No, eToro does not offer spread betting accounts. However, investors find a better option to trade by speculating on any commodity or stock through trading Contracts for Difference (CFD)—which is one of the most widely-used trading tool in eToro. Another option is its social trading feature which maximizes the capabilities of copy trading.
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.
If you're curious about the availability of spread betting on eToro's platform, you've come to the right place. In this post, I'll provide clarity on this topic based on my thorough exploration and personal findings on this broker. Continue reading to discover the answer and learn about the alternatives offered on the platform. Please note that the insights shared here are derived from my own experience.
Spread betting is a trading activity wherein the investor speculates on a commodity or stock that they do not own via an educated stake on whether the value of the asset will rise or fall in the future based on the current value offered by the broker.
To put it simply...
Spread betting, like the term suggests, involves making a bet on the price movements of an underlying assets without having to buy or own it.
Take note: With spread betting, you as an investor is not betting on the stock or asset directly, but the difference between the ask and bid value of the commodity—which investors refer to as the "spread".
As one of the most popular derivative product in which you can apply your financial market investment strategy, spread betting is widely practiced in the speculation of shares, indices, forex and commodities because it doesn't require having to buy or own an asset.
By placing a bet on whether an asset's value will rise or fall, investors can pretty much earn decent income through this investment approach. That's what spread betting is. The term "eToro spreads" however is very much different as this basically discusses the spreads that are offered by this broker and has nothing to do with wagering.
Upon an in-depth examination of eToro's web-based platform, mobile applications, and additional services like the eToro Money Wallet, it became evident that spread betting is not an option for users.
My investigation revealed that eToro primarily focuses on providing services such as CFD (Contracts for Difference) trading across various asset classes, real stock trading, and cryptocurrency trading. As for eToro Money services, they offer an e-money account or a crypto wallet, which varies based on the user's country of residence. It is clear from this analysis that spread betting is not a feature available on eToro's platforms.
After thorough examination of eToro's platform, it's clear that they do not provide spread betting accounts. While this may be a letdown for spread betting enthusiasts, I highly recommend considering an alternative: trading Contracts for Difference (CFD), which is available on this broker.
Additionally, thee CopyTrader feature is worth exploring, offering a unique approach to trading by allowing you to mirror the strategies of experienced traders.
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.