FCA license approval for eToro
Following eToro’s license approval by the UK Financial Conduct Authority (FCA) in May of this year, the world’s number one social investment network is on the verge of setting up shop in London.
FCA approval is a significant gain for eToro. The approval affirms eToro’s entitlement to offer financial services to UK users, and is a confirmation of its compliance with applicable regulations.
In all likelihood, the FCA approval will considerably add to the company’s rapid growth in the UK area.
Arguably unique in its concept, the eToro trading platform successfully combines features of social networking and an online brokerage account. eToro users are able to share news and investment opportunities, as well as follow and copy actual transactions of fellow social investors in real time.
eToro’s mission statement is to revolutionize the way people access the financial markets and make their trading experience more social, simple, enjoyable and transparent. Success of this revolutionary combination of social networking and online trading is evidenced by a sterling 64%, or 32 million, of all trades made as copies of previous transactions.
Having sparked the greater public’s interest in online securities trading and making it both more social and accessible, eToro is here to stay as the world’s leading social investment network.
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