eToro receives BitLicense and Money Transmitter licenses from New York - TopForex.Trade

eToro receives BitLicense and Money Transmitter licenses from New York

eToro, a multi-asset international online social trading network, has received a virtual currency and money transfer license from the New York State Department of Financial Services.

eToro
99
Min. deposit
50$
Max. leverage
1:30
Bonus
Used by
30000000+
Min. Spread
0.5
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, Klarna, Wire
Regulated by
FCA
CySEC
ASIC
Open account
! 61% of retail CFD accounts lose money.
eToro receives BitLicense and Money Transmitter licenses from New York

eToro, a multi-asset international online social trading network, has received a virtual currency license, also known as a BitLicense, from the New York State Department of Financial Services. In addition, the regulator approved eToro’s money transfer license, which the company obtained through eToro NY LLC, its US subsidiary.

99
Min. deposit
50$
Min. Spread
0.5
Bonus
Max. leverage
1:30
Used by
30000000+
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, Klarna, Wire
! 61% of retail CFD accounts lose money.
Regulated by
FCA
CySEC
ASIC
99
Min. deposit
50$
Max. leverage
1:30
Bonus
Used by
30000000+
Min. Spread
0.5
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Trustly, iDEAL, Rapid, Klarna, Wire
Regulated by
FCA
CySEC
ASIC
Open account
! 61% of retail CFD accounts lose money.

A post on the eToro website states that the licenses may offer stock, Crypto, and options trading features for New Yorkers. eToro plans to expand its virtual portfolio and integrated social investment vehicles for New Yorkers once eToro NY LLC goes live.

Innovation is the final step in eToro’s growth. Previously, the company expanded the list of assets for its Brazilian clients by giving them full access to all instruments, with the exception of forex contracts for difference, which was explained by the country’s regulatory requirements.

 

Learn how to trade CFDs on popular assets with Top Forex broker eToro

 

Additionally, this year the company introduced InvestorAI-US, an AI-powered portfolio targeted at high-growth firms operating in the United States. The portfolio was introduced in partnership with British startup Bridgeweave. However, eToro said the new portfolio is not yet available to US clients.

eToro

Risk disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.