In this eToro UK review I’ve tested every part of this trading platform to find out why eToro has over 20 million users, and why it’s one of the best trading platforms in the world.
eToro boasts one of the largest social trading communities online, but is this the best trading platform for your unique requirements?
I hope to demystify some of the information surrounding eToro so you can make an informed decision as to whether eToro can help you along the path to trading success.
81% 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. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees
Minimum Deposit £50
The minimum deposit for UK investors at eToro is now only £50*
*Correct at time of publishing. Subject to change. Check website for details.
81% 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.
eToro is an Israeli Fintech startup that has been getting a lot of recognition as providing an excellent social trading broking site since its conception in 2007. Social trading on eToro allows you to observe the strategies of some of the more expert traders on the eToro trading platform in order to maximise your own results by copy trading or mirror trading.
Here in the UK, eToro is authorised and regulated by the Financial Conduct Authority, which guarantees you an element of safety. However, as eToro is a multi-asset trading platform that offers trading CFD assets, eToro can present a high risk option for traders who don’t have a thorough understanding of CFDs. However, eToro also offers 0% fees on stock trading which, for investors, makes it a trading platform to take seriously.
In this eToro Review
- eToro Ratings
- Our eToro review in 60 seconds
- Quick facts about eToro
- Who is eToro?
- eToro Product Range Overview
- How eToro’s Investment Options Compares to Other Brokers
- eToro CopyTrader Review
- eToro CopyPortfolio Review
- eToro Accounts vs Interactive Investor and Hargreaves Lansdown
- eToro ISA Review
- eToro SIPP Review
- eToro Demo Account
- eToro WebTrader
- eToro Platform Review
- eToro Research Service and Tools Review
- eToro Fees and Charges Review
- Guide to opening an eToro account
- eToro Deposit and Withdrawal Review
- eToro Customer Service Review
- Who is eToro Suitable For?
- Alternatives to eToro
- Useful Information
- eToro FAQs
- eToro Customer reviews
Deposit and withdrawal:
Markets and products:
- Free trading on stocks
- Very quick and easy to open an account
- Well designed web trading platform with social trading available
- Very limited education
- Conversion and withdrawal fees
- High Forex fees
Our eToro review in 60 seconds
eToro Review UK 2023 – Pros & Cons
Quick facts about eToro
- eToro is a social trading and investing platform that allows users to trade a variety of assets, including stocks, forex, commodities, and cryptocurrencies.
- eToro was founded in 2007 by brothers Yoni and Ronen Assia and David Ring.
- eToro has over 10 million registered users from over 140 countries.
- eToro offers a variety of features to its users, including social trading, copy trading, and leverage.
- eToro is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Markets in Financial Instruments Directive (MiFID).
- eToro offers a demo account to its users.
- eToro has a mobile app for both iOS and Android devices
Who is eToro?
eToro are a social trading, investment broker with an extensive selection of stocks, currencies, commodities, cryptocurrencies, EFTs and indices available through its innovative trading platform.
Who owns eToro?
eToro is a privately owned fintech company with Israeli, US and Chinese investors with a stake. The founder and CEO is Israeli born Yoni Assia, a visionary with a strong interest in finance and computer science.
In terms of licencing and regulation, eToro are licenced by the following:
- Financial Conduct Authority
- Cyprus Securities and Exchange Commission
- Markets in Financial Instruments Directive
- Australian Securities and Investments Commission
eToro Product Range Overview
It’s important to establish that the platform you choose is offering the products and services you require to maximise your investment potential. So in this endeavour, I have taken an indepth look at what’s on offer at eToro in this eToro review, and just as importantly, what’s not on offer. I’ve also taken a moment to compare their offering with that of two of the largest investment platforms in the United Kingdom, Interactive Investor and Hargreaves Lansdown so you can gain a direct comparison.
- Real stocks
This is a comprehensive offering of investments however, in this eToro review I have compared them to a competitor so you can see how this stands up in the marketplace.
