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The FT's Alphaville has a dig at eToro the Israel-based stock, CFD, and crypto trading house whose commission fees increased by 141% in Q1 2021, though, their profits fell 90% in the first quarter to $5m.
3.1 million new registered users joined the eToro platform this quarter, a 214% increase compared to the same period last year. This increase in users and an increase in trading activity resulted in total commissions of $347 million in the first quarter of 2021, up 141% from the first quarter of 2020. Total commissions are comprised of commissions from trading activity, interest and other charges. They are a key performance indicator for eToro.
https://www.ft.com/content/69f393ce-7a8b-4c58-a97a-3c25597f1d2c?shareType=nongift
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