Are my assets with etoro insured?

Cryptocurrency

Your cryptocurrency at etoro is not insured.

Cash

etoro offers trading through a mobile application (also available through

<https://www.etoro.com/en-us/)> where customers can purchase stocks, exchange-traded

funds (ETFs), cryptocurrencies, and equity options. Securities trading is offered by

etoro USA Securities Inc., member of FINRA and SIPC, a self-directed broker-dealer

that does not provide recommendations or investment advice.

Cryptocurrency trading services are offered by etoro USA LLC (“etoro USA”) or by

etoro NY LLC (“etoro NY”) for residents of New York. Both etoro USA and etoro NY

are FinCEN-registered money services businesses, with etoro USA holding licenses

under applicable state law and etoro NY holding a money transmitter license and virtual

currency license under New York law. Cryptocurrency trading services are not available

for residents of Hawaii, Nevada, Puerto Rico, and the US Virgin Islands (“Select

States”). Residents of those Select States are able to open a brokerage account with

etoro USA Securities Inc. where they can trade stocks, exchange-traded funds (ETFs),

and - if eligible - options.

You can deposit and withdraw funds with etoro USA or etoro NY through several

different methods. The settlement times for those transfers may vary. Once your cash

settles at etoro USA, it is held with different custodians based on the account type.

Regardless of the type of account you have at etoro USA, please note that Federal

Deposit Insurance Corporation (FDIC) insurance only covers the failure of an

FDIC-insured bank and does not protect against the failure of etoro USA, etoro NY, or

any malfeasance by an etoro employee. Learn more about FDIC insurance

coverage here.

For the residents of states other than the Select States, customer cash in an etoro USA

or etoro NY account for stock, ETF, and cryptocurrency trading has been deposited in

custodial account(s) opened for the benefit of etoro USA LLC or etoro NY LLC

customers at the following FDIC-insured bank(s): Customers Bank and/or JPMorgan

Chase Bank NA. Customer cash is insured by the FDIC for up to $250,000 per

depositor (an individual etoro USA customer) against the failure of the FDIC member

bank (subject to the FDIC’s determination of eligibility). This coverage amount is

inclusive of other cash a customer may have at that bank outside of the etoro USA or

etoro NY custodial account. As noted above, FDIC insurance does not protect against

the failure of etoro USA.

Cash held in your etoro options account, and the cash held in any account for residents

of Hawaii, Nevada, Puerto Rico, and the US Virgin Islands is deposited with Apex

Clearing Corporation, our securities clearing firm. Apex sweeps available cash in that

options account to deposit accounts opened by Apex at FDIC-insured banks (current list

here). Learn more about Apex’s cash sweep program here. You can opt out of this cash

sweep program offered by Apex by contacting etoro Customer Service. In addition,

Apex and etoro USA Securities Inc. also offer a High Interest Cash Program that pays

customers interest for their cash held in their etoro Options account. Enrollment is

required and fees may apply. Learn more

Stocks/ETFs/Options

US stocks, ETFs, or options purchased through your etoro USA Securities Inc.

brokerage account(s) are eligible for Securities Investor Protection Corporation (SIPC)

insurance in the event of etoro USA Securities Inc.’s failure. SIPC protection is limited

to $500,000 per customer, including a $250,000 limit for cash. Please note that SIPC

does not cover market losses, but only the failure of a broker-dealer. Learn more about

SIPC coverage

Our clearing firm, Apex Clearing Corporation, has purchased an additional insurance

policy to provide extra protection for securities and cash held in brokerage accounts up

to an aggregate of $150 million across all Apex Clearing brokerage accounts, subject to

sub-limits for any one customer of $37.5 million for securities and $900,000 for cash.

This policy does not cover market losses.

FDIC insurance does not cover stocks, ETFs, options, or cryptocurrency, and no

insurance covers market losses.