Turnover: 631 million USD (2022)

Country: Cyprus

Etoro is a trading site that enables individual investors to trade various types of classic financial products (stocks, bonds, ETFs...), but especially alternative investments such as cryptocurrencies.

One of the site's special features is the ability to replicate members' investments (which has led people to talk about "social trading"). If a trader seems "gifted", another user can quickly (in just a few clicks) opt to follow his or her investment strategy using "Copyportfolios".

With $100 million raised in 2018 from SBI Group, Korea Investment Partners, The World-Wide Investment Company Limited and other Etori investors, Etoro is trying to expand its business model.

eToro has registered offices in Cyprus, Israel, the UK, the US and Australia. In 2018, the company is worth $800 million, a value that has tripled to $2.5 billion by 2020.

News

eToro puts the brakes on crypto trading in the US 13/09/2024

  • - eToro has agreed to cease trading in all cryptocurrencies except bitcoin, bitcoin cash and ether, under pressure from the SEC.
  • - The SEC settled with eToro USA for $1.5 million, for unregistered brokerage operations and clearing agency.
  • - Cryptocurrency assets under management by eToro totaled $5 billion, an amount equivalent to that of equities.
  • - eToro has 38 million users in over 75 countries.
  • - eToro has been registered in France as a digital asset service provider (DASP) since 2022.
  • - In July, eToro was fined $1.3 million by the Italian competition authorities for a "zero commission" trading offer deemed misleading.

Studies mentioning this company

The market for online trading platforms - France

Other companies mentioned:

  • Boursorama Banque
  • Degiro
  • eToro
  • Bourse direct
  • Robinhood
  • Bforbank
  • Trade Republic
  • Avatrade
  • Capital.com
  • Freedom24
  • FXCM
  • IG Market
  • Interactive brockers
  • Libertex
  • Plus500
  • Trading 212
  • WH SelfInvest
  • XTB
The cryptocurrency market - France

Other companies mentioned:

  • Revolut
  • Exodus Wallet
  • MetaMask
  • Ledger
  • Trezor
  • N26
  • Fortuneo
  • Hello Bank !
  • Bforbank
  • Lydia
  • Binance
  • Coinbase
  • Kraken
  • eToro
  • Flowdesk