Yes, you can invest in indices like the S&P500 through either a CFD or a ETF with eToro. If you want to take short-term speculative positions then trading an index as a CFD lets you bet on the market going up or down. But, if instead you want to invest in an index with eToro in the longer term you can buy an ETF like the SPX.
However, there is a downside if you want to invest in non-USD indices like the FTSE 100 with eToro as you can only trade in USD. So, if you deposit GBP to buy a FTSE100 ETF, you have to convert your GBP to USD, which incurs foreign exchange conversion costs.
eToro Indices Trading Review
Name: eToro Indices Trading
Description: With eToro you can trade index CFDs or buy index-tracking ETFs. The social trading platform is easy to use and offers traders and investors the opportunity to trade a wide range of major stock indices as well as see and copy other traders positions.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Summary
- Indices available: 15
- Minimum deposit: $50
- Account types: CFDs & investing in USD
- Index pricing: FTSE 1, DAX 1.5, Dow 6, NASDAQ 2.4, S&P 0.75
Pros
- Social and copy index trading
- Easy-to-use platform
- Can change your index leverage
Cons
- Accounts must be in USD
- High FX conversion charges
- Index pricing can be wide
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Pricing
(3.5)
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Market Access
(3.5)
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Online Platform
(4)
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Customer Service
(3.5)
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Research & Analysis
(3.5)
Overall
3.6
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
