How Long Does eToro Withdrawal Take?

Written by Mike Druttman

Fact checked by Nick Zelver

Updated Aug, 2024

eToro withdrawals can take up to 10 business days, depending on the payment method chosen. If you use eToro Money, withdrawals are instant. However, with PayPal or NETELLER, it can take up to 2 business days.

Over the years, I've navigated the eToro online trading platform with growing familiarity. However, as a beginner, one particular concern I had was the withdrawal processing time. Drawing from my years of experience with this broker, I'll share insights and set clear expectations about eToro withdrawal times.

The Quick Withdrawal Process

Withdrawing via the eToro platform is straightforward. Simply click on "Withdraw Funds," input the amount you'd like to take out (keeping in mind the $30 minimum), specify the reason for the withdrawal, and then submit your request. That's how simple it is.

Factors That Can Affect Withdrawal Times

Several elements can influence the timing of your withdrawals:

• Account Verification Status: Withdrawal might be delayed if your account isn't fully verified. Before you can access your trading funds, you'll need to complete the verification process.
• Withdrawal Method: Traditional methods like bank transfers and credit/debit cards typically have longer processing times compared to digital options like PayPal, Skrill, and Neteller. Credit Cards and PayPal are not available for deposits for users under the FCA regulation.
• Local Bank Processing: Your local bank might add a few days of wait due to its internal processing times.
• Public Holidays: Initiating a withdrawal during peak holiday seasons, such as Christmas or extended public holidays, might add an extra day or more, as these aren't considered business days.

Withdrawal Times Per Payment Method

The time it takes to receive your funds depends on the payment method you've used. Different service providers have varying processing times, and the wait is often due to the payment service provider, not eToro.

Below is a table of these payment methods, along with an indication of the expected wait times:

Useful Tips for a Speedier Processing of Withdrawals

Seeking a quicker turnaround time to get your withdrawal from eToro? Here's a valuable tip to expedite the process:

• Ensure your account is verified: Keeping my account fully verified always helped speed things up.
• Opt for eToro Money or quick, secure payment methods: If eToro's e-money service is available in your country, it's the quickest option to use.
• Steer clear of weekends: Withdrawals are processed only on business days, so requests made on Saturdays or Sundays can add an extra 1-2 days of waiting time.

Don't Forget the Possible Fees!

Remember the potential eToro fees associated with withdrawals:

• Each withdrawal request carries a $5 fee.
• Withdrawals in non-US currency face conversion fees.
• Charges might be applied by the entity facilitating the transfer, which could be your credit card provider, intermediary bank, or receiving bank.

Challenges I Encountered with eToro Withdrawals

Let's be real: No platform is without its glitches. I've experienced sporadic delays stemming from technical glitches or bank-related holdups.

However, a combination of patience and proactive communication with eToro's attentive support team has always paved the way forward.

In Restrospect

Navigating eToro withdrawals has mostly been a smooth ride for me. A clear grasp of the process eliminated potential stress points, ensuring seamless access to my funds. My aim in sharing these insights is to make the journey smoother for fellow traders on the eToro platform.

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. 51% 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.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

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