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Does eToro pay dividends? Troubleshooting Why do I need to add funds to open my position? Why can't I log in?
Verification Why do I need to verify my account? What is proof of address? Phone verification problems Do I need to verify my eToro trading account to use the eToro Wallet?
What is my national number? In my spare time I enjoy cooking and travelling. Here you can learn more about our review methodology. I hope to learn soon and start trading myself.
Skip to content. About us About us. Contact Us. Trading Blog. Are there fees for using the eToro Practice Account? Marco Sbalchiero Author of this article and founder of Tradingonlineguide.
Review Sections. TRADE NOW. Mirror Traders. January 6, Learning how to get the most out of your eToro demo account is a great starting step for your future in trading.
With eToro and every other major broker in fact, there are a few key items which you should prepare before even beginning to open your account.
They are one of the most well-respected regulators in the trading world and follow a strict set of compliance rules to protect you as a trader.
These will be quickly verified later in the process. Actually, we would say that if a broker does not require at least some proof of identity, they may not be the best choice for opening your account.
This is the very first real step in opening your eToro live account. As eToro is a top broker in forex and other markets around the world, of course they want to make the process of registering very easy.
As you can see from our picture, you will need to complete each field in this basic signup form to begin the process of opening a live eToro account.
It is important in this form that you complete it with an email address and telephone number that you have access to. This will need to be verified in later steps.
If you find it easier, you can click the Facebook or Google buttons to open your eToro live account using those channels.
This will automatically direct you to your chosen site and automatically us the information from these services. The very next screen you will be greeted with is your eToro live account dashboard.
Here you can look around and see all of the markets which you could trade in with eToro. You can also see all of the features of your eToro live account.
These include the new eToro club. There are not too many steps left before you can open your eToro live account with full trading capability and start trading.
When you first click the button to complete profile on your live account, you will be greeted with a pop-up window. This will explain to you the benefits of verifying your account now.
From the beginning of the pop-up windows to completely verifying your account takes about screens and around 10 minutes.
In the first screens, you will be asked to confirm your basic name, address, and personal information. No problem!
You will then have to answer a few short questions about your job, salary, and financial position. This is standard with all conscientious major brokers.
They want to make sure that you have the means to trade and this can also be used to determine your suitability for leverage.
Again, this is just to get basic idea of how much you know about trading forex and other products prior to opening your eToro live account.
Do not worry about getting the answers wrong. As you can notice, the progress bar at the bottom of the pictures charts how much process you have made in the verification steps.
These kinds of questions like your attitude to risk, also help eToro establish your trading profile. This is helpful to both of you, since eToro can learn more and understand how best to fit your needs as a trader by asking these questions.
If there is something you do not understand or you have more questions, the eToro support team is just a click away. You are almost at the final steps of verifying your eToro live account.
To begin trading or investing you have to verify your account. The following documentation is required to verify your account and begin trading:.
Your proof of identity should show your name, clear headshot, date of birth, issue date and expiration date if possible.
Note: If there is information included on both sides of your identification document, you need to submit both sides.