How to increase the level of security for your eToro account
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eToro attaches great importance to the security of customer accounts. So they apply many security methods to the platform.
However, you should strengthen the security of your eToro account yourself. That guarantees your transactions and funds. So, to make your eToro account more secure, follow the steps below.
Protect your eToro account password
The first security step for an eToro account is a password.
- Use a strong password: Don’t write it down, send it via email, or tell someone. eToro will never email you to ask for your password or other sensitive information.
- Never use your eToro account password on another website. If you enter your password in an external website and it’s compromised, someone could try to sign in to your eToro account with the same information. Make sure to keep your passwords different on any service you use and change your passwords periodically.
Employ 2-factor authentication (2FA)
2-Step Verification adds an extra layer of security to your account. So the process requires you to sign in with your password and a security code sent to your phone.
Enable 2FA by following these steps:
- Go to the “Settings” tab on the left side of the interface, click “Account.”
- Enable “Two Factor Authentication”
- Enter the verification SMS code sent to your phone and complete
- If you do not receive the SMS code, you change the code’s option via call.
Increase email security associated with eToro accounts
The very least you should do is to ensure that the email linked to your eToro account is properly two-factor authenticated via the app (e.g., google authenticator) or, even better, via physical key.
The phone number associated with eToro
Buy a new sim whose number is known by literally no one except you, add it to your dual sim phone, and link that to eToro instead.
This phone number can also be used exclusively to secure your other accounts, such as banks or other brokers.
Computer – Check for viruses and malware
You should not access your eToro account from an unknown computer and avoid public access points.
Besides, run a scan on your computer with trusted antivirus software. If the scan detects any suspicious programs or applications, remove them immediately.
The browser and operating system – Perform regular operating system and browser updates.
Make sure you’ve set your computer to update automatically. If you get a notice to update, take care of it right away, as it may include essential security fixes.
Found a security issue? Let eToro know!
If you have found a security weakness/vulnerability in any of eToro assets, eToro encourages you to let them know and help you keep eToro safe. eToro runs a Vulnerability Disclosure Program on HackerOne to receive and record submitted issues. Would you please report your findings here?
Our article has listed ways to strengthen your eToro account security yourself. 2FA is the most crucial step to account security. Don’t forget to access your eToro account and enable 2FA right away.
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. 68% 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 is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
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.
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