Justin (00:00): So, you probably clicked on this video because you want to know if you deposit your money into eToro, will you be able to withdraw that money successfully, and you want to know whether the whole system is legit. Alternatively, you may have had some issues withdrawing money in the past, and you're looking for some answers as to why that might be the case. Well, this video is going to answer all of those questions for you and more. Just as a side note, if you are looking to figure out how to process your withdrawal request, I'm not going to go over that in this video. There is a great one-minute video, which eToro themselves is putting together, and I'll link to it up here in the video card section. Alternatively, you can go down to the description of this video, and I'll also add the link there. It’s a quick little one-minute video. It will show you exactly how to process your withdrawal request.
(00:51): If you are new to the channel, please consider clicking on that subscribe button and go to the notification’s icon, the bell icon, and turn on all notifications for the channel to get all future video content from us. Now, as I said, at the end of this video, I will tell you the number one reason why most people have problems processing their eToro withdrawals. So I'll reveal that at the end of the video, so stay tuned for that. And I'm just going to quickly take you into my own account and talk you through my own personal experience, withdrawing funds from eToro.
(01:29): So, one of the things I can tell you straight off the bat is that eToro definitely is legitimate, and you absolutely will get your money; there are no problems there. I've made multiple deposits over the last two years, and I've done numerous withdrawals, and each and every time, it's been pretty effortless, and I haven't had any issues. So definitely, if you are having any problems processing withdrawals, there is probably a very good reason for it, and I will reveal that. And probably this is the main reason at the end of this video. But I will just quickly talk you through my own personal experience just to give you some peace of mind, and also show you inside my account and let you know, from somebody who has been using the system for more than two years, that the system is safe, secure and you definitely will get your money. Obviously, depending on where you are in the world, the withdrawals may take a little bit longer or maybe a little bit quicker. So, if we take a look here in my account, you can see I processed a withdrawal here. This was the last withdrawal I did. It was in August of 2020 for 10,000. And if we go down here and click here, you can see that it basically says that it's been processed successfully, and it takes about eight business days.
(02:47): My personal experience with this was that it was pretty effortless. You know, this was one of many withdrawals that I've done. I made a few smaller withdrawals early on when I started with my account just to make sure that everything was legit, and I never had any issues, but I have seen people having issues. I have seen people having problems processing withdrawals. And so, I've done a lot of research and reached out to eToro themselves and kind of figured out what that reason is. So, the number one reason people have problems processing their withdrawal requests is that their accounts aren't verified. So, for some reason, it seems to be a failing on eToro’s part. They shouldn't allow you to process a deposit or even process a withdrawal request without your account been verified. Still, there seems to be some kind of loophole on the system, or maybe it's just not in the whole development plan. But essentially, what happens is if your account isn't verified, you may be in a situation where you process a withdrawal request, the withdrawal request gets logged and by the time it reaches the accounts department, they then go and have a look and see if your account is verified. If your account is not verified, they will then reject that transaction. They will try and reach out to you, but as we all know, sometimes communication can, you know, sometimes go awry, and people get caught in the crossfire.
(04:08): So, the first thing to do, make sure that your account is verified. This is the number one reason why people have payment issues. Number two, I would suggest you go and check your payment details. So make sure your bank details are correct and consider adding a backup method for receiving money. So, I would suggest setting up a bank account to receive the money and setting up a PayPal account as a secondary form of payment if the initial payment doesn't go through. It's obviously very complex processing money between countries. I've done many transactions across borders, and I can tell you it is incredibly complex. So, it won't always go smoothly for everyone, but it will go smoothly in 99% of the cases. And I can tell you from my own personal experience, I've had no problems whatsoever. So, if you enjoyed this video, if you found value in this video, please click on the like button and consider subscribing if you haven't already done so. Click on that subscribe button, click on the bell icon to turn on notifications for this channel. And yeah, let me know in the comment section below, have you had any problems with withdrawals. If you have, please let me know what they are. I’ll see if I can help you. And if you have any tips or any advice, and you had problems that you've been able to overcome with your withdrawals, please let me know in the comment section below. And if I can personally help you, if you are having problems, I definitely will do that.