Is eToro a Scam? Regulation Check 2026
We checked eToro's licence in the official FinCEN register. Here is what the public records say.
Verdict
eToro is NOT a scam. It holds FinCEN licence N/A, authorising it to offer trading services in United States.
How to verify on the official register
| Regulator | FinCEN FinCEN |
| Licence Number | N/A |
| Regulated Entity | eToro USA LLC |
| Founded | 2007 |
| Listed | NASDAQ:ETOR — publicly audited |
What FinCEN regulation means
FinCEN-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with FinCEN directly.
What FinCEN 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 FinCEN if eToro fails to resolve your issue
- eToro submits to regular independent financial audits under FinCEN oversight
Frequently Asked Questions
Is eToro a scam or legitimate?
eToro is NOT a scam. It holds FinCEN licence number N/A. FinCEN is one of the world's most respected financial regulators. The licence is publicly verifiable in the FinCEN official register.
How do I check eToro's FinCEN licence?
Go to the official FinCEN website and use the public register search. Search for licence number N/A 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 FinCEN-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 United States?
In United States, eToro operates under FinCEN 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 FinCEN.
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