Summary
eToro is a Nasdaq-listed group with licences across the UK, EU, Australia and Asia and full public financial reporting. Its grade is held back by open regulatory proceedings in Australia and a 2024 settlement with the US SEC.
- Grade
- A
- Score
- 77/100
- Fieldwork
- 1 Oct 2026 to 2 Oct 2026
- Findings
- 1 high3 medium1 low4 strength
Scorecard
| Pillar | Weight | Score | Grade |
|---|---|---|---|
| Regulation & Licensing | 19% | AA | |
| Corporate Structure & Ownership | 14% | AAA | |
| Client Money & Payouts | 19% | A | |
| Execution & Pricing | n/a | ||
| Conduct & Disclosure | 14% | BBB | |
| Operational Resilience | n/a | ||
| People & Community | 5% | A | |
| Overall | 71% | 77 | A |
The overall score is the weighted average of the assessed pillars, with their weights scaled back up to 100.
Findings
Regulation & Licensing
80/100The CySEC licence was confirmed on the register. The group discloses licences from the FCA, ASIC, MFSA, FSRA and MAS, among others, and also operates an entity in the Seychelles.
- StrengtheToro (Europe) Ltd holds CySEC licence 109/10, issued 14 January 2010.
- StrengtheToro discloses regulated entities in the UK, Cyprus, Malta, Abu Dhabi, Australia and Singapore.
- MediumThe group also operates eToro (Seychelles) Ltd, licensed by the FSA Seychelles (SD076), outside the main retail protection regimes.
Corporate Structure & Ownership
92/100eToro Group Ltd listed on Nasdaq in May 2025 and files annual reports with the SEC.
- StrengthAnnual report on Form 20-F for the year to 31 December 2025 filed with the SEC.
Client Money & Payouts
78/100UK clients are covered by the FSCS and EU clients by CySEC’s Investor Compensation Fund. Clients of the Seychelles entity have no equivalent scheme.
- MediumClients of eToro (Seychelles) Ltd fall outside any investor compensation scheme.
Execution & Pricing
Not assessed in a desk audit. Spreads, slippage and fill quality can only be measured with live accounts.
Conduct & Disclosure
60/100The record includes open civil proceedings in Australia and a 2024 settlement in the US. eToro’s own annual report also discloses inquiries by CySEC.
- HighASIC sued eToro AUS Capital Limited in August 2023 in its first design and distribution action, alleging that the target market for its CFD product was too broad and its screening test inadequate. ASIC alleged that almost 20,000 clients lost money trading CFDs between October 2021 and June 2023. eToro’s 2025 annual report describes the proceedings as ongoing. These are allegations; no finding has been made.
- MediumIn September 2024 eToro USA LLC settled SEC charges that it operated an unregistered broker and clearing agency in connection with crypto asset trading, paying a $1.5 million penalty.
- LoweToro’s 2025 annual report states that CySEC has made inquiries in connection with potential breaches of eToro (Europe) Ltd’s product governance obligations.
Operational Resilience
Not assessed in a desk audit. Uptime, incident history and security controls require evidence from the firm or live monitoring.
People & Community
70/100eToro UK Limited is Great Place to Work certified. eToro publishes a corporate social responsibility programme focused on financial education and universal basic income, and is the founding sponsor of GoodDollar.
- StrengtheToro UK Limited is Great Place To Work Certified (July 2025), per Great Place to Work UK.
- ObservationCommunity contribution is reported by eToro itself, including its role as founding sponsor of the GoodDollar project; we found no independent reporting of amounts.
Licences verified
Each licence was checked directly against the regulator's public register on the date shown.
| Entity | Regulator | Licence | Checked | Result |
|---|---|---|---|---|
| eToro (Europe) Ltd | CySEC | 109/10 | 2 Oct 2026 | Confirmed |
Notes and sources
Evidence and scope
Scope
Desk audit of the group’s client-facing entities, using public sources only: regulator registers and announcements, court and stock-exchange filings, and the firm’s own published documents, as available on 2 October 2026. No accounts were opened, nothing was tested live, and the firm was not asked for evidence.
Limitations
Absence of a public enforcement record is not evidence of good conduct. FCA and ASIC licence details are taken from the firm’s disclosures; the FCA and ASIC registers could not be queried directly for this audit and should be checked before publication.
Evidence reviewed
- CySEC register entry, eToro (Europe) Ltd
- eToro Group Ltd Form 20-F, year to 31 December 2025
- ASIC media release 23-204MR
- SEC press release 2024-125
- eToro regulation and licence disclosures
Version history
- Report published.
- Methodology update: enforcement older than eight years is recorded but no longer scored, applied to all audits.
- Methodology update: People & Community pillar added (workplace certification and community contribution, from public sources), applied to all audits.
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