eToro has introduced futures trading for new users in Spain, marking a significant expansion of its services in the country. This development allows Spanish traders to access a wide range of futures contracts, including commodities like oil and gold, as well as major indices.
Diverse Futures Contracts Available
Among the futures contracts available on eToro are well-known options such as the Micro WTI $OIL Future, $NSDQ100, $GOLD, NATGAS, $SPX500, and DJ30. These contracts cover a variety of markets, including commodities, indices, and energy sectors, providing traders with opportunities to diversify their investments.
Understanding the Risks of Futures Trading
It’s important for traders to understand that futures instruments come with high risks. As eToro notes, futures can lead to rapid losses due to leverage, and users should carefully consider whether they fully understand how futures work before investing. “You should consider whether you understand how futures work, and whether you can afford to lose more than your original investment,” eToro advises.
Benefits of Futures Trading on eToro
eToro emphasizes several benefits of futures trading. It offers users the ability to diversify their portfolios, providing access to markets they might not otherwise engage with. Additionally, futures contracts allow for leverage, enabling traders to amplify their exposure with smaller initial investments. With defined expiry dates, futures contracts offer structure and flexibility in trade planning. Furthermore, eToro ensures transparency by facilitating trades through regulated exchanges such as CME and ICE.
Expansion of Deposit Options and Regulatory Approvals
In addition to launching futures trading, eToro has expanded its deposit options for European users. Customers can now fund their accounts via credit cards or bank transfers in eight local currencies, including Swedish Krona, Norwegian Krone, and Swiss Franc, among others. eToro has also reduced foreign exchange fees, starting at 1%, to provide more flexibility and lower transaction costs.
The platform has received regulatory approval from the Cyprus Securities and Exchange Commission to operate under the Markets in Crypto-Assets Regulation, which standardizes cryptocurrency trading across the EU. eToro also complies with MiFID, which governs financial markets within the region. This further strengthens eToro’s position as a reliable and regulated platform for European investors.
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