Can you withdraw money from eToro in UAE?
No problem! Customers may withdraw funds from their eToro account at any time. Funds can be withdrawn up to the value of the balance of your eToro account, minus the amount of margin used.
The answer is Yes, eToro is available to clients who live in the UAE. Although it's important to remark that it's not regulated locally (By neither the DFSA nor the ADGM), nor they have a local office in Dubai (Many expats ask us about eToro's local office).
To withdraw funds, you need to place a withdrawal request. In case you are not able to complete this step, please make sure: You are trying to withdraw at least the minimum amount required of $30 USD.
- Click on the Withdraw Funds tab in the left-hand menu.
- Enter the amount to withdraw (in USD)
- Complete the electronic withdrawal form as required.
- Click “Submit”
| Broker | Score | |
|---|---|---|
| #1 | Interactive Brokers | 4.9 |
| #2 | Saxo Bank | 4.8 |
| #3 | XTB | 4.8 |
| #4 | eToro | 4.8 |
I would highly recommend eToro for beginners. It is similar to IB but it is SUPER beginner friendly. Account takes minutes to set up and there is no commission, no fees (except for when you withdraw money from your account). Funding is straight forward.
A. Yes. Online trading is legal in the UAE.
- On the www.eToro.com page, find and click on the button marked “Join Now” or “Trade Now”.
- On the following web page, you will see an electronic form where you will be able to enter all the personal data that is required to open a new trading account.
Investing in the United Arab Emirates stock market is straightforward. Individuals must open a trading account with a broker registered with one of the exchanges in Dubai or Abu Dhabi (there are three exchanges in the UAE: Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX), and NASDAQ Dubai).
Yes, all withdrawal requests are subject to a $5 fee. Any withdrawals sent in currencies other than USD are subject to conversion fees.
How do I transfer money from my eToro wallet to my bank account?
But you can also deposit directly, in the eToro Money app. Follow these steps⁶: Log into your eToro Wallet via the app. Choose a deposit amount and payment method - choosing from online banking, credit or debit card, PayPal, Skrill or another payment method.
eToro is safe and secure: Always look for security signs on your browser before you trade. On eToro, clients' funds are kept secured in tier 1 banks, and all of their personal information is guarded under SSL encryption.
You can check the status of your funds on your withdrawal dashboard. For eToro users in the USA, some withdrawals might take up to 7 business days to appear in your bank account, depending on your bank and payment method. If your funds don't appear within that time, check here for more details.
| Payment method | Time to receive funds after withdrawal request |
|---|---|
| eToro Money* | Instant withdrawal |
| Credit / debit card | Up to 10 business days |
| Bank transfer | Up to 10 business days |
| PayPal | Up to 2 business days |
Bank transfer deposits may take 4-7 business days to process. Your eToro investment account will be credited once the transfer has been confirmed by our bank. The exchange rate to USD will be calculated on the day the deposit was processed to your account.
Yes, forex trading is legal in the UAE.
The promising UAE based broker has started offering MetaTrader 5 to their clients. The platform became available for SmartFX clients on mobiles, tablets and desktops.
UAE offers innumerable opportunities for foreign companies to trade in forex, CFD and binary options. Being one of the pertinent financial centers in the Middle East, Dubai and the other Emirates of UAE serve as a base for many forex traders or brokers and other online trading activities.
Yes. eToro operates in accordance with FCA, CySEC and ASIC regulations, meaning that there are measures in place to protect investors. On eToro, our clients' funds are kept secure in top-tier banks and all of their personal information is guarded under SSL encryption.
Yes, we accept residents of the United States. eToro is available in almost every state. See which states are currently supported here. For regulatory reasons, we cannot provide our service to US citizens who reside outside the USA.
Is eToro safe for crypto?
The eToro Money crypto wallet is one of the safest crypto wallets available, with several high-level security features to protect against unauthorised access, including DDoS protection, and standardisation protocols.
Go to your withdrawal dashboard to see if it was processed. If it shows it was, the funds have been sent to you, and you can click to see a breakdown of the payment method(s) used.
| Payment method | Time to receive funds after withdrawal request |
|---|---|
| eToro Money* | Instant withdrawal |
| Credit / debit card | Up to 10 business days |
| Bank transfer | Up to 10 business days |
| PayPal | Up to 2 business days |
Yes, all withdrawal requests are subject to a $5 fee. Any withdrawals sent in currencies other than USD are subject to conversion fees.
- Use an ATM. If you have an ATM (Automated Teller Machine) card or debit card linked to your bank account you can visit an ATM to withdraw some cash. ...
- Write a Check for Cash. ...
- Fill Out a Withdrawal Slip. ...
- Link Your Account to a Peer-to-Peer Payment Service.
