Summary: With eToro.com you can buy and sell cryptos, stocks, ETFs, trading CFDs, and a lot more, all in one place. But how do you sell on eToro? In this detailed guide, we’re going to show you how to sell on eToro - whether you’re selling cryptocurrencies, stocks, or something else.
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How To Sell On eToro - Ultimate Guide
We’re going to skip all the fluffy content and get right into the guide - you came here to learn how to sell your assets on eToro.com, and that’s what you’re going to get.
I'm going to assume you have an eToro account, but if not, sign up here if you're US-based (it's free and you can follow along with this guide).
First, let’s break down some terminology:
What does “Short selling” mean on eToro.com?
Let’s clarify something: When buying and selling stocks or other assets, we often use the term “Short”; when you’re “Short,” it means you’re selling an asset.
What is closing a trade on eToro?
On eToro, closing a trade or position refers to the act of terminating an open long or short position on an investment that you had previously made. This can be done for various reasons, such as taking profits, cutting losses, or satisfying margin requirements.
To close a trade on eToro, go to the “Portfolio” tab and click on the “Close” button next to the trade you wish to close. You will then be prompted to confirm your decision. Once you have confirmed, your trade will be closed, and you will no longer have an open position in that particular asset.
Please note that you may incur some fees when closing a trade. You can check out our eToro fees guide for more information.
How To Sell Cryptos on eToro
eToro is an awesome exchange to buy and sell cryptocurrencies like Bitcoin, Dogecoin, Ethereum, and more.
There are multiple ways to sell your coins on eToro: from the eToro trading platform, automatically with the eToro copy trading platform (copy other traders trades), or by making a swap directly in your eToro crypto wallet.
But let's assume you're trying to sell directly from the trading platform.
Selling cryptos on eToro is a simple process that can be completed in just a few steps.
- First, log into your eToro account and go to the “Portfolio” tab.
- Next, find the crypto you wish to sell and click on the “Sell” button.
- Enter the amount of crypto you wish to sell and click “Sell” again to confirm.
Once your transaction is complete, the proceeds will be credited to your eToro account balance in the form of cash or in the asset that you sold into. You can then use this cash to buy crypto or other assets on eToro or withdraw it to your bank account.
How To Sell Stocks on eToro
- Log in to your eToro account and go to the ‘Trade Markets’ tab.
- Under the ‘Popular’ section, select ‘Stocks.’
- Search for the stock market you want to sell in the search bar.
- Select the stock by clicking on it.
- In the ‘Trade’ window, enter the number of shares you want to sell in the ‘Sell’ section.
- Click ‘Close Trade.’
- Your order will be executed, and the proceeds from the sale will be credited to your eToro account balance.
How To Sell Commodities on eToro
If you want to sell commodities on eToro, there are a few things you need to do.
- Log in to your eToro account and go to the Financial Markets page.
- Select the Commodities tab from the asset class filter at the top of the screen.
- Find the commodity you wish to sell from the list of available assets.
- Click on the Sell button for that asset.
- Enter the number of units you wish to sell in the trade window that appears and click Sell.
- Your position will now be opened, and you will be selling the commodity at the current market price.
- To close your short position, click the Close button in your trade window.
- Enter the number of units you wish to sell and click Close.
- Your position will now be closed, and you will have sold the commodity at the current market price.
How To Sell Currencies on eToro
Selling currencies is easy and quick on eToro; there are a few things that you need to do.
- log in to your eToro account and go to the ‘Markets’ page.
- Find the currency pair you wish to sell in the list of instruments and click on it.
- A new window will open trades showing you the current market price for the currency pair and other important information.
- Enter the amount of currency you wish to sell in the ‘Sell’ box and click on the ‘Sell’ button.
- Your position will now be open, and you will start making or losing money rapidly, depending on the market price movement.
- To close your position, click the ‘Close’ button in the open position window.
How To Sell ETFs on eToro
The process is quite simple if you’re looking to sell ETFs on eToro. Here’s a step-by-step guide on how to do it:
- Log in to your eToro account on the web or the mobile trading platform.
- Select the “Market Page” tab on your main account page and find the ETF you want to sell.
- Click on the name of the ETF to go to its page.
- On the ETF’s page, look for the “Sell” button and click it.
- A pop-up window will appear, asking you to confirm your order. Enter the amount you want to sell and click “Sell.”
- Your order will be processed, and the funds will be available in your account balance
FAQs about Selling on eToro
eToro is a multi-investment and social trading platform. It offers a great way to sell your stock. When you sell your stock on eToro, you’re essentially selling it to another user on the multi-asset platform who is interested in buying it. This process is simple and a great way to get rid of unwanted or unneeded stock. Here’s how to sell your stock on eToro.
- Log into your eToro account and navigate to the “Portfolio” tab.
- Find the stock you want to sell and click on the “Sell” button.
- Enter the amount of stock you want to sell and click “Submit.”
- Your sale will be processed, and the funds will be added to your account balance.
That’s all there is to it! Selling your stock on eToro is a quick and easy process that can be completed in just a few minutes.
When you sell on eToro, you sell your position in a particular asset to another trader. This is done through the eToro platform, which matches you in real time with a buyer willing to pay the price you are asking for your position. Once the trade is executed, the funds will be transferred from the buyer’s account to your account, and you can withdraw or use them for trading other assets.
Selling on eToro is a simple process that can be completed in just a few steps. First, you must log into your eToro account and select the asset you wish to sell from your portfolio. Next, you will need to enter the amount of the asset you wish to sell and set the price you are willing to sell it. Once you have done this, you will need to confirm your trade and wait for it to be executed.
Once the trade is executed, the funds will be transferred from the buyer’s account to your account. You will then be able to withdraw the funds or use them for trading other assets.
There are a few reasons why you may not be able to sell your eToro shares:
- The company may have been delisted from the stock exchange, making it impossible to sell your shares.
- A lock-up period may be associated with your shares, which would prevent you from selling them for a certain period.
- It is also possible that you do not have enough shares to meet the minimum requirements for selling.
If any of these conditions apply to you, you will not be able to sell your eToro shares.
Yes, it is easy to sell stocks on eToro. All you need to do is log in to your account, select the asset you wish to sell, and click on the “Sell” button. You can also set up a sell order by clicking on the “Create Order” button. Please note that you may incur fees when selling stocks.
eToro may disable the sell option to protect its clients from making rash decisions during market instability. For example, during a market crash, eToro may disable the sell option to stop their clients from selling or trading stocks at a loss.
If you’re still unable to sell your crypto assets on eToro, it’s likely due to one of the following reasons:
- The stock is highly volatile and considered to be high-risk.
- The sell option is disabled after market hours.
- There are no more tokens or coins to sell (no liquidity).
- eToro USA LLC has disabled the sell option to protect its clients from making rash decisions during market instability.
CFD trading is a type of derivative trading that allows you to speculate on the future movement of underlying assets. Contracts for difference (CFDs) are traded on margin, meaning you only need to deposit a small percentage of the contract’s total value to open a position. This allows you to take on larger positions than would be possible with your capital.
Final Thoughts - Closing a Trade on eToro
Now that you know how to sell your assets on eToro, it’s time to put your knowledge into practice. For that, you can set up a demo account with a $100k trading balance here.
Start by finding a stock, currency pair, or another asset you’re interested in trading. Then, use the tools available on eToro to research the asset and decide whether to buy or sell. Once you’ve decided, open trade and monitor it closely to ensure it goes according to plan.
Finally, when you’re ready to exit the trade, close it out and collect your profits.
