How to withdraw money from eToro: UK guide

Disclaimer: The information in this article is for reference purposes only. Wise does not offer to buy or sell stocks, and all information on this page should not be considered financial advice. All investment decisions should be made after thorough research and consultation with a qualified financial advisor. Remember that investments, even in low-risk funds, are never guaranteed and your capital is at risk.

Have stocks or other investments with eToro? While you and/or your financial adviser will make the investment decisions, you’ll also need to know the practical steps of how to manage your account. And this includes how to withdraw money from the platform.

eToro is a social trading platform and multi-asset investment company. They report over 35 million users worldwide, with a choice of over 7,000 instruments to invest in.¹ It’s a popular choice in the UK, where it is commonly used for stocks and shares trading.

In this helpful guide, we’ll show you how to withdraw money from an eToro investment account.

The good news is that it’s reasonably straightforward to do, but we’ll walk you through all the steps involved.

So, let’s get started.

How to withdraw my portfolio from eToro

If you have money in your eToro account that you’d like to withdraw, you can carry straight on to the steps below.

But if you have shares you need to sell first, you’ll need to do the following:²

1. Login to your eToro account online or via the eToro mobile app
2. Select ‘Portfolio’ from the menu - it’s on the left-hand side on the web version of eToro, and the bottom of the screen in the app
3. Click or tap on the relevant instrument to see the breakdown of individual positions
4. Select ‘Sell’ next to the position you’d like to close, or ‘Close trade’ on the mobile app
5. On the next screen, select ‘Sell’ to confirm.

Before you start though, it’s recommended to seek some professional advice. You might find there are tax or other implications of selling shares or funds.

If you now have cash in your eToro account, you’ll need to know how to withdraw it to your bank account. Read on for a detailed walkthrough of the steps involved.

Step 1: Login to your eToro account

The first thing to do is head to eToro.com and login to your account. You can also access your portfolio via the eToro investment app if you prefer.

Either should be easy to do, providing you remember the login details you used to register for an account on the platform. You can always use the ‘Forgot password’ option if not.

Step 2: Go to the account you want to withdraw funds from

There are two types of account on eToro from which you can withdraw money:³

• An eToro USD investment account
• An eToro Money GBP or EUR account.

So once you’ve logged in, you’ll need to go to the account you want to withdraw funds from.

Step 3: Withdraw money

If you’re withdrawing money from your USD investment account with eToro, simply follow these steps:³

1. Select ‘Withdraw Funds’ from the left-hand menu
2. Enter the amount you’d like to withdraw.
3. Your default payment method will already be selected - for example, your UK current account. If you’d like to choose or add another payment method, select ‘Other payment options’.
4. Select ‘Submit’ and wait for the request to be processed.

Now, let’s look at withdrawing money from a GBP or EUR eToro Money account. The easiest way to do this is in the eToro Money app. Here are the simple steps to follow:³

1. Login to the eToro Money app.
2. Under the ‘Cash’ tab, select ‘Make Payment’.
3. Choose from bank accounts already linked to your account, or tap ‘Add’ to add a new one.
4. Enter the amount you’d like to withdraw/transfer and tap ‘Continue’.
5. Enter a reference - this will help you identify the payment in your bank statement.
6. Tap ‘Continue’ again.
7. Check all the details carefully and select ‘Send’ when you’re ready.

Step 4: Receive confirmation and wait for your withdrawal to be processed

Once your request has been submitted, you should see an on-screen confirmation that it has been processed. You may also receive an email from eToro.

All that’s left to do is wait for the money to be delivered to your bank account.

If you’re withdrawing funds from your eToro USD investment account, it can take up to 10 working days for the money to arrive.³

Withdrawing money from eToro Money accounts via the app is much quicker. In most cases, payments are made immediately - but can potentially take up to 2 hours.³

If you have any issues, contact eToro customer services for assistance. You can find contact details here in the eToro Customer Service Center.

eToro withdrawal fees

Depending on which eToro account you’re withdrawing money from, there may be some fees involved.

It may also depend on the currency of the external bank account you’re sending money to.

Let’s take a closer look:⁴

Use Wise to save on currency conversion when withdrawing from overseas investment platforms

If your investments or RSUs are held in an overseas investment or equity compensation platform, you may get an unpleasant surprise when you come to withdraw money.

You might find that a sizable chunk has been lost to currency conversion fees and poor exchange rates. For example, this can happen when sending or transferring proceeds in USD to a UK account denominated in GBP. If you’re withdrawing or transferring a lot of money, it could add up to hundreds of pounds.

Luckily, there’s a way to shrink these currency conversion costs right down.

Open a Wise account and you can receive money in other currencies for free by turning on local account details (restrictions apply).

For example, you’ll get access to US Dollar account details (i.e. account number and BIC) so that you can receive USD without conversion fees, it also means you can get paid directly in dollars even if you are in the UK.

Once you have all your dollars in Wise, you’ll then have complete control over the currency conversion. You can convert your money to GBP within your Wise account at the mid-market exchange rate, for low, transparent fees*.

You can do this instantly or hang onto the USD to use your Wise account for other US-based investments when the time is right. It’s completely up to you.

Open a Wise account 🌍

After reading this, you should know how to withdraw money from eToro USD investment or eToro Money accounts. And crucially, how much it’ll cost you in fees. We’ve looked at the main steps involved, including info for using the eToro app.

You should find it relatively straightforward to do, but it’s really important to check all the details of your withdrawal or transfer before confirming.

And before you withdraw any money from the platform, you might also want to seek professional advice to help you understand any potential tax implications. An expert can also help you to manage your investments effectively.

Sources used:

1. eToro - number of users and funds
2. eToro - selling with eToro
3. eToro - withdrawing funds
4. eToro- fees and pricing

Sources last checked on date: 21-Mar-2025