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Withdrawing funds from eToro is a process that requires users to follow specific steps to ensure a smooth transaction.
First, log into your verified eToro account using your registered credentials. Navigate to the “Withdraw Funds” section, located on the left menu of the platform.
Once inside, review your available balance and select the desired withdrawal amount, keeping in mind that eToro imposes a fixed $5 withdrawal fee and potential currency conversion charges for non-USD accounts.
Choose a withdrawal method (such as wire transfer, credit/debit card, or eWallet) based on the deposit method used initially, as withdrawals must follow the same funding source.
After submitting your request, processing takes approximately 1-2 business days, with bank and card transfers potentially requiring up to 8 business days.
To track withdrawal progress, access the “History” section in your portfolio or review the confirmation email sent by eToro. Users must ensure that their accounts are fully verified to avoid delays, and it’s important to note that withdrawals cannot be processed to third-party accounts or alternate payment methods.
How to withdraw funds from eToro?
To withdraw funds from eToro, first you have to login to your eToro account. Second, you have to go to the eToro withdrawal menu. Third, check your eToro account balance. Fourth, choose the withdrawal amount, and finally choose the payment method before submitting your withdrawal request to eToro.
The first step to withdraw funds from eToro is to log into your eToro account using your registered details. If you haven’t registered an account yet, eToro offers a free unlimited demo account that can be opened with ease. It virtually funds your account with $100000 to trade without risks. Of course, this money is virtual and therefore not withdrawable. To make a withdrawal you must open a real account with eToro.
The second and following step is to go to the eToro withdrawal menu. The withdrawal menu of eToro can be found on the left side with the “Withdraw Funds” section. Click to open this section.
The third step is to Check your eToro balance. Once you’re in the Withdraw Funds section of eToro, a pop-up window that opens will show your account balance and withdrawable amount.
The fourth step to withdraw funds from eToro consists in choosing withdrawal amount. Choose the amount you would like to withdraw, and click “Submit”. Remember that eToro charges a $5 withdrawal fee, and that you may be charged a currency conversion fee if your bank account is not in USD.
The fifth and last step is to choose the eToro withdrawal method. The eToro withdrawal method is tied to the deposit method used prior to fund the eToro account, meaning that if you have deposited via wire transfer on your bank account, you can’t request a wire transfer to a secondary bank account. Once you have chosen the withdrawal method, click “Submit” and wait for the withdrawal to be processed.
What are the eToro withdrawal methods?
The eToro withdrawal methods are listed below:
- Wire transfer: Wire transfers are the most common way to withdraw money from eToro, as they are reliable and charge little-to-no fees.
- Credit/Debit cards: You can make an eToro withdrawal using your credit or debit card that is a Visa or MasterCard. The only time this will not be available is if your card has expired or is unavailable to you for any other reason. If this does happen you should contact the eToro support team to find an alternative. If you have lost your card or cannot use it anymore for any reason then you will have to provide proof of this to eToro to change to another withdrawal method.
- eWallets: You can choose to deposit from your card or bank via PayPal to eToro, or deposit directly from your PayPal balance. Money withdrawn in this case will be made to the same card or bank account used for the deposit or the one which is connected to your PayPal account. It is not possible to withdraw funds to your PayPal balance with eToro. It must go to your card or bank via PayPal.
How to check the eToro withdrawal status?
To check the eToro withdrawal status, log into your account and navigate to your portfolio. Click on the “History” button to view your withdrawal history.
Alternatively, you can check the status by reviewing the confirmation email sent to your registered email address after submitting the withdrawal request.
How long does eToro take to process a withdrawal?
The eToro withdrawal takes 1-2 business days to process in most cases.
However, withdrawals to credit and debit cards, as well as bank transfers, may take up to 8 business days to reach your chosen withdrawal method.
How to cancel a withdrawal on eToro?
To cancel a withdrawal on eToro, log into your eToro account and navigate to the “Withdraw Funds” section. In the pop-up window, click the “click here” link to view your withdrawal history. Locate the withdrawal you wish to cancel and click the “Reverse” button next to it, then press “Confirm.” Note that if the withdrawal is already being processed, it cannot be canceled.
What are the eToro withdrawal fees?
The eToro withdrawal fee is a fixed $5 commission per every withdrawal. eToro charges conversion fees for non-USD withdrawals.
Since the only base currency provided by eToro is the US Dollar then any funds withdrawn in a different currency will be subject to conversion fees.
Based on your bank’s own policy you could also be charged an additional percentage or fee by your own bank.
Are there limits on eToro withdrawals?
On eToro there are three main limits when it comes to widhtrawals. There’s a minimum withdrawable amount, you cannot change the withdrawal method at will, and you cannot ask other people to withdraw money on your behalf.
At eToro there’s a minimum withdrawal amount of $30. This amount doesn’t change regardless of the deposit method, the currency, or the overall account information of the eToro trader.
On eToro you can only withdraw through the same method you have used to make your deposit. If you deposited using a combination of methods, for example, a credit card and bank transfer deposit then the funds will be withdrawn proportionately to the same methods you used in order. This priority method goes first to credit cards, followed by eWallets like PayPal, and then bank transfer.
Another important note is that you cannot ask others to withdraw your eToro money on your behalf, or send your withdrawals to any other form of third-party.
What are the best practices for eToro withdrawals
The eToro best practices for withdrawals is listed below.
- Verify your eToro account: Make sure your eToro account is verified before making a withdrawal. If you don’t know how this works, we can help you with our eToro account verification guide.
- Remember the eToro withdrawal fee: Keep in mind that there is a $5 fixed withdrawal fee and also that the minimum eToro withdrawal to any method is $30.
- Choose your main payment method on eToro: Funds will only be withdrawn to the same method you used for your deposit. Also, You can only withdraw funds deposited via online banking methods at least 7 days after they were deposited.
What to do if your withdrawal is being delayed?
When your eToro withdrawal is delayed, you can check if your account is verified, and contact the eToro team if the problem persists.
First check if your account has been verified by the broker. Look for a confirmation email or any other communications from eToro regarding verification. The account verification expires at eToro after 1 year, so it may need a reissue.
If you’ve verified your account and the delay remains unresolved, contact the eToro support team for further assistance.
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