eToro Social Investment Network Receives FCA License eToro complies with the regulations of UK broker license
LONDON, May 14, 2013 /PRNewswire/ --
eToro, the world's largest social investment network, has announced that it has been licensed by the Financial Conduct Authority (FCA) to offer financial services to its users under a UK broker license.
Social trading opens up the market to people who are interested to experience a new investment alternative, which is growing fast in popularity. This recognition of eToro by the FCA as a UK regulated company adds a seal of confidence for investors who would like to explore the simple, engaging and exciting world of social investing.
"Getting our social investment network FCA regulated is a major milestone for eToro," said Yoni Assia, Founder and CEO of eToro. "As the innovation leader in social investing, we are pursuing a clear vision: to give our users the opportunity to invest and trade the markets in a simple and transparent way. As such we take transparency and user protection very seriously and have implemented a long list of self regulation rules to ensure everyone in our investment network is treated equally. Having the FCA stamp of approval makes it official."
eToro is in the process of opening a London office.
eToro is the world's largest social investment network, with over 2.75 million registered users in over 190 countries and thousands of new accounts opened each day. eToro leads the social trading revolution through its community powered network, which enables every investor to see, follow and automatically copy the actions of other investors in real time. eToro's mission is to revolutionize the way people access the financial markets and make their trading experience more social, simple, enjoyable and transparent. By harnessing the wisdom of the crowd every member of eToro's social trading network benefits from accelerated information exchange, knowledge sharing and the ability to quickly identify the best investment opportunities. With a wide range of award-winning mobile and web-based social trading tools eToro appeals to every level of trading expertise, and provides an investment experience like no other before. For more information, visit us at http://www.etoro.com