Global investment platform eToro has announced its expansion into Singapore after receiving a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). This development marks a significant milestone for eToro, allowing eligible retail investors in Singapore to access a wide range of financial instruments on its social investing platform.
Yoni Assia, eToro’s Co-Founder and CEO, highlighted the importance of this move, stating, “Singapore is one of the most dynamic financial markets in Asia-Pacific and a gateway to global capital flows.” The CMS licence enables eToro to offer stocks from over 20 leading stock exchanges, exchange-traded funds, and derivatives to Singaporean investors.
The expansion is further bolstered by the appointment of Yaki Razmovich as Managing Director of eToro Singapore and Asia. Razmovich expressed enthusiasm about the company’s growth in the region, saying, “We are excited to be part of this dynamic market and to contribute to its growth by providing investors in Singapore with access to a wide range of financial instruments.”
eToro’s platform allows users to view other investors’ portfolios, interact with them, and practise trading using a Virtual Portfolio. The company also offers extensive educational resources through the eToro Academy.
This strategic expansion into Singapore is part of eToro’s broader mission to connect investors globally and provide them with the tools to enhance their financial knowledge and wealth. As eToro continues to grow its presence in the Asia-Pacific region, it aims to invest in local talent and partnerships, further embedding itself within Singapore’s fintech ecosystem.
“`
