eToro, the renowned global social investing network, has unveiled an expansive addition to its United States offering, introducing nearly 700 new US stocks to its platform this week.
This move significantly bolsters the eToro platform, now boasting a vast array of 4,790 assets.
This development marks a significant step forward for eToro, as it expands its stock offerings, presenting users with a broader spectrum of investment choices to diversify their portfolios.
Expressing their enthusiasm, eToro stated, “We are thrilled to introduce this substantial expansion to all our users.”
Among these new additions, eToro has introduced a diverse range of stocks, granting users access to an even wider array of investment opportunities.
A notable highlight of this expansion is eToro’s Zero Commission Policy, applicable to all the recently added stocks and ETFs.
This means users can engage in trading without incurring any additional fees beyond the raw market spread on their positions.
This move aligns with eToro’s dedication to delivering a cost-effective trading experience for its users.
Furthermore, eToro offers commission-free positions without limitations, allowing users to trade without the burden of additional charges.
Additionally, the platform permits users to purchase fractional shares, making investing more accessible for individuals with varying budget sizes.
In a prior partnership announcement, eToro had collaborated with generative AI firm Bridgewise to introduce Fundamental-AI, a portfolio leveraging AI technology for stock analysis.
Powered by Bridgewise’s advanced algorithms, this innovative tool assesses 1,000 large eToro-listed companies, factoring in criteria such as quarterly filings and analysts’ research to provide each firm with a performance potential score.
eToro’s Dani Brinker emphasized the efficiency of AI in streamlining fundamental analysis, historically a time-consuming task for investors.
The resulting portfolio consists of 40 stocks spanning various industries, regularly rebalanced to align with market conditions. This portfolio is offered as Contracts for Differences (CFDs), and Bridgewise’s CEO, Gaby Diamant, underscored the vast potential of AI in creating diversified investment opportunities.
eToro, headquartered in Israel, is a prominent global retail broker operating in multiple jurisdictions.
It has established itself as a reputable retail broker, offering a wide range of trading instruments, including stocks, cryptocurrencies, and contracts for differences.
With a substantial global presence, the company holds licenses to operate in various jurisdictions, including the United States, the United Kingdom, Australia, Cyprus, and Abu Dhabi.