eToro Expects to Close Q4 2021 with 33% Higher Commission Revenue
- The company is expecting the commissions to be between $285 million and $295 million.
- It added 2.1 million new users in Q4 alone.

eToro, which is on its way to becoming a public company with an American SPAC merger, is expecting to close the fourth and final quarter of 2021 with total commissions between $285 million and $295 million.
These latest figures were reported on Thursday to the US Securities and Exchange Commission (SEC
Securities and Exchange Commission (SEC)
The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.What Does the SEC Do?In order to achieve its obligations, the SEC enforces statutory requirements that public companies and other regulated companies submit quarterly and annual reports.Such reports are instrumental in unearthing or bringing to light any market abuse or improper action, ensuring a high degree of compliance out of market participants.These reports are also essential in maintaining the transparency of equity markets, namely private companies.Quarterly and semiannual reports from public companies are important for investors to make sound decisions when investing in the capital markets. Investment in the capital markets is not guaranteed by the federal government with such safeguards put in place to add a layer of compliance for example.The SEC is composed of five divisions: Corporate Finance, Trading and Markets, Investment Management, Enforcement, and Economic and Risk Analysis.With 11 regional offices in the US, the SEC helps police markets nationwide. In recent years the agency has also relied on additional forces for assistance as well, with the installment of the SEC Office of the Whistleblower.Founded in 2010, the SEC Whistleblower program has since awarded over $400 million to whistleblowers.
The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.What Does the SEC Do?In order to achieve its obligations, the SEC enforces statutory requirements that public companies and other regulated companies submit quarterly and annual reports.Such reports are instrumental in unearthing or bringing to light any market abuse or improper action, ensuring a high degree of compliance out of market participants.These reports are also essential in maintaining the transparency of equity markets, namely private companies.Quarterly and semiannual reports from public companies are important for investors to make sound decisions when investing in the capital markets. Investment in the capital markets is not guaranteed by the federal government with such safeguards put in place to add a layer of compliance for example.The SEC is composed of five divisions: Corporate Finance, Trading and Markets, Investment Management, Enforcement, and Economic and Risk Analysis.With 11 regional offices in the US, the SEC helps police markets nationwide. In recent years the agency has also relied on additional forces for assistance as well, with the installment of the SEC Office of the Whistleblower.Founded in 2010, the SEC Whistleblower program has since awarded over $400 million to whistleblowers.
Read this Term) by eToro’s SPAC merger partner FinTech Acquisition Corp. V (NASDAQ: FTCV).
A Solid Quarter
However, it is still lower than the revenue it generated in the first two quarters of the ongoing year.
With this, the company is expecting to generate a total commission of around $1.2 billion for the entire year, which is a jump of more than 100 percent from the previous year’s commission of $602 million.
In addition, the filing disclosed that the total registered users on the trading platform will touch 27 million by the end of December 2021, adding 2.1 million new registered users in the fourth quarter alone. This figure shows the growing demand for eToro’s services as it added only 1.6 million new users in Q3 of 2021.
Moreover, the number of funded accounts jumped quarter-over-quarter to approximately 2.4 million.
“Our preliminary fourth quarter 2021 financial metrics show continued strong growth and demonstrate that we are executing very well on our business plan,” the eToro Co-Founder and CEO, Yoni Assia said in a statement.
“Our fourth quarter 2021 preliminary results point to full-year 2021 total commissions of approximately $1.2 billion, representing more than 100% year-over-year growth. We continue to see a strong increase in the number of users engaging with our platform across our global footprint and are very excited for what lies ahead in 2022 and beyond.”
Meanwhile, the deadline to close the eToro merger deal with the American SPAC is approaching, but the company is yet to seal the deal at a shareholders meeting, with chances of extending it further into 2022.
eToro, which is on its way to becoming a public company with an American SPAC merger, is expecting to close the fourth and final quarter of 2021 with total commissions between $285 million and $295 million.
These latest figures were reported on Thursday to the US Securities and Exchange Commission (SEC
Securities and Exchange Commission (SEC)
The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.What Does the SEC Do?In order to achieve its obligations, the SEC enforces statutory requirements that public companies and other regulated companies submit quarterly and annual reports.Such reports are instrumental in unearthing or bringing to light any market abuse or improper action, ensuring a high degree of compliance out of market participants.These reports are also essential in maintaining the transparency of equity markets, namely private companies.Quarterly and semiannual reports from public companies are important for investors to make sound decisions when investing in the capital markets. Investment in the capital markets is not guaranteed by the federal government with such safeguards put in place to add a layer of compliance for example.The SEC is composed of five divisions: Corporate Finance, Trading and Markets, Investment Management, Enforcement, and Economic and Risk Analysis.With 11 regional offices in the US, the SEC helps police markets nationwide. In recent years the agency has also relied on additional forces for assistance as well, with the installment of the SEC Office of the Whistleblower.Founded in 2010, the SEC Whistleblower program has since awarded over $400 million to whistleblowers.
The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.What Does the SEC Do?In order to achieve its obligations, the SEC enforces statutory requirements that public companies and other regulated companies submit quarterly and annual reports.Such reports are instrumental in unearthing or bringing to light any market abuse or improper action, ensuring a high degree of compliance out of market participants.These reports are also essential in maintaining the transparency of equity markets, namely private companies.Quarterly and semiannual reports from public companies are important for investors to make sound decisions when investing in the capital markets. Investment in the capital markets is not guaranteed by the federal government with such safeguards put in place to add a layer of compliance for example.The SEC is composed of five divisions: Corporate Finance, Trading and Markets, Investment Management, Enforcement, and Economic and Risk Analysis.With 11 regional offices in the US, the SEC helps police markets nationwide. In recent years the agency has also relied on additional forces for assistance as well, with the installment of the SEC Office of the Whistleblower.Founded in 2010, the SEC Whistleblower program has since awarded over $400 million to whistleblowers.
Read this Term) by eToro’s SPAC merger partner FinTech Acquisition Corp. V (NASDAQ: FTCV).
A Solid Quarter
However, it is still lower than the revenue it generated in the first two quarters of the ongoing year.
With this, the company is expecting to generate a total commission of around $1.2 billion for the entire year, which is a jump of more than 100 percent from the previous year’s commission of $602 million.
In addition, the filing disclosed that the total registered users on the trading platform will touch 27 million by the end of December 2021, adding 2.1 million new registered users in the fourth quarter alone. This figure shows the growing demand for eToro’s services as it added only 1.6 million new users in Q3 of 2021.
Moreover, the number of funded accounts jumped quarter-over-quarter to approximately 2.4 million.
“Our preliminary fourth quarter 2021 financial metrics show continued strong growth and demonstrate that we are executing very well on our business plan,” the eToro Co-Founder and CEO, Yoni Assia said in a statement.
“Our fourth quarter 2021 preliminary results point to full-year 2021 total commissions of approximately $1.2 billion, representing more than 100% year-over-year growth. We continue to see a strong increase in the number of users engaging with our platform across our global footprint and are very excited for what lies ahead in 2022 and beyond.”
Meanwhile, the deadline to close the eToro merger deal with the American SPAC is approaching, but the company is yet to seal the deal at a shareholders meeting, with chances of extending it further into 2022.