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Wikitoro author Nick Zelver Written by Nick Zelver
Wikitoro fact checker Mike Druttman Fact checked by Mike Druttman
Updated Feb, 2024

Intro

The Standard & Poor's 500, commonly known as the S&P 500, SPX500, or US500, is a frequent topic in finance discussions and news. You might have heard of it and wondered whether it's possible to trade on this index. The good news is that the eToro platform allows you to invest in this financial instrument. This guide will provide detailed instructions on how to invest in the S&P 500 using eToro, along with my personal insights, which could be helpful for investing in this intriguing asset. So, keep reading for valuable information.

Trade S and P 500!

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

Trading S&P 500 via CFD

When trading the S&P 500 on eToro, it's important to understand that you're investing in Contracts for Difference (CFDs), not directly trading on the stock exchange. The allure of CFD trading lies in its ability to speculate on indices market movements. CFDs allow you to profit from price fluctuations without owning the underlying asset. The value of a CFD contract is based on the price change between when you enter and exit a trade. CFDs make it possible to achieve a Return on Investment (ROI) regardless of market direction, provided the transactions are executed skillfully.

 

Why I Prefer Trading S&P 500 on eToro

Having traded this asset on eToro multiple times, I've identified several benefits:

  • User-friendly interface: eToro offers an intuitive platform that is easy to navigate.
  • Flexible trading schedule: You can set pre-orders even when the index is closed, allowing for greater control.
  • No transaction fees on index trades: This feature reduces the cost of trading.
  • Leverage options: eToro allows you to open larger positions with a smaller capital outlay. However, leverage limits vary based on your country of residence, so it's important to be aware of these restrictions.

 

Exploring the S&P 500 on eToro: A Comprehensive Guide

The S&P 500 Asset Page on eToro

When you visit the S&P 500 asset page on eToro, you'll land on the Overview section by default, which includes several key features:

  • Graph: Displays the basic performance of the asset. Note that a more detailed graph is available in another tab.
  • About: Provides a brief overview of the index.
  • Latest News: Offers the most recent news about the S&P 500, sourced from CityFALCON.
  • People Also Bought: Shows other popular eToro indices that traders are investing in.
  • Copy Investors: Highlights top-performing traders investing in this index. You can copy their trades directly from this section.
  • Discussions: Here, traders share posts and engage in conversations about the S&P 500. The feed allows for interactions similar to social media platforms, including liking, commenting, or sharing posts.
eToro S&P 500 trading page
eToro S&P 500 trading page

 

Essential Index Trading Tools on eToro

The integrated tools on eToro make trading the S&P 500 and other indices seamless and efficient, without the need to switch between apps or screens. The key tools include:

  • Chart: This advanced live chart for the S&P 500 can be customized to display time gaps ranging from 1 minute to 1 week.
  • News: The platform curates the latest S&P 500 news from CityFALCON, including the mood of the news (positive, negative, or neutral). Below this is the Sentiment Trends section, showing a 30-day average sentiment along with daily sentiment scores and top stories.

 

Trading the S&P 500 on eToro

To trade the S&P 500, simply search for the index, choose "BUY" or "SELL," enter your investment amount, set your trading preferences, and execute the trade.

Buying S&P 500 on eToro
Buying S&P 500 on eToro

 

Conclusion: Maximizing Your S&P 500 Investment Experience on eToro

This guide covers all the essential aspects of investing in the S&P 500 index on eToro. Remember, these features and tips are applicable to both the web-based platform and the mobile app. Use these insights to enhance your trading strategy and make the most of your experience on eToro!

 

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. 76% 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 does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Wikitoro author Nick Zelver About Nick Zelver

Nick is the Senior Content Editor at Wikitoro.org with over 15 years in online marketing. A graduate of Toronto Metropolitan University, he has strategized for More Sales Inc. and led online sales at GlassesUSA.com. His journey through digital marketing, e-commerce, and account management has equipped him with a unique perspective. Every article he pens is infused with his real-world experiences, aiming to guide and inform readers.

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