eToro Close Account

Adam Rosen - Lead financial writer

Updated 28-Jan-2023

eToro Close Account

For whatever reason you may wish to close or delete your live eToro trading account. eToro is a multi-asset broker that was established in 2007 and is headquartered in Cyprus, UK. eToro offers trading in Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, to over 20,000,000 clients. There are a few ways to close and deactivate your live eToro account including online, through email and even through the post. Closing your eToro account will take around 3 to 10 days depending on your circumstances. There are a few things you will need to check before you close your eToro acccount as once your eToro account is fully deactivated, any trading research and available eToro funds or any other data that remains needs to be in your possession. Once eToro trading platform access is lost.

What are the steps to deactivating and closing my eToro account?

  1. Once logged into eToro, choose "delete" or "Close Account" from the eToro drop-down menu that is located at the very bottom of the page on the eToro. Once you have navigated to the eToro settings page, select the option that allows you to delete your eToro live trading account.
  2. A pop-up will inquire as to the motivation for your decision to close your eToro account, and it will provide you one final opportunity to change your mind. A eToro representitive may also contact you to confirm your eToro account closure.

It is now possible to close your eToro account within three days, provided that all of your eToro positions have been closed and all available eToro funds have been withdrawn.

Although there are thousands of people who use eToro, at some point you may want to close your eToro account. It only takes a few clicks of a button to delete your eToro account if you decide you've had enough of the eToro platform and no longer want to use it.

Before you close your eToro account, double check that all open trades have been closed and that you have withdrawn the full amount of money from your available eToro balance.

You can terminate your eToro account via email

You can log in to your eToro account using the email address that you provided during the eToro registration process in order to terminate your eToro account. Send an email to [email protected] requesting that your eToro account be closed. The email should contain your eToro account deactivation and closing request.

Your eToro Account Can Be Closed Via Telephone

you can also contact a eToro support agent by calling 44-866-350-0881. They will be able to assist you.

To delete your eToro account, go to https://www.etoro.com and then follow the instructions that are provided on the eToro website. If you have any questions or concerns about deleting your eToro account.

Your eToro Account Can Be Closed Via Post

You can send a letter to the eToro head office in Limassol, Cyprus to request that your live eToro account be closed. closing your eToro account via post will take allot longer and you will want to know if eToro recieved your eToro account closing letter.

How Much Time Will It Take Before My eToro Account Is Deleted?

eToro requires three to ten business days to close your account, and their may be some associated fees when closing your eToro acccount. eToro accounts with available funded balance may take longer if you do not provide eToro with a withdrawal method and verify your ID.

Is it possible to reactivate my eToro account after it has been closed?

When an eToro account is closed, it cannot be reopened under any circumstances; however, a new eToro account can be created at any time by using a different username and email address. Your eToro trading history and data will be wiped clean from any previous eToro transactions that you have closed, as well as any active eToro accounts you have had in the past.

Are Multiple eToro Accounts Possible?

You are free to create as many eToro accounts as you like. You will need to register with eToro with the same name and documents as you did when you created your previous eToro account in order to do this. You will, however, be required to create a new eToro login name and email address for your new eToro accounts.

What Are Some of the Reasons That People Want to Cancel Their eToro Account?

The majority of newcomers struggle with fundamental issues such as risk management, which frequently results in significant financial losses with brokers like eToro. People typically decide to close their trading account on eToro because they no longer wish to participate in the eToro platform's trading activities. Its possible you have trading accounts else where and you wish to close up eToro or you are looking for an eToro alternative.

Inactivity Fees for Your eToro Account

It's possible that you have an eToro account in which you haven't executed a live buy or sell order in a few months. If this is the case, your eToro account may be marked and dormat and eventually locked.

Because eToro does charge inactivity fees for eToro dormant accounts, you should make sure to close any eToro accounts you have with eToro that you no longer intend to use.

Withdraw the remainder of your eToro balance

You can take money out of your eToro account whenever you like by using the eToro trading platform or going to the website https://www.etoro.com.

In order to accomplish this, you will need to take any remaining money out of your eToro broker account, which is a process that is also known as final eToro balance withdrawal.

There is a wide variety of withdrawal methods offered by brokers like eToro, as well as differences in the amount and speed of withdrawal speeds depending on your chosen eToro withdrawal method.

You are permitted to withdraw funds from your eToro account up to the value of the available funds in your eToro account at any given time. Because you are not required to keep any money in your eToro account, you are free to withdraw the entirety of your eToro balance whenever you see fit. Remember that any eToro funds that you withdraw will be put back into the same account that they came from when you made the eToro deposit. This is the most important thing to keep in mind.

