EToro

eToro
Company type	Private
Industry	Financial services; Investing online; Social investment
Founded	2007
Founder	Yoni Assia, Ronen Assia, David Ring
Headquarters	Tel Aviv, Israel
Area served	Worldwide
Key people	Yoni Assia, CEO
Products	Electronic trading platform, stocks, copy trading, social trading
Services	Investment management
Revenue	US$630 mln (2023)
Operating income	87,200,000 United States dollar (2020)
Net income	82,900,000 United States dollar (2020)
Number of employees	1400 (2024)
Website	www.etoro.com

eToro is a social trading and multi-asset investment company focused on CFD offerings.^[3]^[4] eToro was founded in 2007 in Tel Aviv by Yoni Assia, Ronen Assia, and David Ring. The company's headquarters are located in Central Israel.^[5]^[6]^[7]^[8] At the start of 2024, eToro had 35.5 million registered users, and over 3 million funded accounts.^[1]

eToro has faced regulatory scrutiny and criticism from authorities in the US, Canada, India, Italy, and the Philippines. The company's business model has been criticized for profiting from customer losses, lacking transparency, and has been fined in multiple countries for operating without licenses and engaging in misleading advertising practices.

^ ^a ^b Browne, Ryan (26 February 2024). "'We definitely are eyeing the public markets': eToro CEO considers IPO after scrapped SPAC deal". CNBC. Retrieved 9 November 2024.
^ "Investor Update". eToro. Retrieved 9 November 2024.
^ Cite error: The named reference israeltimes2021 was invoked but never defined (see the help page).
^ "Israeli social trading firm eToro raises $100 million in private funding". Reuters. 23 March 2018. Retrieved 2 November 2019.
^ Russo, Camila (15 May 2018). "U.S. Crypto Trading Platforms Are About to Get More Competition". Bloomberg. Retrieved 5 December 2019.
^ Williams-Grut, Oscar. "A trading company with 10 million customers is setting up a crypto desk for hedge funds and banks". Business Insider. Retrieved 2 November 2019.
^ "Etoro (Europe) Limited - CySEC". CySEC. Retrieved 13 May 2015.
^ "ETORO USA LLC - NFA". NFA. Retrieved 13 May 2015.

[cnbc2023-1] Browne, Ryan (26 February 2024). "'We definitely are eyeing the public markets': eToro CEO considers IPO after scrapped SPAC deal". CNBC. Retrieved 9 November 2024.

[etoro-investors-2] "Investor Update". eToro. Retrieved 9 November 2024.

[israeltimes2021-3] Cite error: The named reference israeltimes2021 was invoked but never defined (see the help page).

[:0-4] "Israeli social trading firm eToro raises $100 million in private funding". Reuters. 23 March 2018. Retrieved 2 November 2019.

[:2-5] Russo, Camila (15 May 2018). "U.S. Crypto Trading Platforms Are About to Get More Competition". Bloomberg. Retrieved 5 December 2019.

[6] Williams-Grut, Oscar. "A trading company with 10 million customers is setting up a crypto desk for hedge funds and banks". Business Insider. Retrieved 2 November 2019.

[cysec-7] "Etoro (Europe) Limited - CySEC". CySEC. Retrieved 13 May 2015.

[nfa-8] "ETORO USA LLC - NFA". NFA. Retrieved 13 May 2015.

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