eToro Account Type

eToro offers several types of accounts tailored to different investment needs. The primary account types include:

• Standard Account: This is the most common account type, suitable for retail investors. It allows access to a wide range of assets, including stocks, ETFs, cryptocurrencies, and more.

• Demo Account: A risk-free account that allows users to practice trading with virtual funds. This account is ideal for beginners who want to familiarize themselves with the trading platform without any financial risk.

• Professional Account: Designed for experienced traders, this account offers enhanced features and lower spreads. It requires meeting specific criteria, including a substantial trading volume over the past year.

eToro Broker Account Opening Process

To open an account with eToro, follow these steps:

• Register Your Account: Visit the eToro website and click on the "Join Now" button. Registration is free and can be completed in a few minutes.

• Provide Personal Details: Fill out the required fields, including your name, email address, and password.

• Verify Your Email: Check your email for a verification link from eToro and click on it to confirm your email address.

• Complete Additional Information: Enter further details such as your date of birth, address, and phone number.

• Upload Identification: To verify your identity, upload a government-issued ID (passport or drivers license) and proof of address (utility bill or bank statement).

• Fund Your Account: After verification, fund your account using various payment methods, including credit/debit cards, bank transfers, or e-wallets.

• Start Trading: Once your account is funded, you can start trading on the platform, including using the demo account for practice if desired.