Beginners Guide on How to Sell on eToro (2024) (2024)

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• Ross O'Sullivan
• April 26, 2024

If you are unsure how to sell on eToro, you’re in the right place. In this beginner’s guide, we will provide you with two options for selling on eToro, “Closing a Trade” and “Short Selling”. Each process can be broken down into just a few simple steps.

Etoro is an investment platform that started in 2007 and has become one of the most popular investing platforms for trading. Investors can buy and sell stocks and cryptocurrency and also interact with like-minded investors.

So, let’s jump into this eToro beginners’ guide to help you learn how to sell on eToro.

How to Sell on eToro

Selling on eToro can be confusing at first, as there are two different selling options: “Short Selling” and “Closing a Trade.” So, what is the difference between these selling options?

PayPal/credit card as a MOP are not available in the UK?FCA users.

What is eToro?

eToro is a popular trading platform where investors can trade stocks, ETFs, cryptocurrencies, and CFDs. Founded in 2007 by three entrepreneurs, the platform is now trusted by millions of customers worldwide. EToro aimed to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions.

eToroX crypto exchange is no longer available for retail investors. PayPal/credit card as a MOP are not available in the UK?FCA users. Trading Crypto with leverage is restricted for the UK users.

Short Selling on eToro

Short Selling, also known as “Shorting,” is an advanced investing technique in which you sell an asset you don’t currently own but believe will decrease in value in the future to repurchase that asset at a later date for a lower price.

The objective of short selling is to make a profit. However, the asset’s value could also increase, which would mean the trade has gone against you, causing you to lose money.

Short Selling isn’t for beginners; it is an investing technique for experienced traders who know what they are doing and understand the risks involved.

Please note: Short selling on eToro may not be available in all regions.

Closing a Trade on eToro

Closing a Trade is selling an asset, stock, cryptocurrency, or ETF in your portfolio. When you close a trade on eToro, eToro will pay you the agreed value of the asset. Once the trade has been made, it will no longer be available in your portfolio.

How to Close a Trade on eToro

Closing a trade on eToro is selling your stock or cryptocurrency. In doing this, eToro will pay you the value of the stock you’ve sold and then repurchase it. You then don’t own that stock anymore, and once it’s closed, it disappears from your portfolio.

1. How to close a trade:
2. Open the eToro website
3. Create an account/login (free to sign up)
4. Click on your portfolio
5. Select what you want to sell
6. Close the trade

How to Short Sell on eToro

Short selling on eToro involves selling a stock that may not be yours, which you believe will go down in value, and then purchasing it back again. The outcome is that you would make a profit.

1. How to short sell:
2. Type in the stock you would like to short-sell
3. Select the ‘trade’ option
4. Select the ‘sell’ option
5. Type in the amount you want to sell the stock for and select the ‘open trade’ option.

What are the Costs of Selling on eToro?

eToro has a 0% commission on stocks with no extras or markups. There are, however, deposit fees and spreads (Spreads are the difference in percentage between the bid price and the asking price.). The cost for withdrawal from eToro is $5 USD (eToro always shows in USD). The only “hidden” fees to look out for are when the account has been inactive for a period of time.

The account you open is free, and you can get started with a demo account instead of diving straight into trading. This is great if you’re new to the trading world, and it can be an excellent opportunity to use the resources and information eToro provides to build on your knowledge.
Selling stocks and cryptocurrency can initially look confusing, but don’t worry. Learning how to sell on eToro has never been easier.

Conclusion

As we see from our how-to-sell on eToro guide, the selling process is pretty simple. Even though Etoro doesn’t charge any trading fees, the spread between the buy and sell price can be high. Doing this too often will eat into your profit, so consider this when selling on eToro.

FAQs

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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