eToro expands investment offering in Brazil
Online broker eToro is expanding the lineup of trading instruments available to its clients in Brazil. Effective immediately, eToro clients in Brazil will be able to invest in all asset types except for currency pairs.
Previously, users who registered on or after 28/02/2022 were only able to invest in real crypto positions.
Also, now Brazilian clients of the broker be able to use the CopyTrading functionality and invest in eToro’s Smart Portfolios if they wish to.
The broker explains that investment in FX CFDs in Brazil is not possible due to local regulatory requirements. Should this change in the future, eToro will issue an update.
For Brazilian clients of eToro, investing in the following assets types is now permitted:
- Stocks
- ETFs
- CFDs
- Crypto
- CopyTrading and Smart Portfolios
Please note that smart copy limitations will apply and users from Brazil will not be able to copy FX positions.