13 May 2024 – Trading and investing platform eToro, today announced it has achieved SOC 2 Type II Compliance Certification, demonstrating a strong commitment to data security and privacy of its custody operations.
SOC 2 Type II Compliance Certification is an auditing procedure designed to ensure that service providers securely manage data to protect the privacy of their clients. “SOC” stands for system and organisation controls, and the certification is particularly relevant for technology and cloud computing companies that store customer information.
Hedva Ber, Deputy CEO and COO at eToro, said: “Our clients entrust us with their money and in return we commit to having the very best systems and processes in place to safeguard both those funds and their data. Earning the SOC 2 Type II Compliance Certification highlights our dedication to the operational excellence of our custody operations, showcasing our commitment to safeguarding our clients’ data security and privacy.”
Developed by the American Institute of CPAs (AICPA), this certification verifies that eToro has implemented and maintained stringent controls and safeguards to protect client data, adhering to the highest standards in terms of security, integrity, and confidentiality.
The SOC 2 Type II certification was issued by Grant Thornton following an extensive audit of eToro’s systems, processes, and controls from 01/08/2022 to 30/06/2023.
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Regulation and Licence numbers
UK
eToro (UK) Ltd, is authorised and regulated by the Financial Conduct Authority (“FCA”). Firm Reference Number: 583263. Registered in England under Company No. 07973792
Europe
eToro (Europe) Ltd, is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under licence number 109/10. Registered in Cyprus under Company No. HE 200585.
Australia
eToro AUS Capital Limited(“eToro Australia”) is regulated by the Australian Securities & Investments Commission (“ASIC”) for the provision of financial services and products. Australian Financial Services Licence number: 491139.
UAE
eToro (ME) Limited, is licensed and regulated by the Abu Dhabi Global Market (“ADGM”)’s Financial Services Regulatory Authority (“FSRA“) as an Authorised Person to conduct the Regulated Activities of (a) Dealing in Investments as Principal (Matched), (b) Arranging Deals in Investments, (c) Providing Custody, (d) Arranging Custody and (e) Managing Assets (under Financial Services Permission Number 220073) under the Financial Services and Market Regulations 2015 (“FSMR”). Its registered office and its principal place of business is at Office 207 and 208, 15th Floor Floor, Al Sarab Tower, ADGM Square, Al Maryah Island, Abu Dhabi, United Arab Emirates (“UAE”).
US
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