eToro list of Supported & Banned Countries

eToro is currently one of the biggest multi-asset brokers in the world today. This broker currently has over 30 million registered users from all over the world on its platform. It offers many attractive features to attract such a high number of clients. Sadly, these features are not available to all people in the world. There are countries from which eToro does not accept clients. In this article, we look at the eToro list of supported and banned countries. We will also mention a few alternatives for people who cannot access eToro in their countries.

Not sure if eToro supports traders from your country? Try opening an account, if this works, they welcome traders from your country

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

51% of retail CFD accounts lose money

eToro Blocked Countries

Unfortunately, the services offered by eToro are not available to clients from all over the world. Most Asian and African countries are blocked from accessing eToro services. Here is a list of eToro blocked countries from which eToro does not accept traders from:

• Africa: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo Republic, Cote d’Ivoire, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini (Swaziland), Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Sao Tome, Senegal, Seychelles, Sierra Leone, Somalia, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe
• Asia: Afghanistan, Armenia, Azerbaijan, Bhutan, Brunei, Cambodia, China, Georgia, India, Iran, Iraq, Israel, Japan, Jordan, Kazakhstan, Kyrgyzstan, Laos, Lebanon, Maldives, Mongolia, Myanmar, Nepal, North Korea, Pakistan, Palestinian Territories, Philippines, Russia, Saudi Arabia, Sri Lanka, Syria, Tajikistan, Timor-Leste, Turkey, Turkmenistan, Uzbekistan, Yemen
• Europe: Albania, Aland Islands, Belarus, Bosnia and Herzegovina, Kosovo, Moldova, Montenegro, North Macedonia, San Marino, Serbia, Ukraine, Vatican City
• North America: Anguilla, Antigua and Barbuda, Bahamas, Barbados, Belize, Bermuda, Canada, Cuba, Curacao, Dominica, El Salvador, Greenland, Grenada, Guatemala, Haiti, Honduras, Jamaica, Montserrat, Nicaragua, Panama, Saint Barthelemy, Saint Kitts and Nevis, Saint Lucia, Saint Pierre, Saint Vincent and the Grenadines, Trinidad and Tobago, Turks and Caicos Islands, Virgin Islands (British)
• South America: Falkland Islands, Guyana, Paraguay, Suriname, Venezuela
• Oceania: Bouvet Island, Christmas Island, Cocos Islands, Cook Islands, Fiji, French Polynesia, Heard Island and McDonald Islands, Kiribati, Marshall Islands, Micronesia, Nauru, New Caledonia, Niue, Norfolk Island, Palau, Papua New Guinea, Pitcairn Islands, Samoa, Solomon Islands, Tokelau, Tonga, Tuvalu, Vanuatu, Wallis and Futuna
• Antarctica: Antarctica

*While eToro is available for nearly all US clients, it does not provide services in the following states: American Samoa and Guam.

eToro claims that they block these countries and regions due to regulatory requirements and business decisions. However, the full list of eToro-blocked countries can be updated over time.

eToro countries available

According to the eToro website, eToro is available in the following countries:

• Africa: Seychelles, South Africa
• Asia: Bahrain, Bangladesh, Israel, Kuwait, Macau, Malaysia, Oman, Qatar, Singapore, South Korea, Taiwan, United Arab Emirates, Vietnam
• Europe: Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey Island, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom
• North America: Cayman Islands, Costa Rica, Dominican Republic, Guadeloupe, Martinique, Mayotte, Mexico, Reunion Island, Saint Martin, United States*
• South America: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, French Guiana, Peru, Uruguay
• Oceania: Australia, New Zealand

What eToro Has to Offer

With eToro, clients can trade over 5,000 instruments from 6 main asset classes. Please note, however, that the availability of instruments varies according to the region where an investor is based. These include CFDs on forex, cryptocurrencies, ETFs, and Indices. Clients can also purchase real stocks and cryptocurrencies on the eToro broker site. In total, this broker features 49 different currency pairs, with some of the best pairs to trade including GBPUSD, EURUSD, USDCAD, USDJPY, and EURAUD. Additionally, eToro features 119 different crypto pairs, 19 different indices, 27 commodities, and tons of stocks to invest in. Evidently, it is effortless to diversify one’s portfolio with this broker site. Better yet, investing in these assets does not come with hefty fees. The spreads are fairly low, with major currency pairs having spreads that start from 1.0 pips.

