How Do I Close My Account with eToro?
Before closing your eToro account, make sure you've withdrawn your funds and your money account is also closed. To close your account, just go to Account Settings and click "Close eToro Account. Keep in mind that all closed accounts can never be reopened. You may need to create another account if you wish to do business with eToro in the future.
All eToro account holders can close their investment accounts. If you also have an eToro money account, this has to be closed first. Additionally, you'll need to ensure you've withdrawn all funds before closing your account.
How To Close Your eToro Money Account
To close your money account, call eToro customer service. Below are the steps to close your investment account with eToro:
- Log into your account and go to "Account Settings"
- Go to the bottom of the page and click "Click eToro Account"
Keep in mind that closed eToro accounts can't be reopened. You may need to create another account if you wish to do business with eToro in the future. If you have questions about your account, please contact customer support.
How To Withdraw Funds from Your eToro Account
The minimum amount you can withdraw from your eToro account is $30. Make sure you have enough before initiating a withdrawal. Below are the steps to withdraw funds:
- Log in to your account and click "Withdraw Funds" on the left-hand menu
- Enter the amount you would like to withdraw, then click "Continue"
- Select the currency and payment method you'd like to use, and change the default payment method by clicking "Other Payment Options"
- Click "Submit"
If you can't withdraw funds, it could be due to the following reasons:
- An unverified account
- Account limitations
- Not meeting the minimum withdrawal amount
- Your payment method is in someone else's name
Resolve these concerns first before attempting to make a withdrawal. Also, note that there's a withdrawal fee of $5. While eToro offers instant withdrawals, it may take up to one business day.
Can You Cancel a Withdrawal?
If you changed your mind about closing your eToro account, you can cancel the withdrawal request. However, you can only cancel when the withdrawal is still under review.
Follow the cancellation steps below:
- Log into your account and go to the "Withdraw Funds" tab.
- Wait for the pop-up message and view your withdrawal history.
- Click "Reverse" and confirm the request.
- The funds will be returned to your account almost immediately.
If you have questions or need help with making or canceling a withdrawal, please contact eToro Customer Support.
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