You can access eToro as a US resident and open an account without any charges. If eToro isn't available in your state yet, you can still explore the platform using a virtual portfolio. They'll notify you as soon as they're ready to accept your deposits in your state.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal, "Virtual currencies are highly volatile. Your capital is at risk."
eToro welcomes US residents, but did you know that certain US states and territories aren't yet supported? If you're in the US and curious about your location's status, this updated guide is a must-read.
Please take note: The information below is intended for eToro USA traders only.
Here's some good news: The platform is now available in an increasing number of U.S. states. I delved deeper and discovered a dedicated page where you can find the most recent information on the states where eToro operates.
Based on the latest update from this page, they operate in the following states:
| Alabama | Louisiana | Oklahoma |
| Alaska | Maine | Oregon |
| Arizona | Maryland | Pennsylvania |
| Arkansas | Massachusetts | Rhode Island |
| California | Michigan | South Carolina |
| Colorado | Mississippi | South Dakota |
| Connecticut | Missouri | Tennessee |
| Delaware | Montana | Texas |
| District of Columbia | Nebraska | Utah |
| Florida | New Hampshire | Vermont |
| Georgia | New Jersey | Virginia |
| Idaho | New Mexico | Washington |
| Illinois | North Carolina | West Virginia |
| Indiana | North Dakota | Wisconsin |
| Iowa | Northern Marianas | Wyoming |
| Kansas | The United States Minor Outlying Islands | |
| Kentucky | Ohio |
On the other hand, here are some states where eToro is still working on getting approval:
| American Samoa | Nevada |
| Guam | New York |
| Hawaii | Puerto Rico |
| Minnesota | US Virgin Islands |
Based on my extensive research, I've come to realize the regulatory challenges platforms like eToro face. You see, each state has its unique requirements, and eToro has to ensure that they are in compliance with local financial authorities.
From having just about 174,000 users in 2008 to over 30 million currently, there's no doubt that this online brokerage is expanding its reach. While they don't disclose specific plans, the buzz in the trading community suggests they'll be able to cover more areas in the future, so if eToro is not yet supported in your local state or territory, fret not because it be available sooner that you think.
If your state isn't supported yet, don't worry! You can still sign up for an eToro demo account on their website. However, you won't be able to deposit funds due to state restrictions. In the meantime, use the demo account or Virtual Portfolio to get familiar with the platform. When eToro becomes available in your state, they'll notify you so you can start live trading with your first deposit.
If you're are new to trading and you're planning to invest with eToro, I'd recommend checking their availability in your state or locality for a hassle-free trading experience.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
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