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Is eToro Available To Canadians?
No, eToro is not available to Canadians.
Is eToro coming to Canada?
This one is a little different.
eToro was open to Canadian residents after their launch in 2006, however they did not have the right registrations in place to be offering brokerage services in Canada.
In 2018, after a number of interactions with the OSC, they were fined and reached a settlement with the OSC.
eToro discontinued the ability for Canadians to use their service.
In fact, you can’t even access their website from a Canadian IP!
At this time, I highly doubt they will be re-entering the Canadian market.
What’s so good about eToro?
eToro allows it’s clients to trade crytocurrencies and CFDs in addition to regular stocks, ETFs etc.
They coin themselves as a social trading platform, with a social network built in, where traders can follow each other, see each other’s trades and more.
eToro is available in over 140 countries, including the US, Australia, much of Europe and more.
Alternatives to eToro for Canadians
Two good alternatives for Canadians are Wealthsimple Trade and Questrade, with each being on different ends of the spectrum.