Practical Guide To eToro Withdrawing Process

Page Summary

eToro is a great broker to start trading with since it can help you make profits without having trading experience with the help of copy and social trading. 

This broker has a reliable trading platform, allowing you to withdraw funds with a simple and easy process. 

Withdrawing Money from eToro: How To? 

eToro is one of the leading brokers on the market, thanks to its transparent policy and user-friendly platform. You have nine methods to withdraw your funds with a minimum withdrawal limit of $0. You can withdraw your funds with more than one option: 

  • NETELLER 
  • PayPal 
  • Webmoney UK 
  • Skrill Limited United Kingdom 
  • Wire transfer 
  • MasterCard 
  • Visa 

eToro doesn’t allow you to withdraw funds until you confirm your identity with a color photocopy of your passport, a proof of your signature, confirmation of residence, and other documents that the broker requires. 

If you want to withdraw funds from eToro, you’ll have to: 

  1. Access the left-hand menu and click on the ‘Withdraw Funds’ button 
  2. Select the withdrawal amount 
  3. Select the transfer method 
  4. Initiate the withdrawal process 

In most cases, the process will take up to 1 business day. If you use a debit/credit card or a bank transfer option, it can take between 3 to 5 days or longer. 

Canceling A Request 

eToro allows you to cancel your withdrawal before it gets approved. If your request is under review, you can cancel without being charged fees or losing money. The downside is that if eToro has already approved your request, you’ll have to reach out to support to cancel your withdrawal. 

If you want to cancel a withdrawal from eToro, you’ll have to: 

  1. Log in to your eToro account and click on ‘Withdraw Funds’ 
  2. It will open a pop-up message box, where you can see your withdrawal history under the Click Here hyperlink 
  3. Use the reverse button on the withdrawal you want to delete 
  4. Validate the cancellation 

Payment Delays And Withdrawal Problems 

The standard withdrawal timeframe is from 4 to 8 days. 

Based on your withdrawal method, it could take more time than usual, but you don’t have to worry about it. 

However, if you have doubts, you can reach out to eToro’s customer support team. They have outstanding reviews and commit to answering any request as soon as possible. 

eToro customer service is available via live chat and an online ticketing system. You can also check the Help Center, where the Frequently Asked Questions are listed. 

Why Choose eToro? 

  • It has an excellent reputation and several regulations from top-tier providers 
  • It has a minimum deposit of $200 
  • It offers a user-friendly platform suitable even for beginner traders 
  • It offers low trading fees and spreads 
  • It lets you trade cryptocurrency 
  • It comes with several financial instruments 
  • It is the leading broker for collaborative and social trading 
  • Its customer service is knowledgeable and prompt 
  • It offers negative balance protection 
  • Stocks have a 0% commission 
  • No hidden fees included 

eToro is a leading broker with over 4 million users from over 140 countries. It is an excellent choice for traders looking forward to investing in CFDs, currency pairs, stocks, ETFs, commodities, and cryptocurrencies. 

The advantage of this broker is that it can help you make a profit even though you don’t have any trading experience. Their social trading feature is one of the best on the market, offering access to professional traders’ insights. 

Besides, the withdrawal process is transparent and comes with several tools to transfer your funds. All you have to do is understand the broker’s conditions for traders. If you verify your account, transferring funds is a transparent process. 

Key Aspects For Hidden Fees At eToro  

There are many key aspects to keep in mind when choosing a trading platform, such as eToro:    

  • the experience a broker has with day trading    
  • the customer support available    
  • the regulations in case of disputes or losses    
  • the timeframe for deposits and withdrawals    
  • the international presence in several counties    
  • the access to a multi-cultural customer support staff    

Based on these features, we shared a comparison table to help you decide which the best trading broker is. We analyzed eToro compared to the top brokers that offer the best features and platforms for traders.    

