You are searching for an „all-in-one broker “? Stocks, cryptocurrency, and also CFDs? Maybe eToro could be exactly the right thing for you. The Israeli broker has a platform for buying and selling stocks and cryptocurrencies.
eToro – an overview
eToro is an online broker, based in Tel Aviv, which has a platform, you can also use in many other countries. Besides English, French, and German, eToro is also usable in much more languages. In contrast to other brokers, eToro is not only focused on one asset class. Users can buy cryptocurrencies, stocks, ETFs, and CFDs. The broker offers over 2000 stocks, 250 ETFs, and 160 different cryptocurrencies. The fees are comparatively low.
How much are you paying, if you’re buying shares with eToro? Nothing! The broker has 0% of fees for trading shares and ETFs. If you are buying cryptocurrencies, it’s a little bit different. You don’t have fixed fees, but you have to pay a high spread. The spread is the difference between the bid and ask price.
Normally, the spread should not be too high. But eToro has a fixed spread for trading cryptocurrencies. For trading Bitcoin, the spread is at 0,75%, which is not low, but okay. But if you are trading other cryptos, for example, iota, the spread is at 4,5%, which is extremely high. For holding CFDs overnight, you have to pay an additional „overnight fee“.
All in all is eToro a good broker, that has an advantage because of its huge variety of trading instruments. The advantage for the users is obvious, you have an „all-in-one“-platform, for many different asset classes. For stocks and ETFs, eToro has competitive low fees.
The only disadvantage of the broker is the high spread for trading cryptocurrencies.
Summed up, eToro is a very good platform for investors, which wouldn’t like to focus on only one asset class.
If you click here, you will be taken to eToro right away, in case you want to open an account.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
More from Crypto
CryptoBots was the first play to earn game on the Ethereum blockchain, launched way back in 2017. Back when the …
This article is a complete guide on the Alchemix. The Decentralized Finance (DeFi) world has been all promising and hype …