Related – Guide to ETFs for UK Investors
How eToro’s Investment Options Compares to Other Brokers
|Investment Option||eToro||Interactive Investor||Hargreaves Lansdown|
From this table you can clearly see that eToro is standing out from the crowd for investors interested in trading Cryptocurrencies. Not only is eToro the cheapest place to trade in Cryptocurrencies, but eToro have launched their very own cryptocurrency wallet which allows users to buy, sell, convert, trade and pay for services using a wide range of cryptos including:(Please note: eToro users under FCA regulation cannot open CFD
crypto positions, only real assets available.)
- Bitcoin Cash
- Ethereum Classic
- Binance coin
The eToro crypto wallet app incorporates military level encryption and can be used to store over 120 cryptocurrencies, reflecting the surge in popularity for crypto trading in recent years,
On a negative note, with eToro you will be sacrificing the ability to trade in options, bonds, investment trusts and funds.
What really sets eToro apart is their innovative features that change the way you trade which we will look at in more detail next.
eToro CopyTrader Review
Just as the name suggests, CopyTrader allows you to copy the portfolio of more experienced or successful eToro users by browsing through profiles and selecting traders based on their previous performance, both on an annual level and monthly level.
Just to make your selections a bit easier, eToro also assigns each trader with a ‘risk score’ as well as providing information on the number of trades per week, average holding time, charted performance, and news feed comments. This is enough information to give you a real insight and you have the ability to copy up to 100 eToro users at the same time.
Whilst conducting our eToro review we found one of the great advantages of CopyTrader is that you can start copying other traders with no extra charge as there are no management fees. However, the minimum amount you can start trading with at eToro is £50.
eToro CopyPortfolio Review
CopyPortfolio allows you to invest in two main types of portfolio, Top Trader Portfolios which simply put, allows you to invest in a portfolio consisting of the eToro users who are achieving the best returns, and Market Portfolios which allow you to pick a market or theme of CFD stocks, commodities or EFTs.
Bearing in mind that trading on CFDs comes with a high risk of losing your money,it’s good news that eToro makes it easy to spot the proportion of CFDs in any specific portfolio. In addition to this, asset distribution, performance and investment strategy are all readily available to help you make the best possible decisions and we particularly like it that eToro will check whether you understand that CFDs are complex instruments and come with a high risk.
eToro Accounts vs Interactive Investor and Hargreaves Lansdown
|Account Type||eToro||Interactive Investor||Hargreaves Lansdown|
|Stocks and Shares ISA||No||Yes||Yes|
|Junior Stocks and Shares ISA||No||Yes||Yes|
eToro ISA Review
I was disappointed whilst conducting this eToro review to learn that eToro had chosen not to offer an ISA account, thus removing the ability to trade in a tax efficient way within the UK. However, that’s not to say this won’t be rectified in the future and I will certainly be watching this space.
eToro SIPP Review
The lack of a SIPP account at eToro seems like another big void in their online offering. Giving investors the option to transfer in and invest their pension pots using eToro’s great range of investment options would certainly be a welcome addition.
The account offering at eToro is very basic with just one investment account. This really lets down their offering as an investment platform.
eToro Demo Account
The eToro demo account gives investors the opportunity to trade with $100,000 of demo money before risking any of their own funds on the main trading account. Given the general lack of education on the platform, this is a handy tool to help get to grips with all the products and features of the platform.
eToro’s WebTrader platform is now in version 2.0, and allows users to directly manage stock market trades, and forex trading from the central platform using the portfolio section.
Users can trade personally by entering orders directly, manage and monitor their personal positions in the market and manage and monitor other traders’ transactions by using the Copy Trading function.
eToro Platform Review
eToro has designed a really clean, modern looking trading platform that is easy to navigate and highly functional. This is available both for web and mobile although they have yet to offer a desktop version to the market.
The eToro mobile app is most certainly an impressive offering to the market. Clean, easy to use, modern, and with a wealth of functionality, we enjoyed using it during our eToro review and it makes for a seamless trading experience whilst on the move. That being said, eToro have only scored 3.4 out of 5 on the app store with a lot of the reviews complaining about mobile app crashes.
In terms of security, eToro have installed an optional two-step login system which whilst it might make it slightly more fiddly to log in, it does provide you with an extra level of security.
