eToro is a forex broker registered in the UK in 2012, with its headquarters in London. This broker primarily offers trading services in financial derivatives such as forex, commodities, indices, stocks, exchange-traded funds, and cryptocurrencies to users. The broker provides services globally.
Company Background
eToro is a forex trading service provider, with its company registration entity being eToro (UK) Ltd, headquartered in London. The company was established on March 2, 2012, and according to Whois information, the domain name of eToro's official website was registered on November 26, 2004.
The enterprise also has subsidiaries in various locations:
- eToro (Europe) Ltd: A financial services company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), registered in Cyprus with registration number HE 200585. Its registered address is 4 Profiti Ilia Str., Kanika Business Centre, 7th floor, Germasogeia, 4046, Limassol, Cyprus.
- eToro AUS Capital Limited: A financial services company authorized by the Australian Securities and Investments Commission (ASIC) to provide financial services, with its registered address at Level 3, 60 Castlereagh Street, Sydney NSW 2000, Australia.
- eToro (Seychelles) Ltd: This company has permission from the Seychelles Financial Services Authority (FSAS) to provide brokerage services. Its registered address is eToro Suites, S45 2nd Floor, Espace Building, Victoria, Seychelles.
- eToro (ME) Limited: Authorized and regulated by the Abu Dhabi Global Market (ADGM) and the Financial Services Regulatory Authority (FSRA), with its registered and principal place of business at: Office 207 and 208, 15th Floor Floor, Al Sarab Tower, ADGM Square, Al Maryah Island, Abu Dhabi, United Arab Emirates (“UAE”).
Regulatory Information
eToro is a regulated forex broker, authorized and regulated by the UK Financial Conduct Authority (FCA) and holds a regulatory license, license number 07973792. The forex, commodities, indices, stocks, exchange-traded funds, and cryptocurrency-related services offered by eToro are strictly regulated by the UK Financial Conduct Authority (FCA).
Its subsidiaries are also regulated by regulatory bodies in various countries:
- eToro (Europe) Ltd: Authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), regulatory license number: 109/10.
- eToro AUS Capital Limited: Regulated by the Australian Securities and Investments Commission (ASIC), regulatory license number: 491139.
- eToro (Seychelles) Ltd: Has permission from the Seychelles Financial Services Authority (FSAS), license number SD076.
- eToro (ME) Limited: Regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA).
- eToro Money Malta Ltd: Authorized and regulated by the Malta Financial Services Authority (MFSA).
Company Milestones
- January 2007 saw the birth of eToro;
- September 2007, the Visual FX trading platform, was eToro's first iteration;
- May 2009, the WebTrader platform was launched;
- July 2010, OpenBook, the world's first social trading platform, won the 2011 Finovate Europe Best of Show Award;
- 2012, the eToro mobile application was launched;
- July 2013 saw the introduction of stocks;
- October 2015 introduced the new eToro, integrating trading functions into a single interface;
- February 2016 saw the launch of Smart Portfolios;
- February 2017 expanded into cryptocurrencies like Ethereum, Litecoin, and other popular cryptocurrencies;
- March 2019, US crypto platform;
- May 2019 launched 0% commission stocks to the world, with no management, administrative, or ticket charges;
- November 2021, eToro Money was launched;
- January 2022 saw the launch of stock investing in the US, offering a range of stocks and ETFs for fractional and commission-free investing to most states;
Trading Products
eToro offers a variety of trading products, including forex, commodities, indices, stocks, exchange-traded funds, and cryptocurrencies.
- Forex Trading: eToro enables investors to participate in the forex market, offering trading opportunities in various currency pairs. Investors can trade based on the price fluctuations of one currency against another.
- Commodities: The Contracts for Difference (CFDs) in commodities enable investors to potentially profit from the price fluctuations of raw materials and resources. Commodities include raw materials like crude oil, copper, and iron ore. CFDs in commodities allow investors to participate in various commodity markets without owning the physical goods.
- Indices Trading: eToro enables investors to trade based on the price movements of specific financial indices. These indices include stock indices, commodity indices, bond indices, etc., providing investors with opportunities to participate in the markets through trading these indices.
- Stock Trading: eToro allows users to trade a wide range of global stocks.
- Exchange-Traded Funds: eToro offers investors a flexible and comprehensive way to invest in the financial markets, with low entry points and no management fees.
- Cryptocurrency Trading: eToro offers various cryptocurrency trades to investors, including trading in Bitcoin, Litecoin, and other currencies.
Account Registration
The eToro official website offers two registration methods: real accounts and demo accounts:
- Real Account Registration: First, open the eToro official website and click “Sign Up” in the top right corner of the website.
Follow the steps to complete the account registration.
- Demo Account Registration: First, open the eToro official website, click on the dropdown menu “Trading” and select “Demo Account”.
Click “Let‘s Start”.
Follow the steps to complete the account registration.
Deposit and Withdrawal Methods
eToro offers a variety of deposit and withdrawal options, such as credit/debit cards, PAYPAL, NETELLER, SKRILL, RAPID TRANSFER, KIARNA/Sofort Banking, wire transfer, and Trustly. eToro does not support third-party payments. The withdrawal method and the account for withdrawal will be the same as the account used for deposit. After requesting a withdrawal to a credit card or via bank transfer, it may take up to 10 days to receive the funds. Withdrawals to PayPal, Neteller, Skrill, Trustly, and iDEAL can take up to two business days. The minimum withdrawal amount is $30, and the account must be verified. There is a processing fee for withdrawals; for withdrawals of $30, a $5 fee will be charged.
Customer Support
This broker offers 24/5 multilingual support, available through multiple channels, including phone support, email support, and online chat. Traders can contact the customer support team through the “Help Center” on the official website for direct and immediate assistance.
Summary
eToro, registered and headquartered in London, UK, is authorized and regulated by the UK Financial Conduct Authority (FCA). eToro offers a variety of trading products, including forex, commodities, indices, stocks, exchange-traded funds, and cryptocurrencies. Investors are reminded to get sufficiently educated, understand the market mechanisms, and carefully consider their investment goals and risk tolerance before engaging in high-leverage trading.
Currently, eToro is marked as "Active" on TraderKnows.
