eToro Wins Singapore CMS License to Expand Retail Trading

eToro, the global social trading and investment platform, has received in‑principle approval from the Monetary Authority of Singapore (MAS) for a Capital Markets Services (CMS) licence—a significant milestone in its Asia expansion strategy.

With the CMS license, eToro can offer retail investors in Singapore access to stocks, ETFs, crypto, and copy-trading services directly via a locally registered entity, fortifying its position in one of Asia’s premier wealth management hubs. The firm has appointed Yaki Razmovich—a veteran with over 20 years of experience in APAC financial markets—as Managing Director for Singapore and Asia to lead this strategic rollout.

Key Highlights

• In‑principle CMS license from MAS allows full stock, ETF, crypto and copy-trading services
• Yaki Razmovich appointed Managing Director for SG & Asia expansion
• Establishes local regulated entity amid ongoing NASDAQ plans

This local approval marks a pivotal shift from eToro’s prior regional operations, which operated under offshore licenses. The MAS license enables eToro to provide a full suite of regulated financial instruments with local compliance, reducing barriers for investors in the region.

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This development follows eToro’s recent NASDAQ filing, reinforcing its ambition to scale globally. Analysts believe that the Singapore CMS license, combined with expanded product offerings and deeper local talent leadership, positions eToro for accelerated regional growth across Asia Pacific.