Can you trade on eToro in Zambia?

At the time of writing this blogpost eToro in Zambia was not acceptable. You can create an account with eToro but your trading profile will not be completed hence not available. The reason given is that the eToro services are not available in Zambia.

We do not accept clients from your region. For more information please contact the Customer Service team

Warning on eToro platform

What is eToro

According to brokerchooser eToro is a well-known Israeli fintech company, a social trading broker, that was established in 2007.

eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC) regulated entity.

All other customers, including Zambia when services are available, are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its site and does not have a bank parent.

eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech company.