Do not invest more money than you can afford to lose.
The Israeli forex broker and social trading platform developer eToro announced it is continuing its expansion on the Russian market and has improved the conditions on deposits in Russian rubles by cutting the conversion commissions. They are reduced five times from 250 pips to 50 pips.
Furthermore, it has added to its offering the stocks of several Russian companies, traded on the London Stock Exchange, including Yandex, Sberbank, Rosneft and Norilsk Nickel.
In February eToro and the largest Russian bank – Sberbank – announced a joint venture. It would provide eToro’s services to Russian investors and the clients of the bank will have access to the social trading platform of the broker. They would be able to use their Sberbank accounts for payments to eToro. The joint venture is expected to launch by the end of this year. The profits will be split 50:50 between eToro and Sberbank.
Also in February eToro added 190 US stocks to its trading instrument portfolio.
eToro was launched in 2008 and offers a social platform for investors to communicate, share strategies and trade in forex, CFDs, commodities, indices, stocks and exchange-traded funds (ETFs). It has more than 4.5 million registered users from 170 countries across the world and is regulated by UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
