More stringent regulation and further transparency of the ETORO trading platform


More stringent regulation and further transparency of the ETORO trading platform
The Issue
The reason for campaigning change to the eToro platform is the lack of financial safety this platform has to offer.
It’s a social stock market trading platform, that offers no deposit limits. In times of uncertainty especially during this global pandemic the markets and economy have extreme volatility.
Etoro makes it very easy for one to open a trading account with absolute no regulation of whom is joining. The platform is predominantly filled of novices of which they prey upon.
EToro change market rules when they see fit in order to mitigate the risk to there company but have absolute disregard to the risk of their clients.
These market changes without prior notices hurts the general public financially and that is the reason for this change. I have a gambling addiction and I have been able to manage this through Gamcare of which I’m extremely grateful.
However with eToro having no mechanism for deposit limits I have found myself in a moment of weakness and so have many others who utilise this platform. I really would appreciate an investigation to the operation of this platform in the manor they dictate the site. Please do not disregard this point of change because there are many of people experiencing the issues I have globally.
Thanks
The Issue
The reason for campaigning change to the eToro platform is the lack of financial safety this platform has to offer.
It’s a social stock market trading platform, that offers no deposit limits. In times of uncertainty especially during this global pandemic the markets and economy have extreme volatility.
Etoro makes it very easy for one to open a trading account with absolute no regulation of whom is joining. The platform is predominantly filled of novices of which they prey upon.
EToro change market rules when they see fit in order to mitigate the risk to there company but have absolute disregard to the risk of their clients.
These market changes without prior notices hurts the general public financially and that is the reason for this change. I have a gambling addiction and I have been able to manage this through Gamcare of which I’m extremely grateful.
However with eToro having no mechanism for deposit limits I have found myself in a moment of weakness and so have many others who utilise this platform. I really would appreciate an investigation to the operation of this platform in the manor they dictate the site. Please do not disregard this point of change because there are many of people experiencing the issues I have globally.
Thanks
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Petition created on 21 April 2020