eToro, an Israel-based social trading network, has expanded the list of
assets its users in Brazil can invest in. Users in the Latin American country
who were onboarded on or after 28th February last year could previously only
trade in cryptocurrency positions based on the Brazilian real.
However, with the new update, they can now additionally invest in
stocks, exchange-traded funds (ETFs) and contracts for difference (CFDs) with
the exemption of forex CFDs.
“All products and services in Brazil are now open. The only exception is
currency pairs which are disabled for this region,” eToro announced in an update published on its website.
eToro explained that it exempted forex CFDs in accordance with Brazil’s
regulatory requirements, adding that “should this change in future, we will
update you, as we always do.”
Additionally, eToro said its Brazilian users can now deploy its
copy trading feature to their trading activities as well as invest in
its Smart Portfolios. However, they will not be able to
copy forex positions, eToro pointed out.
The new development comes days after eToro introduced an artificial
intelligence-based smart trading portfolio to its users in the
United States. The portfolio, which is tagged ‘InvestorAI-US,’ offers retail
investors exposure to the stocks of 12 high-growth companies in the United
States.
CFD Trading across the World
Trading in CFDs is banned in several jurisdictions across the world
including in Belgium. However, they are
permitted in most of Europe under strict regulation. While CFD trading
on various assets is permitted in the UK, the country’s financial markets
regulator, the Financial Conduct Authority, in 2021 prohibited CFD trading on cryptocurrencies.
In the United States, citizens are forbidden from trading CFDs although
forex trading is permitted. Moreover, CFD trading is permitted in Australia
but is highly restricted. The Australian Securities and Investments Commission downgraded permitted leverage from 500:1 to 30:1
in 2021.
eToro, an Israel-based social trading network, has expanded the list of
assets its users in Brazil can invest in. Users in the Latin American country
who were onboarded on or after 28th February last year could previously only
trade in cryptocurrency positions based on the Brazilian real.
However, with the new update, they can now additionally invest in
stocks, exchange-traded funds (ETFs) and contracts for difference (CFDs) with
the exemption of forex CFDs.
“All products and services in Brazil are now open. The only exception is
currency pairs which are disabled for this region,” eToro announced in an update published on its website.
eToro explained that it exempted forex CFDs in accordance with Brazil’s
regulatory requirements, adding that “should this change in future, we will
update you, as we always do.”
Additionally, eToro said its Brazilian users can now deploy its
copy trading feature to their trading activities as well as invest in
its Smart Portfolios. However, they will not be able to
copy forex positions, eToro pointed out.
The new development comes days after eToro introduced an artificial
intelligence-based smart trading portfolio to its users in the
United States. The portfolio, which is tagged ‘InvestorAI-US,’ offers retail
investors exposure to the stocks of 12 high-growth companies in the United
States.
CFD Trading across the World
Trading in CFDs is banned in several jurisdictions across the world
including in Belgium. However, they are
permitted in most of Europe under strict regulation. While CFD trading
on various assets is permitted in the UK, the country’s financial markets
regulator, the Financial Conduct Authority, in 2021 prohibited CFD trading on cryptocurrencies.
In the United States, citizens are forbidden from trading CFDs although
forex trading is permitted. Moreover, CFD trading is permitted in Australia
but is highly restricted. The Australian Securities and Investments Commission downgraded permitted leverage from 500:1 to 30:1
in 2021.
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EToro, the world-leading social trading network, today opened up all asset classes to Brazilian users. This will enable the dynamic and expressive demographic to access various instruments, such as indices, stocks, ETFs, commodity, and so much more.
This follows the recent launch of eToro in Brazil, which was marked by a wave of praise from the South American country. Since then, the country has seen a surge in its demand for more financial options and access to international markets.
eToro’s entrance into the Brazilian market is firmly in line with the company’s mission of making the world a safer and more transparent place to invest. In order to provide unwavering potential for profit in a secure manner, eToro is introducing all asset classes to ensure that traders of all kinds can engage with various instruments to get the most out of their trading experience.
In addition to this, eToro has also exempted Forex CFDs from its Brazilian offerings. This will give traders in Brazil the ability to access leverage opportunities without adjusting to the more advanced regulatory environment surrounding Forex – allowing them to further capitalize on their investments.
With eToro’s entrance into the Brazilian market, traders have access to a wealth of trading opportunities, all within a safe and regulated environment. As the company progresses, eToro plans to explore other forms of innovation, such as cryptocurrency and automated trading, in order to open up even more possibilities for Brazilian traders.
In conclusion, eToro has opened up all asset classes to Brazilian users, while also exempting Forex CFDs, in order to give traders a safe and transparent platform to invest on. With the company’s continuous update of new services, Brazilian investors can look forward to even more trading opportunities in the near future.
