Introduction
Are you a Finnish citizen eager to dive into the world of trading and investing? Look no further than eToro, a globally recognised and regulated trading platform, now available to you in Finland. Here is a comprehensive guide to help you understand everything you need to know about eToro and how it operates in Finland.
| 🇫🇮 Accepts Finn Traders | Yes |
| 💰 Minimum Deposit | $50 |
| 🛍️ Market Types | Stocks, Commodities, Currencies, Indices, Crypto, ETFs |
| 🏛️ Regulation | Cyprus Securities Exchange Commission (CySEC) |
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro Regulation in Finland: How Does It Work?
eToro operates in Finland under the aegis of eToro (Europe) Ltd., a financial services company regulated by the Cyprus Securities Exchange Commission (CySEC) under license #109/10. This certification permits eToro to extend its operations to Finland among other European countries.
Whether you live in Lapland, East Finland, the West Coast, Central Lakeland, the Archipelago of the southwest, or Southern Finland, all Finnish citizens of legal age can create an account and start trading with eToro.
Does eToro Have a Physical Presence in Finland?
While eToro doesn't have a physical office in Finland, this does not impact excellent service to Finnish clients. The primary office of eToro (Europe) Ltd. is situated in Cyprus at:
eToro (Europe) Ltd.
4 Profiti Ilia Str., Kanika Business Centre
7th floor, Germasogeia, 4046
Limassol, Cyprus
 Ltd, address on Google Maps.jpg)
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro Finland Phone Number
eToro does not have a Finland-based contact number, but you can still get in touch with their customer support in the following ways:
- Support ticket: Submit your query via a support ticket using your registered email address.
Opening a new ticket with eToro - Live chat: Available 24/5, Monday to Friday.
eToro live chat - Email: Reach out directly to [email protected]
To access these channels, all you have to do is visit etoro.com/customer-service.
Deposit Options for Finns
As a Finnish user, you can fund your eToro account using:
- Credit/debit cards
- Trustly
- Bank transfer
- PayPal (only available after the 1st deposit)
Remember: All transactions are processed in USD, so EUR deposits will automatically be converted to USD, and a small conversion fee will apply.
Minimum Deposit for Finland Residents
Your initial deposit to start trading is $50 (about €46), and the same applies to further deposits. However, a minimum deposit of $500 is required for bank transfers.
Fees for Finland Clients
The fees applied to Finnish traders on eToro align with those for other countries. For instance, an overnight fee is charged for maintaining a CFD position open over the weekend. Furthermore, a $10 monthly fee is applied to accounts that have been inactive for a year.
Withdrawal Fees for Finland Traders
To withdraw funds from your eToro account, a minimum of $30 is required, and a fixed $5 fee applies to each withdrawal, regardless of the withdrawn amount.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Trading OMXH Stocks on eToro
eToro provides a variety of Finland's leading companies from diverse sectors like finance, telecoms, mining, consumer goods, and real estate. Some of the OMXH (formerly Helsinki Stock Exchange) listed stocks available are:
- Neste Oyj (NESTE.HE)
- KONE Oyj (KNEBV.HE)
- Nokia Corp. (NOKIA.HE)
- Fortum Oyj (FORTUM.HE)
- SSAB AB ser. A (SSABAH.HE)
- UPM-Kymmene Oyj (UPM.HE)
- Huhtamaki Oyj (HUH1V.HE)
- Nokian Renkaat Oyj (TYRES.HE)
- Kesko Oyj B (KESKOB.HE)
- Sampo Oyj A (SAMPO.HE)
- Metso Corporation (METSO.HE)
- Wärtsilä Oyj Abp (WRT1V.HE)
- Elisa Oyj (ELISA.HE)
- Metsa Board (METSB.HE)
- Konecranes Oyj (KCR.HE)
- Orion Oyj Class B (ORNBV.HE)
- Valmet Corporation (VALMT.HE)
- Stora Enso Oyj (STERV.HE)
- Cargotec Oyj (CGCBV.HE)
- Outokumpu Oyj (OUT1V.HE)
Remember, actual stock trading is available without leverage, while leveraged positions are treated as CFDs.
Helsinski Stocks - Did You Know?
All stocks listed on the Nasdaq Helsinki have a '.HE' suffix, making them easily identifiable as Finnish stocks on the eToro platform.
Registration for Finland Residents
The registration process for Finnish users on eToro is straightforward. You will need to provide a preferred username, email, and password.
Note: Make sure you agree to eToro Europe Ltd.'s financial terms, disclosure statement, and services guide - this is the company regulated by CySEC that you'll be dealing with.
Top eToro Finn Traders
eToro's Popular Investor program boasts several successful Finnish traders, some of whom have been using the platform since 2020.
| Trader | Username | Popular Investor Level |
|---|---|---|
| Ossi Tapani Pehkonen | @ossipehkonen | Cadet ★ |
| Aleksi Tuuri | @tuuriinvesting | Cadet ★ |
| Marko Matinlauri | @spetvel | Cadet ★ |
Here's a performance graph comparing their progress from 2020 to 2022.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro Finland Stats
According to eToro's Q4 2022 Investor Update (March 2023), out of 2.8 million funded accounts, 71% belong to the Europe & UK region, including Finland, as of December 31, 2022.
Frequently Asked Questions (FAQ)
Can Finns trade on eToro?
Yes, individuals residing in or hailing from Finland are eligible to trade on eToro. As a worldwide online trading platform, eToro caters to numerous countries, Finland included. Finnish traders can create an eToro account, add funds, and commence trading across a multitude of asset classes such as stocks, digital currencies, commodities, foreign exchange, among others.
What are the fees on eToro for Finns?
Much like with other nations, eToro applies a uniform fee structure across its services, encompassing trading, withdrawal, conversion, and inactivity fees. To illustrate, a fixed $5 fee is applied to all withdrawals, irrespective of the user's home country.
How do I open an eToro account in Finland?
Here's the procedure to set up an eToro account if you're in Finland:
- Visit www.etoro.com and select the "Join Now" option.
- Establish a unique username and password for your eToro account, and provide your email address.
- Authenticate your email address by using the verification link or inputting the code sent to your email by eToro.
- Fill in the eToro application form with additional details such as your residential address and birth date.
To authenticate your account, submit a scanned copy of your government-issued identification. Please note that eToro may request further documents or details to verify your identity or adhere to regulatory standards. Additionally, before initiating an account, ensure to thoroughly review and understand eToro's terms of service.
What documents do I need to verify my eToro account in Finland?
To validate your account, you are required to provide a scan of your state-issued identification, proof of residence, and potentially, a self-taken photo where you are holding your ID or a distinct code.
What can I trade on eToro if I am from Finland?
You can trade forex, commodities, stocks, indices, cryptocurrencies, and ETFs. The platform offers over 3000 instruments.
Does eToro offer demo accounts in Finland?
Yes, Finnish residents who successfully establish an account also gain access to a complimentary demo account.
How can I find successful Finn traders to copy on eToro?
Should you wish to replicate the trades of successful Finnish eToro traders, utilize the platform's CopyTrader function and adjust the search filter to display only traders from Finland. Additionally, you can tailor the filter based on trading style, results, risk score, among other factors, to locate traders that align with your trading approach.
What trading platforms does eToro offer in Finland?
Finnish users can access eToro's web-based platform and mobile app (compatible with Android or iOS).
If you're a Finnish resident eager to embark on your eToro trading journey, feel free to get started here!
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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.