eToro Launches Futures Trading For Spanish Users

Online trading giant eToro has announced the expansion of its futures trading service in Spain. The company said users in the country can now trade futures on its platform. The move, according to eToro, offers users more options for diversifying their investment strategies, giving them the opportunity to access a wide range of financial products.

Futures trading gives traders the ability to plan their investments with contracts that have definite expiry dates, giving them more control of their trading activities.

eToro Offer Diverse Market Option For Traders In Spain

Future contracts on the eToro platform will include a wide range of products for users. These include DJ30, $SPX500, NATGAS, $GOLD, $NSDQ100, and $OIL Future. These contracts give traders the opportunity to trade in various markets, including energy sectors, indices, and commodities.

However, investors are warned of the high risk of futures investment, just like other investment options. “Futures are complex instruments and come with a high risk of losing money rapidly due to leverage,” warns eToro.

The company stated that traders and investors should always understand how futures work before investing their funds. They should also study the market and other indices and whether they can afford to lose more than their original investment.

eToro also stated that the futures contract offers diversification of investment, among other benefits. It enables users to have access to markets they may not have access to engage. Also, it gives better leverage, where users can use smaller investments to magnify their exposure.

Also, the contracts come with defined expiry, which offers more flexibility and control for investors to pan their trades. eToro also noted that facilitates trades directly via regulated exchanges like ICE and CME, which ensures transparency.

eToro Adds Deposit Options For Its European Users

eToro has also announced that it has secured approval to expand its operations in Europe. In line with the approval, the platform has also introduced new deposit options for European users.

Customers can now deposit funds via bank transfers or credit cards in eight local currencies. The newly supported currencies include Romanian Leu, Czech Koruna, Polish Zloty, Hungarian Forint, Swiss Franc, Danish Krone, Norwegian Krone, and Swedish Krona.

eToro stated that it recently received a license from the Cyprus Securities and Exchange Commission (CySEC) to operate in Europe. The license, which was obtained under the Markets in Crypto-Assets Regulation, standardizes the rules of cryptocurrency trading in Europe. eToro also noted that it abides by the regulations of MiFD, which oversees financial markets in Europe.