<p>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. </p><p>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 <a href=”https://www.financemagnates.com/terms/f/forex/” class=”terms__main-term” id=”6faa6714-7f7b-4d23-b1c5-c0d40807d613″ target=”_blank”>forex</a> CFDs. </p><p>“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 <a href=”https://www.etoro.com/posts/0__entry__d9e53076-32c5-472f-a24e-45c82bd92e05″ target=”_blank” rel=”follow”>published</a> on its website.</p><p>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.” </p><p>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.</p><p>The new development comes days after eToro introduced an artificial
intelligence-based <a href=”https://www.financemagnates.com/fintech/etoro-introduces-ai-powered-porfolio-that-targets-high-growth-us-firms/” target=”_blank” rel=”follow”>smart trading portfolio</a> 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.</p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
