eToro regulation & licences
Our take
eToro, founded in Tel Aviv in 2007, popularised social and copy trading. It holds licences from the FCA, CySEC and ASIC and serves other regions through a Seychelles entity; in the US it offers stocks and crypto rather than forex CFDs. eToro listed on NASDAQ in May 2025.
Best suited to: Beginners interested in copy trading and multi-asset investing
Licences on record 4
1 Tier 1 — top-tier regulation
2 Tier 2 — strong regulation
4 Tier 4 — light / offshore
Licences are matched from public sources and regulator registers, and entities change over time. A licence held by one company in a group does not cover clients of another. Always confirm on the official register.
Regulatory profile
eToro is a multi-asset broker founded in 2007 and headquartered in Israel. The group is listed on a public stock exchange (NASDAQ:ETOR), which means audited financial statements are published regularly — a meaningful transparency advantage.
In our database eToro is matched to 4 licences from ASIC, FCA, CySEC and FSA (Seychelles). The strongest of these, the ASIC (Australia) and the FCA (United Kingdom) are among the regulators we classify as tier 1 — bodies with strict capital, client-money and conduct rules.
eToro's licences span very different levels of protection — from ASIC and FCA to FSA (Seychelles). The entity you are assigned to normally depends on your country of residence; if you live outside the jurisdictions of its stronger licences, expect to be onboarded to an offshore entity.
Depending on the entity, eligible clients may be covered by FSCS (FCA) and Investor Compensation Fund (ICF) (CySEC). Negative balance protection is mandatory for retail clients under ASIC, FCA and CySEC rules. Retail leverage caps apply at the ASIC, FCA and CySEC-regulated entities (for example 30:1 on major FX pairs at ASIC).
eToro supports its own proprietary platform. The advertised minimum deposit starts from about US$50 — minimums often vary by account type and entity.
Regulatory strengths
- Copy-trading features
- FCA, CySEC and ASIC licences
- Publicly listed since 2025
Points to check
- Forex CFDs not available to US clients
- Proprietary platform only
Protection by entity
| Regulator | Compensation | Retail leverage | Negative balance protection | Disputes |
|---|---|---|---|---|
| 1 ASIC | No statutory compensation fund for OTC derivatives; complaints go to AFCA | 30:1 on major FX pairs for retail clients since March 2021 | Required for retail clients | Australian Financial Complaints Authority (AFCA) |
| 1 FCA | FSCS — up to £85,000 per eligible client per firm | 30:1 on major FX pairs for retail clients (20:1 minors, gold and major indices) | Required for retail clients | Financial Ombudsman Service (FOS) |
| 2 CySEC | Investor Compensation Fund (ICF) — up to €20,000 | 30:1 on major FX pairs (ESMA rules) | Required for retail clients | Financial Ombudsman of Cyprus |
| 4 FSA (Seychelles) | No compensation scheme | No statutory cap | Not a regulatory requirement | FSA Seychelles |
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eToro regulation FAQ
Is eToro regulated?
Yes — in our database eToro is matched to 4 licences: ASIC (Australia), FCA (United Kingdom), CySEC (Cyprus) and FSA (Seychelles) (Seychelles). Which of these protects you depends on the legal entity you open an account with. Always confirm the licence on the regulator's official register.
Is eToro a tier-1 regulated broker?
eToro holds 2 licences from regulators we classify as tier 1: ASIC and FCA.
Does eToro accept US clients?
eToro is not matched to a CFTC/NFA registration in our database. Only CFTC-registered, NFA-member firms may offer retail forex to US residents, so eToro generally cannot accept US retail forex clients.
Is my money protected with eToro?
Clients of eToro's FCA and CySEC-regulated entities may be eligible for statutory compensation (FSCS — up to £85,000 per eligible client per firm; Investor Compensation Fund (ICF) — up to €20,000). Clients of other entities rely on segregation of funds and the firm's financial strength.
What is the minimum deposit at eToro?
eToro's advertised minimum deposit starts from about US$50. It can differ by account type, payment method and the entity you are onboarded to.
How can I verify eToro's licence?
Find the company name and licence number in eToro's client agreement or website footer, then search it on the regulator's official register (linked from each licence on this page). Confirm that the website domain you use is listed on the register, and check the regulator's warning list for clones.