Searching, placing orders, and alerts and notifications are all really straightforward and easy to use at eToro and provide investors with a great level of functionality. On the eToro mobile version you can even set a push notification when an asset reaches a certain price point or when your order has been fulfilled.
eToro has a really decent charting offering on the eToro trading platform, giving investors the option to change chart types, chart intervals and overlays, and the ability to compare six different charts at once with their eToro ProCharts functionality. You also have easy access to your eToro account balance.
eToro Research Service and Tools Review
For investors looking for a decent level of technical analysis, eToro won’t disappoint. Unfortunately they only offer recommendations on a limited number of stocks, however, for the ones that do have recommendations, there is a wealth of information available such as average price targets and analyst reports.
Whilst the research offered at eToro was good, it didn’t quite match up to providers like Interactive Investor or Hargreaves Lansdown, mostly due to the limited fundamental data on offer and insufficient research reports. As well as this, eToro has failed to provide investors with financial markets news or stock screeners unlike most of their competition, which feels like a bit of an oversight.
However, eToro makes up for a lot of this with their social trading network. This works like a social feed, where other investors will offer their thoughts on stocks, often with supporting data to help you with your decisions. This social aspect of trading is not widely available and is a great little feature.
In terms of education, eToro has missed the mark. Their only offering are some hour long videos in their trading school, which whilst these do provide useful information regarding trading, financial markets, placing trades and managing goals, they make it difficult for investors to find answers to specific questions without sitting through hours of webinars.
eToro Fees and Charges Review
Whilst eToro are quick to promote their zero commission stock trading fees, there are currency conversion fees, withdrawal fees, CFD fees and inactivity fees which investors need to be aware of.
When I compared eToro to similar trading platforms I found their CFD fees to be roughly in the same range so nothing out of the ordinary there. However, it is worth noting that when trading eToro Forex, the fees are high compared to their main competitors which is worth taking into consideration if you plan to trade on Forex.
As eToro only trades in USD, conversion fees are applicable when you deposit or withdraw money in any other currency. These vary according to the currency and how your money is deposited but range between 50 pips to 250 pips per conversion.
For withdrawals, eToro charges a flat fee of $5 with a minimum withdrawal amount of $30. There is also an inactivity fee of $10 per month once your account has laid dormant for 12 months. As a comparison, Plus500 don’t charge for withdrawals and whilst they do have an inactivity fee, this is not on a monthly basis.
|Minimum DepositThe minimum amount required to open an account|
|Minimum TradeThe minimum amount to trade or buy shares|
|ETFs FeeFee per ETF trade|
|Investment Trusts FeeFee per investment trust trade|
|Junior S&S ISA FeeSubscription fee per month and the platform fee|
|Non Trading FeeFee for not trading in a period|
$10 pcm after 1 year inactivity
|Stocks & Shares ISA FeeSubscription fee per month and the platform fee|
|Telephone Dealing FeeFee for trading over the telephone|
|Withdrawal FeeFee for withdrawing funds from your account|
Guide to opening an eToro account
There is nothing bad to say about opening an account at eToro. If you are looking for a seamless, fully digital experience that takes moments, then you will find it at eToro.
There are two main types of account on offer, their eToro Live Account where you can start trading and their eToro Virtual Account which gives you the option of experiencing the eToro trading platform with play money.
To open your eToro account you simply need to register your email address or Facebook / Google+ account and you will have immediate access to the eToro trading platform. There is a minimum deposit of £10 to start trading and the minimum amount for a bank transfer is $500.
Of course, in order to fund your eToro account you will need to verify your identity which is not unusual and can be done quickly by uploading a couple of supporting documents.
eToro Deposit and Withdrawal Review
eToro have certainly supplied customers with masses of options when it comes to depositing money including:
- Visa Credit Card
- Wire transfer
It is important that UK investors understand that eToro only operates in USD which means any deposits will be converted and charged the relevant conversion fee. This fee will also be applicable upon withdrawal back to GBP.
eToro bank transfers tend to take 4-7 business days to appear in your eToro account.
When it comes to withdrawals, eToro does levy a $5 withdrawal fee which is fairly substantial when compared to other brokers. However, by bank transfer the whole process only takes around 2 business days and is very easy to complete on the website.
eToro Customer Service Review
Whilst not outstanding, we did find the customer service offering at eToro to be satisfactory with several channels of communication including a live chat function and a web based ticketing system. The eToro customer service reps are polite and knowledgeable and during our eToro review, our queries were answered in a timely fashion. However, unlike some platforms, there is no customer service on offer outside of normal office hours.
