Dear Investor,
Thank you for reaching out to us.
eToro provides financial services through its website, etoro.com, and is supervised by several financial regulators, including the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Services Authority (Seychelles FSA), the Australian Securities and Investments Commission (ASIC), and the Financial Conduct Authority (FCA).
Before committing real money, it is crucial to verify the broker's registration in your country. In Italy, it is recommended to choose forex brokers registered with the Commissione Nazionale per le Società e la Borsa (CONSOB). However, eToro is listed in CONSOB's "Register of EU Investment Firms: Without Branches," which means the company is authorized to operate in Italy under the European Economic Area (EEA) framework. Therefore, Italian investors' eToro accounts are likely subject to CySEC regulation rather than CONSOB. CySEC is often considered an offshore financial regulator, which may offer fewer protections compared to top-tier regulators like the FCA.
Supervision is just one of the necessary factors to consider when researching a broker. It is also important to read customer reviews and shared experiences. We have added eToro to our Broker List, and many eToro clients have left comments on our platform. You are encouraged to read them here. Additionally, we recommend trying eToro's demo account to understand if their trading conditions meet your needs.
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