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How to Withdraw Funds from Etoro | Proof of Withdrawal | How long? |Tagalog - YouTube
Channel: Danica Marielle
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Hi, guys! Welcome back to my channel.
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Many of you are asking
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on how to withdraw your funds here in Etoro.
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What are the things that should be done?
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What are the things you must know?
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How long does it take to withdraw funds?
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And will our invested money really be withdrawn?
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Actually, guys, the time when I am just starting,
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same questions goes with my mind.
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Is Etoro a scam?
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What if I won't recover my invested money?
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What I did is
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I watched videos and read reviews on how to withdraw on Etoro.
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In this video, I will share you my personal experience
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on withdrawing funds from Etoro. And
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I will be sharing as well the things we all need to know
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every time we make withdrawals on Etoro.
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Hi I am Danica.
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A scholar graduate of UST with a Bachelor's degree in Chemical Engineering
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as well as varsity who played in UAAP.
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Right now, I work during the day
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and do trade and invest in stock market at night.
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I made my first withdrawal last July 1, 2020
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which is also the time that my account was verified.
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So, I already had my account verified.
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And then I deposited a minimum amount of 200 USD
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Because I am very skeptical at first on Etoro
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-- having doubts if this really is a legit platform, or maybe a scam
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that I might not able to recover my investment.
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What I did at first is I did not trade,
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instead, I suddenly withdrew my funds.
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Becuase I really want to be complacent
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that there will be an assurance that my money will be withdrawn.
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We can't really get rid of our hesitation
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not until we already tried it ourselves.
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At the same time, I have been reading complaints
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that withdrawal takes a lot of time,
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Etoro is awful,
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-- like this, like that.
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On my perspective, I was alarmed by those.
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So, what I want is to prove it by myself
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that my investment will return.
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However, right now I will show you proof
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that your money will be returned
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from Etoro
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and that it can be withdrawn.
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I will also show you where these complaints are coming from.
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Those things that they were saying like -- it takes a lot of time;
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you won't get your money back; a month has passed but still nothing happens.
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So, now I will share you the things we should know
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every time we withdraw funds from Etoro.
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As well as, I will show you
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the process of my withdrawal
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personally, so you can have some ideas.
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Once we open our Etoro, we can see
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the available balance
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on the bottom part.
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That is the money that we can use to purchase
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whenever we want to buy stocks,
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forex, or anything we want to buy.
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That will be the amount of money we will be using.
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Also, that is the balance
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that can be withdrawn anytime.
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Meanwhile, the total allocated
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is the money allotted on our positions
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or the amount of money we spent to purchase stocks.
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Profit, on the other hand, is our income
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or the gained money.
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For the equity,
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it is the total value of our assets.
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Included here are our profits.
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These were all added, including the available balance
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-- which makes our total equity.
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Before anything else, guys
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let's go first here in Help Section.
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We can see here that there is a topic on how to withdraw.
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Let's just click it.
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Here are the frequently asked questions.
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Indicated here is that
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anytime, we can make withdrawals on Etoro.
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Even on weekends, on market open,
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or even on market close.
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We can see here that we have a lot of options
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on payment method.
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It depends on what method we did use on making our deposit
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-- the same method will be used once we make withdrawal.
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If we did use online banking like
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BDO, BPI, PNB
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or other bank account,
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we will fall under here -- in Asian Online Banking --
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which has a processing time of 1 to 2 days from Etoro.
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For me, it is better on using the online banking
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because you won't lose much on the conversion margin
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unlike on the other methods.
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So, here arises some problems and bad sentiments from other people
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that it took them long before they receive their money from Etoro.
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Actually, 1 to 2 days is just the estimated time
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of Etoro on processing our transaction.
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And then once the fund reached whatever bank we used,
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for example, like BDO,
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it has also their on estimated time of processing
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for it to reflect on our account.
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Usually, that process is the one that takes too long.
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As we all know how the service from Philippine works
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-- I just want to make any comments.
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But certainly it will return, it would take some time.
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We can also see here that we have an option using the credit / debit card.
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This is what I am using as my payment method
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that's why it takes me 8 days on processing withdrawal.
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But it will be quick once it get into my credit / debit card.
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It would take a little while to appear on my account.
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So far, it did not took me 8 days. Usually it only takes 2 days for me to receive it.
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Meanwhile, if you did use Paypal to deposit on Etoro,
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the same method will be used on withdrawing your funds.
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However, there are number of complaints when it comes on using Paypal
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because it is indicated that processing time would only take 1 to 2 days
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but Paypal has its own estimated processing time
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before your fund reflects into your account.
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Usually, it takes 14 days
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which is also indicated on their website.
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So, you will be worried for a long time.
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That's why, for me, what I really use to fund is thru online banking
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or my debit / credit card.
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In addition, another cons of using Paypal is its huge margin on currency conversion.
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We'll be on a slight loss on using Paypal.
