Yes, eToro does have an office in the UAE. The broker's entity, eToro (ME) Limited, is registered there. Its principal place of business is located at Al Maryah Island, Abu Dhabi in the United Arab Emirates.
61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
In the midst of the numerous reviews and advertisements for eToro online, I found myself curious about whether they had a physical presence in the UAE before I opened an account with them.
Here's my take on this: Knowing that a broker has a local office or, even better, a license in my country, significantly eases concerns about the safety of my funds.
Driven by this curiosity, I embarked on extensive research, made several calls, and even reached out to eToro's support team to gather accurate information.
My findings were reassuring: eToro does indeed have a local entity in the UAE, known as eToro (ME) Limited. Importantly, this company is licensed and regulated by the Abu Dhabi Global Market (ADGM)’s Financial Services Regulatory Authority (FSRA).
It holds the authorization to conduct various regulated activities under the Financial Services Permission Number 220073, as per the Financial Services and Market Regulations 2015 (FSMR). These activities include:
Furthermore, as a locally regulated broker, eToro maintains a registered office in the UAE. Its principal place of business is located at this address:
eToro (ME) Limited
Office 207 and 208, 15th Floor Floor
Al Sarab Tower, ADGM Square
Al Maryah Island, Abu Dhabi, United Arab Emirates
To verify the authenticity of this information, I contacted both the FSRA and eToro's live chat support, who confirmed the details found on their website.
It's important to note, however, that if you're in the UAE and wish to open an eToro account, there's no need to actually visit this office physically. The entire process can be completed online.
This physical presence of this company in the United Arab Emirates, coupled with its regulatory compliance, offers a significant level of reassurance for potential and current eToro UAE traders like me in the region.
About Wikitoro Team
