Is eToro available in HK?

First, locals ask about the availability of eToro, and the answer is Yes, eToro is available to clients who live in Hong Kong.

What is eToro

eToro is an online broker that offers one of the top trading platforms worldwide. Founded in 2007, the company is headquartered in Cyprus. eToro is the top Social Trading platform: It allows investors to research other users' investment strategies. When saying investment strategies, we are not only referring to general parameters but practically all traders' investment history, orders, traded financial assets, and track records (Earnings or historical losses).  With all this available info, eToro allows users to "Copy" other users' portfolios and, in turn, will enable one to be copied by other users (as long as the profile is set up as public). This means that you may attract traders to invest in your trading strategies, which in turn generates commissions.

Is eToro a trustworthy broker?

eToro is regulated in the UK, US, Cyprus and Australia:

• eToro (UK) Ltd. is regulated by the Financial Conduct Authority (FCA),

• eToro (Europe) Ltd. is regulated by the Cyprus Securities and Exchange Commission (CySEC) and retains a cross border license from the CySEC to offer its services in member states of the European Economic Area, and outside of it.

• Member of the NFA (National Futures Association).

• eToro USA is operated by eToro USA LLC, registered with FinCEN as a Money Services Business.

• eToro Australia Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC).

UK's FCA is considered the strictest regulator globally, implying that eToro is a very reliable Broker since it has to comply with robust regulations on its operation and customer care. Traders from Hong Kong would fall under the Australian entity.

eToro's CopyTrader Platform

Since eToro's Social Trading platform was launched in 2010, it has incorporated many improvements, including the chance of choosing the leverage level of each trade and the opportunity that any average Joe may receive commissions when copied by other investors [By becoming a 'Popular Investor']. eToro's Trading platform also allows 'copying' thematic portfolios in the "CopyPortfolios" section. Among some thematic portfolios available, some invest in Cryptocurrencies, Medicinal Cannabis, Travel Industry, BioTech, Internet, Drones, among many others.

Bid and Ask order types available on eToro's Platform

When trading any financial instrument, eToro's Trading platform allows the following functionalities:

• Take Profit: When using this functionality, you may specify a maximum value when the trade should be closed automatically. In other words, if a financial asset rises, the trader can "protect the profits" by cashing in the profits.

• Stop Loss: Alternatively, when using the Stop Loss functionality, a minimum price should be specified at which the position traded on the financial instrument should be closed automatically. In other words, if the financial asset's price falls, the trader can minimise the losses of the trade to the specified price level.

• Limit Order: You may use a limit to buy or sell a stock at a specific price or better. A buy limit order is executed at the limit price or lower, and a sell limit order is completed at the limit price or higher.

• Leverage Level: eToro's platform allows Traders to choose each trade's leverage level. Depending on the instrument, the level of available leverage will vary. In particular, when you select leverage level 1 for equity markets, you are acquiring an instrument as you would obtain the actual stock.

Forex & CFD instruments offered by eToro (Including HK's)

Forex: +47 currency pairs – Majors, minors, and exotics. Regarding the HKD, eToro only offers the USDHKD pair, so if you are a Forex trader, eToro is probably not the best option you will have available.

Stocks: eToro offers +1,800 CFDs on Stocks from 12 major Stock Exchanges, among which are the New York Stock Exchange and Nasdaq, two of the most popular Stock Exchanges among locals. Also, eToro offers CFDs on 112 shares that trade in the HK Stock Exchange, like Tencent, Ping An Insurance, and Agricultural Bank of China, to name 3 of the most traded ones.

ETFs: CFDs on 145 ETFs from iShares, Vanguard, PIMCO, Invesco, Market Vectors, and Horizons, among other asset managers.

Commodities: CFDs on 13 commodities, Gold and Oil the most popular among traders.

Indices: 13 major stock exchange indices.

Cryptocurrencies: CFDs on 17 cryptocurrencies.

Thematic Portfolios: eToro offers CFDs on 19 Trading ideas [Portfolios] like Food And Drink, eSports, 5G, among others.

Social Trading: As mentioned before, eToro offers the possibility of acquiring portfolios developed by other traders using the platform via its 'CopyPortfolio' feature.