Etoro’s social trading feature and accessible app, however, make the process more accessible, regardless of whether replicating the trades of someone doing well can help or not.
Whether you’re quitting the game or just looking for another trading app, you’ll need to close your eToro account before it’s too late. Find out what steps you need to take before closing your account.
How To Remove An Etoro Account From An iPhone?
Here are the steps you need to follow to close your eToro account from your iPhone: First, make sure all open trades are closed and any funds exceeding $25 are withdrawn. Follow these steps then:
- Start the eToro app and sign in.
- Tap the hamburger icon in the top left corner, selecting “Settings.”
- Select the “ACCOUNT” setting tab.
- Scroll down to the bottom and tap the “Click here to close your eToro account” link.
- Tap “Continue” to proceed.
- Toro will attempt to change your mind. Follow the prompts to “Confirm” your account closure.
If you want to close your eToro account, the process should take three business days. You will receive a confirmation email following the close.
Android: How To Delete Your Etoro Account?
Etoro requires that you close all open positions and withdraw all available funds above $25 before your account can be closed. Once you’ve closed all open positions and withdrawn available funds, follow these steps to complete your Android account:
- Sign in to your eToro account.
- Tap the hamburger icon above the menu bar, selecting “Settings.”
- Select the “ACCOUNT” tab.
- Click “Click here to close your eToro account” on the “Click here to close your eToro account” link.
- If you want to close your account, select a reason and click “Continue.”
- eToro will try to convince you to stay. Follow the prompts and click “Confirm” to do so.
After it’s closed, you’ll receive a confirmation email. It usually takes three days to close an account.
How To Remove Etoro Account From PC?
The following steps will guide you through closing your eToro account. You need to complete open positions and withdraw funds over $25 before closing your account. You can close your account by following these steps:
- Log into your eToro account.
- Go to the “Settings” link towards the bottom of the left pane.
- On the “Settings” page, select the “Account” tab.
- Scroll down and click the link “Click here to close your eToro account.”
- eToro will ask you why you are leaving. Enter a reason and click “Continue.”
- You’ll be prompted to change your mind. Follow the prompts until the pop-up asking you to confirm comes up.
Your closed account will be confirmed by email within three days.
The most popular social trading platform is eToro, where thousands of traders are learning how to trade and earn money while dozens of professional traders are making money.
In the case of an eToro account cancellation, the steps above should be followed. However, it is okay to leave your eToro account after you cancel, as the broker does not charge you for inactive accounts.
If you are considering closing your account due to a lack of trader copies, you might want to read our post to identify good trader copies before closing your account.
Frequently asked Questions (FAQs)
Is eToro a trustworthy broker?
If you have any questions regarding the safety and security of eToro, don’t hesitate to get in touch with our customer support team at [email protected] Client funds on eToro are securely stored in tier 1 banks, and all client data is protected under SSL encryption.How do I reopen an eToro account that was closed?
Your eToro account cannot be reopened once it has been closed. However, if you want to open a new tab with a different username and email address, you may do so.What are the steps for unsubscribing from eToro?
Please follow the steps below to close your account:
Log in to your account.
Go to your Account Settings.
Click the account closure link at the bottom of the page.
Follow the following steps to close your account.What is the process of closing an eToro account?
Etoro offers a three-day turnaround time on account closures, which is quicker than other trading brokers.How Do I Reset My eToro Account?
The eToro platform cannot completely reset your account. For instance, no trade history and stats can be reset for a virtual portfolio with $100,000 and no trading history. However, you can create a new eToro account by entering a unique username and password.Are you the owner of the stock listed on eToro?
CFD stock positions do not give you direct ownership of the stock, although you are free to close them if you like and withdraw your funds. EToro will hold your stock positions in a segregated omnibus account on your behalf when you open a stock position on the investment platform.What is the safety of holding crypto on eToro?
ASIC and FCA regulations imply that eToro protects investors, so the company operates according to these regulations. In addition, all of our client’s personal information is protected with SSL encryption on eToro, and their funds are secured in top-tier banks.How can I cancel eToro pending close?
If you keep a copy open after all trades are closed, the funds within that copy will remain in ‘Pending Close’ status until they are all closed. Once you have completed the document, your funds will be returned to your available balance. A pending close copy cannot be canceled once it’s been marked as closed.How does eToro handle trades close?
If you click Close Trade, only the amount you selected will close. In contrast, the remaining amount will remain open in your Portfolio, and the Stop Loss and Take Profit parameters will adjust automatically to match the size of the new position.What are the options for changing my username on eToro?
Unfortunately, in contrast to other trading platforms, eToro does not offer the capability of changing your username. Still, you can request to close your current account and open a new one with a unique username and a different email address.Can I have two eToro accounts?
You may use the same verification document to verify both accounts, but it can’t be used for both versions. The only option would be to use your passport for one account and your driver’s license for the other.Why are withdrawals failing?
If Gate.io notices that a password has been changed or an upgrade has taken place, they may temporarily suspend withdrawals. Learn how to fix Gate.io withdrawal problems in this post.Can beginners use eToro?
I believe eToro is an excellent choice for beginners because its trading platform is easy to learn and not overly complex. In addition, the web platform and mobile app of eToro provide plenty of tools and features that are easy to use.How does eToro compare to Coinbase?
If you’re involved with securities trading, you’ll have no choice but to use eToro. If you’re interested in crypto trading, Coinbase offers more market access. With margin trading, you can do essentially the same thing on Coinbase Pro that eToro provides in this market.Can eToro be used for long-term investing?
Yes, you can form a portfolio of long-term investments with eToro’s low-cost trading platform. Their trading platform is also user-friendly, modern, and easy to use. In addition, they have transitioned from social trading to social investing.