The short and simple answer on whether eToro accepts traders from Canada is NO. So if you are based in Canada, you have to find a different trading platform for your trading.
Why is eToro not available in Canada?
eToro is not available in Canada because it does not have the necessary licenses to operate in this jurisdiction. For eToro to be available in Canada, it would have to be regulated by the IIROC (Investment Industry Regulatory Organization of Canada). This regulatory body protects consumers and investors from Canada and ensures that IIROC regulated companies operate in a fair and transparent manner.
Unfortunately, eToro is not regulated by the IIROC and therefore, it cannot accept traders from Canada.
Can I use eToro in Canada?
No, you cannot use eToro if you are based in Canada because the broker does not accept traders from this jurisdiction. eToro knows where you come from based on your IP address and even if you would try to fool eToro by using VPN, you could not trade with them as you would be asked to verify your account with your ID.
Are there any good alternatives to eToro?
Luckily, yes, while in Canada does not operate as many brokers as in Europe, Asia or Australia (because it's very costly and hard to obtain the Canadian licence), there are a couple of solid brokers that are regulated in Canada.
Popular brokers that accept traders from Canada
All trading involves risk. Only risk capital you're prepared to lose.
* Variable spreads vary according to the current market conditions, recorded for EUR/USD on 15.03.2023 at 10:00 GMT+1.