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Every time we'll make withdrawals,
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you don't need to be worried because Etoro will give you updates
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through emails and notifications on the status of
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our withdrawal request.
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For me, I haven't experience any problems
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on making withdrawals on Etoro.
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In case you did encounter some problems,
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you can send email on their customer service
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or in Etoro Help.
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They will be entertaining your questions and inquiries about
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whatever problems you encounter on their services.
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Let's proceed on another frequently asked question which is
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-- can we cancel our withdrawal?
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Basically, stated here is that
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we can still cancel our withdrawal request
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as long as it is not yet being process by Etoro.
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However, once Etoro already started processing your withdrawal,
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this can no longer be cancelled.
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What are the conditions for us to make withdrawals on Etoro?
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Our minimum withdrawal amount must be 30 USD,
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also, we must be a verified account,
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and of course, we should have an available funds.
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Because we cannot withdraw if there is nothing to be withdrawn.
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How much is the withdrawal fee on Etoro?
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Previously, it was priced at 25 USD
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but now, it was lessen by Etoro
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to 5 USD per transaction.
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Even though how huge the amount is,
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either 50 dollars, or 200 dollars,
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500 dollars, or 1,000 dollars
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fix rate is still 5 dollars for the withdrawal fee.
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How can we know if our request of withdrawal was already processed?
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Usually, Etoro sends us email, notifying us that
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"we are already processing your withdrawal request."
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So, guys, those are the things that we should know on making withdrawals
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here on Etoro.
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Now, I will demonstrate you on how I withdraw.
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Let's go here on the Withdraw Funds.
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There will be a popup window
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that will ask us on the amount that we are going to withdraw.
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Indicated here is our withdrawable balance.
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We can withdraw funds on up to that amount because
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maybe, some of our funds are still allocated and positions are not yet closed.
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Probably, it is still pledged or there is still an existing open position.
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We must close or sell it first if ever we want it to
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be transferred on the available balance for withdrawal.
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We can also see here the total equity
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we can click it if we want to see it's breakdown.
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Indicated below is the withdrawal fee of 5 USD.
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For those bronze, silver and gold accounts,
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there is a withdrawal fee of 5 USD.
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But those who are in platinum, or those on higher badge -- diamond
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if I'm not mistaken, they have no more fees.
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It is one of the perks of having a higher badge.
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Let's just input here our desired withdrawal amount.
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Once we are decided on the details, just click submit.
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Press continue
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and they will be asking for any reasons
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-- I'll just put withdrawing profits.
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Click continue.
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Now, they will be asking if we have any alternative method
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incase they cannot proceed with the payment method we use on our deposit.
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Local bank is also allowed
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if we are using this in the Philippines.
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In my case, I will be using wire transfer.
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and then we'll just fill in the details asked.
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Once done, just click submit.
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There, guys. Final details will appear here.
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It is necessary to double check these details to avoid problems or delays.
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A confirmation will appear
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indicating that our transaction is now being processed for up to 2 days.
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As we can observe, the incoming account will be lessened
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because of the deducted transaction fee of 5 USD.
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If ever we want to check
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our withdrawal,
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we can see that in history.
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Right now, we are on the history tab.
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There will be a button here whenever we want to cancel our withdrawal.
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So far, we are allowed to cancel it since it is still under review
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and it is still not yet being processed by Etoro.
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However, once the status is already in process,
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we can no longer cancel the transaction.
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We'll just need to wait for it to reflect in our bank account.
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September 21, 2020 around 5:49 PM,
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that is the time I made a withdrawal request of 4,500 USD.
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September 22, 2020, 11:12 PM
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I did received an email from Etoro that
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they are already processing my withdrawal request of 4,500 USD
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It took almost a day for me to receive an email
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however, they might just giving us some time if ever we want to cancel the request.
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Once we already received this kind of email,
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we can no longer cancel the withdrawal request because
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it is already directed to our bank account
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or whatever method we chose on our deposit.
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Right now, we are here in my mobile banking.
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We can see here on September 23,
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I already did received my withdrawal from Etoro.
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Since I am using an Australian bank,
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the currency is automatically converted to
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our preferred currency
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-- which in my case, I am using Australian Dollar.
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There you go, guys. I just did showed you the process
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on making withdrawal here in Etoro.
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As well as proofs and the reflected amount on my bank.
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I am sharing you a proof of withdrawal from Etoro that
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I thought then it might be a kind of scam.
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But Etoro's really a legit broker
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as I did already made multiple withdrawals
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-- perhaps around 4 times, or maybe 3 times.
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So far, I haven't encountered any problems.
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There you go, guys. That's just how to make withdrawal.
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I hope all your inquiries, your questions
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about making withdrawals are somehow had some clarity
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on this video.
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If you learned something on this video,
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hit the like button, and also don't forget to share it also
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on your friends
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who might be interested on this topic.
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Don't forget to subscribe and hit the notification bell
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to be updated on my incoming videos
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and tips that will be uploaded.
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Thank you very much, guys!
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God bless.
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