Is It Safe to Upload an ID on eToro?
- Quick and easy registration process
- Step-by-step guide to open an account
- Various ways to open an account
- Comes with demo account with $100000 in virtual funds
61% of retail investor accounts lose money
Yes, uploading your ID to eToro is safe and it’s required.
eToro operates under strict financial regulations. That means you’ll need to verify your identity before you can start trading. It’s not just a box-ticking exercise. It’s there to stop fraud, money laundering, and other shady behavior.
The process of verifying your eToro trading account is straightforward. You’ll be asked to upload two things:
Make sure the details are clear and match up. Blurry uploads or mismatched info will just slow things down.
Once your account is verified, you'll receive a notification and a green check symbol will be placed beside your username.
Worried about your personal data floating around? Don’t be. eToro uses SSL encryption to keep your documents safe in transit and stores your info with top-tier security protocols. Client funds are held in reputable banks, and they use verified electronic ID checks to speed things up and prevent abuse.
Some users say the process isn’t always quick. That’s true. In most cases, delays happen because something in your documents isn’t quite right like an expired ID, unreadable scan, or the address doesn’t match.
If that happens, eToro will usually ask for a re-upload with clearer details. There’s also in-platform help if you get stuck.
One more tip: Turn on two-factor authentication (2FA)
It takes a few seconds, but it gives you an extra layer of security. Every time you log in, you’ll need a code from your phone. Worth it. I use it every time.
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. 51% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Crypto investments are risky and highly volatile. Tax may apply. Understand the risks here https://etoro.tw/3PI44nZ.
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 hasbeen prepared by our partner utilizing publicly available non-entity specific information about eToro.
About Mike Druttman
