Have you just become a customer of eToro and are about to make your very first deposit, but are a little unsure of how to do it? You’re probably not alone in that!
Making a deposit (or withdrawal) from your eToro account is difficult once you get into it. But first, of course, you have to learn how to proceed.
In this article, we will take a closer look at how you as a new customer at eToro can learn how to make deposits (or withdrawals) in no time!
Deposits and withdrawals – very simple processes
Before we go into each of these processes, we will first say something that applies to both the deposit and withdrawal process.
After all, both the deposit and withdrawal process are very uncomplicated. There are also processes that take a very long time, so you do not have to set aside time in the calendar for you to have the opportunity to do so.
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How to deposit money into your eToro account
Depositing money into your eToro account is very easy. The reason is that once you have become an eToro customer, much of the preparation has already been done. By preparation, we mean that you have created an eToro account and have probably reflected on which payment method you prefer.
Below you will see a chronological list of how to proceed to deposit money into your eToro account.
- Log in to your account by entering the username and password you chose when you registered as an eToro customer.
- Then find and select the “Deposit money” option.
- Once you have arrived, select the desired currency and enter how much you want to deposit in your account.
- To complete the process, you may be asked to choose which deposit method you prefer. Then it is this method that will be used as the “default” for your eToro account.
The only thing you have to keep in mind is that there may be a minimum requirement in connection with making a deposit. How high this requirement is will vary depending on which country you are in. Some countries only require you to deposit $ 50, while others may require up to $ 10,000.
It is also important to be aware that the deposit process may vary slightly depending on which deposit method you choose. Deposits with bank transfer and deposits with Giropay will of course be different. It is also not certain that all payment methods are available in your country.
How to withdraw from your eToro account
Some time after you have deposited money into your account, invested and maybe made some money, it is not uncommon for someone to want to withdraw their eToro account. And, of course, this is something you can do whenever you want.
Making a withdrawal from their account can be a little nerve-wracking, because what if suddenly something goes wrong? However, this is very rarely the case, so it is not something you need to worry about at all. Here is a chronological list of how to proceed to withdraw your eToro account:
- Log in to your account.
- Select the option «Make withdrawals».
- Follow the instructions that appear on the screen.
Withdrawals, however, are something you should start thinking about when making a deposit. Because you should not choose a separate withdrawal method. eToro transfers the withdrawal to the same account where the deposits came from.
With that said, eToro will ask you to provide an alternative withdrawal method. This is because not everyone is able to use the same method, and then they have to have a plan B so you get your money anyway.
Are deposits and withdrawals safe with eToro?
Whether you are going to make a deposit or withdrawal, there are very many who are very concerned about security. Is it safe to make a deposit or withdrawal with eToro?
This is a question that many have asked, and it can also be seen as eToro has included it in its FAQ, which can be translated into “frequently asked questions”. However, the answer is the same whether you are going to make a deposit or a withdrawal: Yes, it is safe to do this at eToro.
If something goes wrong in one of these processes, eToro offers good customer support and they will help you find out what went wrong.