eToro Reports 2.4 Million Funded Accounts in 2021 Financial Results

A well-known global multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term investment platform, eToro, has released its fourth-quarter of 2021 full-year financial results, noting a significant increase in total commission. According to the report for the quarter ended December 31, 2021, the investment platform netted $304 million, which is up 85% compared with Q4 of 2020.

Net trading income saw a surge of 50% compared with the last quarter of 2020, after pocketing $237 million. Also, 2.1 million new registered users were seen on the platform during the period, representing a 31% increase compared with Q4 of 2020, with 26.9 million total registered users as of December 31, 2021.

Yoni Assia, the CEO and Co-Founder of eToro, issued the following statement: "eToro closed 2021 with a strong fourth quarter, generating over $300 million in total commissions. We are extremely proud of our accomplishments in 2021, some of which include growing the eToro network by more than 9 million registered users while more than doubling our funded accounts, adding over 900 Popular Investors and 10 new Smart Portfolios to our investment offering, hiring Lule Demmissie as our U.S. CEO, launching equities investing in the U.S., launching eToro Money in the U.K., and redesigning the eToro application to significantly improve the user experience. The retail investment landscape continues to evolve at a rapid pace, and we believe eToro is uniquely positioned to provide users with a simple and transparent way to access a broad array of global financial markets. We are very excited for what lies ahead for eToro and our users in the coming years."

Other Q4 2021 Figures

Other figures unveiled that 2.4 million funded accounts were registered as of December 31, 2021, which is up 137% compared with December 31, 2020, while assets under administration were $10.7 billion on December 31, 2021.

As a result of greater marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term expenses and investments to support eToro's growth, including a significant increase in global headcount, the total operating expenses, excluding compensation and merger-related expenses, were $263 million, which was up 68% year-over-year.

Recently, after the negative effect of sanctions on Russian stocks, eToro informed its customers it was delisting Magnit PJSC. Furthermore, eToro forced Magnit, which is one of the largest supermarkets in Russia, to liquidate its positions.