Verify your eToro account so you can start trading right away. For some people, verifying an eToro account is quite complicated because it requires a lot of information. Don't worry about it though, account verification is just to protect the security of your account at a reputable forex broker. The following article will guide you on how to verify your account on this exchange as soon as possible.
What do you need to prepare to verify your eToro account?
Like most other exchanges, verifying an account on eToro also requires a number of relevant documents and papers, as follows.
- Used to verify identity: Identity Card, Passport, ID or Driver's License.
- Used to verify address: Bank statement with red stamp, electricity/water/internet bill.
Instructions for Account Verification on eToro
Verification is responsible for 25% the completion of your trading account profile. This is an important job after you successfully register with eToro exchange.
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Following are the steps to verify an account on eToro.
Step 1: In the “Verify your identity” window, enter your National Identity Card or Citizen's ID number.
If you skip this step, eToro will send you a notification to download additional verification documents.
Therefore, to avoid delaying the verification process and not needing confirmation, you should complete this step.
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Step 2: Read and confirm the “Warning” window.
After carefully reading the information provided by eToro, click “Read and Confirm” to confirm the “eToro Educational Tools” and “General Risk Disclosure”.
The screen will display the message “Confirmed” as follows.
Then click on the green arrow on the right to continue. A new window will appear, you need to click “Verification Completion” to go to the Phone Verification section.
Step 3: Check the code over the phone. Please select the country code and enter your phone number and click “Send SMS” to receive the code.
Enter the code and click “Verify”.
Step 4: Enter your tax identification number.
You can visit the following address to obtain your personal tax identification number.
If you don't have a tax code, you can also replace it with your ID card.
You have just verified your account. The verification process usually takes 3-5 business days. However, this time can be reduced if you correctly fill in the information that corresponds to the verification documents. Then you can fund your account and make transactions right away.
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Common mistakes when verifying accounts on eToro
During the verification process, there will be cases where it is easy to make some small mistakes that cause delay in the verification process. The following are common common mistakes.
Only carry the front of your ID card or ID card
When verifying your account, you will need to upload both sides of the document you use to verify your identity. Also, you need to make sure the uploaded image is clear, has all four corners, and is not discolored.
Enter the wrong address
Many people make the mistake of entering the address where they are staying does not match the address verification documents. In this case, customers cannot fix it themselves but should contact the support team for help. This is quite laborious and time consuming.
In addition, there are still use cases of non-legal documents, such as online statements without a red mark, medical examination and treatment books, retail invoices, insurance books, and statements with red stamps but no addresses. To avoid taking too long in the verification process, you need to carefully read the requirements and notes before doing so.
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Conclusion
Here are instructions on how to eToro account verification. Another difference from eToro is that while waiting for the account to be verified, you can make a deposit and start trading normally, and the deposit will also help to shorten the verification time. To learn how to top up your eToro account, you can refer to our article on this page. Don't forget to follow up often Forex Signals to get the best free Forex signals. Good luck!
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