Founded in 2006, eToro review for UK traders is an award-winning social trading and investment platform that’s accessible from your mobile devices and desktop computers. It’s most popular among younger, inexperienced investors thanks to its easy-to-use platforms and educational programs that are geared toward those just starting out. Its flagship CopyTrader and Popular Investor Program allow you to follow trades of successful traders and earn rewards if your copied trades match their success. You can also sync your custom watchlists between the eToro website and app, so you can keep track of your portfolio regardless of how you access the site.
eToro Review for UK Traders: Is It the Right Platform for You?
EToro offers a wide variety of assets, with the ability to trade stocks and ETFs commission-free (in GBP) in the UK. Cryptocurrencies, commodities, indices and forex are available as well. The company also gives investments an ESG score, which is good for those concerned about the environmental impact of their investments.
eToro is regulated by the Financial Conduct Authority and is covered by the Financial Services Compensation Scheme, so your money is safe with this broker. However, there are some fees that you should be aware of, such as currency conversion and inactivity charges and overnight and weekend fees for CFD positions. You’ll also want to make sure that you’re comfortable with the minimum deposit and verification requirements, which vary by region but start at $50 in the UK. You can also sign up with a demo account to test the waters before you deposit any real money.