Is eToro a Scam? Regulation Check 2026
We checked eToro's licence in the official ASIC register. Here is what the public records say.
Verdict
eToro is NOT a scam. It holds ASIC licence 491139, authorising it to offer trading services in Australia.
How to verify on the official register
| Regulator | ASIC ASIC Australian Securities and Investments Commission (ASIC) |
| Licence Number | 491139 |
| Regulated Entity | eToro AUS Capital Ltd |
| Founded | 2007 |
| Listed | NASDAQ:ETOR — publicly audited |
What ASIC regulation means
ASIC-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with ASIC directly.
What ASIC regulation means for your money
- Client funds held in segregated bank accounts, separate from eToro's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with ASIC if eToro fails to resolve your issue
- eToro submits to regular independent financial audits under ASIC oversight
Frequently Asked Questions
Is eToro a scam or legitimate?
eToro is NOT a scam. It holds ASIC licence number 491139. ASIC is one of the world's most respected financial regulators. The licence is publicly verifiable in the ASIC official register.
How do I check eToro's ASIC licence?
Go to the official ASIC website and use the public register search. Search for licence number 491139 or the entity name. The record will confirm eToro's authorisation status and the scope of its permissions.
Are my funds safe with eToro?
As an ASIC-regulated broker, eToro must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if eToro encounters financial difficulties.
What protection do I have as a eToro client in Australia?
In Australia, eToro operates under ASIC supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with ASIC.
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