eToro, a multi-asset broker and social trading network, said on Wednesday it has expanded its commodities offering with the metals platinum (XPT) and palladium (XPD). The broker intends to add more indices and stocks from the East to its product portfolio, but it provided no specific details.
According to the broker, the two metals, although not as traded as the traditional gold and silver, are highly popular on the commodities market and present a good opportunity for traders who want to diversify their trading portfolios, especially in times of currency crisis. Both platinum and palladium are in high demand in various industries, such as electronics, dentistry, chemistry, surgical instruments, jewelry, and others.
Other forex brokers that offer trading platinum and palladium include Pepperstone, FreshForex, Vantage FX, IG Group, and LiteForex, among others.
eToro has been consistently expanding its product offering. In February it included 190 additional stocks of companies from all US economy sectors, as well as stocks of several major Russian companies traded on the London Stock Exchange (LSE).
eToro currently only offers the eToro New trading platform, which was launched in November 2015. It replaced the developer’s other iconic platforms – eToro OpenBook and eToro WebTrader. The platform allows trading in currencies, commodities, indices, stocks, contracts for difference (CFDs) and exchange-traded funds (ETFs). It runs across all types of devices.
The eToro brand combines the companies eToro UK, regulated by the Financial Conduct Authority (FCA), and eToro Europe, regulated by the Cyprus Securities and Exchange Commission (CySEC). The brand is active in more than 170 countries worldwide. It has more than 4.5 million clients with more than 183 million opened trades.
eToro’s social trading network competes with ZuluTrade, Tradeo, FxPro SuperTrader, SwipeStox and Tradency, among others.