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 Malawi, 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 Malawian residents with access to CFDs on Financial Instruments (Forex pairs, Shares, Crypto and Indices). We believe that you will probably interested to check out XM's Trading Platform, which is a global Broker too, and a great alternative to eToro for Traders in Malawi.
CAN I TRADE WITH ETORO IN MALAWI?
XM is a Forex and CFD broker with one of the largest market penetration rates because it provides a large number of currency pairs and CFDs on international financial instruments like stocks, indexes, metals and energy. These instruments are available through MetaTrader 4 and 5, two of the most popular Trading Platforms worldwide. XM has more than 2.5 million accounts from clients all over the world and is aimed at beginners and professional investors. A cool thing about XM is that it offers a USD 30 bonus for new accounts [The bonus doesn't require you to deposit money in advance]. So, go ahead, claim the bonus, and try XM, it is indeed a great alternative to eToro for local clients. By the way, opening a Trading account with XM from Malawi is quite easy, you just need to upload an ID (Chipaso cha Nzika or Passport) and a Utility bill through their App.