Long-term investing

eToro Close Account guide

Closing a brokerage account is more than pressing a button. For long-term investors, the process usually involves settling or transferring positions, withdrawing cash, downloading records and confirming that no residual obligations remain. This guide sets out the checks to run before closing an eToro account. It does not describe eToro's current closure process in detail, because procedures, fees and timelines can change. Treat everything here as a checklist to verify against eToro's own help pages, terms of service and support channels before you act.

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Prepare before requesting closure

Account closure requests are typically only processed once the account is in a clean state. Before contacting the broker, review your holdings and decide whether each position should be sold or, where the broker supports it, transferred elsewhere. Selling creates potential tax events, so long-term investors should think carefully about timing and record the cost basis of anything they dispose of. Also check whether any pending deposits, dividends or corporate actions are due to land in the account, since these can delay closure or leave stranded cash.

List every open position and decide whether to sell it or ask eToro whether a transfer option exists for your account type.
Check eToro's documents for any conditions attached to closure, such as required minimum activity, verification steps or notice periods.
Confirm whether pending dividends, interest or corporate actions are expected before you submit the request.
Note any subscription-style features or recurring payments linked to the account and cancel them separately if needed.

Withdrawals, fees and residual balances

Before closing, withdraw your remaining cash balance and confirm the amount received matches your statement. Verify in eToro's current fee schedule whether withdrawal fees, currency conversion charges or inactivity fees apply to your account and region, because these affect the final amount you receive. Small residual balances can remain after withdrawal due to rounding, conversion or late-arriving credits, so ask support how such amounts are handled once the account is closed. Do not rely on third-party summaries of fees; broker documents are the only reliable source and they change over time.

Check the current withdrawal fee, minimum withdrawal amount and currency conversion terms directly in eToro's fee documentation.
Confirm your withdrawal method and verify that your linked bank or payment details are up to date before requesting funds.
Ask how residual balances, late dividends or refunds are handled after closure.
Use the Brokerage fee calculator to estimate how closure-related costs compare with keeping the account dormant.

Records, taxes and confirming closure

Download full account statements, trade histories and any available tax reports before you lose access, because retrieving records from a closed account can be slow or impossible. Long-term investors often need multi-year records for capital gains reporting, so export everything rather than only the most recent year. After submitting the closure request, keep any written confirmation and check later that the account is genuinely closed rather than dormant. If you are choosing a replacement broker, work through a structured checklist rather than switching on impulse.

Export statements, trade confirmations and dividend records for every year the account was active.
Keep written confirmation of the closure request and the final closure notice.
Verify your local tax reporting obligations independently, since brokers do not handle personal tax filing for you.
Use the Find my broker checklist if you plan to open a replacement account.

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FAQ

Do I need to sell all my positions before closing an eToro account?

Brokers generally require accounts to be empty of open positions and cash before closure. Whether selling or transferring is the route available to you depends on eToro's current policies and your account type, so confirm the exact requirements in eToro's help documentation or with support before acting.

Are there fees for closing an eToro account?

This page does not state current fee amounts because they change. Check eToro's published fee schedule for withdrawal fees, conversion charges and any inactivity fees that could apply while the account winds down, and confirm anything unclear with support in writing.

What records should I keep after closing the account?

Keep full statements, trade histories, dividend records and any tax reports for every year the account was open. Tax authorities in many jurisdictions can request records going back several years, and closed-account data can be difficult to retrieve later.