eToro UK Ltd. (“eToro UK”) is covered by the Financial Services Compensation Scheme (“ FSCS”), the United Kingdom’s compensation scheme.
The FSCS is the UK’s compensation fund of last resort for customers of UK Financial Conduct Authority (“FCA”) authorized and regulated financial services firms. If in the unlikely event eToro UK ceases trading/enters insolvency and in the event that there is a shortfall in client money and/or customer assets, the FSCS may be able to pay compensation to eToro UK’s customers.
Any money deposited with or assets held by eToro UK will be treated as investments for the purposes of the FSCS. Accordingly, the maximum amount of compensation per person is £85,000.
For any further information regarding the FSCS, please go to: www.fscs.org.uk/
Investor Compensation Fund
Subject to the provisions of the Directive, the Cyprus Investor Compensation Fund (“ICF”) gives investment protection coverage of up to €20,000 for claims against products and services authorized under the eToro (Europe) Ltd (“eToro Europe”).
The Fund shall initiate the compensation payment procedure when the Commission or a Court of the Republic, has made a ruling that eToro Europe appears that is unable to meet its obligations arising out of investors’ claims.
The procedure of invitation to submit applications: the Fund shall publish as soon as possible in at least two national newspapers, an invitation to submit applications for compensation, designating the procedure for the submission.
For any further information regarding the ICF, please go to: https://www.cysec.gov.cy/en-GB/investor-protection/
Which Compensation Schemes apply to me and when?
Please refer to the tables below for details of which compensation schemes apply to which clients and for which products and services.