Is my money protected in eToro?

Yes. On eToro, our clients’ funds are kept secure in top-tier banks and all of their personal information is guarded under SSL encryption. …

How much is insured on eToro?

The cash funds which you deposit into your eToro account are held in regulated and licensed US banks and are FDIC-insured up to $250,000.

Is eToro covered by FSCS?

Whilst the eToro Money Account are not covered by the Financial Services Compensation Scheme, we do safeguard customer funds in a regulated bank account, which is separated from any company money and held in trust.

Is eToro covered by FCA?

eToro’s brokering services are provided by : (“eToro UK”), company registration no. 7973792 is authorised and regulated by the Financial Conduct Authority (FCA), under firm reference number 583263. eToro Europe and eToro UK both operate under and comply with the Markets in Financial Instruments Directive (MiFID).

Is eToro insured?

eToro provides its clients with free insurance purchased from Lloyd’s of London, one of the world’s leading providers of specialist insurance, giving coverage of up to 1 million Euro, GBP, or AUD (depending on the region). The insurance is given automatically to all eToro clients — there is no need to register.

Which is better eToro or Interactive Brokers?

Is eToro better than Interactive Brokers? In our analysis of 23 international regulators across 50 brokers, eToro is considered low-risk, with an overall Trust Score of 93 out of 99. Interactive Brokers is considered low-risk, with an overall Trust Score of 94 out of 99.

What happens if eToro collapses?

eToro is the counterparty to all retail client trades. This means that if eToro goes bankrupt, your account is at risk and you could lose some or all of your account balance. However, eToro is a member of the Investor Compensation Fund for Customers of Cypriot Investment Firms (CIFs) (the “Fund”).

What happens if Interactive Brokers goes bust?

While unlikely to happen, especially for interactive brokers, when a broker goes bust, one of two scenarios will occur: Your holdings are liquidated and returned to you. The broker is bought out by another broker and your holdings are transferred to the new broker.

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