eToro Expands in Singapore with MAS License
eToro has expanded in Asia-Pacific by securing a Capital Markets Services license from the Monetary Authority of Singapore (MAS). It will let the platform offer regulated trading services in one of Asia’s most important financial hubs. It enables deeper market access for eToro.
eToro’s Expansion into Singapore
eToro appointed Yaki Razmovich earlier this year to lead its Asia operations. His hiring shows eToro’s focus on building a strong leadership team with regional expertise. The company has also opened new offices in Singapore to support its local operations.
About the MAS Capital Markets Services License
eToro can offer regulated financial services to eligible retail investors in Singapore with the CMS license. Users will get access to stocks from over 20 of the world’s leading stock exchanges. The platform will also provide exchange-traded funds (ETFs) and derivatives. All of this will be available through eToro’s social investing platform. It lets users learn from others and share strategies in real time.
Benefits for Traders
This expansion can offer these benefits:
Access to Global Markets
Investors in Singapore can trade with eToro under a fully licensed and regulated framework. It adds security and trust to their trading activities.
Exposure to 20+ Global Exchanges
Traders can access stocks listed on more than 20 major stock exchanges worldwide. It enables better portfolio diversification and access to international opportunities.
ETFs and Derivatives
Now, eligible retail investors can trade multiple instruments, including ETFs and derivatives. It allows for more flexible strategies, such as hedging and sector-focused investing.
eToro’s Social Investing Tools
Users in Singapore can benefit from eToro’s unique social investing features. They can follow experienced traders, copy their strategies, and share insights with a global community.
Seamless Local Experience
eToro can understand and support local investor needs better with a dedicated Singapore office and leadership. It improves user experience and service quality.
About eToro
eToro is a social trading and multi-asset brokerage platform. It allows users to trade and invest in varied financial instruments, including stocks, ETFs, cryptocurrencies, and CFDs. The platform has unique social trading features like CopyTrader. It lets users replicate the trades of experienced investors. eToro crossed over 35 million users by 2023. It serves in more than 100 countries. Recently, eToro partnered with Franklin Templeton to launch six new investment portfolios.
Summing Up
The MAS license enables the company to deliver more investment options to Singapore-based users. eToro’s presence adds to the strength of Singapore’s growing fintech ecosystem.
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