eToro Launches Recurring Investments for UK, EU, and UAE Users
eToro has introduced a recurring investments feature for users in the UK, Europe, and the UAE. It will make long-term investing easier and more consistent. eToro helps users stay on track with their financial goals without placing manual orders each time by allowing automated purchases.
What is the Recurring Investment Feature?
The recurring investment feature lets users automate repeat asset purchases or at regular intervals. It removes the need to log in and invest manually. Users can apply this to stocks, ETFs, and cryptoassets. The minimum amount per transaction is $25. The maximum is $5,000 per transaction, and $25,000 total per month.
Why It Matters to Investors
eToro surveyed 10,000 retail investors across 12 countries. The findings state why this feature is important:
- 45% want to invest consistently with what they can afford
- 41% say automation saves time
- 29% use it to avoid the stress of market timing
- 25% prefer it to enable dollar-cost averaging, helping lower the average cost of assets
Regional Availability and Limitations
This feature is live for users in the UK, UAE, Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Norway, Poland, Portugal, Romania, Spain, Switzerland, and Sweden. In the Netherlands, users can currently set up recurring investments for stocks and ETFs, with crypto to follow. It’s not yet available for ETFs in Switzerland. Crypto is currently unavailable in Belgium and the UAE.
Benefits for Traders
This move will offer these benefits:
More Consistent Investment Habits
Users can automate purchases. It helps maintain a disciplined approach. It reduces the chance of missing opportunities due to market distractions or timing uncertainty.
Time-Saving for Active Traders
Recurring investments remove the need for manual buy orders. It is useful for traders managing multiple positions or platforms. It lets them focus on strategy instead of routine tasks.
Lower Average Costs
Users can reduce the average purchase cost over time by investing fixed amounts regularly. It smooths out entry points, especially in volatile markets.
No Commission Fees on Recurring Orders
Stock, ETF, and crypto positions opened through recurring plans are commission-free. It directly cuts trading costs, important for high-frequency or long-term investors.
Reduced Currency Conversion Charges
UK and European users can invest in local stocks using GBP or EUR. It limits conversion fees. It can otherwise erode profits, especially for active investors.
About eToro
eToro is a social trading and multi-asset brokerage platform. It allows users to trade and invest in varied financial instruments, including stocks, ETFs, cryptocurrencies, and CFDs. The platform has unique social trading features like CopyTrader. It lets users replicate the trades of experienced investors. eToro crossed over 35 million users by 2023. It serves in more than 100 countries. eToro recently partnered with Generali to offer life insurance and retirement savings products for French retail investors.
Summing Up
eToro’s recurring investment feature makes long-term investing more practical and efficient. Users can build wealth consistently while saving time.
Register your company now and get featured on our homepage!
