eToro has been around since 2007 and is one of the biggest investment platforms in the world with 30 million users worldwide. They are a pioneer in making investing more mainstream and have been at the forefront of the movement to make it easier to invest for everyday people.Source :https://b3i.tech/reviews/etoro-review/is-etoro-safe/

In terms of security, eToro is highly regulated and has several layers of protection for their users. They use industry-standard SSL encryption to protect your sensitive information and all funds are kept in segregated accounts which are separate from the company’s operating capital. This means that if the company went bankrupt, you would be guaranteed to receive your money back. Additionally, eToro is registered as a Money Services Business with FinCEN in the US and a member of the international Egmont Group which fights anti-money laundering and terrorist financing.

eToro Regulation and Security: What Every Investor Should Know

They also follow strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols and have a dedicated team that monitors all transactions to ensure compliance with their regulations. They have a zero tolerance policy for any illegal activity and will immediately terminate accounts and notify the authorities of any suspicious activity. They also enforce data privacy policies which align with regulatory requirements such as GDPR in Europe.

Lastly, eToro is now publicly listed on the NASDAQ under the ticker ETOR and they must publish audited financials, maintain transparency, and other corporate governance rules. These measures give me confidence that they are doing what they can to keep their users safe and secure. However, as a trader, you still need to take responsibility for your own account and only invest money that you are willing to lose completely.