eToro seeks regulatory license in Singapore

eToro pursues regulatory license in Singapore amid global expansion

eToro, the Israeli broker, is seeking regulatory approval in Singapore, having applied for a license from MAS. This move aligns with their global expansion strategy, despite recent warnings from the Philippines.

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99
Min. deposit
50$
Max. leverage
1:30
Bonus
Used by
30000000+
Min. Spread
0.5
Trading platforms
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MetaTrader 4
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Web trader
Deposit methods
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! 61% of retail CFD accounts lose money.
eToro pursues regulatory license in Singapore amid global expansion

eToro is trying to get regulated in Singapore. They’ve applied for a license from the Monetary Authority of Singapore (MAS). The Israeli broker says their application is “in process” but hasn’t shared details on the license.

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.

eToro is based in Israel but operates globally. They’re already regulated in countries like the UK, Cyprus, and the US. They recently got approval to operate in the UAE too. However, the Philippines warned against eToro for offering services without local authorization, which eToro denied.

Getting a license in Singapore is seen as a smart move since other crypto exchanges are doing it too. Singapore is a good market, with IG Group making a lot of money there.

 

Learn how to trade currency pairs, stocks, and CFDs on popular assets with Top Forex broker eToro

 

eToro started in 2007 and became known for copy-trading. Now, they offer stocks and crypto trading too. They have about 3 million accounts and manage $11.3 billion in customer assets.

eToro wants to go public, maybe in the US. Even though most of their money comes from Europe, they’re interested in the US market’s big opportunities. They tried to go public before but it didn’t work out. Now, they’re thinking of a valuation of over $3.5 billion.

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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.

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