eToro Review 2026: Trading in Papua New Guinea

eToro was founded in 2007 and has grown into one of the world's most recognisable social trading brokers, with headquarters in Cyprus and offices in London, Tel Aviv, and Melbourne. For Papua New Guinea traders, eToro offers an easy way to speculate on forex, stocks, commodities, indices, and cryptocurrencies from a single USD account. The platform is completely web-based, which means no MetaTrader download is required, and it can be accessed from Port Moresby, Lae, or anywhere in PNG with a decent internet connection. eToro is particularly relevant for PNG retail traders because it accepts deposits through Skrill and USDT, both of which are practical alternatives to the limited png banking infrastructure for international wire transfers. The broker’s award-winning copy trading feature lets beginner traders in Papua New Guinea follow and automatically copy the portfolios of successful global investors, making it a strong option for people who are new to retail forex trading. While eToro does not have a physical presence in Papua New Guinea and is not regulated by a local authority, its global brand reputation and multi-regulator oversight give it a degree of credibility. Overall, eToro is best described as a user-friendly, all-in-one trading ecosystem rather than a traditional professional-grade forex broker, and that has both benefits and drawbacks for PNG users.

eToro provides an Islamic or swap-free account option, which is available to Papua New Guinea Muslim traders. The account is genuinely swap-free, meaning no overnight interest or rollover fees are debited or credited on open positions. However, eToro does not automatically add this option to every client; you must contact eToro's customer support team and request the Islamic account setting. It is important to note that some brokers widen the spread to compensate for the lack of swaps, but eToro generally does not apply extra hidden costs on top of the normal variable spreads. Still, you should be cautious because holding some leveraged positions for a very long time may result in other administrative charges. The conversion to an Islamic account is free and can be done at any time, but once activated, it may not be possible to switch back unless you close all open positions. For Muslim traders in Port Moresby or other parts of PNG, this feature allows them to trade in a Sharia-compliant way without giving up access to copy trading or the full range of instruments.