Yes, eToro is available for users in the USA. It operates under the regulations of the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC), ensuring a secure trading environment. While US residents can trade various products like stocks, ETFs, and cryptocurrencies on eToro, there are certain restrictions on trading specific products.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal, "Virtual currencies are highly volatile. Your capital is at risk."
This well-known trading platform sparked my curiosity about its availability in the USA. To find out, I embarked on opening an account, sharing my journey to help fellow USA traders. Do take note that this applies to US citizens and residents only, and not generally individuals who are just visiting the country.
Starting at www.etoro.com, I browsed their offerings before registering. The sign-up process was very straightforward, requiring only a username, password, and email. Post-registration, I verified my account via email, which was a quick step to gaining full platform access.
The next phase involved completing a verification process, which was efficiently handled in under five minutes. This allowed me to make my first deposit, set at $10 for USA residents, and start exploring the platform's features. I successfully invested in stocks, ETFs, and cryptocurrencies like Bitcoin, confirming eToro's operational status in the USA.
Here's my observation: Throughout this process, I encountered no geo-blocking or restrictions and it fact, I remember during the sign-up process that my account will be under "eToro USA LLC". This affirms their presence in the USA.
This experience that I just shared validates that eToro is indeed available and fully functional for users in the USA, offering a range of investment opportunities. It's important to keep in mind though that even if you're able to open an account, you'd still need to complete the verification process and fund your account in order to trade on their platform.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.
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.