eToro Account Opening

Page Summary

eToro is the top social trading broker with excellent account opening experience. The service is entirely online and user-friendly. The average time required for opening a new account is 24 hours.

Broker Comparison

eToro XTB Trading 212
Rating 5.0 stars 5.0 stars 4.5 stars
Account opening time varies 1 day 1 day

This article discusses the eToro account opening characteristics.


The main aspect to consider when choosing a brokerage firm is availability. eToro is available in 15 countries, including the United States, United Kingdom and UAE.

Available Countries

Country Availability
Australia Yes
Canada No
China No
Germany Yes
Hong Kong No
Ireland Yes
India No
Japan No
Malaysia No
Netherlands Yes
Singapore No
South Africa No
United Arab Emirates Yes
United Kingdom Yes
United States Yes


eToro has transparent account opening requirements. To create an account with this brokerage firm, you’ll have to submit proof of identity and residency. eToro has a fully digital account opening process done on the broker’s web platform.

When registration is complete, you’ll have to transfer a minimum deposit to your new account. The minimum required deposit at eToro is $100. Initial fees vary depending on the funding method you choose. Check our in-depth reviews to learn about minimum deposit at eToro.

Minimum Deposit Comparison

eToro XTB Trading 212
Minimum deposit $100 $0 $1


A professional brokerage firm offers access to many account tiers. eToro has accounts for different trading skills and styles. The downside is that eToro only offers accounts with a base currency of USD. As such, depositing funds in currencies other than USD will lead to additional conversion fees. Read our in-depth reviews to learn insights about eToro’s accounts and fees.

Base Currencies Comparison

eToro XTB Trading 212
Base currencies 1 5 9

Opening accounts

The steps to open an account at eToro are simple. You have to choose a brokerage account, add your personal data and proof of identity. After that, review the information and sign a virtual contract. After eToro verifies your account, you will make the initial deposit. Once the initial deposit clears, you will start trading.

Final Word

eToro is an excellent choice for traders at all levels of experience who want access to the best social trading features. It offers a smooth account opening process. Read our in-depth reviews to learn more about eToro.

eToro compared to other brokers:
eToro review


eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.


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