<-- test --!> eToro Enters Singapore amid Approval of MAS Licence – Best Reviews By Consumers

eToro Enters Singapore amid Approval of MAS Licence

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Wednesday, 16/07/2025 | 04:24 GMT by
Arnab Shome

  • Yaki Razmovich, who joined the company earlier this year, will head its operations in Singapore.
  • It also has plans to expand further across Asia.

Yoni Assia, Co-Founder & CEO, eToro, at Web Summit 2021 in Portugal

Yoni Assia, Co-Founder & CEO, eToro, at Web Summit 2021 in Portugal (photo: Wikimedia)

eToro has officially expanded its services to Singapore after receiving its Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS), the company announced today (Wednesday).

eToro Gets Singapore Licence

The Southeast Asian expansion of the company did not come as a surprise. FinanceMagnates.com first reported on the Nasdaq-listed company’s plans to seek a Singapore licence last year. eToro later revealed in its initial public offering (IPO) prospectus that it had received in-principle approval from the Singapore regulator.

Now, retail investors in Singapore can access eToro locally and trade stocks from over 20 stock exchanges, along with exchange-traded funds and derivatives.

“Singapore is one of the most dynamic financial markets in Asia-Pacific and a gateway to global capital flows,” said Yoni Assia, Co-Founder & CEO at eToro.

“By activating our CMS licence, we are advancing our mission to open the world’s markets, connect investors to leading voices, and give everyone the tools they need to grow their knowledge and wealth,” he said.

Earlier this year, eToro also appointed Yaki Razmovich as Managing Director for Singapore and the broader Asia region. He is responsible for building the platform’s franchise in Singapore and expanding its presence across Asia.

Yaki Razmovich, eToro’s Managing Director for Singapore

“Our goal is to support new and experienced investors alike through eToro’s unique products and user-friendly platform,” Razmovich added.

An Expensive Expansion Drive?

In addition to the Singapore expansion, the Israeli fintech also has other growth plans. As FinanceMagnates.com reported earlier, the platform intends to launch options trading for its non-United States users later this year. However, it has already been offering options trading services to its US customers since November 2022.

Interestingly, the public broker recently secured a $250 million revolving credit facility from a syndicate of major global banks. Although the company only stated that the credit line would support its “long-term strategic growth initiatives,” it may be used for expansions or acquisitions.

Meanwhile, Singapore has become a key choice for brokers and crypto platforms aiming to expand into Asia. The local regulator remains strict and recently blocked access to XM and Octa for offering services in the city-state without a local licence.

eToro has officially expanded its services to Singapore after receiving its Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS), the company announced today (Wednesday).

eToro Gets Singapore Licence

The Southeast Asian expansion of the company did not come as a surprise. FinanceMagnates.com first reported on the Nasdaq-listed company’s plans to seek a Singapore licence last year. eToro later revealed in its initial public offering (IPO) prospectus that it had received in-principle approval from the Singapore regulator.

Now, retail investors in Singapore can access eToro locally and trade stocks from over 20 stock exchanges, along with exchange-traded funds and derivatives.

“Singapore is one of the most dynamic financial markets in Asia-Pacific and a gateway to global capital flows,” said Yoni Assia, Co-Founder & CEO at eToro.

“By activating our CMS licence, we are advancing our mission to open the world’s markets, connect investors to leading voices, and give everyone the tools they need to grow their knowledge and wealth,” he said.

Earlier this year, eToro also appointed Yaki Razmovich as Managing Director for Singapore and the broader Asia region. He is responsible for building the platform’s franchise in Singapore and expanding its presence across Asia.

Yaki Razmovich, eToro’s Managing Director for Singapore

“Our goal is to support new and experienced investors alike through eToro’s unique products and user-friendly platform,” Razmovich added.

An Expensive Expansion Drive?

In addition to the Singapore expansion, the Israeli fintech also has other growth plans. As FinanceMagnates.com reported earlier, the platform intends to launch options trading for its non-United States users later this year. However, it has already been offering options trading services to its US customers since November 2022.

Interestingly, the public broker recently secured a $250 million revolving credit facility from a syndicate of major global banks. Although the company only stated that the credit line would support its “long-term strategic growth initiatives,” it may be used for expansions or acquisitions.

Meanwhile, Singapore has become a key choice for brokers and crypto platforms aiming to expand into Asia. The local regulator remains strict and recently blocked access to XM and Octa for offering services in the city-state without a local licence.

Arnab Shome

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Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

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    FMAS:25 | Siju Daniel, ATFX | African Traders Shifting Beyond Forex into Equities, Crypto & Indices

    FMAS:25 | Siju Daniel, ATFX | African Traders Shifting Beyond Forex into Equities, Crypto & Indices


    FMAS:25 | Siju Daniel, ATFX | African Traders Shifting Beyond Forex into Equities, Crypto & Indices

    FMAS:25 | Siju Daniel, ATFX | African Traders Shifting Beyond Forex into Equities, Crypto & Indices


    FMAS:25 | Siju Daniel, ATFX | African Traders Shifting Beyond Forex into Equities, Crypto & Indices

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  • FMAS:25 | Linton White, ATFX Africa | Africa’s Online Trading: Future Opportunities & Key Challenges


    FMAS:25 | Linton White, ATFX Africa | Africa’s Online Trading: Future Opportunities & Key Challenges

    FMAS:25 | Linton White, ATFX Africa | Africa’s Online Trading: Future Opportunities & Key Challenges


    FMAS:25 | Linton White, ATFX Africa | Africa’s Online Trading: Future Opportunities & Key Challenges

    FMAS:25 | Linton White, ATFX Africa | Africa’s Online Trading: Future Opportunities & Key Challenges


    FMAS:25 | Linton White, ATFX Africa | Africa’s Online Trading: Future Opportunities & Key Challenges

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