How can I make my eToro account more secure?
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Online trading is becoming a popular concept, especially when more people are interested in finding opportunities to raise income online. However, with so much of our lives happening on mobile devices and laptops, it’s no wonder that our digital accounts have become a magnet for criminals.
EToro uses data security technology and tools such as firewalls and data encryption to protect its user’s information. In addition, eToro also offers an option to activate Two Factor Authentication (2FA) in your account.
2FA is known as an extra layer of security used to make sure that people trying to gain access to an online account are who they say they are. With this measure, after entering your username and a password, you will be required to enter a verification code sent to your mobile phone via SMS to access your account instead of immediately gaining access.
Please take following the steps to make your account more secure with 2FA:
1First, click “Settings” and then choose “Account”.
2Click to the right side of the switch under the words “Two Factor Authentication”.
After that, a code will be sent to your phone number associated with the account.
3Enter the code in the blank and hit “Apply”.
You now have 2-factor authentication.
And you also can turn it off in your Account Settings.
Your security and privacy are of the utmost importance. Hence, to protect your account more strictly, we recommend enabling it on your eToro account because even if your password is compromised, your account will still be protected.
With 2FA, a potential compromise of just one of these factors won’t unlock the account. So, even if your password is stolen or your phone is lost, the chances of someone else having your second-factor information is improbable. Looking at it from another angle, if a consumer uses 2FA correctly, websites and apps can be more confident of the user’s identity, and unlock the account.
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.