Yes, you can buy US stocks on eToro. The platform allows you to buy and sell stocks within their investment system, holding them in a segregated omnibus account on your behalf. However, it's not possible to transfer open stock positions from eToro to another broker or individual.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal, "Virtual currencies are highly volatile. Your capital is at risk."
This is a question that might cross your mind when exploring the diverse range of financial instruments available on this platform. Notably, stocks are the category with the most assets on eToro. In this article, I'll delve into the specifics of purchasing US stocks through this broker.
Firstly, it's important to understand that eToro is not an exchange or a stock market. This means that while you can buy or sell eToro USA stocks within their investment platform, you cannot transfer open positions from your eToro account to another broker or individual.
However, you do have the flexibility to close positions and withdraw your funds if you decide to do so.
Here's the deal: When you open a position on any US stock via this broker, the platform holds the stocks for you in a segregated omnibus account. This arrangement ensures that if the company whose stocks you've invested in issues dividends, your eToro balance will reflect these earnings in line with your holdings.
An interesting feature of this broker is that, as of now, clients can exercise allocated voting rights exclusively for US stocks. This aspect adds a layer of engagement and influence for investors holding American stocks on the platform.
eToro offers a convenient and user-friendly platform for investing in US stocks, with the added benefit of dividend accrual and voting rights for these stocks. While it doesn't allow the transfer of open positions to other brokers, it provides a straightforward way to manage and grow your investments in the US stock market.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
76% of retail investor accounts lose money
