Exclusive: eToro Fully Commits to FCA Regulated Unit, on Track for Record 2016
Posted: Thu Oct 06, 2016 6:04 pm
The eToro Group made a strategic decision in 2014 to invest in its FCA regulated UK entity, which commenced trading in November 2015 and is on track to break even in 2016, the founder and CEO of eToro Yoni Assia shared with Finance Magnates. The Financial Conduct Authority (FCA) regulated unit of the company has filed with the UK Companies House its report for the full year 2015, which basically outlines the investment of the company into its UK-based unit.
During the year the board of the social trading company voted on an additional capital raise of $550,000. The amount was provided by ... (read more)