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 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 available in a growing number of U.S. states. As of the latest update from their official website, eToro operates 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 |
During a short stint in Nevada, I was disappointed to find out that eToro wasn't available. It made me realize the importance of checking platform availability before moving. 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 |
From my interactions with other traders and some 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.
Given my positive experiences with this online brokerage, I'm optimistic about their expansion. While they don't disclose specific plans, the buzz in the trading community suggests they're always working on expanding their reach, 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 considering a move or 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.
About Nadav Zelver
