Does eToro automatically reinvest dividends?

Asked 3 years ago

Dear community! I am new to eToro, and so far, I'm loving every minute of it. But, I have a question: I want to buy in on the S&P 500 Index. If I do, would eToro automatically re-invest the compound interest? Or do I have to do it manually? Again, I’m a total newbie so I would appreciate all wisdom shared.

Etoro Accounts with interest gain Reinvesting Automatic dividend reinvestment

Andrew Moran

Wednesday, August 04, 2021

No, eToro does not automatically reinvest dividends.
Instead, the trading platform will automatically credit or debit with a dividend payment in your balance if you hold a position in a stock, exchange-traded fund (ETF), or index that offers investors a dividend.
As a result, you will need to reinvest the dividends manually.