It is possible that you will be required to provide an alternative method in order to withdraw money from eToro if your details have changed since the time that you initially deposited the eToro funds.

When you withdraw money from eToro, the process is not instant; rather, it typically takes at least several business days for the money to reach you. eToro withdrawal times differ depending on the selected payment method in your eToro dashboard.

If all of the information associated with your eToro account is accurate, the processing of your request to withdraw funds from your eToro account may take up to one to ten business days. The amount of time it is estimated to take to receive payment from eToro after a withdrawal has been processed varies entirely according to your chosen method of payment and is dependent on the 3rd party payment service provider supported by eToro.

eToro Account Deactivation Delays

Because there is a possibility of delays when withdrawing large sums of money from an eToro account, we recommend getting in touch with your financial institution in advance. Additional eToro waiting time may be incurred due to the placing of a security hold on large eToro withdrawals. Please check with your financial institution before initiating a eToro withdrawal because the processing times associated with each eToro withdrawal method are unique.

While your eToro account is 'Under Review', you will still be able to withdraw funds from it; however, you will need to have funds that are eligible for eToro withdrawal in order to complete the withdrawal process. Once your eToro withdrawal request has been processed by eToro and the withdrawal process has been finished, you will be notified via email that the request has been fulfilled.

It is important that you understand that you can only withdraw eToro money into accounts that are under your own name.

Withdrawal Fees Charged by eToro

Because 3rd party fees for eToro international bank transfers and wire transfers can be quite high, you should make it a habit to double check whether or not this is something that will be applicable to the eToro closing transactions you conduct.

At eToro, the withdrawal of funds for basic transactions is free of charge. You will be subject to an additional fee by your 3rd part eToro withdrawal method for currency conversion if you choose to withdraw funds in a currency other than US dollars (USD). The prices of the eToro withdrawal services may shift at any time in response to shifts in the market conditions.

The majority of withdrawal requests made to eToro are processed free of charge through common withdrawal methods like Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets.

How to Uninstall the eToro App on Your iOS or Android Device

On your iOS or Android device when the app list window displays, touch and hold the eToro app icon until it appears, and then pick the option to Remove App from the menu. After opening the app drawer, which is where all of your apps including eToro are kept, you may move them to the Uninstall area (on Android) on the left side of the screen by dragging and dropping them there. From that screen, select the Delete eToro App option to confirm that you wish to remove the eToro application from your phone. Tap the minus sign or the X to delete eToro applications, which is the quickest and easiest method to remove eToro applications from your device.

eToro should be removed from your computer if no longer needed

If you have downloaded eToro to your PC or Mac computer you can uninstall any eToro software and remove eToro from your web browser.

What You Need To Do To Cancel A Request To Close Your eToro Account

You can get in touch with eToro customer support via e-mail, the phone, or live chat if available if you don't feel like closing your eToro account. As long as your eToro close account status is 'Under Review' or 'In Progress', you may cancel your eToro account closure request by contacting eToro customer support.

How Does The eToro Account Compare Against Other Brokers?

  • eToro Broker Account

    Visit eToro

    🀴 eToro is Used By: 20,000,000
    ⚑ eToro is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

    πŸ’΅ What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with eToro: 2000

    πŸ“ˆ eToro Inactivity Fees: Yes
    πŸ’° eToro Withdrawal Fees: Yes
    πŸ’° eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
    πŸ’° eToro Account Base Currencies: USD

    eToro Risk warning : 79% of retail investor accounts lose money when trading CFDs with this provider.

  • IC Markets Broker Account

    Visit IC Markets

    🀴 IC Markets is Used By: 180,000
    ⚑ IC Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
    πŸ’΅ Instruments Available with IC Markets: 232

    πŸ“ˆ IC Markets Inactivity Fees: No
    πŸ’° IC Markets Withdrawal Fees: No
    πŸ’° IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
    πŸ’° IC Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD

    IC Markets Risk warning : Losses can exceed deposits

  • Roboforex Broker Account

    Visit Roboforex

    🀴 Roboforex is Used By: 10,000
    ⚑ Roboforex is Regulated by: Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with Roboforex: 100

    πŸ“ˆ Roboforex Inactivity Fees: No
    πŸ’° Roboforex Withdrawal Fees: Yes
    πŸ’° Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, Bitcoin, WebMoney, BPAY, China UnionPay, FasaPay, CashU, QIWI, Yandex Money, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
    πŸ’° Roboforex Account Base Currencies: USD, EUR, CNY, XAU

