Etoro: Difference between revisions

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| Official Website =https://www.etoro.com

| Logo =Etoro_logo.svg.png

}}{{Placeholder box|An introductory paragraph starting with "'''{{PAGENAME}}''' is a ...<ref name":0">ref goes here</ref>"}}

}}'''[[wikipedia:EToro#Controversies|eToro]]''' is a social trading and multi-asset investment company focused on providing financial services. In 2023, the company valuation was $3.5 billion.<ref>https://www.reuters.com/markets/deals/israels-etoro-valued-35-bln-funding-round-months-after-ending-spac-deal-2023-03-21/</ref> At the beginning of 2025, the company filed for Nasdaq.<ref>https://investingintheweb.com/brokers/etoro-statistics/</ref> In September 2024, eToro had 38 million registered users,<ref>https://www.techinasia.com/news/etoro-acquires-australian-investing-app-55m</ref> and over 3.2 million funded accounts.{{Placeholder box|An introductory paragraph starting with "'''{{PAGENAME}}''' is a ...<ref name":0">ref goes here</ref>"}}

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This is a list of all consumer protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:{{FULLPAGENAME}}|{{PAGENAME}} category]].

*~~[[Example incident one]] (date)~~: ~~Short summary of~~ the ~~incident (could~~ be the ~~same as~~ the ~~summary preceding~~ the ~~article)~~.

*'''Leveraged crypto position closures''': On 8 January 2021, eToro notified its European customers that "due to exceptional market volatility within the crypto markets", margin positions for all leveraged crypto positions must be closed and turned into non-leveraged. Customers were cautioned that non-compliance would result in position closures within four hours.<ref>https://www.wsj.com/articles/online-platform-etoro-called-in-leveraged-crypto-trades-when-bitcoin-price-peaked-11610389892</ref>

*[[Example incident two]] (date):

*'''Closure of customer positions in Magnit shares''': On 2 March 2022, eToro closed customers' positions in Magnit shares at $0.01 a share, paying out customers. Before the Russian invasion of Ukraine in February 2022, Magnit shares were worth $14.20 a share.<ref>https://www.bloomberg.com/news/articles/2022-03-05/russia-stock-market-controversy-etoro-blindsides-traders-with-magnit-sale</ref><ref>https://www.forbes.com/sites/javierpaz/2022/03/04/etoro-clients-up-in-arms-over-forced-exit-from-russian-investments/?sh=59053f2d1f8b</ref>

*'''False advertising in Italy''': In 2023, the Italian Competition Authority imposed a fine of €1.3 million on eToro for misleading advertising. The Authority concluded that eToro's Italian website promoted zero-commission share trading and did not disclose multiple costs and financial risks, including currency exchange rate fluctuations and functional limits on clients' rights. Such nondisclosures induced customers to act in ways they would not have acted, in violation of Articles 20, 21, and 22 of the Italian Consumer Code.<ref>https://en.agcm.it/en/media/press-releases/2023/7/PS12313</ref><ref>https://www.reuters.com/business/italy-antitrust-body-fines-etoro-misleading-consumers-2023-07-17/</ref>

==Products==

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 | Official Website =https://www.etoro.com
 | Logo =Etoro_logo.svg.png
-}}{{Placeholder box|An introductory paragraph starting with "'''{{PAGENAME}}''' is a ...<ref name":0">ref goes here</ref>"}}
+}}'''[[wikipedia:EToro#Controversies|eToro]]''' is a social trading and multi-asset investment company focused on providing financial services. In 2023, the company valuation was $3.5 billion.<ref>https://www.reuters.com/markets/deals/israels-etoro-valued-35-bln-funding-round-months-after-ending-spac-deal-2023-03-21/</ref> At the beginning of 2025, the company filed for Nasdaq.<ref>https://investingintheweb.com/brokers/etoro-statistics/</ref> In September 2024, eToro had 38 million registered users,<ref>https://www.techinasia.com/news/etoro-acquires-australian-investing-app-55m</ref> and over 3.2 million funded accounts.{{Placeholder box|An introductory paragraph starting with "'''{{PAGENAME}}''' is a ...<ref name":0">ref goes here</ref>"}}
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@@ Line 23: / Line 23: @@
 This is a list of all consumer protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:{{FULLPAGENAME}}|{{PAGENAME}} category]].
-*[[Example incident one]] (date): Short summary of the incident (could be the same as the summary preceding the article).
+*'''Leveraged crypto position closures''': On 8 January 2021, eToro notified its European customers that "due to exceptional market volatility within the crypto markets", margin positions for all leveraged crypto positions must be closed and turned into non-leveraged. Customers were cautioned that non-compliance would result in position closures within four hours.<ref>https://www.wsj.com/articles/online-platform-etoro-called-in-leveraged-crypto-trades-when-bitcoin-price-peaked-11610389892</ref>
-*[[Example incident two]] (date):
+*'''Closure of customer positions in Magnit shares''': On 2 March 2022, eToro closed customers' positions in Magnit shares at $0.01 a share, paying out customers. Before the Russian invasion of Ukraine in February 2022, Magnit shares were worth $14.20 a share.<ref>https://www.bloomberg.com/news/articles/2022-03-05/russia-stock-market-controversy-etoro-blindsides-traders-with-magnit-sale</ref><ref>https://www.forbes.com/sites/javierpaz/2022/03/04/etoro-clients-up-in-arms-over-forced-exit-from-russian-investments/?sh=59053f2d1f8b</ref>
+*'''False advertising in Italy''': In 2023, the Italian Competition Authority imposed a fine of €1.3 million on eToro for misleading advertising. The Authority concluded that eToro's Italian website promoted zero-commission share trading and did not disclose multiple costs and financial risks, including currency exchange rate fluctuations and functional limits on clients' rights. Such nondisclosures induced customers to act in ways they would not have acted, in violation of Articles 20, 21, and 22 of the Italian Consumer Code.<ref>https://en.agcm.it/en/media/press-releases/2023/7/PS12313</ref><ref>https://www.reuters.com/business/italy-antitrust-body-fines-etoro-misleading-consumers-2023-07-17/</ref>
 ==Products==