eToro is a well regulated Broker offering one of the most popular Trading platforms globally. Unfortunately, No, eToro does not open accounts to clients residing in Armenia, if you wish to Trade on Financial Instruments you will need to find another Trading Plaftorm. However, do not be disappointed by this. We have done the work for you and searched for a similar type of Broker available to Armenian residents with access to CFDs on Financial Instruments (Forex pairs, Shares, Crypto and Indices). We believe that you will probably interested to check out Pepperstone's Trading Platform, which is a global Broker too, and a great alternative to eToro for Traders in Armenia.
PEPPERSTONE: TRADING PLATFORM FOR TRADERS IN ARMENIA [AN ALTERNATIVE TO ETORO]
Pepperstone is a Forex and CFD Broker from Australia. The company was established in 2010 in Melbourne and as of 2020, the company has clients in over 150 countries. Pepperstone handles an average of $125.5 billion in trading orders per day, meaning that it is one of the world's largest FX brokers. Offering Low commissions and tight spreads, Pepperstone raised as one of the fastest growing Brokers worldwide. ¿Concerned about who's regulating Pepperstone? Well, they are heavily regulated in Australia, the UK, UAE and Bahamas, so, it is fair to say that it is a trustworthy Broker. Opening a Trading account from Armenia is quite easy, you just need to upload an ID and a Utility bill through Pepperstone's App. Long story short, Pepperstone is a great alternative Broker to eToro, and most importantly, it's available to local Traders.
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.