EToro compliance index

Overview of eToro
eToro is a social trading and multi-asset brokerage company that specializes in creating a platform where users can view, follow, and automatically copy the network’s best performing traders. With its innovative approach to tradings, eToro allows users to trade and invest in a wide range of financial instruments including stocks, commodities, currencies, cryptocurrencies, and ETFs.

History of eToro
eToro was founded in 2007 by brothers Ronen and Yoni Assia and their partner David Ring, with the vision of making trading accessible to anyone, anywhere, and reducing dependency on traditional financial institutions. The company has grown significantly since its inception, with millions of registered users spread across various countries.

The typical data processed by eToro
eToro processes various types of user data for the purpose of providing its services. Information processed may include personal identification information, financial and transactional data, preferences and behavior data and technical data, such as login data and internet protocol (IP) addresses.

Where eToro operates
eToro operates worldwide, accepting customers from various parts of the globe. However, it is primarily regulated by the Cyprus Securities and Exchange Commission in Europe, the Financial Conduct Authority in the UK, the Australian Securities and Investments Commission in Australia, and the Financial Services Authority in the Seychelles.

Key features of eToro
eToro's main services revolve around their social trading platform and their variety of asset classes available for trading. Key features include CopyTrader which allows users to mirror the strategies of successful traders, and CopyPortfolios, a managed portfolio grouping top performing strategies from other traders. eToro is also known for its transparent pricing model and its easy-to-use platform.

Monitoring for Data Compliance
Monitoring and comparing vendors like eToro from a data compliance perspective is crucial for businesses. Companies that share sensitive data with eToro need to ensure the protection of their information and that eToro adheres to all relevant data protection regulations. With eToro's global presence, understanding their data governance strategies and their compliance with regulations in different regions can help businesses avoid potential legal complications. Comparison sites provide an invaluable tool for businesses to understand and evaluate the data protection practices of vendors like eToro and ensure their practices comply with relevant legislation.