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Etoro Review - Is eToro Safe and Legit? [Watch Before Signing Up]
eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC)-regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Is it safe to invest in eToro?
Yes. eToro operates in accordance with FCA, CySEC and ASIC regulations, meaning that there are measures in place to protect investors. On eToro, our clients' funds are kept secure in top-tier banks and all of their personal information is guarded under SSL encryption.
Why is eToro not good?
On the negative side, eToro's non-trading fees are high as there are fees for withdrawal and inactivity. Withdrawals can be slow and USD is the only currency you can hold your cash in. Lastly, it's difficult to contact customer support.
Is my money safe on eToro?
Yes. eToro operates in accordance with FCA, CySEC and ASIC regulations, meaning that there are measures in place to protect investors. On eToro, our clients' funds are kept secure in top-tier banks and all of their personal information is guarded under SSL encryption.
Does eToro Pay Out?
No problem! Customers may withdraw funds from their eToro account at any time. Funds can be withdrawn up to the value of the balance of your eToro account, minus the amount of margin used.
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