What happens if eToro goes bust?

However, despite this absence of traditional deposit insurance, eToro Money takes significant measures to ensure the safety and security of your funds. These measures are designed to protect your assets and mitigate the risks associated with investing in the digital asset space.

In the unlikely event of insolvency, eToro Money has implemented measures to restrict your potential losses. Specifically, your losses would be limited to the cost of repatriating your funds back to you. This means that while there may be some financial impact, it will be minimized and controlled within a specific range.

Additionally, eToro Money utilizes state-of-the-art security protocols and technology to safeguard your funds. This includes encryption, multi-factor authentication, and other advanced security measures to prevent unauthorized access and keep your assets secure.

It is important to note that the funds held in your eToro Money account do not fall under the protection of traditional banking depository compensation schemes, such as the Financial Services Compensation Scheme (FSCS) in the United Kingdom or similar schemes in Malta. This means that in the case of a bank-like institution failing, the funds in your eToro Money account would not be automatically covered by these safety nets.

Furthermore, eToro Money adheres to strict regulatory requirements and guidelines set forth by relevant authorities. This ensures that the platform operates transparently and responsibly, with a focus on protecting the interests of its users.