Trading platform eToro has announced a new integration with Singpass, Singapore’s national digital identity system, allowing residents to complete account verification more quickly and securely when registering for trading services.

The integration enables new Singapore-based users to verify their identity using Singpass, eliminating the need to manually upload identification documents during the account opening process. According to eToro, the feature is here to simplify onboarding while maintaining high standards of security and compliance.

Singpass serves as Singapore’s trusted national digital identity platform and is widely used by residents to access a broad range of government and private-sector services. The platform has become a central component of Singapore’s digital ecosystem, supporting secure authentication and data sharing across numerous services.

eToro Integrates Singpass to Streamline Account Verification 

With the new integration, individuals opening an eToro account can retrieve personal information directly from Singpass through a secure connection. This allows account verification will be complete in only a few steps, reducing the time typically associated with identity checks and document reviews.

The company highlighted several benefits of the integration for new users. These include the ability to verify a trading account using a national digital identity, securely access personal information stored within Singpass, avoid manual document uploads, and complete the application process more efficiently.

The move reflects a broader trend among financial technology and online investment platforms seeking to improve customer onboarding through digital identity solutions. By leveraging a trusted government-backed system, eToro aims to provide a smoother registration experience while meeting regulatory requirements for identity verification.

Once verified, Singapore users can gain access to eToro’s multi-asset trading platform, which offers exposure to thousands of global financial instruments. These include stocks, exchange-traded funds, commodities, currencies, indices, and cryptocurrencies, depending on local regulations and product availability.

The Singpass integration is now available for eligible Singapore residents registering for a new eToro account, providing a faster path to accessing global financial markets through the platform.

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