eToro Withdrawal Guide

Cashing out from eToro can only be done straight from their platform and only requires a few steps to follow.

While the withdrawal process is pretty straightforward, it is important for you to be aware of all the policies and conditions so you may be able to take out the money from your account and have it successfully processed.

Curious about trading with eToro?

If you're ready to test out eToro and wondering where to begin then the very first step is to open an account. To make things easier, you just need to click on the button to get started.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

When Can You Withdraw?

There’s no specific time or period for withdrawing the funds from eToro. Verified clients can cash out from their account any time of the day.

Taking Money Out on Non-Business Days

Processing withdrawals are only done on a working day which is Monday to Friday. If it falls within a public or bank holiday, it is considered as a non-working day.

The cut-off time for a withdrawals on business day is 11:00 am Eastern European Time. All requests done on a non-working day or after the cutoff time will be processed on the next business day.

Supported Withdrawal Methods

eToro will transfer the withdrawn amount back to the original payment method that was used to fund the account. If you used several payment methods, they will transfer the funds to these methods based on the following priority:

1. Credit card
2. PayPal
3. Bank transfer

Remember:
It doesn’t matter if you used PayPal or bank transfer prior to your credit card for making a deposit. They will still send the funds first to your credit card when you take your money out.

Fees You Have to Pay

So how much does eToro charge to withdraw? When you cash out, each request will incur a $5 fee to process it.

Reminder: No matter how much you want to withdraw, the charge will always be the same per transaction. If you want to take out $30 or $1000 from your account, the fee remains at $5.

In addition:
If the withdrawn amount is not in the US dollar currency, it will incur a fee for conversion. The payment provider that will be handling the transfer may also impose a charge.

So How to Withdraw Money?

To cash out from your eToro account, here are the steps to follow:

1. Open the trading platform and go to the “Withdraw Funds” menu. This will open a pop-up.

   

2. Enter the amount that you wish to withdraw and click on the “Submit” button..

   

3. You will be getting a few notices such as missing out on other opportunities or losing the eligibility of your benefits. If this doesn’t concern you, click on the “Continue” button. Otherwise, click the “Cancel Withdraw” button.

   

4. You will be asked for the reason for making a withdrawal request. The options are the following:

   • Withdrawing profits
   • Need money for personal reasons
   • Have not achieved your trading goals
   • Platform does not meet your needs
   • Not satisfied with the trading conditions
   • Moving to a competitor
   • None of the reasons listed

   Choose the most applicable reason and then click on the “Continue” button.

   

5. You will be notified that your withdrawal will be processed via one of the previous payment methods that you previously used to fund your account. Click on the “Submit Request” button.

   

   Take note: You might be asked to provide an alternative payment method where you want to withdraw your money in case they will be unable to send the full amount you requested to your primary withdrawal methods.
   
   
6. You will then get a confirmation that your request has been submitted and the time it would take for it to be processed. It will also show the actual amount that you will receive after the $5 withdrawal fee and other applicable fees if any.

Processing Time: How Long to Withdraw the Funds?

Wondering how long it would take to withdraw your money from eToro?

It’s important to remember:
The withdrawal processing time and the time it would take to receive your funds are different. The processing of withdrawals are handled by eToro while the time for receiving your funds is already in the hands of the payment service provider.

Processing of Withdrawal Request

Once a withdrawal request has been submitted and all the necessary details were also provided, it usually takes just 1 working day to get them processed.

Actually Receiving the Funds

The time it would take for the funds to reflect on the account is based on the payment method that was used.

Cancelling the Request

Filed a withdrawal but then you decided to cancel this request? You can still revoke this action as long as it is not yet in process. You can see your withdrawal status on your account’s withdrawal history.

Here are the steps to follow:

1. Open the trading platform and go to the “Withdraw Funds” menu. This will open a pop-up notification.
2. Click on the “Click Here” link to access the withdrawal history.
3. Look for the specific withdrawal request that you’d like to cancel and click on the “Reverse” button. A confirmation message will appear.
4. Click on “Confirm” to proceed.
5. The account balance will instantly reflect the withdrawn funds and the associated fees.

Can You Withdraw From eToro?

Yes. You can file a withdrawal request as long as you have a verified account. To find out if your account is already verified, your username should have a green tick beside it on your profile.

If you don’t see a green tick then that means you still need to submit some documents and contact their support team for assistance or clarification.

Here’s the thing:
If you’re concerned about submitting your personal details and documents, be informed that such requirements are common with licensed companies in accordance with financial regulators. This is an added layer of security for them to make verify that you are the one making the withdrawal.

Minimum and Maximum Amounts

The minimum amount that can be withdrawn from the account is $30 per transaction while there is no maximum withdrawal amount.

Withdrawing Crypto from eToro

If you have traded cryptocurrencies (Bitcoin, Ethereum, Ripple, etc.) on the eToro platform and would like to withdraw it, you can do so by transferring it from the platform then to the eToro Wallet. At this point, you can transfer the crypto from the wallet to an external wallet.

Keep in mind: Your trading account login details (username and password) are the same for the eToro Wallet service so when you're going to access the wallet for the first time then you will need to use the exact credentials.

Follow these basic steps if you want to transfer your crypto trades to the wallet:

1. Go to your trading portfolio.

   

2. Choose the specific cryptoasset that you wish to transfer.

   

3. If you have multiple open positions for an asset then you will see detailed list of all these positions. Choose the particular crypto position that you wish to transfer.

   

4. An "Edit Trade" pop-up window will appear. Click on "Transfer to Wallet". Then, a "Transfer Coins" window will display the transfer details.

   

5. To execute the withdrawal to the wallet, click on the "Transfer" button.

   

Now that the crypto has finally been transferred to your wallet, you can now withdraw it to an external wallet of your choice.

Withdrawal Problems

Has your withdrawal request been denied? eToro may not allow you to take money out of your account for these possible reasons:

• You don’t have enough funds as payment for all fees and any unsettled transactions.
• Your account or withdrawal request has been flagged for suspicious activities in compliance with anti-money laundering (AML) laws and regulations.

Accessing the Withdrawal History

Just like the deposits, all withdrawal transactions can be tracked on eToro via the trading platform. This can be accessed by going to the “Withdraw Funds” menu and then clicking on the “Click Here” link. This will list the following details of each transaction:

• ID
• Transaction type
• Date
• Amount and conversion rate if using non-USD currency
• Status

All transactions under your account, regardless if it was processed or not, shall be listed on this page.

Withdrawal Policy

eToro’s withdrawal policies and fees are included in their Terms and Conditions page. The terms are different for each country like UK and Australia, or region such as Europe, so be sure to read the one that is applicable for you.

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. 67% 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.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.