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Thirty-four New CFDs in Beta at Forex Broker eToro

Jul 09 2013

Last week we wrote about eToro adding 10 new CFDs to its trading instruments offering, and told you about the broker's plan to raise that number to over 50 – but frankly, we didn't expect this to happen so soon. 

And yet, a mere week later, this is a fact and eToro customers have access to 52 contracts for differences on stock, with 34 CFDs just added in Beta version. The old and newly-added CFDs are tradable on OpenBook only are not available on eToro's webtrader. 
I won't list all 34 new additions but I'll give you a preview: eToro goes on with its tendency to add stocks of well-known, recognizable brands. The list includes American Express, MasterCard, Johnson & Johnson, Boeing, Bank of America, Cisco, Intel, AT&T, General Electric, and many others.
What's peculiar here is the Beta version of this new launch – the broker claims that this is just an initial release for “internal” customers. I asked a customer support rep what for a species an internal customer is but, alas, my question was skipped with cold silence. From what I saw, the new CFDs are available for anyone on OpenBook – so I shouldn't really feel privileged to have access to them. 
Nonetheless, eToro claims that there's a difference between these internal clients and the general public, and encourages anyone to submit feedback on the new trading instruments: the broker wants to know what we think about them, and whether we encounter any problems. I can't really imagine any issues that I would face with particular CFDs (“Erm, hi, eToro, the Disney CFD is giving me an attitude!”) - but then again, you never know. 
All things aside, though, it's admirable that eToro is really trying to expand its offering and present its clients with a decent list of trading instruments – after all, the competition on the retail forex market is quite aggressive, and traders are getting more and more picky looking for the best trading conditions available so it takes ongoing efforts to remain on top and keep your customers happy. With social trading becoming a popular trend, and eToro being far from the only network for trading signals, it will just get harder for the broker to keep its market share. 

About eToro

eToro is a Cyprus-based forex broker regulated by the Cyprus Securities and Exchange Commission. It offers reasonable trading via proprietary trading platforms, variable spreads from 1 pip, and leverage of up to 1:400.
Recently the broker obtained a license from the Financial Conduct Authority (FCA) in the UK, and is expected to set up offices in London soon. 
TAGS: forex trading  forex broker  forex  eToro  Liquid Markets  CFD  contracts for differences 

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