with an available button allowing them to close their accounts with a few simple steps.

Below are the steps to deleting your eToro account.

Close all your positions and withdraw all money from your eToro account.

Go to https://www.etoro.com/customer-service/

Click “Open a New Ticket”

etoro how to delete account tutorial

In the “TYPE OF QUERY” box, choose Account Details

etoro cancel account tutorial

In the “I WOULD LIKE HELP WITH” box, choose “Close My Account”

etoro cancel account procedure

After clicking on “Close Account,” you will be forwarded to a new page. There, select the reason why you want to close your account.

etoro cancel feedback

eToro will give you some solutions to your problem. If you change your mind and want to stay with them, choose “Keep my account open.” If you decide to leave, hit “Confirm”.

etoro closure confirmation

That’s it. The account closure process may take up to 3 days. After it’s completed, eToro will send you a confirmation email.

The Bottom Line

eToro is one of the major platforms for Social Trading. Hundreds of professional traders are making money from trading and also helping thousands of beginners learn and earn.

If you are considering to cancel your eToro account, follow the steps above. However, it’s okay to leave your account there, because the broker charges no fees on account inactivity.

If you are closing your account because you can’t find your guru to copy, you might want to check out our guide to identifying good traders before taking further steps.

eToro 5 stars
etoro logo
  • Regulated: CySec, FCA, ASIC
  • Platforms: Proprietary
  • Min. Deposit: $200
etoro logo
  • Regulated: CySec, FCA, ASIC
  • Platforms: Proprietary
  • Min. Deposit: $200

62% of retail CFD accounts lose money

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.


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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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