eToro's withdrawal processing time takes only 1 to 2 days. You can withdraw as low as $30.
Introduction
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.
💰 Minimum Withdrawal
$30
💸 Withdrawal Fee
$5
💳 Withdrawal Methods
Credit Card, PayPal, Bank Transfer
⏳ Processing Time
1-2 days
eToro Withdrawal Details
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77% 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.
eToro withdrawal infographic
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.
See how simple it is to withdraw with eToro? If you don't have an account yet, you can get started here!
77% 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.
Withdrawing on Non-Business Days or Weekends
Here's the deal:
You'll have the flexibility to withdraw your funds from eToro at any time, including on weekends. However, it's important to note that your withdrawal request will only be processed on a working day.
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eToro will transfer the withdrawn amount back to the original payment method that was used to fund the account.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:
Credit card
PayPal
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.
Credit Card
The first credit card that you used to fund your account will also be the card where the money can be transferred to. Also keep in mind that you will get the money not as cash but rather as a form of credit card refund. It's also important that the card is only under your name and not a joint account.
PayPal
You will only be allowed to withdraw funds and transfer it to your PayPal account if you have used this specific payment method to add money into your eToro account.
Bank Transfer
If you choose this payment gateway, you will need to provide eToro your complete account details and the ABA (must be Fedwire eligible) routing number. Make sure that these details are correct to avoid delays or issues.
Still don't have an eToro account? Access the registration page here.
77% 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.
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.
Exchange Rate Used for Withdrawals
The exchange rate used for eToro withdrawals depends on the currency of your eToro account and the currency of the withdrawal method you have chosen. eToro uses the current market exchange rate at the time of the withdrawal to calculate the exchange rate for the transaction.
Keep in mind:
Exchange rates can fluctuate frequently and can have an impact on the amount of funds you receive after the withdrawal has been processed. Additionally, some withdrawal methods may charge a conversion fee or have a less favorable exchange rate, so it's important to be aware about the fees and terms associated with your chosen withdrawal method before making a request.
Withdrawal Fees for USA Traders
If your account is under eToro USA LLC or you are a US resident, you will not get charged for making a withdrawal. Keep in mind that it's possible that you might get charged by your bank for receiving funds so be sure to check with them regarding this matter prior to withdrawing your funds.
Are you from the USA? Here's a direct link to their registration page for US residents.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal, "Virtual currencies are highly volatile. Your capital is at risk."
Platinum, Platinum + and Diamond Accounts
Withdrawal fees are waived for the following eToro Club member levels:
Platinum
Platinum +
Diamond Club
So How to Withdraw Money?
To cash out from your eToro account, here are the steps to follow:
Open the trading platform and go to the “Withdraw Funds” menu. This will open a pop-up.
"Withdraw Funds" link on eToro's platform
Enter the amount that you wish to withdraw and click on the “Submit” button..
"Withdraw Funds" window on eToro's platform
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.
eToro withdrawal warnings
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.
Reason for eToro withdrawal request
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.
eToro withdrawal payment methodTake 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.
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.
See how low the withdrawal fee is? You can get started with eToro right here!
77% 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.
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.
Payment Method Used
Time to Receive Funds
Asia Online Banking
1 to 2 working days
China Union Pay
1 to 2 working days
Credit/Debit Card
Maximum of 8 working days
Neteller
1 to 2 working days
PayPal
1 to 2 working days
Skrill
1 to 2 working days
Wire Transfer
Maximum of 8 working days
Time it takes to receive eToro funds back based on payment method 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:
Open the trading platform and go to the “Withdraw Funds” menu. This will open a pop-up notification.
Click on the “Click Here” link to access the withdrawal history.
Look for the specific withdrawal request that you’d like to cancel and click on the “Reverse” button.
A confirmation message will appear.
Click on “Confirm” to proceed.
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.
No eToro account yet? You can register for one by clicking this button.
77% 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.
