Today we will show you how you can sign up to eToro in just 10 minutes.
Follow our step by step sign up guide for eToro and understand the eToro sign up questions.
It is safe to invest with eToro online from a regulatory perspective. eToro are one of the more mainstream brokers with a user base of over 13 million traders.
5 Quick Steps to Opening an Account with eToro
- Create your free eToro account by providing your personal details - click here
- Provide a telephone number to protect your accounts security
- Answer the eToro questions to assess your trading experience
- Verify your eToro account by supplying ID, proof of identity and proof of your address
- Deposit funds to buy and sell currencies (forex), stocks or cryptocurrencies.
Step by Step Sign up on eToro
Firstly things you will need when signing up:
- National ID or Passport
- Bank account statement with your address on it
Other requirements are a phone number and an email you've never used with eToro before. If you don't have these to hand, it is possible to start the sign up process now and upload a bank statement and your ID later when you have them.
Fill in the First Form
When starting the first eToro form asks for your personal information, such as your name, email and then to chose a username and password.
A quick tip is to make your username a good one, to make it stand out.
This helps if you decide to become an eToro popular investor as your username is public and other people can see it and will follow it.
When it stands out encourages others to view your profile. Alternatively, if it's available you can use the same useranme as your other social media profiles to build your own brand as a trader.
If you want to remain anonymous in the public domain, don't use the same username as your other social media accounts or profiles as you'll be found easily from a Google search.
After this step is complete move to the next step, adding your information. You're now inside your eToro account. Click complete profile on the top left corner under your username.
Gender and Date of Birth
Make sure to select same date of birth as on your Passport/National ID. Once done click continue. You can continue without your National Insurance number
Your Address (as on Bank Statement)
Next you have to provide your address, make sure you give the same address as shown on your bank statement, or your proof of residence document. This is used to verify your identity.
Your Trading Experience
Next you will be asked about trading and your personal trading experience. Of course you must be honest with your answers to comply with the sign up process. However when I signed up I gave the following answers to the questions, which is a good answer to the given question.
eToro Trading Knowledge Question
eToro will ask you tabout your trading knowledge and provide you some choices around how you learned or are learning to trade.
eToro Trading Knowledge Assessment
Next eToro will ask you to answer a question and give you some choices around trading knowledge. You must select the correct answer. For the question below the correct answer is chosen. If you are struggling with any of the questions you can check our knowledge database to help you answer or chat to one of our analysts in our online chat, who will help you.
eToro Planned Investments
In this section it's recommended you check all items, as it is possible you may trade any of the instruments at any time, if you wish.
eToro Trading Strategy Question
Now we will select our strategy and the purpose of trading. We selected few weeks to several months. Although we are interested in long term gains and indeed short term day trading, a balanced view is best.
eToro Purpose of Trading Question
Within this section, we chose additional revenues.
eToro Attitude to Risk Question
This obviously depends on personal circumstances. The view is to keep a balanced portfolio. We obviously never want to risk more than our liquid assets or more than we can afford.
eToro Conflict of Interest Question
The eToro conflict of question asks you about your relationship with other brokers etc. You should answer honestly depending on your status to proceed.
eToro Source of Income Questions
Financial Status and source of income questions are presented next. Provide your primary source of income.
eToro Phone Verification
After doing this you will be asked to verify your phone number, which is very straight forward. You'll receive a code and you enter it into the eToro website.
At This Point You Can Trade
You can trade and provide further information at a later date to fully verify.
Passport or ID Card
You'll be asked to upload your passport or ID card, this can be postpone and done when you have them to hand. The process is very simple. This is not vital to trade right away, but you will eventually be required to verify.
eToro Address Verification
This is where you will need your bank statement, a utility bill or drivers license as proof of identity. The document must include your name, address and if a statement or bill be issued in the past 6 months.
eToro Tax Identification Number
This is country dependent based on where you're signing up to eToro from, however this is where you enter your tax identification number and records.
Accept eToro Terms and Conditions
Finally you will have to accept the eToro terms and conditions. Read over them and then click read and accept.
That is it, you'll now be fully registered to trade with eToro as your verification is pending.
Now that you have completed all steps and signed up with eToro why not join our community of traders over on Discord where trading ideas and signals are published daily. We recommend you read our extensive guide on eToro verification how to find right person (traders) to copy on eToro. Safe method of investing eToro.
Finally if you are Muslim, it's recommended you deposit $1,000 and create an Islamic account so that you can have an interest free trading experience on eToro that is in line with your Faith. You can contact support for this after full verification of the account and deposit of $1,000.
Please let us know if you have any questions, simply click the chat window and chat right away with one of our many trading specialists.
Remember CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65%-75% 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.