eToro, the leading global multi-asset social broker based in Israel, now offers non-leveraged Australian stocks (ASX-listed) on its platform. This addition, implemented on March 12, 2023, allows clients to open positions on ASX-listed shares with underlying assets, a shift from only allowing trading as CFD positions.
Australian stock markets have been among the top-performing markets in 2022, thanks to the country's strong and stable economy. These Australian stocks focus on defensive assets, particularly in finance and materials, making them attractive to traders in uncertain times.
With this update, eToro clients can enjoy the benefit of 0% commission on stock trading positions opened under the underlying asset. This commission-free structure extends to positions when clients open or close non-leveraged BUY stock positions. However, it's essential to note that these changes don't affect trading positions opened before the implementation date.
eToro has been expanding its offerings and strategies. In August 2022, it introduced CFDs on shares of 77 ASX-listed companies. Then, in September 2022, eToro launched its Australian Economy Smart Portfolio, a fully invested investment portfolio focused on high-quality Australian companies.
These smart portfolios expose traders to various ASX-listed stocks across various sectors, including mining, oil and gas, finance, healthcare, software, and chemicals. Some notable holdings include BHP Billiton, National Australia Bank, Woodside Petroleum, Xero, and CSL.
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