eToro Revenue and Usage Statistics (2023)

David Curry

Updated: January 9, 2023

With the introduction of zero-commission stock trading apps, a whole new class of investor joined the stock market. While some apps have shied away from adding tools to inform and help, eToro built its app from the ground up to be beneficial to inexperienced investors.

It did this through its social investment platform, which allows anyone on the app to follow and copy the best performing investors on the network. Through this, inexperienced traders can learn what to watch for and how to manage stocks.

eToro was built by two brothers, Yoni and Ronen Assia, in 2007. The app truly came online in 2010 with the introduction of the social network, and the company added hundreds of stocks from the UK, Germany and US.

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In 2014, eToro added bitcoin trading to its investment instruments. It followed up in 2017 with a new trading platform, based on Blockchain technology. It wasn’t until 2019 that eToro reduced all its commissions to zero, following from the success of Robinhood.

eToro, like a lot of fintech businesses, has seen its usage and valuations rise sharply in the past two years. It has added seven million active users since the pandemic started, while its valuation also increased tenfold.

Even though eToro still has a majority of its users in Europe, it is attempting to expand into the US through its zero-commission stock trading and cryptocurrency exchange. It plans to IPO on the NASDAQ through a SPAC later this year.

We have collected data and statistics on eToro. Read on below to find out more.

eToro key statistics

eToro generated $1.2 billion revenue in 2021, a 103% year-on-year increase
In June 2021, eToro reached 20 million active users
It set an IPO valuation of $10.4 billion, a 316% increase on its 2020 valuation

eToro overview

Title 1	Title 2
Launch date	16 January 2007
HQ	Tel Aviv-Yafo, Israel
People	Yoni Assia (CEO), Ronen Assia (executive director), Shalom Berkovitz (CFO)
Business type	Private
Owner	Stock trading and cryptocurrency exchange

eToro revenue

eToro generated $1.2 billion revenue in 2021, a 103% increase on the previous year. This is the second year it has posted over 100% increase in revenue.

eToro annual revenue 2016 to 2021 ($mm)

Year	Revenue ($mm)
2016	60
2017	263
2018	369
2019	245
2020	605
2021	1234

Source: Company data

eToro active accounts

eToro has 2.7 million active accounts, which are considered active when they have money deposited.

eToro annual active users 2019 to 2021 (mm)

Year	Active users (mm)
2019	1.1
2020	2
2021	2.8

Source: SEC

eToro registered users

eToro reached 20 million registered accounts in June 2021, although the majority do not actively use the platform.

eToro annual registered users 2016 to 2021 (mm)

Year	Users (mm)
2016	5.6
2017	8.1
2018	10
2019	12
2020	17
2021	20

Sources: Company data, SEC

eToro valuation

eToro reduced its valuation following a delay to its IPO. The new value was set at $8.8 billion, though it may be looking at $6 billion for its next funding round.

eToro valuation 2018 to 2022 ($bn)

Year	Valuation ($bn)
2018	0.8
2020	2.5
2021	10
2022	8.8

Note: 2021 valuation is eToro’s own private valuation pre-IPO. Sources: Bloomberg, Reuters

eToro users vs competitors: global

Want to learn more? Read our stock trading sector profile

eToro FAQ

What is the average age of an eToro user?

The average eToro user is 34 years old

What are the regional demographics of eToro?

69% of users are from Europe, followed by Asia-Pacific (18%) and then the Americas (8%)

What is the job demographics of eToro users?

11% are full-time traders or investors, followed by 10% in computer/IT services and 7% in sales or marketing

What are the most popular stocks traded on eToro?

Bitcoin is the most popular, it accounts for one in every 25 positions opened. Tesla, Microsoft and Apple are the most traded stocks. NASDAQ 100 is the most traded index. Oil is the most traded commodity.

How many countries is eToro in?

eToro is available in 140 countries