On top of that, this broker offers one of the best trading platforms in the world. The eToro trading platform is intuitive and comes with tools to support traders. For example, the CopyTrader tool on eToro allows clients to copy the moves of more successful traders on the platform. Clients lacking the time and knowledge to trade markets can use this technology to easily place their own trades. On the other hand, the Smart Portfolio tool helps clients keep track of different assets and different trading strategies. Finally, eToro is a regulated investment platform. The company is regulated by the FCA, the CySEC and the ASIC. This is one of the most impressive regulatory license collections by a broker. Having regulations from several top-tier organizations helps improve the trust level of a company.

Some Great Alternatives to eToro

Exness (Alternative for African and Asian Traders)

Exness is the world's largest retail forex broker by trading volume. The company is regulated in South Africa by the FSCA, in Kenya by the CMA, in Jordan by the JSC, and by a plethora of other top-tier regulators. Exness offers a wide variety of trading instruments, with over 160 different tradable assets. Clients can trade at Exness CFDs on Forex, metals, cryptocurrencies, energies, indices, and stocks. In total, there are 107 currency pairs, 30 different stocks, 10 indices, 12 commodities, and 6 popular cryptocurrencies for trading.

The average spreads for trading major currency pairs on this broker site range from 1.0 pips to 2.0 pips. These are fairly low prices to pay while trading. On top of that, Exness provides a good lineup of trading platforms which include MetaTrader 4 and MT 5. These assure traders of ultra-fast execution of orders ensuring they do not miss out on entry and exit points.

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

FP Markets

FP Markets is a popular Forex and CFDs broker that is regulated by the CySEC and the ASIC, two of the top regulators in the world. While regulations alone are not enough, it is still a good sign when a company is regulated by multiple reputable organizations. With regards to trading instruments, FP Markets offers its clients over 10,000 trading instruments in 8 different asset classes. These include forex pairs and CFDs on shares, metals, commodities, indices, cryptocurrencies, bonds and ETFs. With this broker, clients can invest in multiple markets at the same time.

The fees for trading these instruments on FP Markets are low with spreads starting from 1.0 pips on the standard account. However, FP Markets users can also enjoy spreads as low as 0.0 pips on the Raw account while paying a commission of $3 per side per lot. These trading instruments are available on industry-standard platforms including MT4, MT5, TradingView and cTrader.

72.92% of retail CFD accounts lose money

Forex.com (Alternative for Canadian and US Traders)

Forex.com has over 5,500 different assets to trade on. These include CFDs in over 80 currency pairs, over 5,500 global stocks, over 15 indices, commodities, precious metals, and cryptocurrencies. These assets are available to traders from Canada. Investors from the USA can trade here forex, futures and futures options. The platforms available for trading these assets include MT4, MT5, TradingView, WebTrader, and Forex.com Trader.

Forex.com is an excellent choice for Canadian traders as it is under the regulation of the IIROC. This is the main financial regulator in Canada. On top of that, the broker is regulated by the NFA in the US. This shows the commitment of Forex.com to following the most stringent of financial rules and laws. Further, the fees on Forex.com are manageable and relatively low. The spreads for trading major currency pairs on the standard account can go as low as 0.5 pips. Additionally, they can go as low as 0.0 pips on the commission account, with a low commission of $7 per 100k traded.

Online trading involves significant risk of loss and is not suitable for all investors.

Closing Remarks

Regulatory restrictions and business decisions can lead to a company blocking its services in certain countries. These are the exact reasons why eToro is not available in some countries across the world. While the broker offers excellent services to its multitude of clients, it sadly cannot provide services to everyone.

Fortunately, there are great alternatives with good trading conditions to offer to investors. In this review, we listed some countries not supported by eToro and named a few alternatives that investors can use. Make sure the broker you choose best suits your trading and safety needs.

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. 51% 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.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

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.