eToro Group Ltd. announced a new initiative to pay interest on uninvested cash held in trading accounts, offering investors up to 4.3% annually on US dollar balances. This move aims to provide additional value to its users.
The interest rate will be credited to user accounts on a monthly basis. Importantly, these funds will remain unrestricted, allowing users to withdraw them or utilize them for new trades at any time without penalty.
This offering enhances the attractiveness of the eToro platform by providing a return on idle capital, potentially encouraging users to maintain higher cash balances and further engage with the platform's investment opportunities.
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