ETORO online broker has boosted its long -term investment offer for users in the United Kingdom, Europe and the UAE, allowing repetitive investments.
Etoro users can now create an automated repetition of an asset at regular intervals, helping users to contribute firmly to their investment goals. By creating a recurring investment plan, users can release the time of manual orders. The new feature is available for stocks, ETFS and cryptocurrency.
Research by Etoro Beat’s retail investor, which gathers information from 10,000 retail investors in 12 countries, has revealed that the most common reasons people choose to use recurrent investments must invest according to what they can afford (45%) to make it easier to make and save time (45%), (29%) and allow the dollars’ route to abolish the market average (29%) and allow dollars (25%).
“The launch of repetitive investments is the last example of Etoro’s commitment to expand its long -term investment offer. Explains Tuval Chomut, head of solutions to Etoro.
ETORO’s Reburring Investments feature is available to eligible users in the United Kingdom, Europe and the UAE. The initial investment starts at US $ 25, with a maximum of $ 5,000 per transaction and $ 25,000 in total transactions per month.
The addition of recurring investments is one of the many recent launches from Etoro, with the platform recently revealing a number of new portfolio tools, helping users differentiate and make more up -to -date investment decisions. ETORO has also released GBP or EUR accounts, allowing users of the United Kingdom and European to invest in stocks entering the United Kingdom or the EU directly in their local currency, saving money in currency conversion fees.
The recurring investment feature is available to Etoro users in the United Kingdom, the UAE, Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Norway Sweden. Users in the Netherlands can currently create repetitive investment in stocks and ETFs, with Crypto being added soon.
This feature is not currently available for ETF in Switzerland and for encryption in Belgium and the UAE. Repeated investments are not currently available for CFD, Smartportfolios or Copytrading.
Stocks, cryptocurrencies or ETF positions opened through a repetitive plan are exempt from supply fees.