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.
77% of retail investor accounts lose money when trading CFDs with this provider.
- 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
- Social and copy index trading
- Easy-to-use platform
- Can change your index leverage
- Accounts must be in USD
- High FX conversion charges
- Index pricing can be wide
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