CAN I TRADE WITH ETORO IN AUSTRALIA?
eToro is a well regulated Broker offering one of the most popular Trading platforms globally and, yes, eToro opens accounts to clients residing in Australia, both locals and expats. In fact, by July 2020, there were 8320 active Traders with Australian residence at eToro (publicly sharing their portfolios). eToro grants Australian residents with access to CFDs on +47 Forex pairs, +1900 Shares and ETFs from Major Stock Exchanges, 13 Major Indices, 17 Cryptocurrencies, 13 Commodities and many Thematic Portfolios and Trading Ideas. So, go ahead and click on the website's link below and try the FREE Demo Account.
ETORO FOR AUSTRALIAN RESIDENTS: LEADING SOCIAL TRADING PLATFORM
As mentioned previously, eToro is a Trading platform allowing investors to Trade on +2000 financial instruments. eToro’s most popular feature is CopyTrader, a functionality on it's Trading Platform that allows you to view what real traders are doing in real time and copy their trading automatically. Opening a Trading account from Australia is quite easy, you just need to upload an ID (Driver's License or Passport) and a Utility bill through eToro's platform. eToro enables clients to deposit (Minimum amount is $200) and withdraw using a variety of payment methods, such as wire transfers, credit cards, and eWallets like Skrill.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.