Online broker eToro has added Israeli Shekel (ILS) to the list of trading instruments on its platform.
The Shekel is available to trade versus the USD, EUR, and GBP.
Israel’s Shekel (ILS) is the world’s 23rd most traded currency, according to the BIS, similar to the Turkish Lira (TRY) or Czech Koruna (CZK). The new Shekel was launched in 1985 and has been freely traded since 2003. The Shekel has a long-term history of stability and outperformance, benefitting from Israel’s current account surplus, huge FX reserves, the Bank of Israel’s long standing independence, and usually stable local politics.
The Bank of Israel has a history of actively intervening to manage this Shekel strength when necessary, given the country’s small, open, and trade dependent economy.
eToro has been regularly expanding its lineup of trading instruments. In March, the company added European Natural Gas to the list of commodity assets.
The broker has recently announced that non-leveraged Australian stocks (ASX-listed) will be traded as real. Previously, it was only possible to invest in these stocks as CFD positions.
