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eToro Review UK

Here, we take a detailed look at the enduringly popular eToro platform. With over 20 million users currently signed up for its services, what makes it so appealing to its clients and are there any pitfalls?
Details on what can be traded, how it’s regulated, and how much it will cost you to use.
How it works in practice.
What we like and dislike about its features.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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Fees Explained
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eToro Pros & Cons

eToro is a “social trading platform” similar to any other social media platform but targeted towards investors. Before we get into the details, let’s take a look at the platform’s advantages and disadvantages.
PROS
An extremely user-friendly platform that provides a simple yet pleasant online trading experience.
Trade in exchange-traded funds (ETFs), Forex, indices, stocks, and even cryptocurrencies.
Allows for the trading of various assets with tight spreads.
Revolutionary copy-trade feature.
Various deposit options, such as bank accounts, debit and credit cards, e-wallets, and even PayPal.
Regulated by CySEC, FCA, and ASIC.
CONS
It may not be the ideal option for experienced traders who want to do extensive research and technical analysis.
1 reviews etoro

Trade with confidence on
the world's leading social
trading platform

Join millions who've already discovered smarter investing in multiple types of assets. Choose an investment product to start with.
Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.

Overview

If you’re searching for an online trading platform, there’s really nowhere better than eToro. This platform caters to various traders and offers almost every feature imaginable. Over 20 million people are already using the site, which means that it ranks highly in the online trading industry.

You can trade practically any assets under one roof with this platform, making it a very attractive option. Moreover, low account minimums, and many accepted deposit options, which are all great features.

However, eToro’s true game-changer is its social trading aspect. The platform introduces a ground-breaking new concept by creating a social media platform for trading that allows users to post, reply to threads, and even “Like” comments. The copy trade feature also allows customers to replicate the same trades of some of the platform’s most successful traders in history.

After reviewing the trading platform, eToro receives a resounding thumbs up from us, and we strongly advise you to join the platform if you’re interested in diving deeper into the online trading world.

What is eToro?

The sky’s the limit when it comes to trading. You may begin by trading stocks in some of the most famous trading indices, like as NASDAQ, NYSE, and 15 other international markets around the world.
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78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

What is eToro?
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What Can You Trade and Invest in on eToro?

With eToro, you may trade ETFs, foreign exchange (FX), and commodities like gold, silver, gas and oil. eToro likewise allows you to trade cryptocurrencies, such as Ethereum and Bitcoin.
eToro Stocks Review
Investing in stocks on eToro is simple. eToro's platform is easy to navigate through and you won’t be charged any commission. There’s also a low threshold for the minimum deposit.
eToro Fractional Ownership
The situation is similar with fractional shares: you can invest on eToro for as little as £37, to purchase a proportion of a share with a price per unit of £740.
Stock CFDs
A contract for difference (CFD) allows traders to wager on the future market changes of an underlying asset without having possession or taking actual delivery of it.
eToro Cryptocurrency review
The platform is particularly well-suited for people with a modest grasp of forex and cryptocurrency trading. The unpopular withdrawal fee of $5 was eliminated in the USA, but there is still a charge for customers in other countries.

Beginners in Cryptocurrency who favour hands-on learning will find themselves at ease on eToro. The site has a lively user base, with news feeds and other social features dedicated to specific cryptocurrencies. Discussing your plans with others and exploring the social media feeds are a great way to get started with Cryptocurrency.
Buy Cryptocurrency on eToro
Trading platforms like eToro make it simple to acquire Bitcoin in a matter of seconds and place an order just as you would with an online broker.
eToro Wallet
eToro X Limited, which offers the eToro Wallet, is a limited liability company registered in Gibraltar with company number 116348 and its headquarters at 57/63 Line Wall Road, Gibraltar.
Cryptocurrency Trading
Trading in cryptocurrency involves account or purchasing and selling the underlying coins through an exchange.
eToro Forex review
eToro is considered a secure broker (i.e., it is low-risk) for Forex and CFDs because it is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction. It was founded in 2007, so is a well-established platform.
eToro ETFs
You could consider investing in Exchange Traded Funds (ETF). On eToro, you can track graphs, analyse, trade, and invest with the world's largest social trading network.
eToro Commodities
Cotton, wood, platinum, gold, wheat, pork bellies, cattle, oil, orange juice, and sugar are all examples of commodities available to trade on eToro.
eToro Indices
Indices are a measurement of the stock market's overall performance and can also be used to measure the performance of an individual investor.

