How does etoro hold my money?

Your funds (except for margin) will be held in segregated bank accounts / qualifying money market funds or in segregated accounts with another authorised firm which may be an affiliate of ours (i.e. will be held separately from our own funds), in accordance with the applicable laws and regulations.

Unless we agree to do so with you separately, we will not pay interest on any client money we hold. If interest is accumulated on such funds, it shall not be deemed part of the clients’ funds and shall not be credited to your account.

Use of Qualifying Money Market Funds

In accordance with FCA & MIFID rules, etoro (UK) Ltd and etoro (Europe) Ltd may place your money into units or shares of a qualifying money market fund (QMMF) instead of holding it in a traditional client money account.

This means:

• Your funds will not be held as client money under FCA/MIFID client money rules.
• Instead, they will be held as safe custody assets under FCA/MIFID  custody rules.
• The assets will be held separately from etoro's own assets.

Key Risks:

• QMMFs are considered low risk, but they are not risk-free.
• If the QMMF fails and you suffer a loss, etoro may choose to compensate you, but we are not legally required to do so.

Upon accepting our terms and conditions and providing consent, your funds may be placed in a QMMF. If you wish to opt out, please notify us in writing, and we will assist you.