While it’s a basic social trading platform but there are many aspects you must know in regards to the management of the details of your eToro account.
From the moment you sign up to a new account, to verifying it and deletion There are many things to be aware of about managing your account using the application.
Bronze Account
A eToro Bronze account serves as the initial tier that is part of eToro membership. Everybody automatically becomes an eToro Bronze member when they open the eToro account. If you’ve already made several trades, the tier of your account will be adjusted depending on the amount of equity you’ve realized.
What exactly is real equity?
This is the amount that is in your portfolio. “Realized equity” is the term used to describe it “realized equity” refers to how much “uninvested funds” showing in your account which is added to the original amount that you put into the positions you have open.
For instance:
The first deposit you make to the account of your eToro account is $7,000. Then you decide to open a new position for $2,000.
It is estimated that the value of an open account increases up to $4,000 if you allow it to remain open.
What is your actual equity in this instance?
$7,000 ($5,000 balance + $2,000 of opening amount of money)
A minimum of $7,000 qualifies you to be a member of the silver tier eToro Club membership.
However, if you ended your position open at $4,000, the balance will rise to $11,000, and that’s what you call your “realized equity” which means you’ll be considered to be in the gold tier of eToro.
Silver Account
As part of eToro exclusive levels, membership at this level requires investors to accumulate at least $5,000 of equity.
Its eToro Silver account, or “Silver Tier” is composed of traders who have a direct access to Customer Success Agent, as well as other benefits such as access to eToro’s comprehensive monthly Stock Market Analyst Report, access to live webinars , and the eToro debit card (coming in the near future).
eToro Gold Account
To qualify by eToro as a Gold Account owner or an eToro Gold Account holder or Gold Tier Club, an investor must have at least $10,000 of real estate equity.
Benefits of becoming an Gold Tier member include access to an account manager who is dedicated to the member with slot reservations for live webinars, and professional Financial analysis and reports.
Platinum Account
A platinum account at eToro platinum account needs to be realized the equity amount of $25,000.
The members of the eToro Tier enjoy all the benefits enjoyed by Gold-tier members and additional benefits like no charges for withdrawals, access Central research and analytics platform for trading, usage for an app called Delta PRO investment tracker app as well as a subscription to the Wall Street Journal.
Platinum Plus Account
eToro customers who have realized equity of at least $50,000 automatically become a member of the eToro Platinum Plus tier.
The members of this club enjoy all of the advantages of earlier tiers, plus additional benefits like Zoom sessions one-onone with an account manager that is devoted to the account tickets to sporting and cultural events , and invitations to financial-related events curated from eToro in order to assist you improve the trading skills you have developed.
eToro Diamond Account: Top Tier
eToro Diamond account holders should have at minimum $250,000 real estate equity. This is the maximum amount of the eToro Tier membership program.
Benefiting from all the exclusive benefits and privileges of the higher tiers Diamond members enjoy the benefits of all tiers above. Diamond members also get to enjoy no charges for exchange and an invitation to join the eToro’s Diamond events that are held across the globe.
How do I Cancel Your Account?
If you have a reason why you’d like to close or remove or delete your eToro account, take these steps.
Select “Settings” in your personal page.
Click “Account”.
Click on “Close the account” and then click “Close eToro Account”.
Note: You will be asked to provide the reason you chose to quit and the options are problems with your account or payment the platform is not satisfying your requirements privacy concerns or personal reasons, or any other reasons that require more explanation.
Remember:
Close all positions that are open and take out funds that exceed $25.
To submit a request for withdrawal Simply:
Select “Withdraw funds” on the left menu.
Enter the amount in USD.
Complete with the online withdrawal forms.
Select “Submit”.
Opening an account for a company
You should know: Opening an account for a company through eToro will require an amount of $10,000.
The process of registering for this kind of account isn’t quite the same as opening a private account. The steps to follow for opening a corporate account
Create an “Ticket” on the Customer Service page of eToro.
Include the necessary information, including the legal form of your company and the country in which your company’s incorporation, a complete description of your company as well as a copy firm’s Memorandum or Articles of Association (Translate in English when not with English if not written in the English the language) along with the verification of your minimum of $10,000 as the initial deposit required to establish an account for corporate clients.
Unblocking an eToro blocked account
Sometimes it happens that your eToro account could be shut down because of technical issues. In this case, contact customer service at eToro.
If you are unable to log in to your account as an already registered user simply click “Visitor” and then open the ticket by registering an email address that is new to you. The customer service will then wait to provide instructions on how to deactivate access to your eToro account.
Process of Verification of Account
Another crucial and necessary step when you create an eToro accounts is the confirmation process.
The first step is to verify the registered number by using eToro issue an email with an identifier.
When you’ve entered the code and confirm it, you’ll be directed to the next stage of confirming your account which will be a simple matter of uploading a proof of identification (POI) along with proof of residence (POA) Documents.
To prove ID, you can provide any of these:
Passport
Driver’s license
Any identification card issued by the government
On the other side, here are the documents that you can use as evidence of address:
Other utility bills and electricity
Bank Statement
Social service ID
Any ID issued by the government that shows your current address.
What happens in the event of the account of an Unverified Account?
eToro users who have an unauthenticated account will be unable to perform various activities in the application, including trading and withdrawal of funds.
It is the Need for Identity Verification
To be fully compliant with the world’s regulatory bodies and to guarantee that they are an environment that is trusted and their respective trading partners, eToro requires verification of the identity of each user.
What is the role that of eToro Account Manager
Once you have become an eToro Gold member or eToro Gold tier and up you will have the direct access to a designated eToro Account Manager.
The role of an eToro Account Manager’s job is to deliver a superior customer experience for eToro customers. This includes:
In helping traders increase their Gold, Platinum Plus, Platinum Plus and Diamond membership.
Offer training and support for eToro exclusive club members.
How Do I Access My Statement on my Account?
To access your eToro account Statement, visit your “Portfolio” located on the left sidebar . hit”clock” or “clock” symbol to display the history of your transactions.
Select the wheel symbol located on the upper right and then, from the menu dropdown, choose “Account Summary”.
The next step is to select the time period that you wish to see your transaction past and then click a check mark in the small box to the right to create your eToro Account Statement Summary.