I live in Belgie, Can I open an Account with eToro?
Let me guess: You've probably gone into Google and searched for "etoro belgie" in the hope of a response to the question: "Is eToro, the Social Trading Platform, available to residents in the country?" Bad news: Unfortunately, eToro does not open Trading Accounts to residents in Belgie. eToro will allow you to test the Demo, but you won't be able to open an account with Real Money.
The reason is that the government has passed legislation, due to be effected since 2016 to ban all leveraged OTC derivatives, all binary options, and the sales method by which they are distributed, considering them to be “highly risky”, often not connected to the real economy and demonstrating a disdain for high pressure sales.
This means that if you wish to invest online, you will need to find another option (i.e. investment asset class). An online investment platform that does accept clients from Belgium is Mintos (www.mintos.com), which allows you to invest in loans issued to individuals and companies.
I don't want to open an account with eToro! I want to know what it is
Ok, in that case, eToro is an Online Broker, known for being the most important 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 trader's investment history, orders, traded financial assets, and track record (Earnings or historical losses).