Opening an Etoro account is a very straightforward process and can be done in a few easy steps. Whether you are a novice investor or an experienced trader, this step-by-step guide will walk you through the process of opening an eToro account, ensuring a seamless and hassle-free experience.
74% 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.
Time Needed : 50 minutes
To open an Etoro account, here are the steps you need to follow;
Visit the Etoro Website
Go to the official eToro website by entering “www.etoro.com” in your web browser.
Find and Click on “Join Now”
Look for the “Join Now” or “Sign Up” button on the homepage and click on it to initiate the account registration process.
Fill in your personal information.
Enter your details, including your full name, email address, and preferred username and password. You can also sign up with your Facebook or Gmail account.
Verify your email address.
Check your email inbox for a verification email from Etoro. Click on the verification link provided to confirm your email address.
Verify your phone number.
As part of the registration process, you will need to verify your phone number. Follow the instructions provided to enter your phone number and receive a verification code. Enter the code in the designated field to verify your phone number.
Complete the registration form.
After phone number verification, you will be prompted to complete your profile by providing additional information, including your country of residence, date of birth, and tax identification number if applicable.
Submit your application.
After completing all the necessary steps and reviewing your information, click on the “Submit” button to finalize your account registration.
As part of the KYC (Know Your Customer) process, Etoro would require you to verify your identity. You would be required to provide a proof of address document, such as a utility bill or bank statement (dated to the last 3 months), as well as a Proof of Identity such as a valid passport, or other forms of government-issued identification document.
Fund your account.
Once your account is successfully verified, you can proceed to fund your eToro trading account. Choose your preferred payment method and follow the instructions to deposit funds into your account.
- A PC, tablet, or smartphone with an internet connection.
- A valid email address.
- A valid phone number connected to your mobile phone.
- Proof of address documents such as a utility bill or bank statement (dated to the last 3 months).
- Proof of Identity such as a valid passport, or other forms of government-issued identification document.
By following these simple steps, you have completed the process of opening an Etoro account. With your Etoro account now set up, you can explore various financial products including stock trading, cryptocurrency trading, CFD trading, social trading, copy trading (Copy Trader), Smart Portfolios, and the Popular Investor Program. Each of these offerings provides unique opportunities for investors to participate in the financial markets and potentially achieve their investment goals.
Frequently Asked Questions
What is Etoro?
Etoro is a multi-asset brokerage platform that offers a wide range of unique financial products including stock trading, cryptocurrency trading, CFD trading, social trading, copy trading (Copy Trader), Smart Portfolios, and the Popular Investor Program.
Is there a minimum age requirement to open an Etoro account?
Yes, there is a minimum age requirement to open an Etoro account. Users must be at least 18 years old to create an account on the platform.
What account types does Etoro offer?
Etoro offers a diverse range of account types to cater to the varying needs of traders. The available account types include retail accounts for individual traders, professional accounts for experienced and qualified traders, corporate accounts for businesses and organizations, and Islamic accounts that comply with Shariah law principles.
Does Etoro offer a demo trading account?
Yes, Etoro offers a demo trading account for users who want to practice and familiarize themselves with the platform before engaging in real trading. The demo account allows you to trade with virtual funds in a simulated market environment, providing an opportunity to test various trading strategies and features without risking any real money.
Does Etoro offer an Islamic account?
Yes, Etoro offers an Islamic account option for traders who adhere to the Islamic principles of finance. The Islamic account, also known as a swap-free account, operates in compliance with Sharia law, which prohibits the accrual or payment of interest.
What payment methods are accepted by Etoro?
Etoro accepts a variety of payment methods for funding your account, including credit/debit cards, bank transfers, and popular e-wallet services such as PayPal, Skrill, and Neteller.
Can I fund my Etoro account using a credit card?
Yes, you can fund your Etoro account using a credit card. Etoro accepts major credit cards, such as Visa, and Mastercard for depositing funds into your trading account.
eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.
Past performance is not an indication of future results. The trading history presented is less than 5 complete years and may not suffice as a basis for investment decisions.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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.