Comparison table

Cell eToro IC Markets Pepperstone FxPrimus AxiTrader Swissquote AvaTrade ForexMart Phoenix Markets EZInvest ETX Capital
Regulation FCA, CySEC, ASIC, MiFID ASIC, FSA, CySEC ASIC, DFSA, FCA, SCB CySEC, MiFID FCA, ASIC, DFSA FCA FSA, FSB, BVI, ASIC CySEC CySEC CySEC FCA
Min. Deposit 200 200 200 100 No 1000 250 1 500 500 100
Funding Bank Transfer Credit Card PayPal Bank Transfer   Credit Card PayPal Bank Transfer   Credit Card PayPal Bank Transfer   Credit Card Bank Transfer   Credit Card Bank Transfer   Credit Card Bank Transfer   Credit Card PayPal Bank Transfer   Credit Card Bank Transfer   Credit Card Credit Card Bank Transfer   Credit Card
Used By 12,000,000+ 60,000+ 10,000+ 10,000+ 10,000+ 300,000+ 200,000+ 10,000+ 10,000+ 10,000+ 10,000+
Advantages STP available Low Min. Deposit Negative Balance Protection Scalping & Hedging Available Low Min. Deposit Negative Balance Protection Scalping & Hedging Available   STP Low Min. Deposit Negative Balance Protection Scalping & Hedging Available   STP Low Min. Deposit Scalping & Hedging Available   STP Low Min. Deposit Scalping & Hedging Available Scalping & Hedging Available   Low Min. Deposit Scalping & Hedging Available   STP Low Min. Deposit Negative Balance Protection Scalping Available   STP Scalping Available   STP Hedging Available   Low Min. Deposit Guaranteed Stop Loss
Accounts Demo Account Standard Account Islamic Account Demo Account   Mini Account Standard Account Zero Spread Account Raw Spread Account Islamic Account Demo Account   Mini Account Standard Account ECN Account Islamic Account Demo Account   Micro Account Mini Account Standard Account ECN Account Managed Account Demo Account   Micro Account Mini Account Standard Account ECN Account Islamic Account Demo Account   Mini Account Standard Account Demo Account   Micro Account Mini Account Standard Account Islamic Account Demo Account   Standard Account ECN Account Islamic Account Demo Account   Standard Account ECN Account Islamic Account Demo Account   Standard Account ECN Account Islamic Account Demo Account   Mini Account Micro Account Standard Account
Spreads Var. Spreads Var. Spreads Var. Spreads Var. Spreads Var. Spreads Fixed Spreads Fixed & Var. Spreads Var. Spreads Fixed Spreads Fixed Spreads Fixed & Var. Spreads
Platforms Mobile Apps MT5   MT4 ZuluTrade Web Trader Mirror Trader cTrader MAC MT5   MT4 Web Trader ZuluTrade Mac Mobile Apps MT4   Mac Mirror Trader Web Trader Mobile Apps MT4   MAC ZuluTrade Web Trader Mobile Apps MT5   MT4 Web Trader ZuluTrade MT4   Mirror Trader Mac ZuluTrade Web Trader Mobile Apps Web   Desktop MT4 Mac   Android iPhone iPad MT4 Mac   Android iPhone iPad MT4 MT4   Mirror Trader Max Binary Tablet Mobile Apps
Support Live Chat Email Support Email Support Live Chat   Email Support Phone Support Live Chat   Email Support Phone Support Phone Support   Email Support Live Chat   Email Support Phone Support Live Chat   Email Support Phone Support Live Chat   Email Support Phone Support Live Chat   Email Support Phone Support Live Chat   Email Support Phone Support Phone Support   Email Support
Excluded Countries AN, VG, NI, PR, GT, HN, PY, US, SV, LB, AW, AI, AG, BS, BM, BB, FJ, GD, KZ, MV, MH, BT, MM, HT, TT, LK, UZ, TJ, TM, VI, SG, NP, WS, TW, BN, PK, CI, DJ, GM, LR, SL, TG, NA, SO, TN, RW, BW, ZM, UG, LY, TZ, GH, ET, ZW, SD, CD, GN, RS, MK, MD, AL, BY, IL, TR, SY, JP, CA, BE, KP, IR NA, SN, GN, KG, KR, GH, AG, NG, GM, AO, NE, LR, BO, ML, CG, TZ, LY, CU, ZW, LR, CI, YE, LS, KH, TG, IQ, MM, SY, IR, BW, SL, GN, AF US, JP, SY, IQ, IR, KR, BR EC, JP, DZ, SY, AU, US, PR, SD, KR, MM, LY, IR, IQ, CU, CI, AF JP, US US SG, CA, US, TR, NZ, KP, BR, BE Cell IL, SY, TR, LA, AF, YE, VU, UG, IQ, ET, BA, US, KP, JP, IR, CA, BE IL, SY, TR, LA, AF, YE, VU, UG, IQ, ET, BA, US, KP, JP, IR, CA, BE BE, SG, CA, US

