eToro is an investment and social trading platform that allows users to invest in cryptocurrencies, indices, commodities, stocks, as well as trading CFD with different underlying assets. An Israel-based company with a huge user base in Singapore, eToro offers a social trading and multi-asset brokerage marketplace that acts as a connecting bridge between the old and new world of investing by helping investors navigate and benefit from the transition of various assets to the blockchain.
Established in 2007, eToro was started with the vision of making the global financial markets more accessible to anyone, anywhere, and by reducing the dependency on traditional financial institutions. The company was founded by David Ring, Ronen Assia, and Yoni Assia with an aim to disrupt the world of trading. Yoni Assia is the CEO of eToro who passion for finance and computer science led to the foundation and development of eToro company’s widespread network. Today, eToro is among the leading crypto exchanges in Singapore.
eToro is a legitimate company and is a licensed brokerage registered firm registered under various regulatory bodies to provide a wide range of services. In Europe, it is licensed under the Cyprus Securities Exchange Commission (CySEC) and in the U.K. under the Financial Conduct Authority (FCA). It is also authorized by the Australian Securities and Investments Commission (ASIC) and licensed by the Financial Services Authority Seychelles ("FSAS").
eToro enforces minimum first-time deposit limits based on your region and country regulations. The minimum first-time deposit on the website ranges from $50 to $10,000. In the case of unverified accounts, the deposit amount is limited to $2,250.
The withdrawal requests on eToro are processed within one business day, provided you have all the necessary information. However, the estimated time taken to receive your payments varies based on the method of payment used and ranges anywhere between 1 to 8 business days.