eToro starts accepting new clients from South Africa
Online broker eToro announced today that it starts accepting new clients from South Africa.
New users from South Afruca will be registered under eToro (UK) Ltd. This entity is regulated by the Financial Conduct Authority (FCA).
The broker has been gradually expanding across the globe. Earlier in June, eToro said it had received the long-awaited AMF (Autorité des Marchés Financiers) approval for registering as a digital asset service provider, pursuant to French law.
This means that all of eToro clients from France and French territories will be able to invest in non-leveraged crypto (BUY) positions as the underlying asset (REAL).
The broker notes that Sell and leveraged positions on crypto will be traded as CFDs. Also, eToro will not be converting existing positions from CFD to the underlying asset (REAL). Any existing CFD positions will remain as they are in your portfolio.