Despite experiencing share decline last year, broker eToro's forex will impose restrictions on trading of non-leveraged cryptocurrency Contracts for Differences (CFDs) in France and Australia. The broker has communicated with clients to liquidate non-leveraged long positions with these instrumentsbefore the approaching deadlines of February 19 for Australia and February 21 for France.
While eToro forex broker will close all open non-leveraged CFD crypto asset positions at market value after the deadline, the social trading broker continues to offer physical non-leveraged crypto trading options in both countries. Traders who wish to maintain their open positions are advised to close the Crypto CFD and switch to a similar real asset position.
In a proactive move, this FCA regulated broker will no longer charge overnight fees for traders transacting with real crypto assets, due to fees This only applies to CFD positions. This decision is part of a wider global restructuring of eToro's cryptocurrency offering, following the recent closure of its crypto custody service in Germany.
We can observe fromforex broker news above, eToro is committed to maintaining its integration approach, securing various licenses throughout Europe and the Middle East. This strategic emphasis on physical assets is in line with significant industry trends and reflects the broker's responsiveness to evolving regulations and investor preferences.