Why stop at 0% commission?

The advantages of buying shares on eToro do not end with unbeatable pricing:
No limit on trading volume
Ability to buy fractional shares
Receive notifications on volatility and market events
Free access to TipRanks expert stock analysis
Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
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Trade Analysis

The secret to any successful trade is the way a trader performs their analysis and how in-depth it is. With that in mind, it is not surprising that eToro offers real-time pricing charts for all supported markets.

The platform offers greater insights into major stocks, allowing users to do fundamental research for their due diligence. The variables include significant indicators, such as market sentiment and other factors. You’ll also discover whether analysts think the stock is a buy, sell, or hold, as well as price targets from prominent hedge funds around the world.
 
eToro is a great trading platform, but it’s important to understand that it’s primarily designed for novices. So, if you require state-of-the-art trading analysis, you’ll need to utilise the services of a third-party analysis platform.

But there’s good news: eToro makes up for it with its copy trade function, which allows users to replicate trades like-for-like from traders on the platforms who have had successful trades.

eToro User Experience

eToro User Experience
By all measures, the eToro user experience - both website and the app - is a breeze, especially when compared to other notoriously complicated rivals. This is because the platform was designed and continuously improved with beginners in mind.

The clear interface stands out as soon as you arrive on your dashboard, where you find the world’s most popular assets, such as Amazon, Facebook, and Apple shares, Gold, and the S&P 500 index.
By all measures, the eToro user experience - both website and the app - is a breeze, especially when compared to other notoriously complicated rivals. This is because the platform was designed and continuously improved with beginners in mind.
The clear interface stands out as soon as you arrive on your dashboard, where you find the world’s most popular assets, such as Amazon, Facebook, and Apple shares, Gold, and the S&P 500 index.

eToro Fees

This is a joy to write, and no matter what assets you trade or how many times you trade on eToro, you’ll be amazed at how little commission you pay! Yes, this is true for all assets, including cryptocurrencies.

The only time you’ll end up paying anything is when you withdraw your funds or make a non-US deposit, in which case you’ll be charged a 0.5% deposit fee. Withdrawals will cost $5 per transaction, regardless of the amount. Keep in mind that after 12 months of inactivity, you will be charged $10 per month, but this is standard for all platforms.

Fees Rating
Five Star
Minimum deposit
$50 (around £36)
Standard platform charge (monthly)
0%
Best platform charge (monthly)
0%
Standard fee per trade
Fees vary depending 
on which instrument
Best fee per trade
£0
Forex conversion fee
0.50%
Deposit fee
£0
Withdrawal fee
$5.00 (around £3.50)
Inactivity fee
$10.00 (around £7)

eToro Payment

With eToro, it’s really easy to deposit money into your account. eToro provides its users with a lot of options to add funds to their accounts. In other words, you can instantly deposit funds into your account using an e-wallet or a debit/credit card.

eToro also allows users to deposit and withdraw money through PayPal, which is one feature that you won’t find among other competitors. eToro distinguishes itself from the crowd by utilising PayPal as a payment option. The following are some of the supported payment types:
PayPal
MasterCard
Maestro
Visa
Visa Electron
Neteller
Skrill
International Bank Wire
Local Bank Transfer in selected countries
2 reviews etoro

Copy Trading: Trade like
eToro’s top traders

CopyTrader™, eToro’s most popular feature, allows you to view what real traders are doing in real time and copy their trading automatically
Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.

