eToro Account Types, Features and Openings (2021)

logomark Filippo Ucchino calendar Last Updated: May 2021 timer 6 min read
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Opening an eToro account is an easy process.

There are though a variety of things you will need to consider. These range from which type of account you would like to open, to where you are based. Opening an eToro live account will differ from opening an eToro demo account for example.

Once your account is open, you will also need to consider some options. Do you want to open an eToro account to join eToro Club as a VIP?

Maybe you want to open an eToro corporate account to meet you high volume trading needs.

Then, what to do if you get the eToro account suspended, or eToro account liquidated news?

Luckily, we will help you take care of all of these questions (our detailed eToro review might also help).

We want to do our best to help you become the very best forex trader you can be. This includes uncovering every aspect of eToro and what they can offer you as a forex trader.

Table of contents

eToro Account Types available

Let’s begin with a look at all of the account types you can expect to find when trading at eToro, keeping in mind that the eToro minimum deposit may change depending on the account type.

Demo Account

Opening an eToro demo account is the best place to get started if you want to learn about forex trading. eToro provides a comprehensive demo account that can help you get started in your forex trading career.

We have covered every step of how to open your eToro demo account and begin trading in our eToro demo account tutorial. This is an excellent resource to assist you with your first steps in a great trading career.

Or you can simply visit the eToro website in order to open one for free.

Live Account

Opening an eToro live account includes just a few additional steps than an eToro demo account opening. Your account can be open and you can be trading on your eToro live account within just minutes with the right guidance.

You can take this guidance from us on how to get started. We have researched how to open an eToro real account. This will also show you how to make the most out of your eToro live account (before proceeding though you should carefully read our eToro.com review)

Islamic Account

Opening an eToro Islamic account is a unique area of great importance if you are an Islamic trader. In this case, you need to open an account which is precisely compliant with the regulations of Shariah law.

This means that you can benefit from a completely swap-free account since the charging of a swap fee is against Shariah Law. The minimum deposit for this type of account at eToro is $1,000 and it is available on request.

Corporate Account

This can open up a wide range of options for your company trading account.

If you are seeking to open an eToro corporate account, there are some steps which you will need to ensure you have followed. This includes signing up using your company email, to ensure you get the best possible access to your eToro corporate account.

There are two different ways in which you can open your eToro corporate account. Alongside this, you’ll need more documents to open a corporate account than to open a live account, so be sure to check out our full eToro corporate account step-by-step guide.

Please take into account that the minimum initial deposit for a corporate account is 10,000 USD.

eToro Professional Account

Professional accounts are available at eToro. In order to qualify as a professional trader within the EU for eToro, you will need to meet some basic requirements. At least two of the following three must apply:

  • You must have made at least 10 forex transactions with a minimum total value of $500,000 in a recent time period.
  • Your financial portfolio should exceed $500.000. Your private assets are not counted toward this value. Just the balance and open positions you have on your account.
  • You must have at least one year of working experience within the financial field.

Once you have met two of the three above requirements you can qualify for an eToro professional account. Here you can benefit from increased leverage of up to 400:1 yet you will still be able to keep your negative balance protection. You will not though have access to the investor compensations fund should you need it.

etoro account types

eToro Account Opening USA

Forex trading USA is a very tricky business. Finding a forex broker in the US is a task in itself. The broker eToro has begun to offer trading services to US-based users, however keep in mind that eToro does not offer Forex and CFDs in general within the United States. The only assets offered by eToro in the US are Cryptocurrencies.

The best way to find out how to sign up and get started with your eToro USA account opening is through reviewing our information on how to open your eToro USA account.

This guide should be everything you need to begin trading with eToro USA.

eToro Club VIP Account: Here’s how to get one

eToro club rewards loyal traders of a certain equity with a host of benefits from their eToro club. These include perks such as an eToro account manager.

If you want to know how to join the eToro club as a trader, then you are in the right place. We have completed in-depth research on the eToro club requirements. This information on the eToro club can guide you on how to get started and manage your tier level and benefits as an eToro club member.

Account Verification

Getting your eToro account verified when you first register is usually a very easy process.

With that said, if you are still wondering how to process your eToro account verification, we can guide you along the right steps to take, though the best place to start is with eToro customer support.

This information can help you open a real eToro account in a faster time, and begin trading within just a few minutes.

eToro Account: characteristics, benefits and problems you may encounter

Minimum Deposit

The eToro minimum deposit has changed a couple of times. This is important information which you will need to know before deciding you open an eToro live account.

The best way which you can stay up to date with the current eToro minimum deposit and any changes which have occurred is through following the useful eToro minimum deposit guide.

This will keep you in touch with the latest eToro minimum deposit news so that you have the right amount prepared when opening you eToro account.

Account Manager

Your eToro account manager is a very important and useful person you can access as an eToro club member. The eToro account manager is your dedicated point of contact that can assist you in navigating the world of online forex trading.

Have you got your eToro account suspended? Here’s what you can do

Sometimes mistakes can happen. Perhaps you have accidentally breached the terms of your membership, and now your eToro account has been suspended. Receiving the notification of the eToro account being suspended can be a very stressful event.

You may not know why or how this has occurred. You may also not know how to solve the situation. In this case, the best thing you can do is engage in positive discussion with the great eToro support team to find out where you went wrong. They can also let you know what you have to do to resolve the issue.

Most importantly, you can then understand how to recover from eToro account suspension and get back trading.

eToro Account Liquidation: Here’s what you can do

If you want to liquidate your account, there’s nothing easier to do. All you have to do is withdraw your funds and simply ask the customer service to delete your account.

But let’s suppose for a moment that eToro goes bankrupt: What would happen to the investor’s money?

Well, the answer is “nothing”! In fact eToro holds your funds in segregated bank accounts, so your funds will be returned to your bank account.

Blocked eToro Account: how to unlock it

Another very unpleasant scenario which can happen is if your eToro account is blocked for some reason.

The cause of this could be from any number of events. The reason for receiving the eToro account blocked news can be very difficult to pinpoint in some cases. You may not know what you have done to have your eToro account blocked.

In any case, the best action you can take is to collect all of the information possible. Contacting eToro customer support is a great starting point if you are faced with an eToro account blocked situation.

How to Delete the eToro Account

If for some reason you have opened an eToro live account and you no longer wish to trade, perhaps the question of how to delete eToro account is something which you have considered.

Although eToro provides the service and features of a top forex broker, you can also delete your eToro account.

How to delete eToro account will accompany you through the process on a step-by-step basis.

eToro Account Types FAQs

Can you have two eToro accounts?

Yes, you can. You are allowed to sign up to another account with your name and the same documents you used for the first account, though you’ll have to change email and username.

How do I open an eToro account?

First you should sign up to the eToro website or app. The next important step is to verify your account so that you’ll be able to withdraw any profit you make.

Does eToro require an ID?

Yes, like any other trustworthy broker. eToro requests the verification of your live trading account only, which you’ll have to do by uploading proof of identity and proof of address.

Is eToro a Spread Betting Broker?

There are many users who are really interested in the possibility to open an eToro Spread Betting account. Unfortunately the answer is negative, since with eToro is not possible to invest in Spread Betting.

 

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. 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.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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