If Etoro`s gross financial misconduct, calculation errors, manipulated account statements, and everything else like negligence, misrepresentation attempts of appropriation etc, comes to light, published, re-tweeted, re-posted all over internet, brought to media attention and users start coming forward for compensation they should be entitled to:

ETORO`S ESTIMATED QUANTIFIABLE COMPENSATION TO ALL (except me)

• Gross Financial Misconduct
  • Manipulation of account statements, calculation algorithm

$5.6 million * #

• Incorrect rounding down of profits and rounding up of losses to 1 cent.

$17,200*

• Rounding value of closed positions only to 2 decimal places, even for assets which are only worth 0.00xx, e.g. Tron TRX and Ripple XRP,

$86,000*

• Closing of non CFD leveraged 1 position at 100% stop loss

$50,000*

* See Separate calculations.
# See Value-of-Etoros-users-reimbursements

$5,600,000+$17,200+$86,000+$50,000=5,753,200=$5.75 mln

ETORO`S ESTIMATED OTHER COSTS:

Fees, fines and company restructuration 115,000 + 50,000 + 25,000+50,000+10,000 = $250,000 :

• FCA fines @2% of all compensations=2% x 5,753,200=$ 115,000
• Public Relationship image repair costs, say $50,000
• Platform software/algorithms and accounting statements redesign – $25,000
• New staff, customer services overhaul – $50,000
• Legal fees  – $10,000
• Other existing disputes ruled in users favour etc.
• Loss of existing users, reduction of revenue from remaining (cautious) users

Loss of revenue from new users =$147.4 mln lost in Etoro`s profit in 2 years:

Say each of 860,000 active users deposits only 1000$ less as a precaution,

spread/commission/currency conversion on deposit would be 0.3%, so 0.3%x1000$= 3$,

Etoro profit would be simply 75% of CFD trades is loosing x  10% loss each trade x 1000$ deposit/trade value=0.075*1000$=75$,

Overall 78$ of Etoro profit possible on each 1000$ deposit.

860,000 active users, each depositing 1000$ less gives Etoro 78$ less profit per user

860,000 * 78$=67,080,000 ==$67 mln in lost profit (say in one year of trading), and the same loss of profit in next year.

5% of existing users quits Etoro and

Only 5% less users joins (as a proportion of existing users), so overall next year Etoro has at least 10% active users.

10% x 860,000=86,000 less users

86,000 x 78$=$6,708,000=$6.7mln less profit for Etoro next year from leaving and not joining customers.

So, 67mln+6.7mln lost in profit each year year

=$147.4 mln lost in Etoro`s profit in 2 years.

After 2 years Etoro may improve their reputation, although I would make sure that my history and findings and any legal rulings are available and repeated on all blogs and forums.

+ Personal Damages to me as used and (financially) abused Diamond Member – $197,862.89

Total Etoro`s estimated costs $153 mln over two years.

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If Etoro is still doubting how much compensation they will be due to pay,

OTHER WAYS OF LOOKING AT THE COSTS ARE:

Simply, if 260,000 crypto users out of 860,000 active users (out of 13 million total) claims only 10$ back (for having their crypto units and crypto profits wrongly calculated as Etoro admitted in my case, in 2017, 2018) then its 2.6 mln! Detailed estimations indicate it can be as high as $5.6mln.

Although legally everyone should be entitled to reimbursements and claim for additional compensation, Let`s say that in first months only 10% users come forward to get their compensation. 10% out of $5.6 mln=$560,000.

$560,000 + $17,200 +$86,000 +50,000= $713,200

Directly $0.713 to $5.75 million :

from minimum of $713,200 (10% successful 2017-2018 crypto assets errors claims) to even $5,753,300 (100% successful claims if CySEC and FCA order to Pay Out, which we will write open letters to instigate)

Indirectly $147.25 mln in two years

( FCA fines +Public Relationship costs + Lost of users, revenue + Platform software redesign + My damages)

Total Etoro`s estimated costs $153 mln over two years.

*** *** *** ***

Lastly, If Etoro pays me and all requested compensation of $198,000 then they still would be left with $220,000-198,000=$22,000 profit!

It shows that Etoro will never loose, even if they pay out major compensation, yet they even hesitate to withdraw users money on time.