You’ve made some successful trades on eToro, and now you want to withdraw those hard-earned gains into your bank account. In this guide, we’re going to show you the easiest ways to withdraw money from eToro and answer some frequently asked questions.
In order to withdraw funds from eToro, you'll need to put in a withdrawal request. You can do this by:
1. In your eToro account, click on Withdraw Funds located on the side menu
2. A pop-up window will appear showing your total and withdrawable funds balance
3. Input your desired withdrawal amount (note the $5 withdrawal fee) & click ‘submit'
4. Specify a withdrawal reason and click ‘continue'
5. Choose your withdrawal method and click ‘submit' and you're done!
You can withdraw money from your eToro account at any time up to the value of the balance of your account, minus the amount of margin used. You don't need to hold any money in your account, so it's possible to withdraw the full balance if you need to.
The important thing to remember is that any withdrawn funds will be sent directly to the account that you used to make the deposit. For example, if you made a deposit with a credit card then the money will be sent to your card.
Note that certain withdrawal methods take priority. If you are withdrawing your money onto a credit card, this will happen first, then PayPal and finally bank transfers. If your details have changed since you deposited the funds, then you will be asked by eToro to provide an alternative withdrawal method.
It can take up to 1 business day for eToro to process your withdrawal request – assuming that all the details on your account are correct. Once the withdrawal is processed, the estimated time to receive payment depends entirely on your payment provider.
The typical timeframe for each payment method is:
When it comes to bank transfers, if a large amount is being withdrawn then we suggest contacting your bank in advance. Large withdrawals may be put on security hold, causing further delays.
If you're withdrawing funds in a different currency than USD, then you'll also be charged a conversion fee. This conversion fee will vary depending on your chosen currency.
You may also be charged a transfer fee by your own bank, credit card provider or PayPal once the transaction has taken place. You can keep up-to-date with the status of your withdrawal in the Portfolio tab. It's important to note that eToro fees are subject to change at any time, depending on market conditions.
If you've changed your mind, don't worry. As long as your withdrawal status is Under Review, you can cancel your request by using the following steps:
Your funds and any fees applied to the withdrawal will be immediately returned to your account. If the transaction is showing up as In Process, then it won't be possible to cancel the withdrawal. If this happens, you'll need to contact eToro directly for help.
If the funds haven't appeared in your account, it's important to take into consideration processing and payment times. Depending on your chosen payment method, it can take up to 8 working days to process. Also, don't forget that it will also take eToro up to 1 business day to process your withdrawal request.
If you're still concerned, you can easily check the status of your withdrawal via your account:
Alternatively, you can also check the email confirmation you would have received from eToro in relation to your withdrawal request. Public holidays can also cause a delay in payment, so check your calendar to make sure that your withdrawal request doesn't fall on or between one of these dates.