In a significant shift in its service offerings, the online trading platform eToro has announced that it will cease supporting long non-leveraged CFD positions for cryptocurrencies in Australia. This change is set to take effect from February 19, 2024. Following this date, eToro will automatically close any remaining open long non-leveraged CFD positions in cryptoassets at the prevailing market value. This decision marksRead More
Tag: eToro
FCA Issues Alert on eToro Clone Scam
The UK’s Financial Conduct Authority (FCA) has recently issued a stern warning to the public about a fraudulent eToro clone mimicking the well-known online broker, eToro. This alert comes amid a rising tide of clone scams, where fraudulent entities exploit the data of authorised firms to deceive unsuspecting victims. Clone scams typically use similar names, logos, andRead More
Retail Investors Concerned About Domestic Economic Slowdown, eToro Survey Reveals
In a recent quarterly survey conducted by eToro, it was found that the primary concern among retail investors revolves around the slowdown of their domestic economies. This worry surpassed fears related to inflation and the impact of geopolitical conflicts. The survey, which encompassed over 10,000 retail investors across 13 countries and three continents, shed lightRead More
ASIC Sues eToro Over High-Risk CFD Product
The Australian Securities and Investments Commission (ASIC) has commenced Federal Court proceedings against online trading platform eToro, alleging breaches of design and distribution rules. The suit focuses on eToro’s contract for difference (CFD) product, a high-risk leveraged derivatives contract that allows users to speculate on various underlying assets’ price movements. On August 3, ASIC announcedRead More
Twitter Partners with eToro to Bring Stock and Cryptocurrency Trading to Users
Twitter Partners with eToro Twitter is set to introduce a new feature in partnership with social trading company eToro that will allow users to access stocks, cryptocurrencies, and other financial assets directly through the platform. The integration will expand Twitter’s existing cashtags feature and enable users to buy and sell assets via eToro. Currently, TwitterRead More
eToro reduces fee for withdrawal to 5$
So we start with great news from one of the largest and very popular social trading broker eToro that delivers thousands of opportunities to invest, trade, copy or to be copied. While eToro itself is a well-regulated, widely known and one of the biggest social trading communities, there were some cons on its offering. OneRead More
eToro Introduces SocialSentiment Portfolio, Giving Retail Traders Access to ESG Companies
eToro, a leading global investment platform, has launched a new portfolio, SocialSentiment, that provides retail traders with exposure to US firms with solid ESG (Environmental, Social, and Governance) performance and high levels of positive social chatter. eToro eToro introduces SocialSentiment portfolio in partnership with Sentifi, an alternative data provider, that uses Artificial Intelligence (AI) technologyRead More