The Pumpening

Is eToro a Scam? or Legit? Our Research.

by

Investing in general, may it be investing in bitcoin, investing in stocks, investing in precious metals, or investing in yourself, is one of the best ways of making sure that you’ll reach your financial goals sometime in the future.

With that said, you might’ve been interested in investing in some assets, and you might’ve come across one of eToro’s advertisements on social media.

You were about to register an account, but thought— “is eToro a scam? Or is it actually safe?“.

With investing, you’re going to need to deposit money. Hence, it’s just reasonable for you to be skeptical and do your research first before knowing if a certain asset broker is actually safe and legitimate or not.

Fortunately for you, we’ve done the research, so you wouldn’t have to!

Now let us take a look at what we have found. But first, let us answer the question in the title first, to save you a bit of time.

Is eToro legitimate? or is it a scam? 🧐

eToro Ltd is a legitimate company, that has been founded and has been operating since 2007. Yes, they’ve been existing and operating for more than a decade already, with today having millions and millions of users in over 140 countries. That itself is a very good sign for them to be a legitimate business.

If you want to create your own eToro account now to start investing, click here.

On the other hand, if you want more information, carry on. We’ll dig deeper into the details.

Proof that eToro Ltd is a legitimate company 📊

eToro Ltd’s licenses & regulation

Financial Conduct Authority

Is eToro actually regulated?

Yes. eToro Ltd is a registered and regulated company in Cyprus, Isreal, the United Kingdom, the United States, and Australia.

Instead of showing you screenshots(that could easily be cheated and manipulated), take a look at their filings yourself instead.

Here are the links to their registered filings:

While this itself should be enough proof that eToro is legitimate and regulated, we like to add two more “green flags” for the company anyway.

The publicity of the founders

Yoni Assia, eToro – NOAH18 Tel Aviv

One of eToro’s founders, Yoni Assia, is a very public person and likes taking part in podcast episodes, and likes talking at conferences.

Here are some of the talks with Yoni Assia:

While the fact that Yonni Assia has been doing a good amount of talks doesn’t automatically make a company legitimate, it surely does give us the peace of mind that the founders aren’t hiding from the public for some reason.

They’ve worked with big names

eToro presents: HODL (Featuring Kristian Nairn)

eToro has already worked with some big names like Alec Baldwin and Kristian Narn(Hodor of the Game of Thrones) on their advertisements.

Here are the YouTube videos if you’re interested:

They’re pretty funny, too!

But, what about the negative feedback?

Throughout the years, eToro has had some nasty feedback from some of its users due to bad experiences. From slow withdrawals in some months, and website downtime.

Though we have no doubt that occasional slow withdrawals and website downtime are bad things that we definitely wouldn’t want, based on our research, a lot of these complaints were mostly made by people last December 2017. Which most of us know, is the peak of the cryptocurrency bull market.

Since cryptocurrency publicity and prices were at their peak at that time, a lot of people flooded into cryptocurrency exchanges and brokers(eToro being one of them), and a good number of the exchanges and brokers couldn’t handle the sudden influx of new users; hence the delays with the withdrawals.

Also, let’s not forget that eToro, in the end, is a business, and occasionally, businesses also have their bad days. Heck, even other big websites have their downtimes too, even sites as big as YouTube!





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