eToro €1M insurance ALERT

I want to ask you to update your eToro review about their insurance (which is a joke, borderline false advertisement).

They try to trick you into believing that your money is safe with them up to €1M, however, if you read their policy you can find the surprising fact that the insurance maximum limit is €25MM for the whole company. I’d guess that this insurance would cover a very very tiny amount per investor in case of actual claim.

https://www.etoro.com/wp-content/uploads/2023/01/Insurance-Disclosure-to-Clients-2022-.docx.pdf

This kind of shadiness would be enough for me not to be their customer, but everyone is different obviously. I only ask you to update your review accordingly, since this is an important missing piece when it comes to security:

Hi there,

Thank you for bringing this to our attention. We strive to make our reviews as informative and accurate as possible, and we’ve now included your suggestion regarding eToro’s insurance in the review.

Please let us know if you have any questions.

Kind regards,
Andris

1 Like

Awesome. Thank you for keeping the reviews up to date.