Updated: February 21, 2021
As we journey into the global markets with eToro, a common question readers ask is what to do next after creating the free virtual account.
This article will cover what you should do after you’ve registered. If you don’t have an account yet, sign up for a free $100K virtual account here.
Firstly, you have to verify your account. Don’t worry, it takes just a few moments. Simply click the Complete Profile button just below your username.
For the next few windows, you just enter your information like your name, birthdate, address. Some details like your Passport number are not required if you don’t have one.
After your personal information, you will be asked a series of questions about your trading experience, background, and goals. Answer them as truthfully as possible. Some questions are also meant to ask if you are suitable for leverage trading:
eToro will also ask about your intended strategy to approach the financial markets. For example, I am an investor in the global markets so my trading strategy is to open just a few positions and hold them for a longer time.
My goal for investing in the global markets right now is for additional revenues as well, so that is what I put.
I have a medium attitude to risk, so I put my corresponding attitude to risk.
Continue the process until you get the message saying you can now start trading. Once you see this message, you can already deposit to your account, but it is not required.
If you have your documents ready, you can move on to the next step by clicking Complete Verification.
After this, you will be asked to verify your phone number through eToro sending you an SMS message with a code. Simply enter it. Once done, you are now on the last 2 steps to finishing your account!
You will be asked to upload a Proof of ID and a Proof of Address. eToro accepts general documents like passports and bills, but here is a full list for reference:
Proof of ID
- Student driver’s permit
- Driver’s license
Proof of Address
- Utility bill
- Bank statement
- TIN ID
- Voters ID
- Postal ID
- Driver’s License
- Police clearance
- NBI clearance
Finally, you will be asked for your TIN number or Tax number. If you don’t have one yet, you can choose the option where it says you do not have one.
And that’s it! Once you upload the acceptable documents, within 1-3 days your account should be fully verified and complete.
Finally, you should now access your FREE $100K VIRTUAL ACCOUNT. Just go to your username again and click the REAL button and switch to your VIRTUAL account:
You can use your virtual account to make test trades and copy people as well. We will cover how to copy and what factors to consider before copying someone in our next article.
Trade and invest in US stocks, forex, and other global markets with eToro, the world’s leading social copytrading platform.
No account on eToro yet? Then sign up now here and receive a FREE $100K practice account.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.