How to easily create an eToro account

Are you looking for a useful and reliable CFD broker for stocks, cryptocurrencies and other assets? eToro a widely accepted platform today for what you are looking for. Investing with eToro is one of the alternatives that different investor profiles have today. You just need create an eToro account and start investing.

Investing and operating with eToro, from a regulatory point of view, is extremely reliable as it is regulated by FCA, CySEC and ASIC regulations. This means that there are rules, laws and regulations that protect investors who trade with eToro.

As a security measure by eToro regarding its clients' funds, these are stored securely in certain banks selected according to their level and prestige. Additionally, all personal information of clients/investors is protected under SSL encryption. But how to register on eToro? Well, it is very simple.

Let's go!!

➡️ What is eToro?

eToro is a trading platform created in 2007. Founded by an Israeli duo, the platform quickly became international; in the UK first, then across Europe. It is now present in 140 countries around the world!

eToro is one of the leading brokers in the market and specializes in social trading, operating various financial instruments including: stocks, currencies, futures, options and cryptocurrencies.

It is present through its offices in Cyprus, Israel and the United Kingdom and allows it to operate from almost any country in the world.

eToro made a name for itself with an offer “ zero commission ". Yes, the broker offers you to buy and sell stocks for free! Adored by some, but criticized by others, eToro is a platform that leaves no one indifferent.

For those looking to find out what type of broker eToro is, many will tell you that it's for millennial and newbie investors; or for investors who want to enter the financial markets without complications and have an application.

Whether you are a millennial or not, eToro caters to anyone looking for such terms and features.

Just as any investor will want to be able to invest in assets whether they are trendy or not, and the broker does not complicate them, while being able to keep up with the best investors. So eToro is for millennials, centenarians or the era or decade they were born in!!

➡️ Who is eToro for? Our opinion

eToro is a very well designed trading platform for those who want to learn about the stock market without having to worry about it. In this, the simplified ergonomics, the low minimum investment, and above all the absence of costs will help you a lot.

It is also a broker who will do the job if you want " take a shot and seize a short-term opportunity. You can bet lower or multiply your winnings with a leverage effect that goes up to x20 ! And why not, also, invest in cryptocurrencies.

On the other hand, if you are a fan of scalping (very fast trading), eToro is probably not for you.

➡️ Advantages and disadvantages of an eToro account

Online trading is a revolutionary concept at a time when digital is in full swing. To get started in this exciting and fun environment, eToro presents itself as a partner of choice.

For good reason, the platform dedicated to social trading offers its users a space for exchanging and sharing experience on trading in several markets (cryptocurrencies, currencies, commodities, indices, shares, etc.). However, eToro has its pros and cons. 

Benefits of trading with eToro

Among the advantages offered by trading with eToro, you can find the following:

• Copy trade worldwide
• ECN execution with liquidity providers
• Invest in stocks and ETFs from major US stock exchanges (no buying and selling commission)
• Interesting currency spreads
• Liquidity of products
• Australian Stock CFDs

Disadvantages of trading with eToro

Just as there are advantages to trading with eToro, there are also disadvantages, such as the following:

• ​Very high spreads on cryptocurrencies
• Customer service via email or phone (not local)
• Reduced methods of depositing and withdrawing from the account.
• Additional costs ($5 per withdrawal)
• High spreads on cryptocurrencies
• Limited tools for advanced traders

➡️ How to register on eToro?

Signing up for eToro will only take a few minutes. Remember that your data will be treated with respect for privacy. To register, you will find buttons more or less similar to those in most online brokers. To register, follow the steps below:

Step 1: Go to the official page of eToro (you can do it from here).

Once on the platform, click on " Start trading " or " Register » ; this will initiate the registration process. Please enter all relevant personal information in this form. Logging in via Facebook or Gmail is an additional option.

Before submitting your information for review, take the time to review eToro's Terms and Conditions and Privacy Policy.

Once you have finished reviewing all of the terms, please indicate your acceptance of them by checking the appropriate box. Submit your information by clicking the " Create account ».

Step 2: Verify your account

Under the KYC process, Newly registered investors are required to provide proof of address. They must also provide proof of identity such as a passport or other official photo ID. They will then be invited to complete a questionnaire to better determine how eToro can personalize a range of services, which would ideally be suited to their profiles.

You will be asked, for example, about your professional situation, your level of knowledge of the stock markets, your financial liquidity, your acceptable levels of risk, your investment objectives, etc.

Step 3: Log in to your account

Once you have completed the initial steps below, tap on the option “ Opening an account ".

• He will direct them to https://www.etoro.com/accounts/sign-up » where they will have to enter: Username / Email / Password
• Click on " Accept the terms and conditions ". You can even log in from a Facebook or Gmail account

Once you have the account, whenever you need to access the eToro website on your account, you need to go to the top right in “ Login ". It's over!! Before you leave, here are some alternatives:

Create a BlockFi account as easily as on Token Pocket. If you want to invest on a platform like Binance, then create a Lbank accountStrolling along the Bitget Account on the other hand are a little similar to the account Robinhood Account.

➡️ FAQ: Create an eToro account?

What is the minimum age to create an eToro account?

The minimum age to create an eToro account, it's 18 years old! As you can see, you must be of legal age in your country to be able to trade with eToro. The broker does not accept minors on its platform.

When verifying your identity, your account may be blocked if the broker realizes that you do not have 18 years or older.

What are the supporting documents to open an eToro account?

The supporting documents to open an eToro account are:

• An ID
• Proof of address

Now let's see which IDs are accepted by the trader:

• National Identity Card
• Your passport
• Driver's license

The identity document must include your first and last name, the date of issue and expiry, your date of birth and a photo.

How to verify your eToro account?

To verify your client access, you must scan and send your supporting documents to the broker. This is essentially the identity document and proof of residence. These must be clear and clearly visible.

The broker also recommends that the documents be scanned on a background of another color, so that all the corners of the documents are visible.

Once you have uploaded and sent these documents to the broker, the verification procedure begins. Its duration is a few days and the broker informs you by email when your account is verified.

You also have the possibility to follow the progress of the verification on the site. Typically, verified accounts have a green checkmark next to the profile or username.

What are the deposit methods for opening the account?

The deposit methods for opening an eToro account are:

• Credit or debit card. Here is how to choose a credit card appropriate for your business.
• Bank transfer. You can learn more about bank transfers.
• Klarna/SoFort
• PayPal. You can directly buy your cryptos with Paypal on this platform. Here's how to create a PayPal comment

• Etc

For most payment methods, the deposit made is instant. This means that you receive the funds directly in your trader account when you confirm the transaction.

Furthermore, you should know that deposits are capped on eToro: from $5500 to $40 depending on the payment method you choose. Once your account is credited, you can invest in the financial assets that interest you.