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Wikitoro author Wikitoro Team Written by Wikitoro Team
Wikitoro fact checker Nick Zelver Fact checked by Nick Zelver
Updated Feb, 2024

Introduction

Being an investor who has extensively used eToro from Bahrain, I've crafted this guide to specifically address the needs and questions of traders who are based on this country. My journey with this broker, enriched by the unique financial landscape of Bahrain, has provided me with valuable insights that I am eager to share.

This guide, a blend of personal experience and thorough research, is designed to offer Bahraini investors a clear, reliable, and up-to-date understanding of trading on the website or app. It's a reflection of my commitment to helping fellow residents and citizens navigate the platform with confidence and expertise.

Key details for Bahrain residents of eToro
🇧🇭 Accepts Bharaini Traders✔️
💰 Minimum Deposit $200
🛍️ Market TypesStocks, Commodities, Currencies, Indices, Crypto, ETFs
🏛️ RegulationSeychelles Financial Services Authority (FSA)

Open an account!

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

 

Is eToro Regulated in Bahrain?

eToro is authorized to operate in Bahrain through eToro (Seychelles) Limited. This entity is a licensed financial services company overseen by the Seychelles Financial Services Authority (FSA) as a Securities Dealer under the Seychelles Securities Act, 2007 (licence number SD076).

[eToro account with Bahrain flag profile picture]

From Al Hadd to Sitrah, and from Al Manamah to Juzur Hawar, residents across Bahrain who meet the legal age requirement can register and commence trading with eToro.

 

Does eToro Have an Office in Bahrain?

While eToro doesn't have a direct physical presence in Bahrain, it still effectively offers its services to residents of the country. eToro (Seychelles) Limited operates from its main office located in Seychelles at the given address:

eToro (Seychelles) Limited

eToro Suites, S45 2nd Floor, Espace Building

Victoria, Seychelles

 

eToro Bahrain Phone Number

eToro doesn't offer a specific local phone line for Bahrain-based clients. Yet, they have several accessible customer support channels:

  • Support ticket: After logging in, users can raise a query using their registered email. 
  • Live chat: This feature is active 24/5, exclusively on weekdays. 
  • Email: Directly send your concerns or questions to support@etoro.com without needing a separate contact form.

The first two methods can be found on the Customer Service Center page or by navigating to: etoro.com/customer-service

 

Platform

What I liked about the platform is that it's versatile and is available both through a web browser and as a downloadable app for Android or iOS devices, including iPhones and iPads. Whichever interface you opt for, you'll find consistent features and functionalities across them.

For native Arabic speakers, there's an added convenience. The platform offers an option to switch to Arabic (العربية). To make this change, navigate to 'Settings', select the 'General' sub-menu, and there you'll find the language preferences, including Arabic.

 

Deposit Options for Bahrain Traders

For those in Bahrain looking to fund their eToro accounts, the platform offers these deposit options:

  • Credit/debit cards
  • NETELLER
  • Skrill
  • Regular bank transfer

All transactions on this platform are handled in USD. Hence, when you transfer funds in Bahrain Dinar (BHD), the amount will be automatically exchanged to USD, with a nominal conversion charge applied.

 

Minimum Deposit for BH Residents

To commence trading, an inaugural deposit of $200 (approximately 81 BHD) is necessary. For subsequent deposits, the threshold reduces to $50 (about 19 BHD). Yet, for those opting for standard bank transfers, a minimum deposit of $500 (roughly 190 BHD) is mandated.

 

Fees for Bahrain Clients

eToro's fee structure for traders in Bahrain aligns with that for traders from other countries. For instance, maintaining a CFD position over the weekend incurs an overnight fee at a standard rate, irrespective of the trader's home country.

 

Withdrawal Fees for Bahrain Traders

The minimum withdrawal amount is set at $30. Each withdrawal carries a consistent fee of $5, regardless of whether you're withdrawing $30, $100, or $500. This fee remains flat at $5 for every transaction.

 

Trading Stocks on eToro

At the moment, this platform doesn't offer trading options for stocks listed on the Bahrain Bourse (Bahrain Stock Exchange). However, they facilitate trading for shares of Saudi Aramco, found on the Tadawul stock exchange, which could be of interest to those inclined towards Arabic market shares.

Furthermore, eToro presents an extensive array of stocks from international exchanges, which includes, but is not limited to:

  • NYSE
  • NASDAQ
  • London
  • Hong Kong
  • Frankfurt
  • Paris
  • Zurich
  • Madrid
  • Milan
  • Stockholm
  • Amsterdam
  • Oslo
  • Copenhagen
  • Helsinki
  • Brussels
  • Lisbon
  • OTC Markets
  • Saudi Qatariia
  • Chicago

Note that direct stock trading on eToro is offered without the incorporation of leverage. Stock positions that employ leverage are classified as CFDs, standing for Contracts for Difference.

