Yoni Assia, co-founder and CEO of eToro, said:"eToro was founded with the goal of opening up financial markets to all. We hope that by offering commission-free investing for the most frequently bought stocks on eToro, more people will start investing."
By offering fractional shares, the eToro platform allows investors to buy as little as 0.001 of a share, enabling users to diversify their portfolio with stocks that they otherwise might not be able to afford. Investors can open a position on the most popular stocks without commission from as little as US$50.
The Asia-Pacific is one of eToro's fast-growing markets. In the first four months of 2020, the platform has seen a more than 400 per cent increase in users from the region investing for the first time, compared to the same period last year. eToro introduced commission-free stocks in Europe and the UK in May last year. Investment in stocks has tripled on the platform globally in the first quarter of this year, compared to the last quarter of 2019.
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