eToro Extends Zero Commission Stocks Offering for ASIC Registered Clients

Fazzaco learned that eToro, an Israeli social trading and multi-asset brokerage company, has extended zero commission stocks offering to include stocks from many of the leading exchanges for ASIC registered clients.

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According to eToro Team, clients who invest in the underlying asset can also now do so in stocks listed on the NASDAQ and NYSE as well as a number of major (European) exchanges with 0% commission. In Europe, these include the following exchanges: Amsterdam, Brussels, Frankfurt, Lisbon, Madrid, Paris, Stockholm and Zurich.

This update includes ETFs, meaning all ETFs offered on eToro will now also incur 0% commission on the same terms.

The broker notes that leveraged positions, short (SELL) positions, and positions on stocks traded on exchanges not specified in the list above, will be executed as CFDs and will, therefore, incur a commission and other relevant fees.

eToro highlights that zero commission means that no broker fee will be charged when opening or closing the position and does not apply to short or leveraged positions. Other fees apply including FX fees on non-USD deposits and withdrawals.

Fazzaco recently reported that eToro announced an onboarding of 3.1 million traders​ within the first quarter of 2021, bringing its total user number up to 20.6 million retail clients.