Which countries does eToro accept?
- Australia.
- Andorra.
- Angola.
- Austria.
- Argentina.
- Azerbaijan.
- Bahrain.
- Brazil.
Kindly note that due to regulatory requirements and business decisions based on risk management considerations, we can no longer offer the eToro investment platform to new users in the following countries and territories: Afghanistan. Aland Islands. Albania.
Regulatory changes have prohibited eToro from offering services in Canada. To open an eToro account, you must reside in the US – even US citizens living outside the country do not qualify.
Currently, eToro is not available in almost 40 African countries and about 90 other countries around the world. Before now, eToro accepted traders from Nigeria, with the minimum deposit required to open a live account being $200. In terms of user reviews, eToro was praised for its safety and ease to use.
After a short suspension, traders will be pleased to find that eToro has resumed services in South Africa. However, South African traders will be onboarded through eToro's FCA-regulated entity, which restricts Forex leverage to 30:1 and does not allow trading on cryptocurrencies.
eToro (Europe) Limited (“eToro Europe”) provides trading, dealing and copy trading services to clients worldwide, but predominantly to clients resident in the European Union, including the UK.
Generally speaking, users will find the widest selection of crypto options at Coinbase, but trading and transaction fees can be higher. EToro stands out for users who want guidance about their investments through the company's social investing feature, which offers the ability to copy trades made by other investors.
Yes, eToro legally operates in the US and its platform is provided by eToro USA LLC, which is registered with the Financial Crimes Enforcement Network (“FinCEN”) as a Money Services Business (“MSB”). They also have a license with regulators from several states.
On eToro, some positions are secured with real assets, and others use CFDs. Trading real cryptoassets means that we purchase the tokens on your behalf and register them in a segregated account under your name.
Is eToro available in Kenya? First things first, many locals ask about the availability of eToro, and the answer is yes, eToro is available to clients who live in Kenya. The African continent is one of the fastest-growing regions in terms of the number of new traders.
Does eToro accept PayPal?
Nevertheless, in the same light as credit/debit cards and its other support e-wallets – PayPal deposits on eToro are processed instantly. This means that you can then proceed to purchase your chosen cryptocurrency straightaway.
Yes, we accept residents of the United States. eToro is available in almost every state. See which states are currently supported here. For regulatory reasons, we cannot provide our service to US citizens who reside outside the USA.
eToro offers commission-free trading meaning users do not pay any dealing charges or management fees. It is free to open an account and UK users can start with an initial deposit of $50 USD.
None of the popular international apps like Robinhood or eToro are available in Japan, leaving the field open.
The answer is Yes, eToro is legal and is available to users living in the UAE. eToro does not have a local office in UAE or Dubai and is not regulated by the local regulators DFSA or ADGM. eToro is regulated by top tier international financial regulators and is considered safe for United Arab Emirates citizens.
No, eToro is not available in Egypt.
Yes, all withdrawal requests are subject to a $5 fee. Any withdrawals sent in currencies other than USD are subject to conversion fees.
At this time, eToro is not available in Mainland China. The company does have legal entities registered in China, but investors cannot open and maintain eToro accounts in the world's second-largest economy.
67% of retail investor accounts lose money when trading CFDs with this provider.
It is possible for your Available balance to become negative. This could occur when all your Available balance is invested in open positions and overnight fees are deducted, or trading losses are incurred.
What happens to my money if eToro goes bust?
If eToro went bust, clients would have their share of the segregated money investments returned, minus any administrators' costs from handling and distributing these funds. If things always worked like this, the protection amount would be only a formality.
Binance vs eToro cryptocurrency exchange overall score comparison reveals that Binance has a higher overall score of 9.8, while eToro gathered an overall score of 8.6. If we look at the ease of use, it's clear that in this Binance vs eToro comparison, Binance has better & smoother user experience than eToro.
- Coinbase Wallet - Best for beginners.
- Electrum - Best for Bitcoin.
- Mycelium - Best for mobile.
- Ledger Nano X - Best for offline crypto wallet.
- Exodus - Best for desktop.
- MetaMask - Best for Ethereum.
- Crypto.com - Best deFi wallet.
To buy or sell crypto on eToro, you'll need to create an account, verify it, and deposit funds. But before you deposit funds, note that trading accounts come with a high risk as over 75% of retail investor accounts lose money while trading with eToro. Therefore, you should only invest money you can afford to lose.
Can I use eToro in the UK? Yes, at the time of this eToro review, eToro is available in the UK, however all trades are carried out in USD so you will have to pay a currency conversion fee.
Trading on eToro can be very profitable. But whenever you're dealing with the markets, you can lose money too (“your capital is at risk”)!
That means that if your objectives or financial situation do not match the risk you are taking in the Copy Trading Services, we may choose to prevent your account from opening new Copy positions.
Yes, you can. It is possible to withdraw crypto positions that meet certain requirements from the eToro platform to the eToro Money crypto wallet. This process is called 'Crypto Transfer'.
Minimum first deposit:
After your first deposit, there is a minimum deposit amount of only $50 ($10 in the UK and USA). All deposits via Bank Transfer must be at least $500. When registering a corporate account, a minimum first-time deposit of $10,000 is required.
For Bitcoin, eToro charges a spread of 0.75% -- so to buy $500 worth of BTC, you'd pay $3.75 in fees. Given that eToro does not charge you to deposit money, this is pretty competitive. However, the fees for other cryptocurrencies can be more expensive.
Does eToro accept PayPal?
Nevertheless, in the same light as credit/debit cards and its other support e-wallets – PayPal deposits on eToro are processed instantly. This means that you can then proceed to purchase your chosen cryptocurrency straightaway.
The answer is Yes, eToro is legal and is available to users living in the UAE. eToro does not have a local office in UAE or Dubai and is not regulated by the local regulators DFSA or ADGM. eToro is regulated by top tier international financial regulators and is considered safe for United Arab Emirates citizens.
Despite being available for Malaysian investors, eToro is not licensed to operate in Malaysia. The Securities Commission Malaysia (Malay: Suruhanjaya Sekuriti Malaysia) has not granted eToro to carry out any regulated activities in Malaysia, including operating a recognised market through an online platform.
Yes, all withdrawal requests are subject to a $5 fee. Any withdrawals sent in currencies other than USD are subject to conversion fees.
What is the minimum and maximum amount to withdraw on eToro? Minimum withdrawal amount is $30, while there is no maximum withdrawal amount.
Do I pay tax on eToro? eToro does not collect taxes for any government authority, and it is our clients' responsibility to calculate and pay any applicable taxes relevant in the country they live in.