Is eToro a Scam? Regulation Check 2026
We checked eToro's licence in the official FSAS register. Here is what the public records say.
Verdict
eToro is NOT a scam. It holds FSAS licence SD076, authorising it to offer trading services in Nigeria.
How to verify on the official register
| Regulator | FSAS Seychelles Financial Services Authority (FSAS) |
| Licence Number | SD076 |
| Regulated Entity | eToro (Seychelles) Ltd |
| Founded | 2007 |
| Listed | NASDAQ:ETOR — publicly audited |
What FSAS regulation means
FSAS-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with FSAS directly.
What FSAS regulation means for your money
- Client funds held in segregated bank accounts, separate from eToro's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with FSAS if eToro fails to resolve your issue
- eToro submits to regular independent financial audits under FSAS oversight
Frequently Asked Questions
Is eToro a scam or legitimate?
eToro is NOT a scam. It holds FSAS licence number SD076. FSAS is one of the world's most respected financial regulators. The licence is publicly verifiable in the FSAS official register.
How do I check eToro's FSAS licence?
Go to the official FSAS website and use the public register search. Search for licence number SD076 or the entity name. The record will confirm eToro's authorisation status and the scope of its permissions.
Are my funds safe with eToro?
As an FSAS-regulated broker, eToro must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if eToro encounters financial difficulties.
What protection do I have as a eToro client in Nigeria?
In Nigeria, eToro operates under FSAS supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with FSAS.
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