Who is eToro Suitable For?
eToro is a fantastic offering for retail traders who are interested in social trading and copy trading. It is also an ideal trading platform for very experienced traders as eToro offers rewards for successful traders who share their knowledge.
Investors should be aware that 65% of retail investor accounts lose money when trading CFDs with this provider.
This is because CFDs are complex instruments that come with a high level of risk and before engaging with this provider you should consider whether you understand how CFDs work and whether you can afford to take the high risk investment strategy that comes with them.
Is eToro good for beginners?
I felt that eToro would be a suitable choice for beginners for a number of reasons. Firstly the web platform is easy to use, and very clear and quick to navigate and the same can be said for the mobile platform. In terms of fees it is highly competitive, although you do need to be aware of some of the non trading fees which can be a little steep. The account opening process is very quick and beginners can get started with a low minimum deposit.
The other aspect that makes this an appealing platform for beginners is the demo account. This gives traders an opportunity to practice their trading skills without risking any funds.
Alternatives to eToro
If you’re looking for alternatives to eToro, I’ve compared them to some of their major competitors including:
- eToro vs Freetrade
- eToro vs Trading212
- Interactive Investor vs eToro
- Hargreaves Lansdown vs eToro
- InvestEngine vs eToro
Here I have outlined some useful information to make your experience at eToro as seamless as possible.
How do I contact eToro?
eToro customer support can be contacted with their online ticketing system available on their webpages, or via live chat and email.
However, existing customers can make use of the eToro customer support web chat facility that can be found on your account.
How do I withdraw my money from eToro?
Withdrawing your money from eToro is quick and easy. Simply select ‘Withdraw Funds’ from the tab in the left hand menu and enter the amount you wish to withdraw. You will then be asked to complete an electronic withdrawal request form.
How do I close my account at eToro?
Closing your account with eToro is fairly painless and can be done by clicking the ‘Withdraw Funds’ tab in the left hand menu of your Account Settings page.
Is eToro any good?
Yes I think eToro is very and good, and they are a market leader when it comes to social trading and there is no denying that they offer a great service when it comes to opening your account and trading features. However, the eToro Forex fees are high when compared to similar platforms and the withdrawal fees are generally an unpopular addition.
How safe is eToro?
UK eToro customers are protected by the FCA and therefore entitled to up to £85,000 should eToro become insolvent at any time. eToro are also authorised and regulated by the Financial Conduct Authority which is a great sign of its safety, however, as eToro is still considered a startup, it is not listed on any stock exchange and there are no financial statements available from which to check its financial health.
Can I use eToro in the UK?
Yes, at the time of this eToro review, eToro is available in the UK, however all trades are carried out in USD so you will have to pay a currency conversion fee.
Does eToro have an ISA?
No, eToro does not have an ISA, so if you are already beyond your personal allowance, you can expect to incur a tax on any earnings you make while using eToro. If this is an issue then there are plenty of alternative platforms that can offer zero commission trading within the safety of an ISA.
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. 79% 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.
eToro Customer reviews
Rated 4.3 out of 5
Rated 3.6 out of 5
Rated 4.1 out of 5
Rated 4.1 out of 5
Deposit and withdrawal
Rated 3.6 out of 5
Most recent reviews:
Great stuff but I could hardly get a hold of the customer service, but I was surprised how quickly I saw my money on the account and could start trading, that really helped me!
- Account opening
- Deposit and withdrawal
- Customer service
They gave me a good welcome offer when I joined. I am with them for many years and they are well established. Withdrawal is quick and they also have a great referral Offer I used many times to make some extra cash via reddit.
