Social trading and multi asset brokerage company eToro has expanded its product portfolio with 139 new stocks on the Chinese, Russian and US stock exchanges, the company said on Sunday. Now eToro’s clients can trade with more than 450 stocks from around the globe.
The new stocks allow trade with instant execution, long and short investment, and a leverage rate of up to 10:1.
The majority of the new stocks available for trade are of US companies. The list includes well-known names such as General Motors, PayPal, GoPro, Philip Morris, and Wells Fargo.
eToro has also added 15 Russian stocks, including those of Sberbank of Russia, oil and gas giants Gazprom and Tatneft, as well as 10 Chinese stocks, including the those of online retailer JD and online travel agency Ctrip.
According to the company, Russia is positioning itself in the global markets as a key destination with many investment opportunities, while China has long been talked about as the most likely nation to overtake the US in the world’s driving seat, especially when it comes to economic might.
Earlier this month, eToro said it has added 30 exchange traded funds (ETFs) for the first time via its recently-launched social trading platform, New eToro, and has added two new indices – the JPN225 and ITA40, as part of the launch of 100 new instruments to the platform. It said at the time it intends to add even more new assets in 2016.
New eToro is currently the only social trading platform of eToro. It was launched in November 2015 it replaced the iconic eToro OpenBook and eToro WebTrader platforms. The platform available across all types of devices and allows the trade with contracts for difference (CFDs) on stocks, indices, commodities and currencies. Traders can use customizable watchlists, portfolio and risk management tools, real-time charts and live newsfeeds.
The company has units registered and regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC) and in the UK by the Financial Conduct Authority (FCA). It has more than 4.5 million registered users in more than 170 countries across the world with nearly 173 million open trades.
Social trading networking allow investors to trade, follow other fellow traders and copy their trades, and get followed themselves. It is especially suitable for inexperienced traders. Other social trading platforms on the CFDs market are ZuluTrade, Tradeo, and Tradency among others.