Surely many investors wondered when they chose Etoro or Binance exchange. Both of these exchanges are the most reliable and reputable brokers globally. Investiki would like to offer some comparisons to help new traders make their own decisions about choosing a trade. We will provide comparisons between eToro and Binance based on several critical criteria. This article will allow the reader to have a clearer view and save more time. Let’s take a closer look at the investment products available on eToro vs Binance.
Investment Products on eToro
The online broker eToro currently offers its users many investment products. Etoro offers its users interesting investment opportunities.
1. Stocks
Users can invest in more than 2,000 different stocks on eToro. Users will not be charged any fees when trading stocks on the platform. You can find all those stocks on the biggest exchanges in the world. An example is London, New York, Madrid, Frankfurt, Paris, Hong Kong, Zurich and many others. Stock market volatility is desirable for investors.
Some examples of stocks that can be traded on eToro:
- Amazon
- EDF
- BNP Paribas
- FDJ
2. Forex or currency pairs on eToro
The forex market is always very active, with a daily trading volume of up to $5 trillion. eToro offers its users the opportunity to trade no less than 50 currency pairs. Investors can find famous and less popular currency pairs.
3. Cryptocurrencies
Recently, cryptocurrency has been an investment opportunity not to be missed. eToro offers investors more than 20 of the most popular virtual currencies to pursue their investment passions.
Users may notice that it is possible to buy cryptocurrencies directly or invest in CFDs. In particular, we can store virtual currencies in our electronic wallets.
4. Types of ETFs available on eToro
On eToro, you can invest in over 250 ETFs. An Exchange Traded Fund is a financial asset issued by a bank or government to generate profits for investors.
5. Stock exchange rates
eToro allows users to trade at least 13 stock market indices in specific sectors of the stock market.
6. Raw materials
eToro offers commodity trading to help diversify investors’ portfolios. Examples of some essential basic products are:
Investment products available on Binance
Binance does not offer the same diversified investment products as eToro. The Binance platform offers only one type of financial product: virtual currency. Users will not be able to transact with products other than cryptocurrencies.
Binance currently offers users nearly 300 different cryptocurrencies. Perhaps it is impossible not to mention Bitcoin and other popular cryptocurrencies such as:
In addition, the exchange continuously introduces new cryptocurrencies every year.
In our personal opinion, in terms of eToro vs Binance investment products, both have their strengths. Etoro will provide a diversified portfolio for investors to choose from. With Binance, you will be limited to the world of virtual currencies.