Introduction
Are you interested in trading? Are you looking for a platform that can help you in your trading journey? Then, eToro is the right choice for you. In this article, we will guide you on how to create an eToro account in 2023.
What is eToro?
eToro is a social trading and multi-asset brokerage company that provides financial and copy trading services. It was founded in 2007 and has its headquarters in Tel Aviv, Israel. eToro is a regulated platform and is available in over 140 countries.
Step-by-Step Guide to Creating an eToro Account
Step 1: Visit the eToro Website
The first step to creating an eToro account is to visit the eToro website at www.etoro.com. Once you are on the website, click on the “Join Now” button.
Step 2: Fill in Your Details
The next step is to fill in your details. You will need to provide your name, email address, and choose a username and password. You will also need to confirm that you are over 18 years old and agree to the terms and conditions.
Step 3: Verify Your Email Address
After filling in your details, eToro will send a verification email to the email address you provided. You will need to click on the link in the email to verify your email address.
Step 4: Complete Your Profile
Once you have verified your email address, you will be taken to the eToro platform. You will need to complete your profile by providing additional information such as your date of birth, address, and phone number.
Step 5: Verify Your Identity
To comply with regulatory requirements, eToro will ask you to verify your identity. You will need to provide a copy of your government-issued ID and a proof of address such as a utility bill.
Step 6: Fund Your Account
After verifying your identity, you can fund your eToro account. eToro accepts a variety of payment methods such as credit/debit cards, bank transfers, and e-wallets.
Step 7: Start Trading
Congratulations! You have successfully created an eToro account and funded it. You can now start trading on eToro’s platform.
eToro Account Types
eToro offers two types of accounts: a demo account and a real account.
Demo Account
A demo account is a practice account that allows you to trade with virtual money. It is a great way to learn how to trade and test your trading strategies without risking any real money.
Real Account
A real account is a live trading account that allows you to trade with real money. You will need to fund your account to start trading.
eToro Fees
eToro charges fees on certain transactions such as deposits, withdrawals, and currency conversions. They also charge a spread fee on trades.
eToro Copy Trading
eToro’s copy trading feature allows you to copy the trades of other traders on the platform. It is a great way to learn from experienced traders and potentially earn profits.
eToro Mobile App
eToro has a mobile app that is available for both iOS and Android devices. The app allows you to trade on the go and stay up-to-date with the latest market news.
eToro Customer Support
eToro has a dedicated customer support team that is available 24/7. You can reach them through live chat, email, or phone.
Conclusion
Creating an eToro account is a simple and straightforward process. By following the steps outlined in this article, you can create an account and start trading on eToro’s platform. Remember to verify your identity and fund your account before you start trading. Happy trading!
