eToro has expanded its services in Spain by introducing futures trading for new users. This move provides them with more opportunities to diversify their investment strategies and access a broader range of financial products. Futures trading allows users to plan their investments with contracts that have defined expiry dates, offering more structure to their trading activities.

Futures Trading in Spain with Diverse Market Options

The available futures contracts on eToro include several well-known products, such as the Micro WTI $OIL Future, $NSDQ100, $GOLD, NATGAS, $SPX500, and DJ30. These contracts allow traders to tap into various markets, including commodities, indices, and energy sectors.

It is important to highlight that futures instruments carry a significant risk of losing money. As eToro has stated:

“Futures are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how futures work, and whether you can afford to lose more than your original investment.”

eToro Futures Contracts Offer Diversification

According to eToro, Futures trading offers several advantages. It enables diversification, giving users access to markets they might not have engaged with otherwise. Additionally, it allows for leverage, where users can amplify their exposure with relatively smaller investments.

The defined expiry dates of the contracts provide flexibility in planning trades. According to eToro, it ensures transparency by facilitating trades directly through regulated exchanges such as CME and ICE.

Expanding Deposit Options and Securing Regulatory Approval in Europe

Meanwhile, eToro has introduced new deposit options for its European users and secured regulatory approval to expand its operations. Customers can now deposit funds via credit cards or bank transfers in eight local currencies, as reported by Finance Magnates.

eToro (Europe) Ltd has received approval from the Cyprus Securities and Exchange Commission to operate under the Markets in Crypto-Assets Regulation. This regulation standardizes cryptocurrency trading rules across the EU. The platform also adheres to MiFID, which governs financial markets in the region.

The newly supported currencies include Swedish Krona, Norwegian Krone, Danish Krone, Swiss Franc, Hungarian Forint, Polish Zloty, Czech Koruna, and Romanian Leu. Additionally, eToro has reduced foreign exchange fees, starting at 1%, to improve flexibility and lower transaction costs.

This article was written by Tareq Sikder at www.financemagnates.com.FinTechRead More

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