eToro is the top social trading broker with an excellent account opening experience. The service is entirely online and user-friendly. The average time required for opening a new account is 24 hours.
|Rating||5.0 stars||5.0 stars||4.5 stars|
|Account opening time||1 day||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, UAE, and Canada.
|United Arab Emirates||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 $200. Initial fees vary depending on the funding method you choose. Check our in-depth reviews to learn about minimum deposit at eToro.
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.
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.
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:
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All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.