What happens when you close your eToro account? I’ll let you know shortly… eToro is one of the best investment platforms if you want to trade.
Research shows that with the introduction of CFD, they’ve included real stock trading as well as EFT in their business model. It indeed is very suitable for long-term investment.
Fascinating info: Customers are at liberty to take back their funds when they deem fit. You can withdraw funds from eToro accounts at any time. However, what you withdraw is equivalent to the value of the balance of your account minus the amount of margin.
If you open an account, you will understand some of these terms better. What’s more? deposits and withdrawals follow the same procedures.
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With all of these listed, people still choose to close their eToro accounts for reasons best known to them. As such, they usually seek to know the implication of the action before doing so. This of course is the core reason for writing this post.
So what’s the implication of closing your eToro account? It’s simple… Whatever you did with the account will be lost as you will never be able to reopen it after you close your eToro account. So think wisely before carrying out the act.
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