eToro welcomes traders from over 100 nations, including Bahrain. If you're a Bahrain-based investor eyeing this broker, here's vital information to know before signing up and trading. Our guide offers detailed insights tailored for Bahraini residents exploring investment options with this broker.
|🇧🇭 Accepts Bharaini Traders||Yes|
|💰 Minimum Deposit||$200|
|🛍️ Market Types||Stocks, Commodities, Currencies, Indices, Crypto, ETFs|
|🏛️ Regulation||Seychelles Financial Services Authority (FSA)|
77% 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.
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.
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
eToro doesn't offer a specific local phone line for Bahrain-based clients. Yet, they have several accessible customer support channels:
The first two methods can be found on the Customer Service Center page or by navigating to: etoro.com/customer-service
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.
For those in Bahrain looking to fund their eToro accounts, the platform offers these deposit options:
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.
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.
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.
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.
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:
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.
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.
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:
|Trader||Username||Popular Investor Level|
|Abdulrahman Salem||@trojaneto||Champion ★|
|Dian Hanekom||@hanekomdj||Cadet ★|
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.
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:
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:
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. 77% 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.