Global trading platform eToro has officially entered the Singapore market following the approval and activation of its Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS). The move marks a significant milestone in the company’s Asia-Pacific growth strategy.
The licence enables eligible retail investors in Singapore to access a wide array of financial instruments via eToro’s social investing platform, including stocks from over 20 global exchanges, ETFs, and derivatives.
Yoni Assia, Co-Founder and CEO of eToro, hailed the development as a strategic leap: “Singapore is one of the most dynamic financial markets in Asia-Pacific and a gateway to global capital flows. By activating our CMS licence, we are advancing our mission to open the world’s markets and empower investors with the tools to grow their knowledge and wealth”.
The expansion follows the appointment of Yaki Razmovich as Managing Director for Singapore and Asia. Razmovich will oversee regional operations and spearhead eToro’s efforts to build local partnerships and invest in talent.
With over 40 million registered users globally, eToro continues to position itself as a leader in collaborative investing. The company’s platform allows users to interact, view portfolios, and access educational resources through features like the Virtual Portfolio and eToro Academy.
This latest move underscores Singapore’s growing appeal as a fintech hub, even as regulators maintain strict oversight of financial services providers operating in the region.
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