How to use eToro in Nigeria
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eToro a platform created to exist as one of the best trading platforms, offering stock investments, trading with CFD and cryptocurrencies.
Regarded as one of the most lenient platforms that have no limits on commission-free trades, aids in buying fractional shares, no broker fees charged when opening or closing positions, offers simplicity and mastery in use and in technical viewpoint.
It was set up in the year 2007 and gained an audience through its community-based investing platform.
Through eToro you can build a crypto-based profile and perform market orders almost immediately, it gives you the opportunity to test the progress of approved traders as well as gives individuals entry to about 15 cryptocurrencies.
As Nigerians we could benefit from all these above listed and many more that eToro has to offer through the most used instruments like Bitcoin(BTC), Ripple(XRP), Amazon shares, Apple shares, Gold (commodities), NSDQ 100 INDEX amongst all others.
Let’s help you begin the process.
Steps in using eToro in Nigeria
STEPS IN USING eToro IN NIGERIA.
- Download eToro app or go to its site
- Open an account
- Verify the account
- Make Deposit
- Make Withdraw
The above steps are explained below
How to open an eToro account
- Log on to its website download the app
- Click on ‘JOIN NOW’ or ‘TRADE NOW’
- Enter all personal information as requested on the next popup page or log in using your Gmail or Facebook
- Click ‘I AGREE’ after thoroughly reading through the outlined terms and conditions
- Click on ‘SIGN UP’
Steps to verifying your account
it is very essential to verify your account in other to be a full part of the benefits of signing up with eToro, there are two major means by which you can verify your account.
Proof of identity: You must provide a means of identification which can be a driving license, NIN, but the most preferred means of identity is Passport, all of which contains these
- Date of birth
- A photograph (must be clear)
- Date of issuance
- Expiry date (if any)
Proof of address: You must provide a document that states the following;
- Full name
- Full address
- Date of issuance (not older than 5-6 months)
Please note: The preferred documents are Bank statement, credit card statement, utility bill, tax letter.
How to deposit
- Enter the existing details of your account, then click on ‘LOG IN’
- Click on ‘Deposit funds’
- Type in the amount
- Select preferred currency
- Select your method of deposit
How to withdraw
As a customer, you can withdraw at any time the need arises, however you can withdraw up to the value in your eToro account. This will be done through these preferred means;
- Credit card
- Bank transfer
Please note: The same account used for the deposit will be used for withdrawal as well as the same method of eToro, however, has FX fees on non- USD deposits and withdrawals as well as capital is at risk.
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