If you are trading with eToro or considering them as your next broker choice, you are with one of the best. You should check out our eToro review for the full low down on everything they offer.
With that complete, you will know they are an extremely trusted, well-regulated broker. This includes eToro ASIC regulation in Australia. That is exactly what we will cover here. We will examine the finer details of their ASIC regulation, and what exactly this offers you as a trader.
Let’s get started.
Table of contents
Is eToro an ASIC Broker?
eToro is one of the best-known brokers in the industry, and to that end, very much trusted. They are regulated by ASIC under the number 621 283 369 and have been so since 24/08/2017. ASIC has always been one of the top-tier regulators and that has been even more the case since they made some big changes in 2021 to further improve retail trade protection.
|Is eToro ASIC Regulated?||Yes|
|Number of registration||621 283 369|
|Year of registration||2017|
|Broker’s Business Name||eToro AUS Capital Pty Ltd|
For more information on the broker’s regulatory environment and the protections as well as other points including any limitations in place for Australian traders, visit the eToro website.
eToro ASIC: How did Leverage and Features Change since 2021?
There have been a number of changes in ASIC regulations recently, many of which have made them an even more secure regulator for traders. You can now access an increased maximum leverage amount of up to 1:30 on major forex pairs instead of the previous higher leverage that was available.
Like ESMA regulations in the EU, negative balance protection is now mandatory under ASIC so you can never lose more than you invest, trading bonuses like deposit bonuses have now also been banned, and the use of segregated accounts from the brokers is still compulsory for your fund protection.
You can verify each of these points yourself by opening a demo account with eToro. Here you can trade risk-free and without obligation to check out the broker and how they operate.
|Features||eToro ASIC Regulation Now||eToro ASIC Regulation Before|
|Segregated Bank Accounts||Yes||Yes|
|Maximum Leverage on Forex||1:30 (retail)||1:400|
|Negative Balance Protection||Yes||Yes|
Here’s how to double-check the eToro ASIC license
It is very simple if you need or want to double-check the regulations in place at eToro under ASIC. The company operates under the business name of eToro Australia PTY LTD which you can find at the bottom of the homepage.
With that, just head to the ASIC webpage and find the ASIC Companies Register. Select or input the business name, and the next screen should show you the regulatory information as we have included below.
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