One of the reasons eToro became so popular is its user-friendliness. The UX design of the eToro platform and their website is very intuitive. That’s why opening an account on eToro has never been easier. In this article, we’ll walk you through the process and add a couple of pictures so you know what expects you along the way. There are in total five steps, or four if you skip step one with our help.
(NOTE: Before we continue, we have to give a disclaimer that the trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. CFDs are complicated instruments that are never guaranteed to provide you supplemental earnings. In fact, Around 67% of all retail investors experienced a loss while trading CFDs. Make sure to keep this in mind before attempting to use the eToro platform yourself. All the information found on this website is not official trading advice and all practices shown are referenced for the use of the Demo account only.)
Step 1: Open an account on eToro
You can click on this link here to skip the first step and jump directly on step two. But if you’d like to take the traditional route go to the eToro website. There you’ll find yourself on their main page and by clicking on the green box (circled in red in the image below) you’ll find yourself on step two.
Step 2: eToro username
Here you’ll be required to come up with an eToro username (1), provide your email address (2) and create a password (3) for your eToro account. Before proceeding you’ll have to accept the Terms & Conditions (4) of eToro. In addition, you’ll be required to acknowledge the Privacy and Cookies policies eToro applies. We’d advise you to get familiar with both documents as they outline your rights and eToro’s duties when it comes to protecting said rights.
Step 3: Verify your eToro account
Congratulations! Now you’re officially part of the eToro community. But there are still a couple of more steps before completing your account creation. You’ll have to verify your account through your email. This means you’ll receive an automatic email from eToro where you can click on the green box where it’s written: “Verify my email”. This will automatically confirm you have access to the email you provided to eToro previously.
Step 4: Completing eToro profile
After verifying your account you’re almost done. In fact, you can now access the eToro platform with the account you just created. Upon joining the first thing you’ll be alerted to is to complete your profile on the top left side.
To use eToro to the fullest you’ll be required to complete your profile. You’ll have to provide an identification document as part of the verification process. This is part of the Know Your Customer (KYC) process eToro applies. On top of verifying your identity, eToro will want to get a better understanding of how you’re planning on using their platform. This will be assessed through a questionnaire new customers are going to fill in as part of the “complete profile” process. We’d advise you to respond as honestly as you can to those questions as this will allow eToro to create a personalized path for your development on eToro’s platform.
These five steps (or four if you took the shortcut we offer) are extremely easy to follow. If you’re looking to get a bit more knowledge on eToro you can do it by clicking here where you can read the complete eToro review on our website.
RISK WARNING: 75% of retail investor accounts lose money when trading CFDs.
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eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, 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. 67% 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.
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.
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