    Roboforex Risk warning : Losses can exceed deposits

  • AvaTrade Broker Account

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    🀴 AvaTrade is Used By: 200,000
    ⚑ AvaTrade is Regulated by: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)

    πŸ’΅ What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
    πŸ’΅ Instruments Available with AvaTrade: 1000

    πŸ“ˆ AvaTrade Inactivity Fees: No
    πŸ’° AvaTrade Withdrawal Fees: No
    πŸ’° AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
    πŸ’° AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD

    AvaTrade Risk warning : 71% of retail CFD accounts lose money

  • FP Markets Broker Account

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    🀴 FP Markets is Used By: 10,000
    ⚑ FP Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)

    πŸ’΅ What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with FP Markets: 100

    πŸ“ˆ FP Markets Inactivity Fees: No
    πŸ’° FP Markets Withdrawal Fees: No
    πŸ’° FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
    πŸ’° FP Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD

    FP Markets Risk warning : Losses can exceed deposits

  • NordFX Broker Account

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    🀴 NordFX is Used By: 10,000
    ⚑ NordFX is Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13

    πŸ’΅ What You Can Trade with NordFX: Forex, Majors, Metals,
    πŸ’΅ Instruments Available with NordFX: 50

    πŸ“ˆ NordFX Inactivity Fees: No
    πŸ’° NordFX Withdrawal Fees: No
    πŸ’° NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
    πŸ’° NordFX Account Base Currencies: USD, EUR

    NordFX Risk warning : Losses can exceed deposits

  • Plus500 Broker Account

    Visit Plus500

    🀴 Plus500 is Used By: 22,000,000
    ⚑ Plus500 is Regulated by: Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546

    πŸ’΅ What You Can Trade with Plus500: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, US Stocks, UK Stocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with Plus500: 2500

    πŸ“ˆ Plus500 Inactivity Fees: Yes
    πŸ’° Plus500 Withdrawal Fees: No
    πŸ’° Plus500 Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill,
    πŸ’° Plus500 Account Base Currencies: GBP, EUR, CHF, JPY, AUD, CAD, NZD, PLN

    Plus500 Risk warning : 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  • XTB Broker Account

    Visit XTB

    🀴 XTB is Used By: 250,000
    ⚑ XTB is Regulated by: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa

    πŸ’΅ What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with XTB: 4000

    πŸ“ˆ XTB Inactivity Fees: Yes
    πŸ’° XTB Withdrawal Fees: No
    πŸ’° XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
    πŸ’° XTB Account Base Currencies: USD, GBP, EUR

    XTB Risk warning : 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • Pepperstone Broker Account

    Visit Pepperstone

    🀴 Pepperstone is Used By: 89,000
    ⚑ Pepperstone is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217

    πŸ’΅ What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with Pepperstone: 100

    πŸ“ˆ Pepperstone Inactivity Fees: Yes
    πŸ’° Pepperstone Withdrawal Fees: No
    πŸ’° Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
    πŸ’° Pepperstone Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, HKD

    Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

  • XM Broker Account

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    🀴 XM is Used By: 3,500,000
    ⚑ XM is Regulated by: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

    πŸ’΅ What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
    πŸ’΅ Instruments Available with XM: 1000

    πŸ“ˆ XM Inactivity Fees: Yes
    πŸ’° XM Withdrawal Fees: No
    πŸ’° XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
    πŸ’° XM Account Base Currencies:

    XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • FXPrimus Broker Account

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    🀴 FXPrimus is Used By: 10,000
    ⚑ FXPrimus is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)

    πŸ’΅ What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
    πŸ’΅ Instruments Available with FXPrimus: 130

    πŸ“ˆ FXPrimus Inactivity Fees: No
    πŸ’° FXPrimus Withdrawal Fees: Varies
    πŸ’° FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
    πŸ’° FXPrimus Account Base Currencies: USD, GBP, EUR, SGD, PLN

    FXPrimus Risk warning : Losses can exceed deposits

  • easyMarkets Broker Account

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    🀴 easyMarkets is Used By: 142,500
    ⚑ easyMarkets is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)

    πŸ’΅ What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
    πŸ’΅ Instruments Available with easyMarkets: 200

    πŸ“ˆ easyMarkets Inactivity Fees: No
    πŸ’° easyMarkets Withdrawal Fees: No
    πŸ’° easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
    πŸ’° easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR

    easyMarkets Risk warning : Your capital is at risk


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