How to withdraw funds from Etoro

How to withdraw funds from Etoro?

Do you know what eToro is? The world’s most leading platform for trading online. It not only leads you in stocks investment and also trades cryptocurrencies. Experience 0% commission with eToro and this is the reason customers are likely to use the platform.

You have invested in eToro and you want to withdraw from it but here the question arises how can I withdraw from eToro.

The steps or methods to cash out are simple and easy to understand. Just follow the policies so that you do not face trouble while cashing out from the account.

What are the methods for eToro withdrawal of funds?

Basically, there are different payment modes that will help you to get your funds into these three methods.

  • Credit Card
  • Bank Transfer
  • PayPal

Let’s go through it in detail:-

eToro withdraws funds to Credit Card

The credit card you chose for funding the account will be the card to receive the money. The transferred money will be in credit form as the card will be only in your name.

Receiving eToro funds to Bank Transfer

Suppose you select to receive the money via direct transfer from the bank then make sure to have the account details and routing number handy. The details need to be valid so that the withdrawal process completes easily.

eToro withdraws to PayPal

In case you used PayPal while adding funds then you can also request for withdrawing money to PayPal. account.

Note: Whatever mode you choose for receiving money, eToro will transfer funds to the credit card first while cashing out.

What is the eToro withdrawal exchange rate:

In order to withdraw you need to pay a fee for it i.e. an amount of $5 as a withdrawal fee. The amount is quite high compared to the brokers of CFD. There is a limit for withdrawals which is a minimum of $30.

eToro withdrawal time

There is no such specific time mentioned for withdrawing from eToro but make sure that the request for withdrawal is on a working day. In case it falls on the day when the bank is closed it will be regarded as a non-working day.

The time to make your withdrawals is 11:00 AM as per the time of Eastern European.

How do I withdraw from eToro

The following steps need to be followed:-

  1. Firstly, click on eToro, and head to tap on the “Withdraw Funds” from the menu. 
  2. Next, type the amount for withdrawing, and after that tap the “Submit” tab.
  3. Few messages will pop up on the screen. Next, you can click on the “Continue” tab or else tap on the “Cancel Withdraw” tab.
  4. Now, you will see a list of reasons for requesting withdrawals. Select the appropriate one from the list and tap on the “Continue” option.
  5. A notification will be delivered to your phone that the withdrawal will be processed through the payment methods. Tap on the “Submit Request” tab.

The confirmation message will be sent to you that the request is accepted and the time required to complete the process.

  • Credit Card usually take 8 working days
  • Bank transfer in 1 to 2 working days
  • In PayPal, the amount credits in 1 to 2 working days.

Related Pages:- How to contact eToro

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