Is eToro available in Pakistan?
Asked 4 years ago
All of my capital is at risk! I am moving to Pakistan, but I'm not sure if I can have access to my eToro account from there. Does anyone know whether I can use eToro in other countries? If not, what's the best trading platform in Pakistan? TIA
Avik Das
Saturday, July 03, 2021
eToro is available in many major countries in the world. But, unfortunately, isn't accessible in Pakistan at the moment. Pakistan blocked eToro last year. However, you can test the demo account of eToro in Pakistan but you won't be able to do any trading with the actual money. You might have to look for other feasible options in Pakistan.
Andrew Moran
Tuesday, July 27, 2021
Unfortunately, eToro is not available in Pakistan. The company does not open trading accounts to residents living in this country due to regulatory issues and how restrictive the market is when it comes to investing.
Under financial regulations, the Pakistani government requires brokerage providers and firms to register with the government. Since this is a relatively smaller market, eToro could not sustain this investment and the necessary resources.
There are other options for residents in Pakistan:
- Interactive Brokers
- AvaTrade
- XM Group
- Saxo Bank
- FP Markets
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