Global trading broker, eToro, expanded its commission-free offer of non-leveraged Australian stocks (ASX-listed) on March 12, 2023.
eToro, a leading global multi-asset social broker based in Israel, has announced the addition of a non-leveraged Australian stock (ASX-listed) offering to its platform. From March 12, 2023, its clients can open positions on shares of the ASX exchange containing underlying assets, such as physical assets, having previously only allowed trading as CFD positions.
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Australian stock markets will be one of the best-performing markets in 2022 with the country's strong and stable economy. Australian stocks focus on defensive assets such as finances and materials, which will benefit traders in uncertain times.
Henceforward, eToro clients can benefit from the offer of 0% commission on stock trading positions opened under the underlying asset. Brokers never charge additional fees, such as a ticket, administration, and rollover fees. This 0% commission applies when a client opens or closes a non-leveraged BUY stock position and does not apply to share CFDs. No changes will be made For trading positions opened before their implementation date.
eToro Business Expansion and Management Steps
This latest addition comes after eToro expanded its offering to include CFDs on the shares of 77 ASX-listed companies in August 2022. In September 2022, eToro will launch its Australian Economy Smart Portfolio. It is a fully invested investment portfolio focused on quality Australian companies.
Additionally, traders can gain exposure to ASX-listed stocks across various sectors, including mining, oil & gas, finance, healthcare, software, and chemicals through smart portfolios. Holdings include BHP Billiton, National Australia Bank, Woodside Petroleum, Xero, and CSL.