I’ve been using etoro for years now and it was out of all my other investing apps the easiest to set up and get started, the live chat support is a huge help too as if you have any issues they can help you out straight away. One of the best features that I like about it is following other people’s trades so it can become very simple
- Account opening
- Deposit and withdrawal
- Customer service
Add your review:
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EToro Review UK 2023 - The Best Social Trading Platform? ›
eToro is excellent for social copy trading and cryptocurrency trading and was our top pick for both categories for our 2023 Annual Awards. Fantastic for ease of use thanks to its user-friendly web platform and the eToro mobile app that is great for casual and beginner investors.What platform is better than eToro? ›
Binance is the no. 1 global crypto-currency exchange situated all over the world. Categories in common with eToro: Cryptocurrency Exchanges.Is eToro a social trading platform? ›
eToro Brings the Promise of Social Trading to The World. eToro is the world's leading social trading network. Powered by millions of users from over 140 countries, eToro has been able to refine their knowledge and experience into practical trading tools.What is the downside to eToro? ›
If the trade goes wrong, you can end up owing money as well as losing your initial investment because contracts involve borrowing capital – 81% of retail investor accounts lose money when trading CFDs with eToro.Do professional traders use eToro? ›
Today, eToro supports 40+ cryptocurrencies on its popular online trading platform, provides an enterprise-grade crypto exchange for professional traders, and offers a multicurrency crypto wallet.What is similar to eToro UK? ›
Trading 212 is easily eToro's closest alternative. It's very similar to eToro, as it covers off most of the same stock exchanges and lets you trade them commission free. With Trading 212, you're able to use your individual savings account (ISA) allowance.Should I use Coinbase or eToro? ›
Generally speaking, users will find the widest selection of crypto options at Coinbase, but trading and transaction fees can be higher. EToro stands out for users who want guidance about their investments through the company's social investing feature, which offers the ability to copy trades made by other investors.Can US citizens use eToro? ›
eToro US. Any US resident may register and open an eToro account for free. If your state is not yet supported, sign up and get to know eToro using your virtual portfolio.Can US users use eToro? ›
Limited service: EToro currently offers its crypto service in 46 U.S. states and Washington, D.C. While all U.S. residents can sign up for a free eToro account for virtual trading, eToro is currently unavailable for actual cryptocurrency trading for residents in Hawaii, Minnesota, Nevada and New York.How does eToro social trading work? ›
Social investing is an innovative way of trading and investing that combines the financial markets with social features. With eToro, you can discuss markets with other investors, learn from experienced traders while copying them, and share your wisdom.
What is the best trading platform for beginners UK? ›
- EasyEquities - Low trading fees and non-trading fees. ...
- TradeZero - Real stocks and ETFs are commission-free. ...
- DEGIRO - One of the lowest fees on the market. ...
- Interactive Investor - User-friendly trading platforms. ...
- Vanguard - Stocks and ETFs are free to trade.
- eToro - 0% Commission on real stocks; 3,000+ Instruments. ...
- FinecoBank - Commission-free trading; 20,000+ Instruments. ...
- XTB - Commission-free stock CFD trading; 5,600+ Instruments. ...
- Freetrade - Low cost; Commission-free trading; 6,500+ Instruments.
An investor's risk is represented by a number between 1 (low risk) and 10 (high risk) on their user page. This is their Risk Score. This is commonly done by measuring the standard deviation of an investment's value.Can you make a living trading on eToro? ›
No trader on eToro will make a profit every single week or month. So I highly recommend you take a medium/long-term approach. This requires patience and discipline, but you're more likely to see better gains over time.Do I actually own stocks on eToro? ›
When you buy an asset with eToro in the US, you own it. We purchase and hold the underlying assets in your name, through APEX Clearing Corporation. This applies to fractional shares, too.Who is eToro main competitor? ›
eToro's top competitors include Robinhood, Coinbase, and Shares. Robinhood (NASDAQ: HOOD) provides stock trading and investing application. The company allows customers to buy and sell stocks, options, exchange-traded funds (ETFs), a… Coinbase (NASDAQ: COIN) provides a bitcoin wallet and digital currency platform.Is my money safe with eToro UK? ›
Yes. eToro operates in accordance with FCA, CySEC and ASIC regulations, meaning that there are measures in place to protect investors. On eToro, our clients' funds are kept secure in top-tier banks and all of their personal information is guarded under SSL encryption.Where is eToro UK based? ›
|Fee Type||Fee charged|
|Currency conversion fee||0.5% for UK users|
|Overnight fee||Dependent on the asset held|
|Weekend fee||Dependent on the asset held|
eToro offers free stock, ETF and options trading, while forex and CFD fees are low. On the negative side, non-trading fees are high, including a $5 withdrawal fee. Are you looking for the best brokers where you can trade the assets that most align with your plans?
