- eToro pursues expansion into Southeast Asia, applies for a regulatory license in Singapore.
- If approved, eToro will gain its first broker license in Southeast Asia, signaling strategic growth in the region.
Popular trading platform eToro is making a strategic move into the Southeast Asian market with a regulatory license application submitted to the Monetary Authority of Singapore (MAS).
The company confirmed the application is “in process,” potentially granting eToro its first broker license in the region. This initiative fits with eToro’s broader pattern of operating within regulatory frameworks.
The platform already holds licenses and registrations in the United Kingdom, Cyprus, the United States, Australia, and a multitude of other countries.
eToro’s expansion news arrives after a recent advisory issued by the Philippines regulator. While the advisory alleged unauthorized operations in the country, eToro maintains a stance of having no local presence or active promotion of its services in the Philippines.
