It is possible that you are trying to open an Etoro account from Pakistan and you are wondering if etoro is banned in pakistan or not?
What is Etoto?
Etoro is world’s most famous social trading platform. Where you can trade stocks, ETFs, commodities, cryptocurrencies etc. The best feature etoro has is the ability to copy other people. This way you can invest and trade by just copying someone who is experience in trading.
Is Etoro Banned in Pakistan?
First of all let me tell you trading is not banned in Pakistan. In fact many brokers offer accounts for trading from Pakistan. Pakistan has many local brokers. Many other foreign brokers also offer accounts.
Recently Etoro updated a list of countries where it is blocked. According to this list Etoro is banned in Pakistan.
Why etoro is blocked in Pakistan?
There can be many reasons for this. It can be SECP guidelines which banned Etoro. Etoro also provides cryptocurrency servies. State Bank has issued a warning against cryptocurrency trading. Another reason Pakistan authorities might have banned Etoro is because a lot of people lose money while trading. So to safe guard it is citizen’s Pakistan may have banned Etoro.
Etoro Demo account in Pakistan.
If you will like to learn etoro copy trading. You can still open a demo account in Pakistan. This way you can experience etoro services. However your account will not get verified.
What can you do to trade in Pakistan?
Your best bet will be to find an alternative trading platform.
Both these brokers are well regulated by international authorities.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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