Where Does eToro Legally Operate?

Is eToro legal and safe?

eToro is a trustworthy and legitimate platform that is well-known for being a social investing tool that enables users to increase their wealth and knowledge as a member of an international investor community. With millions of users worldwide, eToro is a multi-asset broker subject to numerous regulatory bodies.

The Financial Conduct Authority (FCA) oversees eToro in the UK (reference number 583263). The location of their UK office is on the 24th floor of One Canada Square, Canary Wharf, London, E14 5AB. The Financial Crimes Enforcement Network (FinCEN) has eToro USA LLC listed as a registered Money Services Business (MSB) in the United States (FinCEN #31000204884179). eToro USA LLC offers a platform for buying and selling cryptocurrencies to customers in the US. Its principal place of business and registered office are located at 221 River St., 9th Floor, Hoboken, NJ 07030.

Available eToro countries

eToro is available in more than 76 countries in regions including Europe, Asia, Africa, and Oceania. Below is a list of eToro countries.

• Brazil

• Malaysia

• Cyprus

• United Kingdom

• United States

• France

• Germany

• United Arab Emirates

• Uruguay

• Argentina

• Denmark

• Bangladesh

• Vietnam

• Colombia

• Costa Rica

• Thailand

• Australia

• Bulgaria

• Israel

• Italy

• Chile

• Belgium

• Austria

• Bolivia

• Gibraltar

• Estonia

• Finland

• Hong Kong

• Croatia

• Greece

• Romania

• Seychelles

• Czech Republic

• Hungary

• Iceland

• Dominican Republic

• Ecuador

• Ireland

• Mexico

• Monaco

• Kuwait

• Malta

• Martinique

• Lithuania

• Poland

• Spain

• Portugal

• Macau

• Latvia

• Sweden

• Norway

• Oman

• Netherlands

• New Zealand

• Peru

• Philippines

• South Africa

• South Korea

• Qatar

• Reunion Island

• Singapore

• Switzerland

• Taiwan

Which country is eToro banned from?

Access to eToro's services is restricted to users residing in specific jurisdictions or nations. Here are such countries:

• Turkey

• Afghanistan

• Belize

• Benin

• Angola

• Aland Islands

• Albania

• Algeria

• Belarus

• Bermuda

• Botswana

• Bouvet Island

• Cambodia

• Cameroon

• Canada

• Cape Verde

• Central African Republic

• Chad

• Tunisia

• Ukraine

• Vatican City

• Venezuela

• Vanuatu

• Virgin Islands (British)

• Wallis and Futuna

• Yemen

• Zambia

• Zimbabwe

• Bosnia and Herzegovina

• Chagos Islands

• China

• Russia

• Rwanda

• Comoros

• Gabon

• Gambia

• Congo Republic

• Cook Islands

• Cote d'Ivoire

• Crimea Region

• Cuba

• Curacao

• Democratic Republic of the Congo

• Djibouti

• Dominica

• Egypt

• El Salvador

• Equatorial Guinea

• Eritrea

• Ethiopia

• Georgia

• Ghana

• Burkina Faso

• Burundi

• Guatemala

• Guinea

• Guinea-Bissau

• Guyana

• Haiti

• Jordan

• Kazakhstan

• Heard Island and McDonald Islands

• Honduras

• Lesotho

• Liberia

• Libya

• Iraq

• Jamaica

• Japan

• India

• Indonesia

• Iran

• Kenya

• Montenegro

• Morocco

• Mozambique

• Kosovo

• Lebanon

• Togo

• Niger

• Nigeria

• Sudan

• Malawi

• Serbia

• Sierra Leone

• Maldives

• Swaziland

• Syria

• Trinidad and Tobago

• Pakistan

• Panama

• Saint Vincent and the Grenadines

• Saudi Arabia

• Senegal

• South Sudan

• Sri Lanka

Is stock trading risky?

Trading stocks involves inherent risks that stem from the dynamic nature of stock prices, which are subject to constant fluctuations. Numerous factors, such as geopolitical events, unexpected news, and economic conditions, affect these price movements. Understanding these risk factors is crucial for traders, as they directly impact earnings.

Another risk to consider is liquidity risk, which arises from low trading volumes, making it hard to carry out transactions at desired prices. Additionally, changes in interest rates can have a significant impact on stock prices and overall market dynamics. Currency exchange rate fluctuations further contribute to the complexity of trading foreign stocks.

For those using the eToro Trading app, implementing risk strategies is essential. Diversifying investments across various assets helps reduce exposure to the performance of a single stock. Establishing a risk-reward ratio and implementing stop-loss orders before initiating trades are effective measures to minimize potential losses.

Doing extensive research and a solid grasp of the market are essential before making any investment decisions. This includes staying informed about company updates, economic indicators, and market news. Rather than engaging in frequent and speculative trading, consider adopting a long-term investment strategy based on careful analysis and forecasting of future trends. This approach can contribute to a more informed and strategic investment journey.