How to Open eToro Account
Regardless of whether you are using an online broker for short-term trading or long-term investing, at some point, you will want to benefit from your successful trades and transactions. To do so, you must first withdraw funds from your user account at your brokerage.To get more news about etoro fund withdrawal, you can visit wikifx.com official website.
It may not seem very complicated, but brokers differ significantly in what withdrawal options they offer (such as bank transfer or credit/debit cards), as well as in speed and convenience. Most brokers offer free withdrawals, but some brokers and funds transfer services may charge fees.
The eToro platform is one of the most popular online brokers. You can invest in a variety of assets through eToro's user-friendly exchange. In this guide, the Traders Union will provide you with successive steps on how to withdraw money from eToro.eToro offers several withdrawal methods such as bank transfers, credit cards, and e-wallets. Transfer services like PayPal, Skrill, Neteller, etc., take up to 2 working days to complete the transfer of funds compared to bank transfer/wire transfer and credit/debit card withdrawals that usually take 3-8 business days.
The withdrawal fee charged by eToro is $5, no matter how much you withdraw or what transfer method you use.
When withdrawing funds in a currency other than USD, you'll also have to pay a conversion fee. The conversion fee will vary based on your chosen currency.
It is important to note that certain withdrawal methods are given priority. If you withdraw money onto a credit card, this happens first, then PayPal, then bank transfers. eToro will request an alternative withdrawal method if your details have changed since you deposited the funds.
How to withdraw money from eToro
To withdraw funds from eToro, you must submit a withdrawal request. This can be done by following these five steps:
1. On the side menu of your eToro account, click Withdraw Funds.
2. It will display your total and withdrawable funds in a pop-up window.
3. Select your desired withdrawal amount (noting the $5 withdrawal fee) click Submit
4. Select a reason for withdrawal and click Continue
5. Select your withdrawal method and click Submit
Withdrawing funds from your eToro account is possible at any time up to the value of the remaining balance on your account. You don't have to keep any money in your account, so you can withdraw the entire balance if necessary.
What is the eToro minimum withdrawal amount?
The eToro minimum withdrawal amount per transaction is $30. There is no maximum withdrawal amount. Also, keep in mind that there is a $5 fee for each withdrawal, regardless of the amount
What are eToro withdrawal currencies?
The eToro platform operates in USD and you don't have to pay any fees or charges when you deposit or withdraw funds using USD on its platform. However, there are many other currencies that eToro supports for withdrawals, including EUR, GBP, AUD, RMB, THB, IDR, MYR, VND, PHP, SEK, DKK, NOK, PLN, and CZK. However, if you withdraw funds in a currency other than USD, eToro will charge a conversion fee. In addition to this, it also charges a conversion fee when you withdraw funds from your eToro investment account in any of these currencies.
It should be noted that eToro does not charge conversion fees for depositing or withdrawing funds from a currency that it does not support and that any conversion fee will be handled by your payment transfer provider, not by eToro.