eToro Markets: Essential Factors To Consider    

eToro can be a volatile market that can pose serious challenges, even for experienced traders. Besides the online educational resources, you can use several other tools to understand the unique benefits of eToro markets better.    

Overall, eToro is considered an industry leader, thanks to its focus on innovation.    

1. Track Record    

The first thing you want to study when selecting a trading broker is its longevity or track record in the market. It is a crucial element in your trading strategy that can help you avoid significant financial loss. eToro is the leading copy trading broker with 12 years of experience on the market and headquarters in Cyprus and the United Kingdom.    

eToro has several regulations, being supervised by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), the Financial Instruments Directive (MiFID), and the Australian Securities and Investments Commission (ASIC).    

The main competitor of eToro is IC Markets. This broker was established in 2007, having a long track record and its main headquarters in Australia. IC Markets is monitored by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).    

Comparison table

Cell eToro IC Markets Pepperstone FxPrimus AxiTrader Swissquote
Regulation FCA, CySEC, ASIC, MiFID ASIC, FSA, CySEC ASIC, DFSA, FCA, SCB CySEC, MiFID FCA, ASIC, DFSA FCA
Used By 12,000,000+ 60,000+ 10,000+ 10,000+ 10,000+ 300,000+
Negative Balance Protection Yes Yes Yes No No No
Guaranteed Stop Los No No No No No No
Headquarters Cyprus   UK Australia Australia Cyprus Australia Switzerland
Year Founded 2006 2007 2010 2009 2007 1999

2. Industry    

Another factor to consider when choosing a trading broker is whether it is at the forefront of innovation. eToro offers more than 1000 trading instruments, an online and mobile platform, and a user-friendly interface for all their services.    

Beyond that, eToro supports several third-party trading platforms, allowing its clients to use distinct markets worldwide. Thanks to its innovation and ability to seek ways to keep their competitive advantage, it is a world-leader broker.    

IC Markets, the main competitor of eToro, provides only 232 instruments and segregates clients’ funds according to law.    

Comparison table

Cell eToro IC Markets Pepperstone FxPrimus AxiTrader Swissquote
Instruments 2000 232 100 130 100 100
Platforms   Mobile Apps MT4 MT5 ZuluTrade MirrorTrade Web Trader cTrader Mac MT4   MT5 ZuluTrade WebTrader cTrader Mac Mobile Apps MT4   Mac Mirror Trader Web Trader Mobile Apps MT4   ZuluTrade Mac WebTrader Mobile Apps MT4   MT5 ZuluTrade WebTrader cTrader Mobile Apps
Excluded Countries AN, VG, NI, PR, GT, HN, PY, US, SV, LB, AW, AI, AG, BS, BM, BB, FJ, GD, KZ, MV, MH, BT, MM, HT, TT, LK, UZ, TJ, TM, VI, SG, NP, WS, TW, BN, PK, CI, DJ, GM, LR, SL, TG, NA, SO, TN, RW, BW, ZM, UG, LY, TZ, GH, ET, ZW, SD, CD, GN, RS, MK, MD, AL, BY, IL, TR, SY, JP, CA, BE, KP, IR NA, SN, GN, KG, KR, GH, AG, NG, GM, AO, NE, LR, BO, ML, CG, TZ, LY, CU, ZW, LR, CI, YE, LS, KH, TG, IQ, MM, SY, IR, BW, SL, GN, AF US, JP, SY, IQ, IR, KR, BR EC, JP, DZ, SY, AU, US, PR, SD, KR, MM, LY, IR, IQ, CU, CI, AF JP, US US
Forex Pairs 50 65 70 45 100 150
Major Forex Pairs Yes Yes Yes Yes Yes Yes
Exotic Forex Pairs Yes Yes Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes No Yes No
Commodities 0 19 16 0 20 7
Metals Yes Yes Yes Yes Yes Yes
Energies Yes Yes Yes Yes Yes Yes
Agricultural Yes Yes No No Yes No
Stocks 957 100 60 60 1000 0
UK Shares Yes No No Yes Yes Yes
US Shares Yes Yes No Yes Yes Yes
German Shares Yes Yes Yes No Yes Yes
Japanese Shares Yes Yes No No Yes Yes

