Etoro

Regulatory & Licensing Information:

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• Regulatory Authorities:
  • Cyprus Securities and Exchange Commission (CySEC):
    • Entity: eToro (Europe) Ltd.
    • License Number: 109/10
    • Status: Active
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  • Financial Conduct Authority (FCA), United Kingdom:
    • Entity: eToro (UK) Ltd.
    • Firm Reference Number: 583263
    • Status: Active
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  • Australian Securities and Investments Commission (ASIC):
    • Entity: eToro AUS Capital Pty Ltd.
    • Australian Financial Services Licence: 491139
    • Status: Active
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  • Financial Services Authority (FSA), Seychelles:
    • Entity: eToro (Seychelles) Ltd.
    • License Number: SD076
    • Status: Active
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  • Financial Services Regulatory Authority (FSRA), Abu Dhabi Global Market (ADGM):
    • Entity: eToro (ME) Limited
    • Financial Services Permission Number: 220073
    • Status: Active
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  • U.S. Securities and Exchange Commission (SEC):
    • Entity: eToro USA Securities Inc.
    • Status: Registered Broker-Dealer
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  • Financial Industry Regulatory Authority (FINRA):
    • Entity: eToro USA Securities Inc.
    • Status: Member
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  • Securities Investor Protection Corporation (SIPC):
    • Entity: eToro USA Securities Inc.
    • Status: Member
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Verification:

• Broker's Claims: eToro asserts compliance with multiple international regulatory standards, providing a secure and transparent trading environment.
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• Verified Information: Independent reviews confirm eToro's regulatory status with the aforementioned authorities. Notably, CySEC and the FCA are considered top-tier regulators, offering robust investor protection. ASIC also provides substantial oversight, while the FSA in Seychelles is regarded as an offshore regulator with comparatively less stringent oversight
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Regulatory Warnings:

• Issuing Body: Securities Commission Malaysia (SC)
  • Date of Warning: May 2020
  • Details: The SC stated that eToro was operating without proper licensing in Malaysia.
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• Issuing Body: Reserve Bank of India (RBI)
  • Date of Warning: September 2022
  • Details: The RBI listed eToro among illegal forex trading platforms in India
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• Issuing Body: Securities and Exchange Commission of the Philippines
  • Date of Warning: March 2024
  • Details: The Commission issued an advisory against eToro for operating without the necessary license in the Philippines.
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Recent Developments:

• Settlement with U.S. SEC:
  • Date: September 12, 2024
  • Details: eToro USA LLC agreed to pay a $1.5 million penalty to settle charges of operating as an unregistered broker and clearing agency concerning its crypto-trading platform. As part of the settlement, eToro ceased offering nearly all cryptocurrencies to U.S. customers, limiting trading to Bitcoin, Bitcoin Cash, and Ether.
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Important Consideration

Engaging with brokers regulated by reputable authorities provides a higher level of investor protection. It's advisable to conduct thorough due diligence and consider the regulatory status of brokers to ensure the safety of your investments.