eToro, the global social investing network, has announced an expansion of its United States offering, adding nearly 700 new US stocks to its platform this week. This expansion elevates the total number of assets on the eToro platform to 4,790.
eToro's Zero Commission Policy on Newly Added Stocks
With these latest additions, the firm is set to offer an extensive selection of stocks, creating more opportunities for users to diversify their portfolios. eToro expressed enthusiasm about the expansion: "We are very excited to share this huge addition with you all.”
The expansion includes a diverse range of new stocks, providing eToro users access to a wider array of investment options. Zero Commission applies to all the newly added stocks and ETFs, ensuring that users can trade without incurring additional fees.
Zero Commission means that users will not face any extra charges beyond the raw market spread on their stocks and ETF positions. This move aligns with eToro's commitment to providing a cost-effective trading experience for its users.
In addition to the zero-commission feature, eToro offers commission-free positions with no limits, allowing users to engage in trading without the constraints of additional charges. Moreover, users can buy fractional shares, making it more accessible for investors with various budget sizes.
eToro and Bridgewise Unveil Fundamental-AI for Advanced Stock Analysis
Previously, Finance Magnates reported that eToro has partnered with generative AI firm Bridgewise to launch Fundamental-AI, a portfolio leveraging AI for stock analysis. Powered by Bridgewise's technology, it evaluates 1,000 large eToro-listed companies using factors like quarterly filings and analysts' research. Each firm receives a performance potential score. eToro's Dani Brinker highlighted how AI streamlines fundamental analysis, historically time-consuming for investors.
The portfolio is comprised of 40 stocks across industries, regularly rebalanced for market alignment, and is offered as Contracts for Differences (CFDs). Bridgewise's CEO, Gaby Diamant, underscored AI's potential for diversified opportunities.
eToro is a leading global retail broker operating in various jurisdictions. Based in Israel, eToro has solidified its position as a well-known retail broker, providing an array of trading instruments such as stocks, cryptocurrencies, and contracts for differences. With a widespread global footprint, the company is licensed to operate in various jurisdictions, including the US, the United Kingdom, Australia, Cyprus, and Abu Dhabi.
