eToro ending services in the Philippines

Short URL: https://www.yugatech.com/go/izxi

Financial app eToro will no longer be offering their services in the Philippines. This includes their in-app crypto wallet, CopyTrader, and Smart Portfolios.

Users should be notified via email that their accounts will be closed. However, accounts will remain open until December 8th, 2024 with limited access. Users may only close all open positions or request for withdrawal of available funds.

Users should also note that the platform’s coin transfer services will stop on December 1st, 2024. If any users miss the deadline, moving crypto positions to the eToro wallet will not be available.

As for wallet access, it will be available until December 15th, 2024. Until then, users are urged to transfer coins from their eToro wallets to an external wallet. Access to accounts will cease starting February 7th, 2025.

While eToro has been tight-lipped towards this move, an advisory from the Securities and Exchange Commission (SEC) 533 might shed some light. TL,DR: the platform isn’t authorized to sell or offer securities in the Philippines.

etoroeToro PhilippineseToro SECeToro SEC advisoryeToro SEC philippines

Duane Villanueva

Communication graduate, closet cynic, and kid at heart. Duane is a rare person to find, quite literally. He often takes to himself but has proven his mettle in tech media with his quick wits. Well, the portfolio of scriptwriting, web content, and public relations help too, we suppose. As a homebody, he often spends his time on the streaming platform Twitch or ‘farming’ gaming clips with friends. He is also an avid fan of round glasses and anything relative to blueberries.

https://www.yugatech.com/

No Comments

Latest Review

Nothing Phone (3a) Review

OPPO A5 Pro 5G Review

Xiaomi Pad 7 Review

HONOR X9c Smart 5G Review

ASUS ROG Phone 9 Pro Edition Review

VIEW ALL

Latest Guide

BEV, Hybrid, PHEV: An Explainer for the Common Filipino Driver

2025 Postpaid Fiber Plans in the Philippines: PLDT, Globe, Converge, Sky

Top Apple products to kickstart the New Year through Home Credit

The Best Flagship Phones of 2024

Best Sub-Flagship & Premium Mid-range Phones of 2024 | (₱26,000 – ₱40,000)

VIEW ALL

YugaAuto

Loading feed...

YugaMoto

Loading feed...

YugaGaming

Loading feed...

AskYuga

Loading feed...

YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.