Regulation and License

eToro is the social investing platform that empowers users to grow their knowledge and wealth as part of a global community of investors. As a multi-asset broker with millions of users around the world, eToro is regulated in multiple jurisdictions.

UK

eToro (UK) Ltd, is authorised and regulated by the Financial Conduct Authority (“FCA”). Firm Reference Number: 583263. Registered in England under Company No. 07973792. Registered Office:  24th floor, One Canada Square, Canary Wharf, London E14 5AB

eToro (UK) Ltd is registered with the Financial Conduct Authority to offer cryptocurrency services under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

For full information on the services and instruments eToro UK is licensed to provide please click here

eToro Money UK Ltd, is authorised and regulated by the Financial Conduct Authority for the provision of electronic money and payment services, with Firm Reference Number 900923. Registered in England & Wales under Company No. 07712717. Registered Office: Maclaren 3b – Lancastrian Office Centre Talbot Road, Stretford, Manchester, M32 0FP, England.

Europe

eToro (Europe) Ltd, is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under licence number 109/10. Registered in Cyprus under Company No. HE 200585.  Registered Office: 4 Profiti Ilia Str., Kanika Business Centre, 7th floor, Germasogeia, 4046, Limassol, Cyprus

For full information on the services and instruments eToro Europe is licensed to provide please click here

eToro (Europe) Ltd is listed in De Nederlandsche Bank N.V. (“DNB”) public register as a crypto service provider. DNB supervises the compliance of eToro (Europe) Ltd with the Anti-Money Laundering and Anti-Terrorist Financing Act and the Sanctions Act 1977. The crypto services of eToro (Europe) Ltd are not subject to prudential supervision by DNB or conduct supervision by the AFM. This means that financial operational risks in respect of the crypto services are not monitored and there is no specific financial consumer protection.

eToro (Europe) Ltd is also registered with the French Financial Markets Authority (the Autorite des Marches Financiers – “AMF”) as digital assets services provider (“DASP”) for the provision of the service of custody of digital assets on behalf of clients and (ii) the service of buying or selling digital assets for legal tender.

eToro (Europe) Ltd is registered, since October 2022, in CySEC’s Register of Crypto-Assets Service Providers (the ‘CASP Register’) and it may provide services in relation to crypto-assets.

eToro (Europe) Digital Assets Ltd is now registered with the Bank of Spain to operate as a service provider of exchange of virtual currency for fiat currency and electronic wallet custody services.

The Italian branch of eToro (Europe) Ltd was enrolled, by the Organismo Agenti e Mediatori (“OAM”), in the Italian Registry for providers of crypto/digital wallets services.

Malta

eToro Money Malta Ltd is authorised and regulated by the Malta Financial Services Authority (“MFSA”) for the provision of electronic money and payment services. Registered in Malta under Company No. C97952. Registered Office: 68, Northfields, Penthouse 10 63, Independence Avenue MST 9024 Mosta, Malta.

Middle East

eToro (ME) Limited, is licensed and regulated by the Abu Dhabi Global Market (“ADGM”)’s Financial Services Regulatory Authority (“FSRA“) as an Authorised Person to conduct the Regulated Activities of (a) Dealing in Investments as Principal (Matched), (b) Arranging Deals in Investments, (c) Providing Custody, (d) Arranging Custody and (e) Managing Assets (under Financial Services Permission Number 220073) under the Financial Services and Market Regulations 2015 (“FSMR”). Registered Office and its principal place of business: Office 207 and 208, 15th Floor Floor, Al Sarab Tower, ADGM Square, Al Maryah Island, Abu Dhabi, United Arab Emirates (“UAE”).

Australia

eToro AUS Capital Limited(“eToro Australia”) is regulated by the Australian Securities & Investments Commission (“ASIC”) for the provision of financial services and products. Australian Financial Services Licence number: 491139. Registered Office: Level 3, 60 Castlereagh Street, Sydney NSW 2000, Australia

eToro Asset Management Limited (“eToro AM”), is licensed to act as a Responsible Entity under Chapter 5C of the Corporation Act 2001.  The registered scheme (eToro Service) ARSN 637 489 466 is operated by eToro AM and promoted by eToro Australia. Registered Office: Level 3, 60 Castlereagh Street, Sydney NSW 2000, Australia. When executing transactions, eToro AM will use another executing broker, including eToro Europe or a non-affiliated third party.

