eToro agrees to acquire TradeZero for up to $231 million to expand in the US

eToro Group Ltd. has entered into an agreement to acquire TradeZero, a US-focused online broker serving active traders. The potential aggregate consideration is up to $231 million, consisting of cash and up to 2.5 million newly issued eToro Class A common shares, subject to customary adjustments.

Event and institutions

eToro is a Nasdaq-listed trading and investing platform. Founded in 2015, TradeZero operates in the US, Canada and international markets and provides brokerage infrastructure and tools for active traders.

This is a pending transaction, not a completed acquisition. The disclosure says closing remains subject to customary conditions, including required regulatory approvals, and is currently expected in the first half of 2027.

Key facts

TradeZero generated approximately $80 million in revenue during the twelve months ended 30 June 2026, with an 81% gross margin. eToro expects the acquisition to be accretive to adjusted earnings per share in the first year after completion. That is a forward-looking company expectation rather than a realised result.

eToro says the target adds US broker-dealer infrastructure, proprietary trading tools, an active-trader community and access to Canada. The strategic aim is to accelerate product launches and broaden the US offering.

Impact on traders and brokers

Customers should not assume that accounts, custody arrangements, fees, permissions or contracting entities have changed merely because the agreement was announced. Until approval and closing, both platforms should continue operating under their existing entities and customer terms.

If completed, integration may create product and technology benefits, but it also brings execution risks around account migration, systems, data, client assets and cross-border licences. Customers should rely only on formal notices and remain alert to phishing messages impersonating merger communications.

For the brokerage sector, the deal shows how larger platforms can acquire local infrastructure, specialist technology and market access. Regulators will still need to assess the change of control and customer-protection arrangements.

TraderVote view

The critical distinction is that an agreement has been signed; the acquisition has not closed. The $231 million figure is a maximum potential consideration and may change through share values and purchase-price adjustments.

TraderVote will monitor approvals, closing, account arrangements and brand integration without inferring that licences or customer terms have already changed.

Sources

eToro Investor Relations, 11 August 2026, accessed 20 August 2026:

https://investors.etoro.com/news-releases/news-release-details/etoro-acquire-tradezero-accelerate-us-expansion

eToro Form 6-K Exhibit 99.1, 11 August 2026, accessed 20 August 2026:

https://etoro.gcs-web.com/static-files/6f9aa2e8-0fc3-43d7-8ab2-8d43d83060d6

Written by Hengyuan from public company disclosures. This article is not investment advice. Transaction status and customer arrangements should be checked against current official filings.