Why is eToro so good? ›
Low Fees and Commission
There are no spreads, no fees and no hidden charges, and you actually gain rights in the underlying asset. eToro offers competitive spreads on other asset classes, including spreads as low as 1 pip for leading Forex pairs.
Good news: eToro USA LLC does not charge any fees on withdrawals. That said, your bank may charge a fee to receive funds depending on your payment method. For those details, please check with your bank.Will eToro report to IRS? ›
Whenever a user receives a Form 1099 from eToro, the IRS gets an identical copy of the form as well. So, yes, eToro reports to the IRS. Moreover, as a part of the Common Reporting Standard (CRS), eToro must report to tax authorities.How many US users does eToro have? ›
Number of registered users of eToro from 2008 to 1st quarter 2022 (in millions)
|Characteristic||Registered users in millions|
Do you pay tax on eToro? Yes, you are required to calculate and pay any applicable taxes according to your country's crypto tax rules. If you have made any capital gains or income as a result of your crypto investment activities on eToro, you'll need to report these to your tax office and pay taxes on them.How do I open an eToro account in USA? ›
On the www.eToro.com page, find and click on the button marked “Join Now” or “Trade Now”. On the following web page, you will see an electronic form where you will be able to enter all the personal data that is required to open a new trading account.Why does eToro need my Social Security number? ›
To comply with regulations, we collect specific information to verify users' identity including social society number. Rest assured, we always keep your personal information secure and private.What is the minimum deposit for eToro USA? ›
What is the minimum deposit amount on eToro?
|Users residing in:||Minimum first deposit:|
|All other eligible countries||US $200|
|Cayman Islands, French Polynesia, Gibraltar, Isle Of Man, Jersey Island, Kuwait, New Zealand, Reunion Island||US $1,000|
Social trading is way to invest where you can copy other people's investment strategies. Even though it will save you from investing too much time in finding good trading opportunities or strategies, it isn't something that most advisors would recommend because what you copy may not fit your needs.Can you make money with social trading? ›
If the trader is successful, you get your share of their profits. So, you can say that the trader does all the heavy lifting like reading financial news, doing market analysis, and following trading signals, while you profit from their effective trading.
Is social trading worth it? ›
Is social trading profitable? Social trading can be profitable, but you need to know which trader to follow. In fact, although there are many experienced traders in social trading platforms, there are also many beginners or improvised traders who are followed by a good number of people.What is the most popular trade in the UK? ›
Builders had the highest annual turnover among UK tradespeople in 2022 at £115,550, up 12 per cent on 2021 (£101,727). After builders, the top earning trades in terms of turnover earned in 2022 were groundworkers, glaziers, dryliners, and plumbers.What is the largest investment platform in the UK? ›
Best Traditional Investment Platform: Hargreaves Lansdown
With over 1.7 million clients and £123 billion invested for clients, Hargreaves Lansdown is the largest UK platform.
- SharePad (Best overall Level 2 trading platform)
- ShareScope (Best Level 2 trading platform for professional traders)
- IG L2 Dealer (Best Level 2 trading platform for cheap live prices)
- London South East.
The easiest and cheapest way to buy shares is by using an investment platform. Once you are signed up, you simply have to select the shares you want to buy and home many of them. An investment platform lets you buy, sell and monitor your investments in one place.How to trade US stocks from UK? ›
- Open a share dealing account.
- Complete a W-8BEN form.
- Understand the charges to buy US shares.
- Choose the US shares you want to buy.
- Buy US shares.
