Gerald Segal

Gerald is the founder of FNG and is one of the most experienced writers covering the online trading sector. Prior to starting FNG, Gerald founded Forex industry B2B news website in 2010, selling it in 2018 to publicly traded Catena Media plc (STO:CTM). An avid skier, cyclist and ice hockey player, Gerald was previously an investment banker for more than a decade at Bear Stearns, Robertson Stephens, and Merrill Lynch. Gerald holds an MBA from Columbia University in New York and a BCOM degree from the University of Toronto.


  1. Oudeis
    March 15, 2021 @ 11:17 am

    Do you know revenues? Have these users actually deposited money, or is the number registrations?


    • Gerald Segal
      March 15, 2021 @ 11:21 am

      eToro reported having approx $600M in revenue in 2020.
      Not all “users” generate revenue for eToro, although overall its revenues/profits are clearly directly correlated to its ability to bring on new clients, in a cost effective manner.


  2. bobby
    March 15, 2021 @ 3:09 pm

    Are your sources different from the Calcalist publication?


    • Gerald Segal
      March 15, 2021 @ 3:23 pm

      Hi Bobby. We don’t know who the Calcalist’s source/s is/are, so we can’t exactly answer that.


  3. Anonymous
    March 15, 2021 @ 11:51 pm



  4. Iqbal
    March 16, 2021 @ 12:54 pm

    what happens in a month or 2 when daytraders start losing money and pulling everything out of broker accounts? eToro still worth 10 big ones then?


  5. Marc Hanz
    March 21, 2021 @ 2:35 pm

    Wait … wait .. few months back they hired Goldman Sachs to IPO them? Now, they will SPAC the company and IPO it using their own cash? Hahahah what happened? They could not find someone dumb enough to buy the hype? Jesus, are people that stupid?!!!


    • Gerald Segal
      March 21, 2021 @ 3:13 pm

      Hi Marc. I think you’ve got things backwards here. To get a SPAC done, you need to convince some very smart people that this is a deal worth doing – the people behind the SPAC (in this case Betsy Cohen & team), the institutions putting in fresh cash (in this case ION, Softbank, Third Point, Fidelity, Wellington), and the public SPAC holders.

      Many private companies are weighing a traditional IPO versus SPAC combination nowadays, and for a variety of reasons many are choosing the SPAC route. In addition to eToro, there’s Payoneer, investment bank Perella Weinberg, QuantumScape, DraftKings, Iridium, Immunovant….


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