eToro has initiated a new leverage system to accompany its recently launched stock and CFD instruments, according to an Etoro statement.
Last month, eToro unveiled its real-time single stock CFD trading offering. The launch took place after Finance Magnates reported in March that the product was part of a series of additions being rolled out in 2015 along with a new HTML5 trading platform.
The new leverage offering is effective immediately, affecting all stock and Bitcoin trades up to a multiple of 5 times. Clients will now be afforded access to leverages of 1 times, 2 times, or 5 times on any respective long or short position, regardless of size.
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Moreover, eToro has made the utility accessible via its WebTrader application:
In a separate statement, eToro will also be implementing a new minimum floor for each of its instruments. The floor schedule is slated to take effect May 25, 2015 and is as follows:
- $25 minimum for Currencies (including Bitcoin), Commodities, and Indices
- $50 minimum for Stocks