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Wikitoro author Wikitoro Team Written by Wikitoro Team
Wikitoro fact checker Nick Zelver Fact checked by Nick Zelver
Updated Feb, 2024

To open an eToro account in Australia, you can easily complete the process online within a few minutes. Start by providing your email address, choosing a preferred username and password. Additionally, you will need to verify your identity and provide proof of address as part of the account setup process.

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76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

eToro's popularity in Australia is soaring, especially among those keen to delve into online trading. For newcomers, the first question often revolves around how to open an account with this broker, particularly for Australian residents. As someone who has gone through this process, I'm here to share my personal experience and provide a clear guide on how to set up your account if you're a resident of this country.

 

Initial Steps to Account Creation

  1. Starting the Process: Visit eToro's website and look for the "Join Now" or "Sign-up" button. The exact wording might vary (like "Join eToro" or "Get Started"), but their purpose remains the same – directing you to the registration page.
  2. Setting Up Your Login Details: Choose a username, enter your email address, and set a password. There's also the option to sign up using your Facebook or Google accounts, but I opted for the standard email and password method.
  3. Agreeing to Terms and Policies: It's crucial to review and accept eToro’s financial product terms, product disclosure statement, and financial services guide. Make sure to acknowledge that your information will be used in accordance with their privacy and cookie policies. Remember to check the boxes to accept the conditions of both "eToro AUS" and "eToro Service (by eToro AM)".
  4. Finalizing Account Creation: Click on the "Create Account" button and then verify your email address by checking your email inbox.

 

Post-Registration Steps

Once your account is active, you're free to explore the platform and even try out the demo account for practice trades without any risk. However, to engage in live trading, completing the account verification process is essential.

In my experience, I received a notification for verification as soon as I accessed the dashboard for the first time. The process was straightforward and took only a few minutes.

 

Conclusion and Key Observations

  • Ease of Process: Setting up an eToro account in Australia is a simple and user-friendly process.
  • Verification is Key: Don’t forget to complete the account verification for full access to trading features.
  • Explore Before You Invest: Utilize the demo account to familiarize yourself with the platform before diving into live trading.

Opening an eToro Australia account is a seamless experience, designed to get you trading as quickly and efficiently as possible. My journey from signing up to starting trading was smooth and hassle-free, and with these steps, yours can be too.

 

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. 76% 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. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. 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.

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.

Wikitoro author Wikitoro Team About Wikitoro Team

The Wikitoro Team is a dynamic group of five seasoned eToro traders who have been actively using the platform since 2018. As pioneers in establishing the Wikitoro wiki site, we are dedicated to ensuring the accuracy and reliability of the information we provide. Our team regularly verifies data and content from our authors and contributors, taking turns to meticulously review each piece. Our commitment is to offer our readers factual and precise information, reflecting our extensive experience and deep understanding of the eToro platform.

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76% of retail investor accounts lose money