Visit to the eToro Limassol Office in Cyprus

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We checked the office of the eToro brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:

st. Profiti Ilias, 4, business center "Kanika", 7th floor, Yermasogeia, 4046, Limassol, Cyprus

Verified the company's address

* The results of this inspection shall not be regarded as an advice to choose the broker.

The company is located at the stated address
We were able to speak to a company representative
We were able to visit the office as clients
Video of the company’s office

Cyprus is one of the most popular jurisdictions for Forex companies. The Cyprus Securities and Exchange Commission (CySec) is a Tier-1 regulator, which means it adheres to stringent regulatory standards set by the European Union.

Traders Union's goal is to help traders understand the operation of eToro under CySEC regulation. Recently, Traders Union visited the office of eToro to verify that the company is genuinely operating in Cyprus and providing services there.

In this article, you will also find all the important information about the broker's regulation under CySEC and other jurisdictions.

Brief dossier of eToro

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Foundation date	2007
Headquarters	eToro (UK) Ltd., 24th floor, One Canada Square, Canary Wharf London, E14 5AB, United Kingdom
Regulation	CySEC, FCA, ASIC
Official site	etoro.com

A visit to the office of eToro in Cyprus

Blinov Vasily, our associate, visited the office of eToro located at the following address: st. Profiti Ilias, 4, business center "Kanika", 7th floor, Yermasogeia, 4046, Limassol, Cyprus to conduct a thorough inspection and prepare a video report. Blinov Vasily is an experienced professional with extensive knowledge of the Forex market and methods of research.

The eToro office is located in the Kanika International Business Center on the prestigious Limassol waterfront just 100 meters from the Mediterranean Sea. Built to meet the needs of large and high performing businesses, the building is only a 5 minute drive from the city center and the most prestigious 5 star hotels in Limassol. Companies with international operations and local business are located here. eToro offices occupy the third, as well as the sixth and seventh floors.

eToro Office

A video report of the visit to the broker’s office

Our goal is to provide clients with full and impartial information about operation of the brokerage company, and we are sharing the results of its inspection in the format of a video report.

eToro Office

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Is a eToro safe broker?

Traders Union experts believe that eToro is a safe broker. This is evidenced by several factors, including:

Tier-1 Regulation: Regulated by a Tier-1 authorities.
Investor Protection Fund: Participation in the Investor Compensation Fund.
Segregated Accounts: Client funds are kept separate from company funds.
Longevity: eToro has a long history of reliable operating.

eToro safety and regulation

All eToro regulator	Country of regulation	Regulation level	Investor protection fund	Segregated Account
FCA UK	United Kingdom	Tier-1	Up to £85,000	Yes
CySec	Cyprus	Tier-1	Up to €20,000	Yes
ASIC	Australia	Tier-1	No specific fund but has stringent consumer protection	Yes
FSA (Seychelles)	Seychelles	Tier-3	No specific fund	Yes

How does CySEC regulation protect investors?

EU Rules Compliance: Adheres to EU regulations on leverage. Limits leverage to a maximum of 30:1 for major currency pairs to reduce risk.
Investor Compensation Fund (ICF): Provides up to €20,000 compensation per client if the broker becomes insolvent.
Transparency and Accountability: Ensures brokers operate with high standards of transparency.
Client Fund Segregation: Requires brokers to keep client funds separate from company funds.
Strict Licensing: Only grants licenses to brokers meeting rigorous standards.
Continuous Monitoring: Regular audits and oversight to ensure compliance.

Beyond the office: practical advice for Forex investors

As we conclude our in-depth look at the broker's operations in this country, we’d like to offer additional advice for traders, considering this broker:

When reading about office visits, pay close attention to the level of transparency exhibited by the broker during these interactions. A broker's willingness to openly showcase their operations and candidly answer questions during third-party visits, such as those conducted by Traders Union, is a positive indicator of their business practices.

In the case of any broker, including eToro, their openness about risk management protocols, order execution processes, and client fund segregation practices during office visits aligns with industry best practices. Remember, transparency isn't just about what a broker shows, but also how they respond to challenging questions.

Brokers who provide detailed, honest answers to queries about their business model, including potential conflicts of interest, tend to have 40% fewer regulatory issues over a five-year period.