eToro expands its offering of trading instruments for users in Brazil. The broker adds stocks, EFTs, CFDs, copy trading, and Smart Portfolios, except FX CFDs.
Leading global broker, eToro, has expanded the list of asset instruments that Brazilian clients can trade. Previously, Latin American clients who joined eToro after February 28, 2022, could only open trading positions in Brazilian real-based crypto assets. However, with this update, traders can trade stocks, Exchange-Traded Funds (ETFs), and Contracts For Difference CFDs, excluding CFDs on currency pairs due to Brazilian regulatory requirements.
CFD trading is not allowed in several jurisdictions around the world. CFD trading is allowed in the United States, but citizens are enabled from trading CFDs. In addition, CFD trading is permitted in Australia but is heavily restricted. The Australian Securities and Investments Commission has reduced the allowable leverage from 500:1 to 30:1 in 2021.
On its website, eToro announced, "All trading instruments and services are open in Brazil, except for currency pairs that are not active in the region. If any of these changes occur in the future, we will let you know."
In addition, the Israeli broker's clients in Brazil can use the copy trading feature and invest in its Smart Portfolio, except for copying forex instruments.
The Smart Portfolio and copy trading features were developed after eToro introduced its AI-powered Smart Trading Portfolio to US users. The US AI Investor Portfolio exposes individual traders to 12 high-growth US stocks.