eToro Account Types

eToro offers a variety of account types to cater to different trading needs, including:

• Standard Account: This is the default account type that allows access to all assets, copy trading, and smart portfolios. It requires a minimum deposit ranging from $10 to $10,000 depending on the country of residence. Leverage is limited to 1:30 for retail clients in Europe, UK, and Australia.

• Islamic Account: Designed for Muslim traders, this account complies with Sharia law and does not charge or credit overnight fees. A minimum deposit of $1,000 is required to open this account.

• Professional Account: Available to clients who meet specific criteria, this account allows for higher leverage (up to 1:400) and is designed for experienced traders.

• Corporate Account: Intended for legal entities and businesses, this account type requires a minimum deposit of $10,000 and specific documentation for setup.

• Demo Account: Each new user receives a demo account with $100,000 in virtual funds to practice trading without risk.

eToro Broker Account Opening Process

Opening an account with eToro is a straightforward process that can be completed in just a few steps:

• Visit the Website: Go to the official eToro website and click on the "Join Now" or "Trade Now" button.

• Fill Out the Registration Form: Enter your personal information, such as your name, email address, and date of birth. You can also sign up using your Facebook or Google account.

• Agree to Terms: Review eToro's terms and conditions and privacy policy, then agree to them by checking the appropriate box.

• Submit Your Information: Click the "Sign Up" button to submit your information.

• Verify Your Email: Check your email for a verification link from eToro and click it to verify your account.

• Complete KYC Process: Upload the necessary documents for identity and residence verification, including a valid photo ID (passport or national ID) and proof of residence (utility bill or bank statement).

• Fill Out a Questionnaire: Complete a questionnaire about your trading knowledge, financial status, and investment goals to help tailor eToro's services to your needs.

• Start Trading: Once your account is verified, you can fund it and begin trading with real money. The minimum deposit varies by country, typically starting at $10 or $50.

For more information, visit eToro's official site.