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April 25, 2019

Question:Is is safe to deposit money to eToro? How do they protect investors' funds?

Answer:

Yes, depositing money into your account is absolutely safe, private and secure.

All transactions are communicated using Secure Socket Layer (SSL) technology, ensuring that your personal information is kept safe.

Is is safe to deposit funds to eToro ssl

eToro Official Website

Segregated accounts for investors

eToro keep the clients’ funds in a segregated account, such that the clients’ funds will be separated from their own assets.

Such separation of accounts is being supervised both internally and externally.

eToro operate only with reputable payment institutions and payment providers such as Barclays Bank, Coutts and other first-tier banks.

You can’t deposit using a payment method under another person’s name (3rd party payment)

eToro does not allow third-party payments.

A third-party payment is a deposit made using a payment method that is not in the same name as the owner of the eToro account.

As stated in their terms and conditions, the owner of the trading account should be the owner of the funds.

Therefore, there is no option to make a deposit using someone else’s payment method.

However, if you wish to use a method of payment belonging to your spouse or another first-degree family member, they can set up a joint account for you.

This must be set up PRIOR to depositing with the 3rd party payment method.

This means that both parties will be allowed access to deposit/withdraw funds, however, only the account owner will be permitted to trade.

You will be asked to provide identification documents, a proof of your relation (such as marriage certificate/ birth certificate), as well as to complete the joint account form.

If you do use a third-party payment method without a joint account, your account will be limited until the third-party funds can be refunded.

Please note that your account might be closed if they are not able to refund the full amount.

For more information, please contact support team from the Official Website.

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