MASHINIi

eToro Group Ltd..

ETOR.US | Security and commodity contracts brokerage

eToro Group Ltd. operates a social trading and investment network. The company provides a platform that enables users to trade and invest in a variety of assets, including stocks, cryptocurrencies, commodities, and currencies. eToro also offers social features, allowing users to follow and copy the ...Show More

Ethical Profile

Mixed.

eToro's ethical profile is mixed. A 2020 data leak reportedly affected 62,000 user accounts, exposing emails, names, passwords, and trading activity. While regulated by FCA, CySEC, and ASIC, and using 2FA and SSL encryption, this breach raises data security concerns. A July 2022 breach claim was denied. eToro acknowledges vulnerable customers, offering mental health resources, but may refuse or exit relationships if fair treatment isn't assured. Critics link high-pressure trading to stress. Many areas, including fair pay, honest business, and environmental impact, lack sufficient public data for assessment.

Value Scores

Better Health for All-70
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-10
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

-70

The company's core service, a social trading and investment platform, is associated with significant negative health consequences, including excessive behaviors and mental health problems, with no health-positive offerings.

1
All revenue is derived from these trading activities, which are linked to mental health issues and addiction-related conditions.
2
The company acknowledges customer vulnerability, including factors like physical or mental health, and lists external support organizations.
3
However, it states that it is not obligated to proactively identify less visible vulnerabilities and may exit relationships if fair treatment of vulnerable customers cannot be ensured, indicating significant barriers to access for most disadvantaged vulnerable groups.
4
While the company discloses potential impacts of vulnerability, it also states it is not obligated to proactively identify less visible vulnerabilities, suggesting incomplete risk disclosures.
5
The company acknowledges addiction-related conditions as a potential impact of vulnerability on customers and refers them to external support, but there is no evidence of substantial addiction mitigation efforts or product modifications.
6
Similarly, while mental health impacts are acknowledged, there is no evidence of comprehensive mental health programs or significant resource allocation.
7

Fair Money & Economic Opportunity

0

No evidence available to assess eToro Group Ltd. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No evidence available to assess eToro Group Ltd. on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

eToro Group Ltd. operates as a social trading and investment network, providing a platform for trading various assets, including stocks, cryptocurrencies, and currencies.

1
Its business model is centered on financial services and digital assets, generating revenue through spreads, commissions, and fees. The company does not procure or trade physical commodities as inputs for its operations or products, nor does it have a supply chain for physical goods that would necessitate fair-trade certifications, supplier audits, traceability, or remediation processes related to material sourcing.
2
Therefore, all KPIs related to fair trade and ethical sourcing are not applicable to its business model.
3

Honest & Fair Business

0

No specific, concrete data points for ETOR.US related to any of the 'Honest & Fair Business' KPIs were found in the provided articles.

1
Therefore, no KPIs can be scored.

Kind to Animals

0

No evidence available to assess eToro Group Ltd. on Kind to Animals.

No War, No Weapons

0

The provided articles do not contain specific, concrete data points for any of the KPIs related to the 'No War, No Weapons' ethical value for ETOR.US. The company operates a social trading and investment network.

1
While some articles discuss general market trends in defense stocks or eToro's ESG scoring system (which flags 'guns' as an ethical concern for investors in other companies), there is no evidence regarding eToro's direct involvement in arms manufacturing, military contracts, dual-use technology development, sales to embargoed regimes, peacebuilding investments, or any other specific activities covered by the rubric's KPIs for its own operations.
2

Planet-Friendly Business

0

eToro Group Ltd. does not publicly disclose any quantitative data regarding its environmental performance.

1
There is no information available on its Scope 1, 2, or 3 greenhouse gas emissions, renewable energy usage, water consumption, waste diversion rates, or green building certifications.
2
The company also does not report on science-based targets, climate-positive initiatives, or supply chain climate transparency.
3
Furthermore, eToro states in its SFDR disclosures that it currently does not consider the adverse impacts of its investment decisions on sustainability factors, nor does it offer financial products explicitly promoting environmental or social characteristics.
4
The company indicates it may reassess its approach to sustainability in the future if deemed material.
5

Respect for Cultures & Communities

0

The company's business model as an online social trading and investment network means that many of the KPIs related to physical operations, land use, or direct community interaction are not applicable. There is no evidence of cultural appropriation incidents, nor is there a reported cultural incident response framework.

1
The company does not report on cultural impact assessment protocols, FPIC processes, community representation in governance, indigenous supplier engagement, or cultural site protection, as these are not typically relevant to its digital financial services operations.
2
No specific data is available regarding formal partnerships, revenue reinvested in local development, local employment ratios, grievance mechanisms, complaint resolution times, cultural preservation investment, local procurement, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion.
3

Safe & Smart Tech

-10

eToro experienced a data breach in October 2020, affecting 62,000 user accounts.

1
This breach exposed email addresses, names, passwords, addresses, and some trading activity details due to a misconfigured API endpoint with insufficient access controls and lack of authentication.
2
eToro subsequently patched the API after responsible disclosure.
3
The company is PCI, HIPAA, SOC 2, GDPR, ISO 27001, FedRamp, and CSA Star Level 1 compliant.
4
Personal information is protected by SSL encryption, and the company generally uses data security technology like firewalls and data encryption.
5
While 2-Factor Authentication (2FA) is recommended, the October 2020 data leak was attributed to insufficient authentication on a public-facing API.
6
eToro has a Bug Bounty Program on HackerOne.
7
Its privacy policy mentions efforts to retain only necessary data and that users have rights to access, update, correct, erase, or transfer their data.
8
eToro is regulated by FCA, CySEC, and ASIC, and its privacy policy mentions compliance with applicable laws and regulations, including KYC, AML, and sanctions.
9

Zero Waste & Sustainable Products

0

No specific quantitative data or initiatives related to Zero Waste & Sustainable Products for ETOR.US were found in the provided articles. The articles discuss general concepts of ethical investing, socially responsible investing, and carbon emissions, but do not provide metrics on waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audits, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education for the company itself.

1

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.