Seychelles

eToro (Seychelles) Ltd. is licenced by the Financial Services Authority Seychelles (“FSAS”) to provide broker-dealer services under the Securities Act 2007 License number: SD076

Registered Office:  eToro Suites, S45 2nd Floor, Espace Building, Victoria, Seychelles, is licensed to deal in securities either as an agent or principal.

USA

eToro USA LLC is a registered Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN) in the United States (FinCEN #31000204884179) and holds Money Transmitter Licenses (MTLs) in the states where applicable. eToro USA LLC offers a platform for US customers to buy and sell cryptocurrency. Its registered office and principal place of business is 221 River St., 9th Floor, Hoboken NJ 07030.

eToro USA Securities Inc. is a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC #8-70212/SEC CIK #0001753042) and is also a member of the Financial Industry Regulatory Authority (FINRA/CRD #298361). This broker-dealer’s registered office and principal place of business is also 221 River St., 9th Floor, Hoboken NJ 07030.

Gibraltar

The wallet is provided by eToro X Limited (“eToroX”), a limited liability company incorporated in Gibraltar.

eToroX is authorised and regulated by the Gibraltar Financial Services Commission as a distributed ledger technology provider, with Financial Services Commission licence No. 1333B. Registered in Gibraltar under Company No. 116348. Registered Office: 57/63 Line Wall Road, Gibraltar.

Regulatory Disclosures

Client Categorization

The Markets in Financial Instruments Directive (MiFID) requires the categorization of clients as Retail Clients, Professional Clients or Eligible Counter Parties. eToro Europe and eToro UK categorize all clients as Retail Clients when opening a trading account, which have the highest level of protection (such as eligibility to the Investor Compensation Fund, Best Execution, and Safeguarding Clients Assets etc). Clients are allowed to request to be reclassified, in writing to eToro Europe/eToro UK, as applicable, who may recategorize you according to the specifications, conditions, and procedures of MiFID. “Retail Client” is a client who is not a professional client or an eligible counter party. Eligible Counter party is a professional client or legal entity who provides investment services that involve the reception and transmission or the execution of orders. Clients under this category have the lowest level of protection. Professional Client is a client who possesses the experience, knowledge and expertise to make their own investment decisions and properly assess the risks that they incur and must comply with the following criteria: Α. Categories of clients who may be considered to be professionals: The following shall be regarded as professionals in relation to all investment services and activities and financial instruments:

  1. Entities which are required to be authorized or regulated to operate in the financial markets. The list below should be understood as including all authorized entities carrying out the characteristic activities of the entities mentioned: entities authorized by a member state under a European Community Directive; entities authorized or regulated by a member state without reference to such Directive; and entities authorized or regulated by a non-Member State
    1. Credit institutions;
    2. Registered Investment Firms;
    3. Other authorized or regulated financial institutions;
    4. Insurance undertakings;
    5. Collective investment schemes and management companies of such schemes;
    6. Pension funds and management companies of such funds;
    7. Commodity and commodity derivatives dealers;
    8. Other institutional investors.
    9. Locals
  2. Large undertakings meeting two of the following size requirements, on a proportional basis:
    1. balance sheet total at least: 20.000.000 euro
    2. net turnover at least: 40.000.000 euro
    3. own funds at least 2.000.000 euro
  3. National and regional governments, public bodies that manage public debt, central banks, international and supranational institutions such as the World Bank, the Internal Monetary Fund, the European Central Bank, the European Investment Bank and other similar international organizations.
  4. Other institutional investors whose main activity is to invest in financial instruments, including entities dedicated to the securitization of assets or other financing transactions. They must however be allowed to request non professional treatment and eToro Europe/eToro UK, as applicable, may agree to provide a higher level of protection.
  5. It is the responsibility of the client, considered to be a professional client, to ask for a higher level of protection when it deems it is unable to properly assess or manage the risks involved. This higher level of protection will be provided when a client who is considered to be a professional enters into a written agreement with eToro Europe/eToro UK, as applicable, to the effect that it shall not be treated as a professional for the purposes of the applicable conduct of business regime.

