How are the funds in my eToro Money account protected?

Your funds in your eToro Money account are held in a designated safeguarding account at an authorised credit institution in the UK and the EU respectively.

Unlike banks, these safeguarded funds cannot be used by eToro Money for anything other than for facilitating your payment transactions.

While the funds held in your eToro Money account are not protected by the banking depository compensation scheme (e.g. FSCS in the UK and the depository compensation scheme in Malta), your funds are protected at all times and in the unlikely event of insolvency, your losses are restricted to the cost of repatriation of funds only.

See our Terms and Conditions and Safe and secure eToro Money page for further information.