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How to Sell on eToro
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How to Sell on eToro

In this article, we'll go into great detail on how to sell on eToro, how to sell an ETF and how to consistently win trades as a beginner. 

One of the top trading sites, eToro, allows users to invest in stocks, foreign exchange, and cryptocurrencies. However, if you're unfamiliar with the platform, it can be intimidating at first. It may take some time for you to become accustomed to the interface, comprehend how it operates, and learn how to sell stocks or cryptocurrencies.

How to sell on eToro: A Step-by-Step Guide 

It's quick and simple to sell your stocks or assets on eToro. To begin selling a specific item or selection, a trader must first of all log into the platform. 

The following steps are ways traders can sell their equities, commodities, and virtual currency on eToro. 

  1. Launch eToro
    Users who are just getting started should create an account with eToro, while those who are already members should visit the platform's website and log in.
  2.  Select What to Sell by clicking Your Portfolio.
    You can click on your portfolio on the web platform or your mobile device, then choose the item you want to sell.
  3. Close position 
    To end the trade, click on the red cross on the right side of the screen. A pop-up window reflecting the stock's value and your potential profit or loss from selling the shares will appear.
    To sell, select "Close Trade," and the proceeds will be credited to your eToro account.
  4. Withdrawal
    You can purchase something else or withdraw the money from your account. 

Before you sell an asset, you first need to purchase it. Find out in this article how to buy on eToro.

How to Sell ETF on eToro

ETF, an Exchange-Traded Fund, is a sort of investment fund that endeavors to follow the performance of a certain stock market index, industrial sector, or asset.

The popularity of exchange-traded funds (ETFs) among investors has increased recently, and for good reason. They offer a quick and easy way to gain exposure to a variety of financial assets, including stocks, bonds, commodities, and even real estate. ETF trading is favored over the use of mutual funds since it offers the accessibility of being able to enter and exit positions several times daily like stock trading while without incurring the same trading payments and expense percentages.

Following these steps, you can sell an ETF on eToro. 

  1. Visit eToro to log in or open an online trading account.
  2. To access the complete list of ETFs that are accessible for trading, choose ETFs on the market page.
  3. After this, choose Trade (having chosen the ETF you want to trade.)
  4. Choose the SELL option, since you want to sell an ETF on eToro. 
  5. Input the sum you intend to trade, invest or the number of ETF units you wish to purchase or sell.
  6. Set a stop loss if you're going short.
  7. Tap Open Trade

eToro Commissions and Fees 

The eToro platform has reasonable fees and often, they either do not charge a brokerage fee for items that other brokers charge a price for or just charge a tiny fee.

Without worrying about paying excessive fees, users can trade on eToro daily or numerous times each week. 

  1. Trading fees
    Users of eToro pay a small fee for their trading activities and these costs are reasonable given how little the platform charges.
    When you make a trade, you must pay these trading fees. 
  2. Conversion fees
    When depositing into your eToro Money account, there are no conversion costs for USD. For every £1000 you put in, you can save up to £5. For international card usage, eToro Money additionally provides extremely competitive FX rates.
    When you deposit or withdraw money in a currency other than the US dollar, eToro incurs a conversion fee.
    When you withdraw money in any of these currencies from your eToro investment account, they additionally impose a conversion fee.
  3. Spread Fees
    Spread is the difference between the buy and sell prices. It is the fee the broker assesses for each position.
  4. Withdrawal Fees
    There is a $5 fee associated with each withdrawal request. Conversion costs apply to any withdrawals submitted in currencies other than the US dollar.

Conclusion 

You should be able to sell stocks and cryptocurrencies on eToro with ease if you follow these step-by-step instructions. If this sounds too complicated, you could always copy successful eToro traders. Find out here how to copy trade on eToro.

Once you get familiar with eToro's interface, it should be smooth for you to begin trading. Of course, proceed with caution and understand that trading comes with its difficulty and challenges. For more information about the platform, read our eToro review.

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