eToro is one of the biggest multi asset brokers in the world, with over 40 million registered users. It does not accept clients from every country, though, as regulatory requirements and business decisions limit where it can operate. In this article, we explain where eToro is available through its regulated entities and list eToro's blocked countries, also known as its restricted or banned countries. We also mention a few alternatives for traders who cannot open an eToro account.
eToro decides eligibility when you register, based on where you live. You can check whether eToro accepts clients from your country on its website.
eToro is a multi-asset investment platform. The value of your investments may go up or down.
Your capital is at risk. 55% of retail CFD accounts lose money
Where eToro Is Available: Supported Regions and Entities
eToro operates through several regulated companies, and the one you are registered with depends on where you live. Your entity decides which regulator oversees your account, which products you can trade and what investor protection applies.
| eToro entity | Regulator | Licence | Generally for clients in |
|---|---|---|---|
| eToro (Europe) Ltd | 
| 109/10 | The European Economic Area |
| eToro (UK) Ltd | 
| FRN 583263 | The UK |
| eToro AUS Capital Limited | 
| AFSL 491139 | Australia |
| eToro (ME) Limited | 
| FSP 220073 | Decided by eToro based on where you live |
| eToro (Seychelles) Ltd | 
| SD076 | Decided by eToro based on where you live |
eToro notes that restrictions set by your local regulator may take precedence over what your entity's regulator permits, which can prevent eToro from offering you all of its products. eToro's list of corporate entities on its website shows the details for each company.
eToro Blocked Countries List
According to eToro, it does not accept clients from the countries and territories below. eToro states that these restrictions are based on regulatory requirements and business decisions, and the list can change at any time.
- 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, 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
A country not appearing on this list does not mean eToro will accept you, or that eToro is regulated in your country.
What eToro Has to Offer
eToro was founded in 2007 and is listed on Nasdaq under the ticker ETOR. Clients can invest in real stocks, ETFs and cryptocurrencies, and trade CFDs on forex, indices, commodities, stocks and ETFs. Its range includes thousands of shares, over 150 crypto pairs and over 50 currency pairs, with spreads on major currency pairs starting from 1.0 pips.
eToro runs its own trading platform, available on the web and as a mobile app. Its best known feature is CopyTrader, which lets you automatically copy the trades of other investors on the platform. Smart Portfolios group assets or strategies around a theme, so you can invest in them as one position. Copy trading does not amount to investment advice, and copying another investor does not guarantee the same results.
Alternatives to eToro
Pepperstone: Alternative With MT4, MT5, cTrader and TradingView
Pepperstone is a globally regulated CFD broker with clients in over 170 countries, and a strong alternative to eToro. It offers over 1,350 CFDs across forex, indices, sector indices, equities, commodities, ETFs and cryptocurrencies. While eToro uses its own platform, Pepperstone supports MT4, MT5, cTrader and TradingView.
Pepperstone offers two main account types, each with a distinct fee structure. The Standard Account provides spreads starting from 1.0 pips with no commission, while the Razor Account offers raw spreads from 0.0 pips and charges a commission that varies by platform.
For MetaTrader 4 and 5 users, the commission is $3.50, €2.60, £2.25, or CHF 3.30 per side per lot, depending on the account currency. On TradingView and Pepperstone’s own platform, the commission remains $3.50 per side per lot. Traders using cTrader pay a lower rate of $3.00 per side per lot. For non USD accounts, commissions are converted at the current spot rate.
Pepperstone is licensed by several regulators, including the FCA (UK), ASIC (Australia), CySEC (Cyprus), BaFin (Germany) and the CMA (Kenya), among others.
74.1% of retail CFD accounts lose money
XM: Alternative With MetaTrader and No Commission on Standard Accounts
XM is a well known forex and CFD broker with over 20 million clients in 190 countries. The company is regulated by multiple authorities, including the FSC in Belize, CySEC in Cyprus and the DFSA in the UAE.
XM offers over 1,400 CFDs spanning forex, shares, commodities, indices, metals, energies and cryptocurrencies. The broker offers competitive trading conditions, with spreads starting from 1.6 pips on the Standard account. XM’s Ultra Low accounts feature even tighter spreads, starting from 0.8 pips, and neither account type charges a commission. Trading is available on MetaTrader 4, MetaTrader 5 and the XM app.
75.12% of retail investor accounts lose money when trading CFDs with this provider.
Exness: Alternative With Raw Spread and Zero Accounts
Exness is one of the largest retail forex brokers by trading volume, serving traders from over 130 countries. It is regulated by the FSCA in South Africa, the CMA in Kenya and the FSA in Seychelles, among other regulators.
Exness offers CFDs on forex, metals, cryptocurrencies, energies, indices and stocks, and supports MetaTrader 4, MetaTrader 5 and its own Exness Terminal and mobile app.
Exness offers several account types. Spreads on the Standard account start from 0.2 pips on major currency pairs with no commission charged, and the Standard Cent account also charges no commission, with spreads from 0.3 pips on major currency pairs. Its Raw Spread and Zero accounts offer spreads from 0.0 pips and charge a commission per lot instead.
Your capital is at risk. Leveraged products may not be suitable for everyone.
Closing Remarks
Regulatory requirements and business decisions are the reasons eToro does not accept clients from some countries. Because the list changes over time, eToro's registration process is the most reliable way to check whether it accepts you, and it is worth confirming that eToro is regulated in your country before you open an account.
If eToro is not available to you, the alternatives above are worth comparing. Make sure the broker you choose suits your trading needs and is regulated for clients in your country.
Frequently Asked Questions
eToro says it restricts some countries because of regulatory requirements and business decisions. eToro is not regulated in every country, and it decides whether to accept you when you register, based on where you live.
No. According to eToro, Nigeria, Kenya, India and Turkey are all on its list of countries it does not accept clients from.
No. eToro verifies your identity and address when you open an account, so a VPN does not change where you are registered. Giving false information about where you live breaches eToro's terms and can lead to your account being closed.
Pepperstone, XM and Exness are solid alternatives with a similar offer. Pepperstone supports MT4, MT5, cTrader and TradingView, XM charges no commission on its Standard and Ultra Low accounts, and Exness offers Raw Spread and Zero accounts. Check that the broker you choose is regulated for clients in your country.
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. 55% 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.
Crypto investments are risky and may not suit retail investors; you could lose your entire investment. Understand the risks here https://etoro.tw/3PI44nZ
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.
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