There is the latest forex broker news that you should pay attention to. eToro forex broker, known for its copy-trading feature< /strong>, making bold moves to expand its reach. They have set their sights on Singapore, applying for a license that could make them the first licensed broker in this bustling financial hub.
This news did not come alone. Forex broker eToro is also considering public offering in the US, signaling a strategic push for growth in well-regulated markets. It seems eToro wants a bigger piece of the online trading pie, and they're not afraid to take calculated risks to get it.
But this forex and CFD broker is not a beginner. They are already a major player, holding licenses in places like Cyprus and the UK. Additionally, they offer a diverse trading playground, allowing you to dabble in stocks, cryptocurrencies, and other assets - all under one roof.
So, why Singapore? Not just eToro, many crypto exchanges and brokers are taking part in licensing applications, seeking regulatory approval to operate legally. But eToro wants a front row seat.
eToro may go public soon, with the US as a potential listing site. While Europe keeps their cash registers ringing, the US market, with its broad investor pool and deep liquidity, is undeniably an alluring market.