The first rule of choosing a forex broker in the UK is understanding the critical trading features. In the table below, we've provided some key eToro UK features for your convenience.

Account currency:

USD
Minimum deposit:

$10
Leverage:

30:1
Spread:

From 0.1 pips
Instruments:

Currencies, assets of stock and commodity markets, cryptocurrencies
Margin Call / Stop Out:

n/a

eToro U.K. Pros and Cons

Every broker in the UK has its own set of pros and cons. When choosing a broker, it's crucial to weigh the pros and cons to see if the broker is a good fit for your trading style and needs.

👍 Pros:

• A regulated broker by independent authorities

• No commission on stock and ETF trading

• Features for social trading that make passive investing possible

• Allows investment in the US stock market

• Has a mobile trading platform

👎 Cons:

• eToro does not offer MetaTrader platforms.

• Has withdrawal fees

eToro UK Review

eToro has over 20 million clients in more than 140 countries. These figures are a testament to eToro's popularity and its status as a leading broker in the online trading industry.

eToro offers over 3,000 assets to trade, including currencies, commodities, indices, ETFs, and stocks. eToro also offers many cryptos, including Bitcoin, Ethereum, Litecoin, and more. Let's take a closer look at eToro's main features and offerings.

Stocks

With eToro, you can trade about 2,700 stocks from different exchanges. eToro offers stocks from the US, UK, Europe, Asia, and more. eToro also allows you to trade CFDs on stocks. However, CFDs are complex instruments with a high risk of losing money rapidly due to leverage.

eToro Stocks Trading Review

Crypto assets

eToro is one of the leading brokers in the crypto industry, offering a wide range of cryptos to trade. eToro offers 120 different cryptos, including Bitcoin, Ethereum, Litecoin, Stellar, Lumens and more. You'll get a secure crypto wallet that allows you to store your cryptos.

Smart Portfolios

If you're looking to diversify your investment portfolio, eToro's Smart Portfolios can help. With eToro's Smart Portfolios, you can invest in a basket of assets, including stocks, ETFs, and cryptos. eToro will automatically rebalance your portfolio to help you stay on track. You also get Copyportfolios, which allows you to replicate the investment strategies of eToro's top traders.

eToro Club

eToro Club is eToro's VIP program for members who make over £4,137.50 ($5,000) in profits. eToro Club members get exclusive benefits, including lower currency conversion and withdrawal fees, expert investment advice such as market news and live webinars, exclusive VIP events, premium analysis tools, and more.

Mobile Apps

Trading on the go is vital for many investors, and eToro offers mobile investing apps for Android and iOS devices. The app is user-friendly and has all the features of the eToro website, including the ability to trade stocks, cryptos, and more. You can also use eToro's mobile app to manage your account, track your investments, and more.

Social Investing Community

eToro is well-known for its social investing community. eToro's Copy Trading feature allows you to copy the investment strategies of eToro's top traders. With eToro's OpenBook, you can see what other investors are doing in real-time and interact with other members of the eToro community.

Demo Account

If you're new to eToro, you can try out the platform with a free demo account. With eToro's demo account, you'll get $100,000 in virtual money to practice trading. The demo account is a great way to learn about eToro's platform and try out different investment strategies.

eToro U.K. Minimum Deposit

The UK is one of the two countries eToro offers a deal of a $10 minimum deposit for new clients (the other being the US). This amount applies to the initial deposit as well as subsequent deposits to eToro UK.

NOTE! that eToro's base currency is USD, so when depositing in GBP, eToro will convert the amount to USD using the current market rate. Depending on your bank or payment provider, there may be a small fee for currency conversion.

eToro UK Leverage

Leverage is the ability to trade with more money than you have in your account. eToro offers leverage of up to x30 for retail clients for major forex pairs. eToro also offers leverage of up to x20 for other assets, including stocks, commodities, and more. For crypto assets, eToro offers leverage of x2.

Leverage can be a great way to increase your profits. However, it's important to note that leverage can also increase your losses. Therefore, it's important to use leverage responsibly and only trade with money you can afford to lose.

Is eToro UK Regulated? Is This Сompany Safe?

eToro is a regulated broker with licenses from CySEC, the FCA, and ASIC. eToro UK is registered with the Financial Conduct Authority (FCA). eToro accepts local clients in the UK and offers support in English.

eToro takes security seriously and employs multiple layers to protect its clients' funds. Although eToro Uk does not participate in the local investment insurance fund, eToro offers protection for retail clients by providing a segregated account structure that keeps client funds separate from eToro's funds. The funds are kept in a regulated bank and held in trust. This means that eToro's clients' funds are protected if eToro becomes insolvent.

If you're asking, "Is eToro safe?" the answer is yes. eToro is a regulated and reputable broker that offers a great way to invest your money.

eToro UK: Fees

Trading instruments have two prices: BID and ASK. The difference between these prices is called the spread. eToro bases its fees on the spread. It does not charge any commissions on trades. The spreads for major currencies start from 0.1 pips.

For crypto assets, a 1% fee is added to the spread.

It's good to point out that spreads are not fixed and may widen during volatile market conditions.

Non-trading Fees: eToro charges a $5 withdrawal fee. This is considered to be high when compared to other brokers. An inactivity fee of $10 is charged after one year of inactivity.

eToro Fees Review

Summary. Is eToro UK a Good Broker?

eToro is a good broker for UK investors. eToro offers a social investing community, demo account, low minimum deposit, and leverage up to x30. eToro is regulated by CySEC, the FCA, and ASIC. eToro UK is registered with the Financial Conduct Authority (FCA). eToro takes security seriously and offers some features to keep your account safe. If you're looking for a safe and reliable broker, eToro is a good choice.

FAQs

What makes eToro a safe broker for UK investors?

The eToro platform is authorized and regulated by the Financial Conduct Authority (FCA), meaning it meets strict standards regarding safeguarding customer funds. eToro also holds a license from the Cyprus Securities & Exchange Commission (CySEC). In addition, eToro has implemented several security measures to protect its clients' funds, including segregated client money accounts.

How does eToro make money?

eToro makes money in several ways, but the primary source of revenue is through the spread. The spread is the difference between an asset's buy and sell price. When you trade on eToro, you will pay a small fee to the platform for each trade you make.

How do I get started with eToro UK?

If you're looking to start trading with eToro UK, the first step is to open an account. You can do this by visiting the eToro website and clicking on the "Sign Up" button. Once you have completed the registration process, you can deposit funds into your account and start trading.

Why do I need an eToro demo account?

An eToro demo account is a great way to get started with the platform, as it will allow you to test out the features and functionality of eToro without risking any real money. You can use your demo account to practice trading, and once you're ready, you can switch to a live account and start investing for real.

Team that worked on the article

Andrey Mastykin

Author, Financial Expert at Traders Union

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.

He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.

Dr. BJ Johnson

Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.

Mirjan Hipolito

Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.

eToro Review UK 2024 - Is It a Good Broker for Trading?

eToro UK: General Information