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eToro On Track To Close Q4 With A 33% Jump In Revenue

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Written By
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Written By
William Berg
Securities Law Expert
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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James Barra
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James is Head of Content and a brokerage expert with a background in financial services. A former management consultant, he's worked on major operational transformation programmes at top European banks. A trusted industry name, James's work at DayTrading.com has been cited in publications like Business Insider.
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Fact Checked By
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Tobias Robinson
CEO and Head of Broker Testing Panel
Tobias is the CEO of DayTrading.com, an active investor, and a brokerage expert. He has over 30 years of experience in financial services, including supervising the reviews of more than 500 trading brokers, and contributing via CySEC to the regulatory response to digital options and CFD trading in Europe. Tobias' expertise make him a trusted voice in the industry, where he's been quoted in various financial organizations and outlets, including the Nasdaq.
Updated

In a report to the US Securities and Exchange Commission (SEC) this week, eToro revealed it was expecting an excellent finish to Q4. The broker is anticipating a 33% jump in commission revenue, bringing the quarter total to between $285 million and $295 million. The company also onboarded an impressive 2.1 million users in the final three months of the year.

eToro SPAC news

Strong Financials

eToro, which is set to become a publicly listed company following its American SPAC merger, is closing the financial year after a solid final quarter. Revenues are up between 28% and 33% on the $164 million reported in the same period of 2020. This brings total commissions for the year to approximately $1.2 billion, representing a more than 100% increase on last year’s $602 million.

eToro’s 2.1 million new clients will also bring the broker’s total customer base to more than 27 million and is an increase on the 1.6 million new traders acquired in Q3 of 2021. Of course, this is all good news for the brokerage that is working to get its SPAC merger over the line, despite a series of recent delays.

eToro Co-Founder and CEO, Yoni Assia, commented: “Our preliminary fourth quarter 2021 financial metrics show continued strong growth and demonstrate that we are executing very well on our business plan… We continue to see a strong increase in the number of users engaging with our platform across our global footprint and are very excited for what lies ahead in 2022 and beyond.”

About eToro

eToro is a popular online trading platform offering access to a range of financial products, from stocks and shares to forex and cryptos. The brokerage is regulated by both the Cyprus Securities Exchange Commission (CySEC) and the UK Financial Conduct Authority (FCA).

eToro Copy Portfolio
eToro Copy Portfolio

Alongside its intuitive web trader platform, account holders can engage in copy trading using the broker’s free mobile application. Clients can analyse top traders and replicate positions in their own accounts, adjusting trade parameters and risk management tools to meet individual needs.

New users can get started with a low minimum deposit and can choose from a range of popular payment solutions, including PayPal, Skrill, Neteller and Apple Pay, amongst others. A free paper trading account is also available for those wishing to trial the broker’s products and trading tools before investing real cash.

Use the link below to start trading today.

Your capital is at risk. Trade only with funds you can afford to lose.
eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here. 61% of retail accounts lose money.
61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.