eToro’s
users now have round-the-clock access to all stocks in the S&P 500 and
Nasdaq 100 for five days a week, as the trading and investing platform ramps up
its extended trading service.

eToro Adds 24/5 Trading to Full S&P 500, Nasdaq 100

Trading on
eToro is now available from Sunday, 8:05 p.m. to Friday, 4:00 p.m. ET, opening
US equities to global investors at times that suit their own schedules. It also
expands from the initial batch of 100 stocks covered when
the feature launched in July.

“Our
mission has always been to open the global markets and make trading accessible
to everyone, everywhere,” Yossi Brandes, VP of Execution Services at eToro,
said. “The S&P 500 and Nasdaq 100 represent some of the world’s most
influential companies, and now with 24/5 trading our users around the world
have the flexibility to trade them at their own convenience. We will continue
to add more assets and to expand our 24/5 offering to meet the evolving needs
of our global community.”

Extended
trading hours on eToro put it in direct competition with brokerages such as
Schwab and Fidelity, which have rolled out similar access to attract active
investors wanting to react to overnight price swings. For many retail investors
outside the US, the ability to trade American stocks during local daytime hours
helps level the playing field with institutional traders.

The move
comes as retail interest in after-hours trading continues to climb, fueled by a
surge in market events that happen outside traditional 9:30 a.m. to 4:00 p.m.
ET windows.

For eToro,
which recently listed on the Nasdaq, broadening its service marks an attempt to
capitalize on that shift and compete in an increasingly crowded US market.

eToro Posts 48% Net Income Annual Gain in Q3

The timing comes on the heels of a robust third quarter where the platform notched a 48% jump in net income year-over-year, reflecting strong demand from its expanding user base. Quarterly results showed net income at $57 million for the three months ended September 30, compared to $38 million in Q2, even after accounting for IPO-related expenses in the previous period. Revenue climbed 28% annually.

However, those headline gains masked a slower sequential uptick: net contribution rose just 2.4% quarter-over-quarter to $215 million, and new funded accounts increased by 2.8% to 3.73 million. Assets under administration surged to $20.8 billion, but October saw a slight dip to $20.5 billion—indicating volatility or withdrawals.

Shareholders responded positively to the results, with eToro’s stock jumping 9% after the announcement. The company also revealed a $150 million share buyback program, indicating confidence in its valuation and positioning for potential mergers or deals.

Overnight Trading Means
Higher Volatility

Trading
outside standard hours can bring greater price volatility and wider spreads due
to thinner liquidity, eToro cautioned in both recent announcements. The company
noted that stop loss and take profit orders may be triggered unexpectedly
during nighttime sessions, and encourages clients to review positions and
investment plans ahead of the transition.

The World Federation of Exchanges (WFE) also recently highlighted the potential dangers of extended trading, stating that 24/7 trading is “not inevitable nor universally desirable.” It further warns against “mimicked stock tokens” and notes that extended investing will not be suitable for every market.

This article was written by Damian Chmiel at www.financemagnates.com.

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