eToro provides its clients with free insurance purchased from Lloyd’s of London, one of the world’s leading providers of specialist insurance, giving coverage of up to 1 million Euro, GBP, or AUD (depending on the region). The insurance is given automatically to all eToro clients — there is no need to register.
The insurance covers claims of Eligible Clients (of eToro (Europe) Ltd., eToro (UK) Ltd. and eToro AUS Capital Pty Ltd.) suffering losses due to the unlikely event of eToro’s insolvency and in case of Event of Misconduct (as defined in the applicable Policy).
The insurance covers: (i) up to 1 million Euro, GBP or AUD (depending on the regulated entity); (ii) up to the aggregate limit purchased by eToro; and (iii) subject to an excess amount (as defined per applicable Policy).
The insurance covers cash, all CFD positions, and securities. Note that cryptoassets trading (non-CFD) are not covered by the insurance, as set in the applicable Policy.
Three Layers of Protection
In the unlikely event of an eToro insolvency, eToro clients have three layers of protection.
- The assigned liquidator: In case of insolvency, the assigned liquidator will manage eToro’s assets and money distribution among its clients, if applicable.
- Regulatory protection: For clients under FCA or CySEC regulations, certain regulatory schemes apply (FSCS and ICF, respectively), which compensate clients in the event of insolvency and a shortfall of client funds. The FSCS (FCA) offers coverage of up to 85,000 GBP; while ICS (CySEC) offers coverage of up to 20,000 Euros.
- Private insurance: Provided by Lloyd’s of London, this investment insurance policy covers losses suffered due to insolvency, subject to an excess amount, and up to 1 million GBP/Euro/AUD per client as described above.
eToro Insurance — Frequently Asked Questions
Which products are covered by the insurance policy?
What does it really mean?
Is the eToro insurance available to all of its clients?
Does it have an expiry date?
When will the insurance be triggered?
How does eToro hold my money?
eToro offers additional services, such as:
Your Funds are Kept in a Segregated Account
eToro’s top priority is to keep its clients, and their funds, safe and secure. For this reason, every penny deposited by a client is held in a separate, segregated account. This means that even in the highly unlikely event of eToro’s insolvency, your funds will be safe.
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Terms and Conditions apply. For more information, please refer to the eToro insurance Terms and Conditions.