Verifying Your eToro Account – Here’s how to proceed

When you create an account with eToro , you have to go through a registration process. An important part of the registration process is verifying your account.

Not only is this very important; it is also mandatory. This simply means that there is something you need to do in order for your account to be verified. And an account must be verified before it can be used.

This can in many ways be compared to the domino effect, because in this process one simply leads to the other. Your account must be verified before using it, and if you refuse, you will not be allowed to use the account.

Verification may sound quite complicated, and maybe a little scary, but it’s not at all. With that said, this is also something most people know from before! In this article, we’ll look at how to proceed to verify your eToro account.

[etoro]

What documents does eToro need?

When you register on a website or a platform, you must register. It does not matter which platform it is – eToro or any other online store you are placing an order with.

The registration and verification process is something you have to go through anyway. However, there is one thing that can vary from player to player , and that is what documents they need to be able to verify your account. Online stores usually send you a verification link that you have to click on.

But when you register with eToro, you will not receive such a verification link. Instead, you have to send them the documents they request in order for them to start the verification process. These are the documents eToro needs:

• Proof of identity
• Proof of address

Proof of identity

An identity card is a document that confirms that you are the person you pretend to be. The identity card must contain the following information:

• Name
• Your date of birth
• A picture of you
• Date of issue
• Possible expiration date

Classic examples of such documents are driver’s licenses, passports or other documents that can be used in connection with identification. At eToro, passports are considered to be the preferred proof of identity – for both parties – because this document significantly reduces the length of the verification process.

When you take a copy of your ID, you have to be accurate. Here are many details that one has to think about:

• All information on the identity card must be visible
• The proof of identity must be in focus, and it must not be cropped in any way
• The front and back of the identity card must be included.

Proof of address

In addition to an identity card, eToro needs an address card. It is a document confirming that you live at the address that you say you live at.

While there are relatively few examples of how to verify their identity, it is all the easier to prove their address. There are in fact a number of documents that can be used for this purpose:

• Letter from local authorities
• Rent contract – in which case this must be issued by the authorities
• Internet bill
• Bank statement from the bank
• Credit card printing
• Bill for public taxes
• Tax certificate / tax certificate
• Electricity, water or gas bill
• Telephone bill

But in order for it to be approved, the address certificate must also meet some criteria set by eToro. These are the following criteria:

• The proof of address must also contain your full name, address and date of issue.
• The issuer’s name or logo must be visible on the copy sent to eToro.
• The document you submit as proof of address cannot be older than three months.

When scanning the document, it is important to remember that it should lie flat while scanning. In addition, we have a little tip for you: Scan the document with a background of a different color. That way, you make sure that each corner is included as it should be.

[etoro]

How long does the verification take?

At eToro, the verification process is not a lengthy process. After you have submitted proof of identity and address, you do not need to do anything more.

There is therefore no reason to contact the eToro team, because they will contact you when the verification is complete.

With that said, it can be said that it is not uncommon for the verification process to take a couple of days. But you do not suffer any hardship for that reason – a couple of days is relatively quick!

Once the verification of done

Once the verification is done, you are free to use your account as you wish (as long as it is within eToro’s guidelines of course).

As a verified customer at eToro, you get the opportunity to take advantage of all the benefits that the platform brings with it.