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Wikitoro author Wikitoro Team Written by Wikitoro Team
Wikitoro fact checker Nick Zelver Fact checked by Nick Zelver
Updated Feb, 2024

Yes, you can withdraw money from eToro in the UAE, provided your account is fully verified. Additionally, you can withdraw funds at any time, up to the value of your account balance minus any margin used.

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76% 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.

 

Navigating the withdrawal process from an eToro trading account can be a crucial aspect for investors, especially in regions like the UAE. Since I have an account with this broker and also a resident of this country, I've experienced firsthand the process of withdrawing funds. Let me to shed light on whether it's possible for traders in the UAE to successfully withdraw money from their accounts, using my experiences as a guide.

 

Account Verification: The First Step

The initial step in the withdrawal process involves having a fully verified account, a standard procedure that I completed soon after I signed-up with this broker.

Look: This verification is essential to ensure a smooth and secure withdrawal process. For me, completing this step right away meant I faced no hurdles when it came time to withdraw funds. They actually emphasized this when I got a notification from the platform to verify my account.

 

My First Withdrawal Experience in the UAE

My first experience with withdrawing funds while in the UAE was remarkably smooth. The request was processed within just one day. This prompt processing time was reassuring, especially for a trader relying on timely access to funds.

 

Consistency in Subsequent Withdrawals

In my subsequent experiences with withdrawing funds, I encountered no issues, regardless of the timing or frequency of my requests. 

It's important to note that withdrawals can be made at any time, with a minimum cash-out of $30, and the amount is up to the value of your account balance, minus any margin used. This flexibility is a significant advantage, allowing for better financial planning and management of investment funds.

 

Primary Insights

  • Account Verification: Essential for a smooth withdrawal process; should be completed immediately after opening an account.
  • First Withdrawal Experience: In the UAE, the process can be quick, with requests potentially processed within a day.
  • Consistency in Withdrawals: Subsequent withdrawals are reliable and hassle-free, regardless of timing or frequency.
  • Minimum Amount: The minimum withdrawable amount is $30. This is standard for all users, regardless of country.
  • Withdrawal Flexibility: Funds can be withdrawn up to the value of the account balance, providing flexibility for financial management.

Overall, I can confirm that withdrawing funds on eToro is a straightforward and reliable process. The key is ensuring your account is fully verified from the outset. This personal insight should provide reassurance to eToro UAE traders about the feasibility and ease of withdrawing funds from their trading accounts.

 

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

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.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

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.

Wikitoro author Wikitoro Team About Wikitoro Team

The Wikitoro Team is a dynamic group of five seasoned eToro traders who have been actively using the platform since 2018. As pioneers in establishing the Wikitoro wiki site, we are dedicated to ensuring the accuracy and reliability of the information we provide. Our team regularly verifies data and content from our authors and contributors, taking turns to meticulously review each piece. Our commitment is to offer our readers factual and precise information, reflecting our extensive experience and deep understanding of the eToro platform.

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76% of retail investor accounts lose money