Etoro UK Review 2023: Fees, Features and Security

To open an account on the multi-asset platform (eToro investment account) you’ll need the following:

• To be 18 years and more (eToro will request proof of age)
• A smartphone and/or a computer connected to the web
• To be resident in a nation where eToro services are offered (eToro will request residency proof)
• An email address that you have access to
• A phone number that’s linked to your smartphone

Once you have all the above ready, you can open an account. To do so, follow the steps below:

• First, go to the ‘Create an Account’ page on the eToro website.
• Select your username and input your email address and choose a password you’ll remember. Or you can sign up using your Google or Facebook account.
• Next, go through eToro’s Terms and Conditions, Cookie Policy, and Privacy Policy, and then tick the relevant boxes to accept each one.
• Hit the Create Account button.
• Next, go to your email inbox and click the verification link to verify your address. To do so, when you open your inbox you should see an email from no-reply@connect.etoro.com with a message and a verify now button. Click the button and you’ll be redirected to your eToro account and you’ll get a confirmation message.
• For the next stage, you’ll need to add your personal information and investment experience as there’s a high probability that retail investor accounts lose money if they sign up with the wrong skill level.
• To get started, in your eToro account, hit the Complete Profile button and then go through the message that shows up, and then click Continue.
• Complete your basic personal data. This information must match your Proof of Identity.
• Hit the arrow to continue. Type in your address which should also match your Proof of Address.
• Next, enter your country of citizenship and place of birth. You may be requested to complete an ID number.
• Choose the relevant answers to finish the investment knowledge assessments. And accept the terms and conditions to proceed.
• Once that’s done, you have to verify your phone number. This is part of the mandatory eToro platform verification process. To do so, select one of the following options: From Home or Settings.
• If you choose the From Home option click on Verify on the main menu on the home page. Next, input a valid mobile phone number and hit Send SMS.
• Enter the SMS code you received on your device and click Verify as well as check the green banner under your screen to confirm that you have verified your phone.
• If you choose from Settings go to Account Settings which is located in the left-side menu of your eToro platform account.
• Beneath Credentials, tap on the ‘Add’ button beside your phone number. Input a valid mobile number and hit Continue.
• Enter the SMS code you received on your smartphone.
• Clean Verify and check the green banner under the page to confirm that you’ve verified your phone.
• Next, you’ll need to verify your identity. eToro requires valid proof of identity. This can be a copy of your passport or a government-issued identification card. The identity document must hold your full name, photograph, valid expiry date, and date of birth.
• When taking a photograph of your identity document you must not cover any of the above details. They must also be very readable.
• After this, eToro will require a proof of address document. This must be a different document than the one you used for proof of identity. The proof of address document must be under the name you used to open your eToro account and dated within the previous 3 months. This is excluding valid government-issued identification like a driving license.
• It should also contain the below details: your full name, date of issue, issuing authority, a reference to the issuing authority, and your current residential address.
• eToro accepts documents issued by a utility company, government agency, bank, or judicial authority. Proof of address documents can be any of the following: driving license, water, gas, internet, or phone bills. It also supports bank statements/credit card statements, council tax or municipality bills/government tax letter, social insurance statement, and house rental official agreement (issued by the government).
• eToro does not support pension or insurance documents, receipts, invoices for purchasing goods, and handwritten bills.

Once you’re through you can now make a deposit.