Samuel Christopher P Nelson#95

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Is eToro safe or a scam broker?

eToro, officially eToro Group Ltd, was founded in 2007 and is headquartered in Tel Aviv, Israel, with offices in London, Cyprus, and Sydney. It is one of the world’s largest social trading platforms, boasting over 30 million registered users worldwide. The group operates under several regulated entities: eToro (UK) Ltd, authorized by the Financial Conduct Authority (FCA); eToro (Europe) Ltd, regulated by CySEC; and eToro AUS Capital Pty Ltd, licensed by ASIC. Its official website is https://www.etoro.com . These regulators enforce strict client protections, including segregated funds, negative balance protection, and transparent reporting. In Europe and the UK, clients also benefit from compensation schemes. eToro is widely recognized for pioneering copy trading, allowing users to replicate the trades of professional investors. Independent reviews consistently classify eToro as a safe and regulated broker, not a scam. While some users critique spreads and withdrawal times, there is no credible evidence of fraud. Its global presence, strong licensing, and transparency place it in the high-trust category.