Β. Clients who may be treated as professionals on request: Clients other than those mentioned above, including public sector bodies and private individual investors, may also be allowed to waive some of the protections afforded by the conduct of business rules of eToro Europe/eToro UK, as applicable. Both eToro Europe and eToro UK are therefore allowed to treat any of the above clients as professionals provided the relevant criteria and procedures are fulfilled. Such as that the client is capable of making his own investment decisions and understanding the risks involved (fitness test). The company reserves the right to decline any of the above requests for different categorization Requests for more information and re-categorization shall be submitted to https://www.etoro.com/customer-service/

Best Execution and Order Handling Policy


Complaint Handling Procedure

Conflicts of Interests Policy

Investor Compensation Schemes

Financial Services Compensation Scheme

eToro UK Ltd. (“eToro UK”) is covered by the Financial Services Compensation Scheme (“ FSCS”), the United Kingdom’s compensation scheme.

The FSCS is the UK’s compensation fund of last resort for customers of UK Financial Conduct Authority (“FCA”) authorized and regulated financial services firms. If in the unlikely event eToro UK ceases trading/enters insolvency and in the event that there is a shortfall in client money and/or customer assets, the FSCS may be able to pay compensation to eToro UK’s customers.

Any money deposited with or assets held by eToro UK will be treated as investments for the purposes of the FSCS. Accordingly, the maximum amount of compensation per person is £85,000.

For any further information regarding the FSCS, please go to: www.fscs.org.uk/

Investor Compensation Fund

Subject to the provisions of the Directive, the Cyprus Investor Compensation Fund (“ICF”) gives investment protection coverage of up to €20,000 for claims against products and services authorized under the eToro (Europe) Ltd (“eToro Europe”).

The Fund shall initiate the compensation payment procedure when the Commission or a Court of the Republic, has made a ruling that eToro Europe appears that is unable to meet its obligations arising out of investors’ claims.

The procedure of invitation to submit applications: the Fund shall publish as soon as possible in at least two national newspapers, an invitation to submit applications for compensation, designating the procedure for the submission.

For any further information regarding the ICF, please go to:

https://www.cysec.gov.cy/en-GB/investor-protection/

Which Compensation Schemes apply to me and when?

Please refer to the tables below for details of which compensation schemes apply to which clients and for which products and services.

Key Information Documents

For key information documents please refer to our Key Information Documents page.

Investing in SPACs – Risk Disclosure

Anti Money Laundering Policy

Both the UK and Cyprus have enacted the appropriate legislation and taken effective regulatory and other measures by putting in place suitable mechanisms for the prevention and suppression of money laundering, terrorist financing activities, and financial crime. Moreover, both countries are committed to apply all the requirements of international treaties and standards in this area and, specifically, those deriving from the European Union Directives. UK and Cyprus legislation has been harmonized with the Third European Union Directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing (Directive 2005/60/ΕC). As regulated firms, eToro Europe and eToro UK are both committed to follow the relevant regulations and to ensure that appropriate measures are taken to combat money laundering, terrorist financing activities, and financial crime.

Capital Adequacy

In accordance with the applicable regulations, both eToro Europe and eToro UK need to have own funds, which are at all times satisfy the minimum capital adequacy ratios of the European Capital Requirements Regulation. An investment firm must have in place sound, effective and complete strategies and processes to assess and maintain on an ongoing basis the amounts, types and distribution of internal capital that they consider adequate to cover the nature and level of the risks to which they might be exposed. These strategies and processes are subject to regular internal review, to ensure that they remain comprehensive and proportionate to the nature, scale and complexity of the activities of the Firm.

Safeguarding of Clients Assets

We keep our clients’ funds and assets in segregated accounts, such that the clients’ funds and assets will be separated from our own assets. Such separation of accounts is being supervised both internally and externally. We operate only with reputable payment institutions and payment providers.

IFPR (MIFIDPRU 8) Disclosures (UK)

Pillar 3 Disclosures

RTS 28 Report

RTS 27 – Best Execution Reports

UK Tax Strategy

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