3. Fees And Commissions    

Trading fees and commissions must be transparent. The top-rated trading broker is eToro due to the competitive offers for commodities, stocks, CFDs, forex, indices, social trading, and cryptocurrency. This broker has a minimum deposit of $200.    

Another leading trading broker is IC Markets because it offers CFDs, spread betting, forex, share dealing, and cryptocurrencies. IC Markets has a minimum deposit of $200.    

Comparison table

Cell eToro IC Markets Pepperstone FxPrimus AxiTrader Swissquote
Min. Deposit 200 200 200 100 0 1000
Withdrawal Fee Yes No No Varies Varies No
Inactivity Fee Yes No Yes No No No
Deposit Fee No Varies No Varies Varies No
CFD Commission Yes Yes Yes No Yes No

4. Withdrawal And Funding    

Convenient withdrawal and funding methods are fundamental for the best trading experience.    

Comparison table

Cell eToro IC Markets Pepperstone FxPrimus AxiTrader Swissquote
Bank Transfer Yes Yes Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes Yes Yes
PayPal Yes Yes Yes No No No
Skrill Yes Yes Yes No No No
Payoneer No No Yes Yes Yes Yes
Neteller Yes Yes Yes Yes Yes No

5. Customer Support    

Customer support is essential when it comes to trading. Dealing with brokers and investing can often require several interactions with customer service. These interactions may take the form of training, installation, upgrading, troubleshooting, or even cancelation of service.    

eToro offers reliable customer assistance via email, and live chat. This service is also available in several languages like English, Spanish, German, Italian, and French.    

IC Markets is well recommended for its reliable customer support, available in English, Chinese, Japanese, Afrikaans, Polish, Dutch, Danish, German, and several other languages.    You reach support by phone, email, or chat.    

Comparison table

Cell eToro IC Markets Pepperstone FxPrimus AxiTrader Swissquote
Support Live Chat   Email Support Email Support Live Chat   Email Support Phone Support Live Chat   Email Support Phone Support Email Support   Phone Support Live Chat   Email Support Phone Support
Languages English German Spanish French Italian English Japanese Chinese Polish Danish Dutch Afrikans German etc. English   Spanish Chinese Polish Japanese Vietnamese Korean Arabic English   Spanish Indonesian Vietnamese Thai Chinese Malaysian Hungarian English   Spanish German Chinese Japanese Russian Romanian Arabic English   Italian German French Spanish Russian Arabic Chinese

6. Resources    

Educational resources can help you gain in-depth knowledge about trading and hidden fees. Both eToro and IC Markets do their best to provide top insights and news to their clients.    

So, before choosing a trading broker, you should check to see whether it offers access to comprehensive trading resources. These might include education, analysis, and risk-management tools.

7. Regulations    

A broker regulated by leading authorities comes with a lower risk. These regulations will protect clients and ensure the broker offers qualitative services. Also, the broker regulation will minimize fraud and financial harm.    

eToro

eToro
Funding Bank Transfer   Credit Card PayPal
Customer Support Live Chat   Email Support
Platforms Mobile Apps
Accounts Standard Account   VIP Account Islamic Account

eToro compared to other brokers:
eToro review

Disclaimer

eToro is a multi-asset investment platform. The value of your investments may go up or down. Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk. 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. Crypto assets are unregulated& highly speculative. No consumer protection. Capital at risk.
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.

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