Founded in 2007, eToro is among the world’s leading social investment network. It allows its users to follow the trading activities of various investors. Most of the online business social networks become pain when it comes to the process of withdrawing money but Withdrawing money from eToro is pretty simple; we have created a step by step guide for you that will help you understand how to withdraw money from your eToro account.
Step 1: Enter the cashier section on the eToro website; locate the ‘Withdrawal’ tab and click on it.
Step 2: Enter the amount you want to withdraw from your account.
Step 3: You’ll be prompted to fill the withdrawal form; fill the electronic withdrawal form according to the instructions mentioned on the form and click submit.
Once you have submitted the form, you’ll be notified via an email in a short while whether your withdrawal request has been completed or not. The withdrawal request can take as much as five business days to process. You can withdraw money by various methods, the withdrawal options include: Withdrawing through credit card, through PayPal account, through Skrill, Webmoney, Neteller or simply through bank transfer.
Reviewing your Request: If at any point during the withdrawal process you wish to review it, all you need to do is click on the Cashier section and then click on the history button. Keep in mind that the request can only be reviewed or cancelled as long as it has a pending status. You won’t be able to reverse the request once it’s accepted.
Withdrawal fees and other requirements:
To withdraw money from your account you need to fulfill certain documents, these include:
- Scanned copy of your Passport with your signature visible.
- A clean copy of any recent utility bill that you have paid or bank statement.
Note: These documents will be required only the first time you withdraw money.
Every time you withdraw your request will be charged a certain withdrawal fee, the fee depends upon the amount of money you are withdrawing. The fee for various amounts is as follow.
- If you are withdrawing an amount between 20.00 to 200.00 USD you will be charged a few of 5.00 USD.
- If you are withdrawing an amount between 200.00 to 500.00 USD you will be charged a few of 10.00 USD.
- If you are withdrawing an amount above 500.00 USD you will be charged a few of 25.00 USD.
Western Union and Moneygram are not included to the various methods of money withdrawal eToro supports. Instead of these you can withdraw amount from your bank transfer that will take up to 6 to 7 working days to process.
The eToro’s users can withdraw amounts from their accounts anytime day or night. The selected methods of Payment added to eToro are the easiest and the fastest way to transfer money worldwide. This trading network is benefitting thousands of traders to earn and withdraw money online.