Economy
Experts Advise on How to Successfully Close eToro Account in 2023
eToro is like a big global marketplace for people who want to trade. It has been around since 2007 and serves folks in over 140 countries. It’s great for both the pros who know their stuff and newcomers who are just starting out. They even have a practice account for beginners and ways for people to earn without doing much. Sometimes, though, things don’t work out, or people just change their minds. Traders Union has got you covered with a guide on how to close eToro account the right way.
Comparing eToro account options
eToro offers trading conditions that many find appealing due to its unique features. Initially, traders need to deposit $200, but after that, they can top up with as little as $50. If you’re looking to mimic another trader’s moves, you’ll need a minimum of $500. The smallest amount you can copy from another trader ranges from $1 to $2. The leverage they offer aligns with European regulatory standards.
eToro essentially provides two main account types: a practice (demo) account and a standard trading account. Both are set up for direct trades or for copying others. Occasionally, there’s an option for a distinct shares account, especially when engaging with US stock markets.
For those leaning towards hands-off investing and keen on building smart investment strategies, eToro stands out as a go-to platform. TU’s analysts recognize its potential for those focusing on passive investment methods.
Closing your eToro account made it easy
According to Traders Union experts, shutting down your eToro account is straightforward. Here’s how you can do it:
- Online: Log in, head to settings, choose “Account”, and click “Close your eToro account”. State your reason, then hit “Continue”.
- Email: Send a request titled “Account deletion request” to [email protected], explaining why you want out.
- Phone: Call support at 1-888-271-8365, and they’ll guide you through.
Remember, once closed, you can’t reopen that account. You’d need a new email and username to register again.
Why do people close their eToro accounts?
TU’s analysts have highlighted several reasons why individuals decide to close their eToro accounts:
- experiencing losses because of high leverage or not mastering risk management;
- finding the trading platform challenging to navigate;
- slow withdrawal processes;
- trading not going as hoped;
- missing desired trading instruments on the platform;
- receiving too many unwanted emails or notifications.
In the past, users had to reach out to client support to close their accounts. Now, the process is more streamlined, but always ensure you’ve withdrawn all your money first.
Steps to cash out your money
Ensure the amount you wish to take out is available in your balance. To withdraw, follow these steps:
- On the left menu, click “Withdraw Funds”.
- Input the amount you want to withdraw.
- Click on “Continue”.
- Choose the currency for withdrawal.
- Check the pre-selected payment method. If it doesn’t suit you, opt for “Other Payment Options”.
- Click “Submit”.
For any queries about withdrawing funds or closing your account, eToro’s support team is there to assist.
Conclusion
In summary, eToro has cemented its place as a top trading platform since its inception in 2007, catering to both experienced traders and beginners alike. With unique features and varied account options, it offers a wide spectrum of trading opportunities. However, if for any reason you decide to part ways with eToro, the process is now more user-friendly than ever. Whether you choose to close your account online, via email, or over the phone, it’s essential to ensure all funds are withdrawn. As always, for any trading decisions or processes, it’s wise to consult platforms like Traders Union or reach out to eToro’s dedicated support team for guidance.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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