 

Registration for Bahrain Residents

The registration procedure for Bahrain residents is consistent with that for traders from other countries. First, you'll be asked to provide a preferred username, email, and password.

It's essential to agree to the financial terms, disclosure statement, and services guide presented by eToro (Seychelles) Limited. As this entity is FSA-regulated and sanctioned to cater to traders in your area, it's crucial to confirm you're engaging with the right company.

 

Top eToro Bahrain Traders

Currently, several notable traders from Bahrain are part of the eToro Popular Investor program. These traders typically have a risk score between 2-6, with the most experienced among them trading since 2018:

Bahrain's best traders on eToro
TraderUsernamePopular Investor Level
Abdulrahman Salem@trojanetoChampion
Dian Hanekom@hanekomdjCadet
eToroBH@etorobhNone

 

eToro Bahrain Stats

According to eToro's Q4 2022 Investor Update from March 2023, the platform reported 2.8 million funded accounts. Of these, 4% were associated with the Middle East and Africa, a region that encompasses Bahrain, as recorded on December 31, 2022.

 

Frequently Asked Questions (FAQ)

Can residents of Bahrain trade on eToro?

Yes, individuals residing in Bahrain can engage in trading via eToro. As an international online trading platform, eToro extends its services to numerous countries, Bahrain being one of them.

What are the fees on eToro for Bahrain traders?

Consistent with its global fee structure, eToro applies uniform charges across various services such as trading, withdrawal, conversion, and inactivity fees, irrespective of the user's country. For instance, a standard $5 fee is levied on every withdrawal, no matter the user's geographical location.

How do I open an eToro account in Bahrain?

To set up an eToro account, follow the following procedure:

  • Navigate to eToro's official website at www.etoro.com and select the "Join Now" option.
  • Establish a unique username and password, and input your email address.
  • Confirm your email by selecting the verification link dispatched to your inbox by eToro.
  • Fill out the eToro registration form, detailing specifics like your residential address and birth date.
  • Submit a scanned copy of a government-approved ID for account validation.

Be aware that they might request supplementary documents or details to authenticate your identity or to align with regulatory stipulations. Always ensure you've perused and grasped the terms of service prior to account creation.

What documents do I need to verify my eToro account if I am from Bahrain?

For Bahrain residents verifying their eToro account, the following documents are typically required:

  • Government-issued ID: This could be a driver's license, national ID, or passport.
  • Proof of address: A document like a utility bill, bank statement, or tax record.
  • Payment method: If you're using a card or e-wallet, a copy of the card (both sides) or an e-wallet screenshot might be needed.
  • Selfie: Occasionally, eToro requires a selfie with your ID or a specific code/message.

The verification might take several days, and eToro could ask for extra documents. Ensure the provided documents are legible and consistent with your eToro account details.

What can I trade on eToro if I am from Bahrain?

For those in Bahrain utilizing eToro, a diverse array of trading instruments awaits. This encompasses foreign exchange (forex), commodities, stocks, market indices, cryptocurrencies, and ETFs. The platform presents over 3000 distinct assets.

Does eToro offer demo accounts in Bahrain?

Yes, after successfully establishing a live account, traders in Bahrain are granted access to a complimentary demo account.

How can I find successful Bahrain traders to copy on eToro?

For those keen on copying successful eToro traders based in Bahrain, utilize the platform's CopyTrader function. Adjust the search filter to display only Bahrain-based individuals. Further refine your search by adjusting parameters like trading style, performance, risk score, and other criteria to pinpoint traders aligning with your inclinations.

What trading platforms does eToro offer in Bahrain?

For eToro traders in Bahrain, every platform variant is available. This encompasses the browser-based interface accessible via web browsers, as well as the mobile application compatible with devices running on Android or iOS.

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. 76% 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

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.

Wikitoro author Wikitoro Team About Wikitoro Team

The Wikitoro Team is a dynamic group of five seasoned eToro traders who have been actively using the platform since 2018. As pioneers in establishing the Wikitoro wiki site, we are dedicated to ensuring the accuracy and reliability of the information we provide. Our team regularly verifies data and content from our authors and contributors, taking turns to meticulously review each piece. Our commitment is to offer our readers factual and precise information, reflecting our extensive experience and deep understanding of the eToro platform.

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