eToro works on a matching engine platform, which means that it doesn’t hold any of the assets that you’re trading. Instead, it facilitates trading by matching buyers and sellers. Potential buyers use the eToro platform to search available trading options, including current price and volume information. They can then choose to add an item to their “Favorites” list, which allows them to find similar things in the future more easily.
eToro, in other words, provides a valuable service. It takes information that people already have and organizes it to make it easy to find and use. This can save you a great deal of time and effort when you’re trading, especially if you’re buying or selling items that aren’t available on several other platforms.
As we mentioned earlier, eToro results don’t hold your assets. Instead, it facilitates trading by matching buyers with sellers. In exchange for this service, eToro operators charge a certain fee to each party involved in the transaction. The more funds are traded, the more money eToro makes from fees. They also charge fees for withdrawals and transfers between accounts. This includes automatic expirations where funds are held for ten days before being permanently deleted. Suppose the funds are not used within ten days of automatic end or manually extended by the user after that period expires.
In that case, they will be permanently deleted until customers reopen an account. Depending on how quickly withdrawals can be processed and how long they take to complete during peak trading periods and shorter-term volatility, they can take up to a week to complete. It’s not uncommon for the eToro platform to handle millions of transactions per day, so we highly recommend that you keep this in mind when making transactions on the eToro platform.
Suppose you want to keep your funds on the eToro platform for as long as possible and use it for regular trading. In that case, you should minimize withdrawal requests, especially during high-volume periods.