eToro Reverts Minimum Copy Amount to $200

Fazzaco learned that eToro, an Israeli social trading and multi-asset brokerage company, has reverted the minimum Copy amount to $200, making it easier for customers to invest with CopyTrader.

A few months ago, the minimum Copy amount was increased to $500. Back then, the company said the change was temporary. 

In the meanwhile, the company is accelerating for an IPO. Earlier last month, Fazzaco reported that eToro and special purpose acquisition company (SPAC) FinTech Acquisition Corp V announced that they will submit a Registration Statement confidentially, related to the proposed business combination between the two. The parties said that the business combination and thus eToro's actual listing for trading on Nasdaq is now expected to close at some point in Q3.

​Additionally, the broker announced an onboarding of 3.1 million traders within the first quarter of 2021, bringing its total user number up to 20.6 million retail clients. Recently, eToro announced the strengthening of its partnership with AS Monaco​.