eToro vs Binance: Investment Products
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Surely many investors have been wondering when choosing Etoro or Binance exchange. Both of these exchanges are the top trusted and reputable brokers globally. Investiki would like to offer some comparisons to help new traders make their own decisions about choosing an exchange. We will provide comparisons between eToro and Binance based on different 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 at eToro vs Binance.
Investment products at eToro
The online broker eToro currently offers its users many investment products. Etoro offers its users exciting investment opportunities.
1. Stocks
Users can invest in more than 2,000 different stocks on eToro. Users will not be charged a commission when trading shares on the platform. You can find all those stocks at the largest stock exchanges in the world. Example is London, New York, Madrid, Frankfurt, Paris, Hong Kong, Zurich, and many more. The volatility of the stock market is desirable to 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 both famous and less popular currency pairs.
Examples of currencies currently available on eToro are:
- EUR
- U.S. dollar
- CAD
- GBP
- JPY
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 note that you can buy cryptocurrencies directly or invest in CFDs. In particular, we can store virtual currencies in our electronic wallets.
Some examples of cryptocurrencies currently being traded on Etoro are as follows:
- Bitcoin
- Ripple
- Litecoin
- Ethereum
- Dogecoin
4. Types of ETFs available on eToro
At 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.
Examples of popular ETF trackers on eToro:
- iShares MSCI Germany ETF.
- Vanguard FTSE Europe ETF.
- iShares Core U.S. Compound Bonds.
5. Stock market indices
eToro allows users to trade at least 13 stock market indices in specific sectors of the stock market.
Here are the most popular stock market indices:
- SP 500
- CAC 40
- Euro stock
6. Commodities
eToro offers commodity trading to help diversify investors’ portfolios. Examples of some essential commodity products are:
- Gold
- Silver
- Oil
- Gas
- Copper
Investment products available at 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 any other product 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:
- Binance Coin
- Stellar Lumens
- Cardano
- Tron
- IOTA
- Monero
In addition, the exchange also continuously introduces new cryptocurrencies every year.
In our personal opinion, In terms of investment products eToro vs Binance, both have their own strengths. Etoro will provide a diversified portfolio for investors to choose from. With Binance, you will be limited to the virtual currency world.
Investiki.com