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 Somalia, if you wish to Trade on Financial Instruments you will need to find another Trading Platform.
However, do not be disappointed by this. We have done the work for you and searched for a similar type of Broker available to local residents with access to CFDs on Financial Instruments (Forex pairs, Shares, Crypto and Indices). We believe that you will probably interested to check out the following Trading Platform.
Compared to other CFD Brokers, AvaTrade stands out due to its ultra-low spreads and powerful trading platforms.
¿Concerned about who's regulating them? With licenses in the EU, BVI, Australia, Japan, South Africa, and UAE, Avatrade is one of the most heavily regulated Brokers available in the market. Offering a wide range of CFDs on Shares, Forex, Indices, Commodities, Crypto, and even Bonds, it is one of the top Brokers in terms of instrument offering. Moreover, its platform is remarkable, allowing Traders to operate on several Trading environments, MT4, MT5, and their internally developed ones, AvaTradeGo and AvaOptions.
This last one, AvaOptions, deserves a particular remark. If you have passed the beginner's line regarding trading knowledge, you can use options to hedge your strategy. Well, AvaOptions is one of the best Options Trading platforms available. It is truly remarkable, offering great risk management features that are easily viewable and automatic, making Options trading as accessible as possible.
Opening a Trading Account with Avatrade is very easy; you must upload a valid ID and a Utility bill through their App, and you are ready to go in a few days. So go ahead and check out this broker; you won't regret it.