eToro accelerates its expansion in the United StatesThe global trading and investment platform announced that it has reached a agreement for acquire TradeZero, an online brokerage firm specializing in the US market and aimed specifically at active traders. The operation, from value total potential of 231 million of dollars, aims to strengthen eToro's presence in the US and expand the range of products and services for investors.
The acquisition remains subject to customary closing conditions, including necessary regulatory approvals. completion operation is currently planned for the first half of 2027.
eToro Acquires TradeZero in $231 Million Deal
Founded in 2015, TradeZero brings as a dowry trading platforms A next-generation platform, a global broker-dealer infrastructure, and a highly engaged community of traders. The company operates in the United States, Canada, and international markets, also offering eToro greater access to the Canadian market. The integration of the two companies should therefore create new opportunities to accelerate product development, improve user experience, and expand the overall offering of the two platforms.
Under the terms of the agreement, the total consideration for the acquisition could reach up to $231 million, through a cash component and up to 2,5 million new shares eToro's Class A common stock, subject to customary purchase price adjustments. In the twelve months ended June 30, 2026, TradeZero generated approximately $80 million in revenue, with a gross margin of 81%. eToro also expects the acquisition to be a positive impact on adjusted EPS Already in its first year. For eToro, therefore, the operation represents not only a strengthening of its position in the American market, but also a key step in its international growth strategy and the development of its financial platform.
Jefferies acted as eToro's exclusive financial advisor, with Simpson Thacher & Bartlett LLP as the principal legal advisor. For TradeZero, the advisors were JP Morgan Securities LLC, as exclusive financial advisor, and Choate, Hall & Stewart LLP as principal legal advisor.
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“Today's announcement represents an important step in building our business in the United States,” said Yoni Hesse, co-founder and CEO of eToro -. TradeZero has built a successful business, with distinctive technologies, a broker-dealer infrastructure, and a highly engaged community of traders. This combination gives us a faster path to launch new products for US clients and strengthens our offering. Together, we will be able to innovate faster as we continue to build the global financial super-app for the next generation of users.
A vision also shared by Daniel Pipitone, co-founder and CEO of TradeZero, said joining the eToro group represents a new phase for the company and its trading community. “TradeZero was created by active traders for active traders, and everything we've done since 2015 has been in service of this community. Joining eToro is an exciting next step for our team and our traders. Their global platform and millions of users give us the scale to accelerate innovation, while our broker-dealer infrastructure and proprietary trading tools strengthen an even broader investment platform.”
