If you’ve already heard of the eToro trading platform, chances are, you’ve learned that it’s a good platform for trading stocks, forex, and cryptocurrencies.
But, on the other hand, if you’re really not planning on trading but instead you want to invest in the long-term, you might ask: “is eToro actually a good platform for long-term investing too?“
If so, we got you covered.
Here are 6 reasons why eToro is great for long-term investing.
1. eToro is beginner-friendly 😃
eToro‘s interface is so simple and beginner-friendly that it’s as easy as using your favorite social media sites like Facebook and Twitter.
The designers of eToro‘s user interface really designed the platform in a way that investing your money won’t be difficult and complicated like with most older trading and investing platforms.
Buying and selling stocks and other assets are really easy too, that it almost feels like you’re just buying virtual items in a video game.
2. Invest in your favorite stocks 🤑
Want to invest in your favorite companies such as Apple (AAPL), Amazon (AMZN), Facebook (FB), Disney (DIS), or 2020’s favorite, Tesla (TSLA)? eToro has them all!
eToro has a huge selection of stocks, from famous ones like those listed above, down to the lesser-known stocks.
Also, if a certain stock you want to buy isn’t listed on eToro yet, you can easily make a suggestion to them through the help section to hopefully get them to list that stock.
3. They have a good amount of ETFs 📈
If you want to have a safe long-term investment, going for ETFs is also a great choice. Fortunately, on eToro, they have a good amount of ETFs listed on their platform.
Currently, they have your favorite ETFs like:
- Powershares QQQ (QQQ)
- SPDR S&P 500 ETF (SPY)
- Vanguard Total Stock Market ETF (VTI)
- Vanguard S&P 500 ETF (VOO)
- Vanguard Total Bond Market ETF (BND)
- Vanguard Real Estate ETF (VNQ)
and that’s just the tip of the iceberg. If you want to check out the other ETFs, check out eToro here.
Disclaimer: 75% of retail CFD accounts lose money. Trade with caution.
4. Zero-commission Trading & Investing 💰
You’ve heard that right.
You can hold stocks, ETFs, and assets like gold or bitcoin for decades long without any commissions at all as long as you don’t use leverage.
Having no fees is definitely something you’d want if you’re planning on investing for long periods of time.
NOTE: eToro has an inactivity fee of $10/month. It’s very easy to circumvent this though. All you need to do is to login into your eToro account once every 12 months, and you wouldn’t need to pay any fees at all.
5. eToro is regulated
eToro Ltd is a registered and regulated company in Cyprus, Isreal, the United Kingdom, the United States, and Australia.
Instead of showing you screenshots(that could easily be cheated and manipulated), take a look at their filings yourself instead.
Here are the links to their registered filings:
- U.S. Securities and Exchange Commission
- Financial Conduct Authority (UK): eToro (UK) Ltd | Etoro (Europe) Limited
- Cyprus Securities and Exchange Commission
- Australian Securities & Investments Commission
If you’re going to invest your money in any platform, you’d definitely want to make sure that the platform is regulated.
6. Fractional shares!
Do you want to buy highly-priced stocks like Amazon($2000+) or Google($1000+) but don’t have that much money at the moment?
Fortunately, eToro supports fractional shares! You can simply buy a very small fraction of a stock, for as low as $50.
7. Mobile support
Being available on both the Google PlayStore and the Apple App Store, with their mobile app having the same look and feel as their desktop app, you can easily check how your long-term investment portfolio is doing wherever you are, as long as you have an internet connection.
Final Thoughts.
First of all, congratulations to you on the fact that you’re planning on investing. While we suggest making an eToro account early on so you can get your account activated as soon as possible, make sure to do your research first to know what you’re actually buying first. You wouldn’t want to invest blindly!