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.
eToro's minimum withdrawal amount is $30
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:
Go to your trading portfolio.
eToro trading portfolio
Choose the specific cryptoasset that you wish to transfer.
All open Ripple (XRP) trades on the eToro platform
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.
Editing XRP trade on eToro
An "Edit Trade" pop-up window will appear. Click on "Transfer to Wallet". Then, a "Transfer Coins" window will display the transfer details.
Transfer Coins screen on eToro
To execute the withdrawal to the wallet, click on the "Transfer" button.
Executing cryptocurrency transfer from eToro platform to wallet
Now that the crypto has finally been transferred to your wallet, you can now withdraw it to an external wallet of your choice.
Want to have your own eToro Wallet? Here's a link to open one.
77% 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.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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.
eToro account withdrawal history
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.
Withdrawals for Unverified Accounts
Take note: eToro requires users to verify their accounts before they can withdraw any funds. This is a security measure that eToro has put in place to ensure that funds are being withdrawn by the rightful owner of the account.
To verify your eToro account, you will need to provide some personal information and proof of identity. They may ask you to upload documents such as your passport or driver's license, as well as a proof of address such as a utility bill or bank statement.
It is important to note that the verification process can take some time, so it is best to verify your account as soon as possible to avoid any delays when you want to withdraw your funds.
How Many Times Can I Withdraw?
eToro does not limit the number of times you can withdraw funds from your account. You are free to withdraw funds from the account as often as you like, provided that the amount you are withdrawing is within the withdrawal limits and that your account is in good standing.
Withdrawal Limit
When you want to withdraw funds from your eToro account, the limit is equal to the total balance in your account, minus any margin used. Margin is the amount of funds that you have used to open trades on eToro's platform. Therefore, if you have used any margin, the maximum amount that you can withdraw will be less than your total account balance.
Haven't signed-up for an account yet? You can do so right here!
77% 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.
Withdrawing Profits
You can easily withdraw profits from eToro as long as they have been transferred to your account balance and not still in an open trading position. If you have an open trading position that is making a profit, you will need to close it first to transfer the profits to your account balance before you can withdraw them. Once your profits are in your account balance, you can withdraw them right away.
To close an open position in eToro, follow these steps:
Log in to your eToro account.
Navigate to the "Portfolio" tab.
Find the open position you want to close and click on it to open the trade details.
Click on the "Close Trade" button.
A window will appear, showing the details of your trade and asking you to confirm the closure.
Check the trade details and confirm that you want to close the trade.
Your position will be closed, and any profits will be added to your account balance.
It's important to remember:
Closing a trade does not guarantee a profit or loss, as the market can change rapidly. Additionally, closing a leveraged trade may incur additional fees or charges. Always ensure that you have a solid understanding of the risks involved in trading before making any trades or closing positions.
Does eToro Support Same-day Withdrawals?
eToro allows for same-day withdrawals, but only if the funds are being transferred from your online trading account to the eToro Money wallet. However, there are some cases where withdrawals may be processed on the next business day due to security procedures or other reasons. It's important to keep this in mind when making a withdrawal request.
What Happens If I Try to Withdraw More Funds Than Are Available in My Account?
Your withdrawal request will be declined if you attempt to withdraw more funds than are available in your eToro account. The will only allow you to withdraw up to the amount that is available in your account balance, minus any funds that are being used as margin for open trades.
If you try to withdraw more than the available balance, you may receive an error message or your withdrawal request may be automatically rejected. To avoid this, be sure to check the actual available funds in your account before making a withdrawal request.
It's also worth noting that withdrawing funds that are being used as margin for open trades can result in those trades being closed automatically. This is because margin funds are required to maintain open trades, and if they are withdrawn, the trades may no longer meet the margin requirements and be closed by the system.
Ready to make your first trade with eToro? Sign-up for an account now.
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. 77% 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. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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.
77% 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.
 trades on the eToro platform.webp)
