eToro, the trading and investing platform, announced that eToro USA Securities Inc. is operational in New York State, making the platform available for eligible investors nationwide.
Retail investors in New York can now trade fractional stocks, exchange traded funds, and options on the eToro platform.
Yoni Assia, Co-Founder and CEO of eToro, commented that their New York launch is a key milestone as they mark their US business being accessible to investors in all 50 states.
Assia added that New York is the economic capital of the world and they’re excited to now be “able to provide New Yorkers with access to investing opportunities, financial education, and the power of a global community.”
On eToro, users are able to trade fractional stocks and ETFs commission free, as well as trading options “without contract fees.”
eToro has simplified options trading for retail investors through their innovative social trading functionalities “such as ‘copy trade’, enabling traders to duplicate the trades of others.”
Clients can also practice trading using eToro’s draft trading, access financial education resources in the eToro Academy, and “tap into the power of shared knowledge across eToro’s global community.”
Andrew McCormick, Head of eToro US, said that while the US has one of the highest rates of retail investor participation in stock markets globally, there still remains “a huge opportunity to engage everyday investors who wish to grow their financial knowledge and wealth.”
McCormick added that markets can be fast moving and volatile at times; however, now is “always the right time to start investing.” He also mentioned that their goal is to empower investors “through eToro’s unique products and global community.”
In addition to New York, eToro is now reportedly available in Nevada, Hawaii, Puerto Rico, and the U.S. Virgin Islands bringing “coverage to all 50 states.”
As clarified in the update, crypto-assets available in select states depending on the local regulatory requirements.
As covered, eToro is the trading and investing platform that “empowers you to invest, share and learn.”
They were founded back in 2007 with the vision of a world where everyone can trade and invest in “a simple and transparent way.”
They now claim to have more than 38 million registered users from 75 countries.
They believe there is power in “shared knowledge” and that we can become more successful by investing together.
