Founded in 2010, eToro has established itself as the world’s leading social trading platform. The innovative eToro platform allows trader to copy the strategies of other more successful traders on the site. You can easily start to trade in the spot forex market with little experience, simply by learning from other traders on the platform.
How to Open an Etoro Trading Account
This article will show you how to open an eToro trading account in 5 simple steps:
Step 1: Access the account application form
Head over to the official eToro website at www.etoro.com to access the account application form. Click on the ‘Join Now’ button to get started with the application process.
Step 2: Fill out the account application form
Once you click on the ‘Join Now’ button, you will be required to complete the application form on the page that follows by creating a username, your preferred password and your email address as well as your phone number. Accept the terms and conditions and click on ‘Join Now’ to proceed.
You can also join eToro using Google or Facebook in just a single click.
Step 3: Fund your account
Before you can start trading on the eToro platform, you need to fund your account. You will be directed to the safe and secure eToro cashier page where you can make your deposit.
To fund your account, simply login using the username and password you created in Step 2 above, then click on the ‘Login’ button to proceed.
eToro accepts different types of payment methods including PayPal, Skrill, Neteller, Visa, MasterCard, WebMoney and more.
Step 4: Verify your account
Once you login into the cashier area on the next page you will be asked to verify your account . There is an option to ‘Verify Now’ or ‘Verify Later’—click on the ‘Verify Later’ button so you can proceed with the process of funding your account.
Note: To verify your account, you need your passport and a valid utility bill to prove your identity and physical address.
By verifying your account, you will enjoy faster depositing and withdrawal, and account limitations will be lifted, so ensure that you verify your account as soon as possible.
Step 5: Choose a deposit method
Once you opt to verify your account later, the next page allows you to proceed with the process of depositing funds to your account.
Select your preferred deposit method and provide the requisite details to confirm your identity and to authorize funds to be debited into your eToro trading account.
After successfully funding your account, you can start trading and copying other traders’ strategies! Simply use the ‘Discover’ function on the trading interface to find fellow traders.
Advantages of opening an eToro account
· Three innovative social trading platforms- eToro OpenBook, eToro WebTrade, eToro Mobile Trader
· Easy to use trading platform- You can access a comprehensive news feed, real portfolio, discover markets and find traders with successful trading strategies, and invite friends
· Low minimum initial deposit- $50
· Comprehensive educational resources
· Reliable customer support
· Competitive and attractive promotional bonuses