Freetrade. The UK equivalent to Robinhood, Freetrade lets you invest in more than 6,000 stocks (from the US, the UK, German, Finland and the Netherlands) and ETFs for free. Offers an ISA.Which is better Robinhood or eToro? ›
Overall, eToro slightly edges out Robinhood because it offers more tools and research, and offers investors a trial run with a free Virtual Portfolio demo account.Who is the most successful trader on eToro? ›
The best trader on eToro to copy is Jeppe Kirk Bonde. Over 22,000 eToro accounts copy Jeppe's trades directly into their own accounts. Jeppe is also consistently at the top of eToro's best investor list and has a proven track record of profit and stability.What is most traded in eToro? ›
|2020 Position||Stock||Percentage increase in trading volume year on year|
What is the average profit on eToro? ›
The average yearly profit of our 50 most copied Popular Investors for 2020 was 83.7%, far above that experienced by some of the world's largest indices, such as the S&P 500 and the FTSE 100.Is eToro good for beginner investors? ›
Is eToro good for beginners? Yes, eToro is a great choice for beginners. Its trading platform is easy to learn and not overly complex. eToro does an excellent job of balancing useful tools and features in a web platform and mobile trading app that is user-friendly.How many trades can you make in a day on eToro? ›
Known as pattern day trading (PDT), the rule stipulates that an investor may not day trade (buy and sell the same security in the same day) more than 3 times in any rolling 5 market days. This rule only applies to securities transactions.Can I trust eToro? ›
eToro is regulated by tier-1 financial regulators, including FCA, ASIC, CySEC, and FinCen. Clients' funds are kept secure at trusted banks, and their personal information is protected under an SSL certificate. You should always look for security signs when trading through your browser.What happens to my profit in eToro? ›
You can set your Take Profit according to a specific rate in the market, or as a monetary amount. The maximum Take Profit on most trades is 1,000% of your invested amount +/- 1,000% of your current P&L. This means that you will be able to update your Take Profit level continually as your profits increase.Which is best Coinbase or eToro? ›
With more than 200 cryptocurrencies to choose from, Coinbase offers a wider selection of tradable crypto assets. eToro's lineup is decent, with more than 30 cryptos available, including popular coins like Bitcoin, Ethereum, and Cardano.Which is better Kraken or eToro? ›
Kraken uses a maker/taker fee schedule incentivized by lower fees for higher volume trades. eToro keeps the fee structure simple for users with a standard fee of 1% for buying or selling crypto. This is not only easier for the user, but it's also a much better price than Kraken's 3.75%.Which platform is better to trade? ›
|Trading Platform||Rank||Trading Platform Ratings|
Zerodha has more than one crore active clients contributing almost 15% of all Indian retail trading volumes. This app is recommended for beginners as well as advanced traders and investors owing to its robust technology platform. Zerodha Kite is an in-house flagship mobile trading software app of the company.Why is eToro so popular? ›
Innovative platform: EToro made its name through its social investing platform, an innovative tool that allows users to copy the trades of other investors. Established internationally: Founded in 2007, eToro has more than 25 million users in 140 countries worldwide — and the U.S. is now on that list.
Which is better Binance or eToro? ›
The biggest difference between the two is that eToro is a cryptocurrency broker. It sells crypto alongside other investment products such as stocks, fractional shares, and ETFs. Binance is a cryptocurrency exchange, which means it sells a wide range of digital assets, including cryptos and NFTs, and other services.Is eToro a cold wallet? ›
Cryptos in the eToro Money crypto wallet are stored on the blockchain (hot storage). Cryptos on the eToro trading platform are held mostly in cold storage.What is the number one trading platform in the world? ›
For the fourth consecutive year, TD Ameritrade scored as the best trading platform (it tied with Fidelity and Charles Schwab in 2019). Its robust Thinkorswim platform, acquired in 2009, often gets credit for its tools and versatility.What is the easiest platform to trade stocks? ›
- TD Ameritrade — Best Online Broker for Beginners.
- Fidelity Investments — Runner Up, Best Online Broker for Beginners.
- Charles Schwab — Best Online Broker for Customer Service.
- Fidelity — Runner Up, Best Online Broker for Customer Service.
- TD Ameritrade — Best Online Broker for Educational Resources.
eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFD assets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider.What is the most profitable trading system? ›
“Profit Parabolic” trading strategy based on a Moving Average. The strategy is referred to as a universal one, and it is often recommended as the best Forex strategy for consistent profits. It employs the standard MT4 indicators, EMAs (exponential moving averages), and Parabolic SAR that serves as a confirmation tool.Which trading is most profitable? ›
Short-sell trading: Here, traders simply believe that the market is bearish and act accordingly. You borrow shares from a broker and sell them in the open market. You wait until the price falls enough for you to buy the stocks back at a lower rate. The difference acquired by this process is the profit.