eToro, the renowned global social investing network, has unveiled a substantial expansion of its offerings in the United States by introducing close to 700 new U.S. stocks to its platform last week. This move significantly increases the total number of assets available on the eToro platform to an impressive 4,790.
This latest development aims to provide eToro users with a comprehensive array of investment options, facilitating greater diversity in their investment portfolios.
The expanded selection covers a diverse range of new stocks, granting users access to a broad spectrum of investment opportunities. Notably, all the newly added stocks and ETFs come with Zero Commission, ensuring that users can engage in trading without incurring additional fees.
Zero Commission implies that users will only face the raw market spread on their stocks and ETF positions, aligning with eToro’s commitment to delivering a cost-effective trading experience. Additionally, eToro introduces commission-free positions with no restrictions, empowering users to trade without the burden of extra charges. Furthermore, the platform supports the purchase of fractional shares, making it more accessible for investors with varying budget sizes.
In a previous collaboration with the generative AI firm Bridgewise, eToro introduced Fundamental-AI, a portfolio leveraging AI for stock analysis. Fueled by Bridgewise’s technology, the portfolio evaluates 1,000 large eToro-listed companies based on factors such as quarterly filings and analysts’ research, assigning each firm a performance potential score. Dani Brinker of eToro emphasized how AI streamlines fundamental analysis, historically a time-consuming process for investors.
The portfolio, consisting of 40 stocks across different industries, undergoes regular rebalancing for market alignment and is offered as Contracts for Differences (CFDs). Gaby Diamant, CEO of Bridgewise, highlighted the potential of AI in providing diversified opportunities.
eToro, headquartered in Israel, stands as a leading global retail broker operating in various jurisdictions. The company has established itself as a well-known retail broker, offering a range of trading instruments, including stocks, cryptocurrencies, and contracts for differences. With a widespread global presence, eToro is licensed to operate in various jurisdictions, including the U.S., the United Kingdom, Australia, Cyprus, and Abu Dhabi.