
eToro is acquiring TradeZero for up to $231 million, gaining a regulated US broker-dealer with options trading and international operations. The deal fills eToro's options gap and follows its April 2026 purchase of Zengo. No closing timeline has been set.
eToro Group has agreed to buy TradeZero Holding Corp. for as much as $231 million, the company's biggest move yet into the US brokerage market. The deal gives eToro a fully regulated US broker-dealer with SEC and FINRA oversight, plus SIPC coverage, instead of building one from scratch.
TradeZero offers commission-free trading in US equities and options, backed by order-routing and execution tools aimed at active traders. It also operates in the Bahamas and Canada, with a presence in Europe, giving eToro geographic reach it lacked in the brokerage segment.
eToro already offers zero-commission stock and ETF trading in the US. What it has not had is a strong options product. TradeZero's tools fill that gap directly, the companies said.
The acquisition follows eToro's purchase of crypto wallet provider Zengo in April 2026 for about $70 million. That deal added self-custody technology.
eToro's US crypto business remains constrained by a 2024 settlement with the SEC. The company can only offer Bitcoin and Ether to American users, a much smaller set than what it provides elsewhere. eToro has secured a New York BitLicense, which would let it relaunch a broader crypto lineup in the state if rules change.
As of Aug. 11, 2026, neither company has disclosed a timeline for closing the TradeZero deal, the required regulatory approvals, or the acquisition structure. US broker-dealer purchases typically go through FINRA review, which can take months.
The price tag of up to $231 million includes potential earnouts, eToro said.
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