I live in Ísland, Can I open an Account with eToro?
Let me guess: You've probably gone into Google and searched for "eToro Ísland" 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 Ísland. eToro will allow you to test the Demo, but you won't be able to open an account with Real Money. They did accept local clients, but as of December 2020, they don't anymore. If you are looking for another broker to trade with, you might want to try out AvaTrade, a well-renowned EU broker with many FX pairs and CFDs on Shares, Crypto, Commodities and Bonds.
Hey, 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).