Here at eToro, we constantly listen to user feedback and always work hard to give you the best possible trading experience. As part of this effort, we are pleased to inform our users that trading FX just became much more affordable, as we have lowered spreads on 10 major currency pairs on eToro. Some of the reductions include lowering the spread on EUR/USD and USD/JPY to just 1 pip!
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Rethinking Spreads on eToro
The spread reduction for FX pairs is part of a comprehensive overhaul of the Currencies category on eToro. After setting an industry standard with 0% commission on stock investing, we decided it was time to give our users more in other asset classes as well.
The change we are announcing has three distinct aspects:
1 — Spread Reduction
We have taken the top 10 currency pairs (FX) on eToro and significantly reduced the spreads on them. Below, you will find a detailed table, outlining the old and new spreads:
*These are typical, expected spreads which will fluctuate from time to time. Spreads may widen accordingly.
2 — Variable Spreads
While lowering spreads is a great move in favour of our clients, it is not the only step we have taken. In addition to lowering spreads, we have also introduced variable spreads. We realise that maintaining a rigid spread structure is not in our best interests, nor in our clients’. Therefore, we have become more flexible with our FX spreads, which will now change in accordance with market conditions, to enable you to take better advantage of market volatility. However, please note that in some cases, the spreads may expand further than the typical spreads mentioned in the table above.
3 — Adding the Pipette
Pip stands for “point in percent,” and it is the name given to the smallest decimal point for the listed price of a certain instrument. For example, for the EUR/USD currency pair on eToro, the pip was the fourth decimal point, while for the USD/JPY, it was the third.
However, now, the smallest decimal point for FX prices on eToro is no longer the pip. Prices now extend to an additional decimal point, or “pipette,” to offer an even more accurate representation of market prices.
A Better Forex Trading Experience
For more than a decade, we at eToro have been at the forefront of Fintech, giving our users numerous opportunities and advantages. The invention of social trading and CopyTrader™, the introduction of Stop Loss and Take Profit orders, offering a variety of financial assets, including cryptocurrencies and 0% stock investment, and offering ready-made investment portfolios, are just a few of the many steps we have taken to give you a better online trading and investing platform. Now, with the introduction of our new, lowered spreads on Forex pairs, we are certain that our users will have an improved experience and will be able to achieve more on eToro.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information.
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