- If you are a US citizen, eToro might not available in your area.
- The app is available in certain US states, though, and with some limitations. But you might be able to bypass them.
- You can find more articles on the same topic in our Trading Software page.
- And, by visiting our Business Software Hub, you'll certainly find some useful tool to help you in your area of expertise.
eToro is one of the pioneering platforms in cryptocurrency trading. Actually, eToro is a multi-asset platform, offering both investing in stocks and crypto assets, as well as trading currency pairs, Indices and Commodities via CFDs.
It offers the largest range of cryptos anywhere and is focussed on expanding this market whenever an established token reaches the mainstream.
Presently eToro is available in most European countries, Australia, and certain Asian territories. The full list of restricted territories can be found on eToro’s official website.
eToro has been available in the US since 2018 with a gradual rollout. At first, only the Virtual Portfolio was available. Since 2020, eToro started accepting traders from 42 US states, plus residents from the Northern Mariana Islands and the United States Minor Outlying Islands.
Yet, certain features are still disabled, such as the option to open sell trades. Also, users can’t comment on the News Feed.
For the same regulatory reasons that the platform is restricted, eToro is not available for US citizens living outside the USA.
With all the restrictions mentioned so far, it is still possible to try to access eToro in the US with the use of a VPN.
VPNs are the best solution to stay anonymous on the web (keeping your IP address and your identity private). They also offer an extra layer of protection in terms of your online activity.
What’s more, with a VPN, you can bypass geo-restricted content by adjusting your device location to appear as if you’d access the platform from one of the accepted countries.
We can recommend plenty of VPN options, but perhaps those dedicated to crypto trading are the best choice in this particular case.
Using a VPN will allow you to access Toro, create a free account, explore the platform, get a fully functional demo account with a $100,000 virtual portfolio, and explore trading strategies.
Further on, it’s up to you whether you want to continue the adventure and get a paid plan to benefit from the full features. Make sure to also be informed about the tax regulations applied.
We hope that this information was useful; any feedback is welcome, using the comments section below.
FAQ: Learn more about eToro
- Is eToro good for beginners?
eToro is considered very good for beginners, considering that it offers a demo account with a virtual portfolio. Plus, it is also one of the best trading apps on the market.
- Is eToro legal in the USA?
eToro is legal in some US states only, and with certain restrictions. Using a VPN should allow you to duck these restrictions.
- Where is eToro available?
eToro is available in most European countries, Australia, certain Asian territories, and most US states, but with some limitations.