eToro Launches New CFDs for Extended Hours Stock Trading

<p>eToro
has made another move aimed at attracting younger generations of investors. The
social <a href="https://www.financemagnates.com/terms/t/trading-platform/">trading platform</a> is introducing extended trading hours into its
offering. In this way, trading in the most popular US companies will become
more flexible, similar to the forex and cryptocurrency markets. Individual
investors initially stand to gain an additional three hours of trading, with
the chance of extending this further in the future.</p><p>eToro Enables Pre-Market
Trades</p><p>The initial
offering covers pre-market trading, giving investors the flexibility to engage
with the market at times that are more convenient for them. The extended
trading hours also present an opportunity to act on out-of-hours events like
earnings reports or significant macroeconomic events.</p><p>This
feature will be accessed via a separate contract for difference (CFD) from
in-hours investing. Users can find the stocks for extended hours trading under
the .EXT ticker for the specific stock. Extended-hours instruments are CFDs,
and there will be no cost difference in fee terms between after-hours and regular-hours traded instruments. However, spreads may vary due to trading liquidity
fluctuations.</p><p>Ten stocks,
including Tesla, Amazon, Apple, Nio, Meta, Microsoft, Alphabet, Nvidia,
GameStop, and Netflix, will be available at launch, with the promise of
post-market functionality soon.</p><p>“With US
companies releasing results and news outside market hours, there can often be
significant price movement before the opening bell. Pre-market trading allows
retail investors to get on the front foot by either getting in early or
protecting themselves against market gaps via hedging,” Dan Moczulski, the UK
Managing Director of eToro, explained. </p><p>He added
that the new feature is a response to the importance of the US market to many
investors and aims to make it accessible at more sociable hours.</p><p>This
expansion of trading hours has several benefits for eToro users. It offers
real-time response to news events and data and flexibility for trades around
individual schedules. In addition, it reduces risk by getting ahead of the main
market reactions. Furthermore, this move is expected to inspire more user
engagement, as witnessed in the 24/7 crypto markets. This availability makes <a href="https://www.financemagnates.com/terms/b/bitcoin/">Bitcoin</a>
(BTC) <a href="https://www.financemagnates.com/cryptocurrency/bitcoin-maintains-pole-position-among-retail-traders-in-q2-despite-market-fluctuations/" target="_blank" rel="follow">the most popular instrument</a> among eToro customers in the second quarter
of 2023.</p><p>"This
launch is yet another example of eToro providing clients with the tools to meet
their investing needs – from beginners to more sophisticated traders. By
further opening up markets, more people will now have access to an offering
which was previously limited to few, Moczulski concluded. </p><p>eToro's
move fits into a trend among CFD brokers who are increasingly eager to offer
their users trading in additional hours. Traditionally, this market was
available 24/5, but now the <a href="https://www.financemagnates.com/cryptocurrency/trading/thinkmarkets-now-offers-24-7-trading-on-cryptocurrency-cfds/" target="_blank" rel="follow">offer is extending to weekends</a>, partly due to the
popularity of crypto. Young investors want to invest anywhere and at any time,
and brokers strive to meet these expectations.</p><p>eToro Bets on Sports
Sponsorships</p><p>eToro is
leveraging the surge in football interest <a href="https://www.financemagnates.com/forex/etoro-enters-the-world-of-womens-football-ahead-of-the-world-cup-2023/" target="_blank" rel="follow">during the Women's World Cup</a>. The broker
announced sponsorships with four prominent UK football clubs: Arsenal, Crystal
Palace, Everton, and West Ham. These clubs are top competitors in both women's
and men's leagues.</p><blockquote><p lang="en" dir="ltr">