How to Start Trading
with eToro

There are a number of reasons why eToro is our top pick when it comes to trading platforms. 
 
Firstly, eToro is incredibly user-friendly, making it perfect for even beginner traders.  
 
Secondly, the platform offers a wide range of features, including a variety of trading tools and information.  
 
Finally, eToro is also one of the most popular trading platforms available, with over 20 million+ registered users worldwide and an active social network.  
 
If you’re ready to take the plunge, creating an account with eToro is very simple. Just follow these instructions and your first trade will be live in no time.
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78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Open an Account
To get started, go to the eToro website. The account opening procedure needs you to provide personal information, such as your name, date of birth, home address, national tax number, and contact information.


Confirm Identity
The next stage is to submit a government-approved ID, as required by KYC guidelines. This can be your current passport, driver’s license, or national ID card. Following this up comes a request to upload evidence of residence, such as an electricity bill or a bank statement.
Deposit Funds
Before you place your first order, you’ll need to put money into your account. This can be done using debit/credit cards, PayPal, and more. Keep in mind that bank transfers are accepted, but they take longer than other options.
Search for Asset
After you have deposited your funds in your account, you can begin looking for assets to buy or trade by using the search box at the top of the page.


Buy Asset
Place your first trade by filling out the order form. You may also enter your stake in the ‘Amount’ box and click on ‘Set Order’ to complete your order.


How to Sell on eToro
When you’re ready to cash out from your position, go to your portfolio’s asset and simply click the sell button. The funds are transferred into your eToro account after the position is closed - for further investment or withdrawal.

Frequently Asked Questions

Here are some of the most frequently asked questions about eToro addressed.
Is eToro a suitable platform for novice traders?
EToro is probably one of the best platforms for beginners, not least because it has an extremely friendly user-interface on both desktop and mobile versions. It features very low or no trading fees, low-cost transactions and low minimum deposits, so you can get started even with very little money at the outset. It’s quick and easy to open an account online, and the platform features a wealth of educational materials to help beginners get up to speed with the basics from the outset.
Is it safe to trade on eToro?
For your peace of mind, eToro is approved and regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investment Commission (ASIC). Clients’ funds are securely held in tier 1 banks, and the platform also uses institutional-grade security practices to ensure your private and personal information is held safely.
How much does eToro charge in fees?
One of eToro’s main advantages for users is that you will pay cryptocurrencies. You will only pay a 0.5% deposit fee on any non-US deposits and a flat fee of $5 for withdrawals, no matter what the amount. If your account lies unused for 12 months and over, you will be charged a $10 inactivity fee per month.
What qualifies Trading Platforms UK to offer information on trading platforms?
Our mission is to make it easy for anyone, regardless of their level of knowledge or their financial circumstances, to trade and invest with confidence. We’ve put together a team of experts from the world of global fintech with the right experience, knowledge and insight to analyse the many trading platforms out there and provide our site users with independent, unbiased views on the pros and cons of each one. We don’t pretend to tell you which platform you should use, but we do aim to empower you to make an informed decision.
Can you trade in cryptocurrencies on eToro?
Absolutely, eToro offers an extensive range of cryptos for trading, from Bitcoin to Ethereum and ADA. There is even a selection of top cryptocurrencies accessible if you want to make use of the ready-made CryptoPortfolio, so you can spread the inevitable risk that comes in trading crypto assets to minimise potential losses.

Get to know eToro,
risk-free

Every new account on eToro is credited with $100,000 in a virtual portfolio, so you can practice trading all of the financial markets that our platform offers in real time. Instantly switch between the demo and real trading whenever you like
Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
3 reviews etoro

Latest Trading News

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply. 

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.

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Trading Platforms UK offers countless trading features and tools to deliver a smooth and easy trading experience for new and veteran traders. Sign up today!
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Trading Platforms UK offers countless trading features and tools to deliver a smooth and easy trading experience for new and veteran traders. Sign up today!

2022 © Copyright Trading Platforms UK

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