*Your capital is at risk.
eToro is a social trading and CFD broker established in 2007. It began as a general trading platform, but has since added cryptocurrency trading to keep up with changing markets and growing demands.
Fact: There are currently over 10 million users registered with eToro.
Type of brokerage
So is eToro a market maker or A dealing desk? The answer is neither of the two.
eToro is true STP (straight through processing) broker. What makes STP brokers a better choice is that its best interest is for all of it’s traders to do well with their trades which would benefit them as well.
With this model of business, they want their traders to generate them more positions to pass which will in turn deliver them better spread margins.
Is eToro regulated?
It’s oversight and regulatory needs are under the following:
- eToro AUS Capital Pty Ltd.
Licensed and regulated by the Australian Securities and Investments Commission (ASIC)
- eToro (Europe) Ltd.
Regulated by the Cyprus Securities and Exchange Commission (CySEC)
- eToro (UK) Ltd.
Authorised and regulated by the Financial Conduct Authority(FCA)
*Both eToro Europe and eToro UK are in compliance with the Markets in Financial Instruments Directive (MiFID).
Note: Upon sign-up, the Terms and Conditions will state which entity and regulation is applicable to you and you have to agree to this to complete the registration process.
What countries is eToro available?
eToro accepts investor from all European countries. It does not accept users from: USA, Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Sudan and Syria.
How to open an account?
Go to the website and click “Join Now”. Fill in the required details and fund your account.
Remember: You have to be at least 18 years old or at the age of legal consent to engage in financial investment activities under the jurisdiction of your country to be able to sign-up.
After funding your account, you will be redirected to a page to verify your account. You can choose to click the Verify Now or Verify Later buttons.
To verify your account, you need to submit a copy of your passport and a valid utility bill to prove your identity.
It can take a few days to complete the verification process and you will be notified about its status. Once you are verified, your username will have a green check on your profile.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.