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eToro has more than 20 million users and offers commission-free trading across thousands of assets. In our eToro review UK, we discuss the key features of the broker, including the proprietary platform, user experience, and account types. We’ll also cover the key metrics such as fees, financial instruments, commissions, payment options, regulations, and more. 

We did the whole eToro broker review, eToro wallet review, and eToro copy trading review.

What is eToro UK?

etoro review

eToro is an all-in-one online trading platform that centers on social trading features to benefit its users. First and foremost, the broker is regulated by the FCA and strictly follows the Markets in Financial Instruments Directive (MiFID), meaning the platform is secure and follows proper financial protocols. Thus, besides our eToro review UK, we did an eToro broker review as well.

First launched in 2007, eToro has been a pioneer in online trading after popularizing social trading and copy trading. Therefore, here is a thorough eToro copy trader review.
Being one of the first platforms to offer these features, you can see in this eToro review UK, they found a niche in which to attract new and veteran traders alike.

68% 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.

Additionally, users have the option of trading among thousands of stocks, cryptocurrencies, commodities, forex currency pairs, indices, and ETFs. Not only is there a wide range of markets available for investing in through eToro but users can trade any of them with absolutely zero commission. That’s why alongside the overall eToro review UK we also did a copy trading eToro review or eToro copy trading review and eToro broker review.

With so many different financial assets available for trading, eToro also makes sure to couple the trading experience with excellent educational resources and market analytics. Find out everything you need to know in our eToro review Trustpilot and let’s review eToro thoroughly.

Another highlight for eToro in this eToro UK review is the platform itself. Finding assets to trade is simple and the charts and tools provided are clear and sufficient. Furthermore, all accounts come with a demo trading account that starts with $100 thousand in virtual equity for anyone to learn how to trade or test out new trading strategies. These options are both available on the web platform and on the mobile app, so we also provided the whole eToro app review and eToro wallet review as well. More on that a bit later.

Because of the many different financial assets available and the option of being able to copy trade, like automated trading, there are so many trading strategies that can be performed through the platform, and we gave an example in this eToro UK review. For instance, those looking to trade short-term or intraday can do so as eToro offers live trading. Even users looking to hold their positions for longer-term gains can do so as well by investing in ETFs or copy traders with long-term strategies.

68% 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 Can You Invest in and Trade on eToro UK? 

Under its belt, eToro UK review has found out that it supports the trading of 2,689 shares, 13 indices, 32 commodities, 49 forex pairs, and 42 different cryptocurrencies. In this section of our review eToro, we go through how to invest in different assets in the platform.

It’s important to note that in this eToro UK review, we found out that eToro gives users the option of trading with leverage through CFDs or contracts for difference depending on the asset. This means that users can bet on the price difference of an asset and earn exponentially more than what they could have earned without leverage. This also means, however, that leveraged trades are riskier and can result in more loss of capital.

Invest in Forex

review etoro

Forex is the largest traded market to date with over $6 trillion worth of assets being exchanged every day. Of course, eToro UK review found out that eToro has some financial instruments in forex, namely its 49 forex pairs available for trading. These include major pairs such as EUR/USD and USD/JPY and minor pairs such as GBP/CAD and USD/TRY.

Leverage of up to 20:1 is available in forex trading for eToro standard accounts and commissions remain at zero. Those looking to trade forex should note the spread for eToro which starts at 1 pip for EUR/USD but usually increases with other pairs. 

Alternatively, there are copy traders and copy portfolios that dabble in currency pairs, so another option for those looking to invest in Forex is to find a copy trader with a suitable portfolio for you. All forex trading with eToro is through CFDs and incurs daily overnight and weekend fees.

Trade Stocks

etoro review uk

Aside from the NYSE and NASDAQ, eToro offers stock trading from 15 other international markets. Among them are markets from Frankfurt, London, Paris, Madrid, and Milan. Of course, you’ll only be able to trade in these markets during their respective market hours.

eToro allows for users to buy the underlying asset when trading stocks, meaning the trade actually involves users purchasing the asset involved unlike in CFDs where no actual asset is being traded. This means that for buying stocks unleveraged, users can hold that stock without any additional cost.

In this eToro UK review, we found that both leveraged and unleveraged trading is available for stocks in eToro, users can use different trading strategies when it comes to share trading. They may opt to buy stocks for the long term as well as buying for the short term and boost their intraday earnings through leverage. For other options, you may find success in eToro stocks reviews and guides, alongside the eToro review UK available on the platform and the eToro app review as well.

Invest in Indices

etoro copy trading review

When we did an eToro review UK, we established that there are 13 available indices to trade from, including SPX500, DJ30, and the China50. The maximum leverage that’s possible for these assets in a standard account is 10:1. Only CFD trading is available for indices, so users have the option of going long or short but must pay overnight fees for held positions.

Indices trading in eToro is filled with analytics and educational material. For example, review eToro mentions what to consider when investing in the China50, an index that tracks the top 50 companies in the country. The platform mentions what you need to know when trading the index such as what drives the price, current volatility, and demographics involved. However, the content is for educational purposes and should not be taken as investment advice.

As with other assets in eToro, users can also look for copy traders that invest in indices. Usually, indices are held long term but they can also be traded in the short term depending on the market and news. 

Trade Commodities CFDs

etoro uk review

According to our eToro trading review, there are 32 tradable commodities on eToro, traders looking to diversify their portfolios will have many different options to choose from. Copper, Aluminum, Gold, Oil, and Natural Gas are among the available commodities to choose from. 

All commodities trading on eToro is through CFDs with leverages of 2:1, 5:1, and 10:1. Additionally, all tradable commodities come with some technical analysis as well as educational resources. eToro review UK has provided an example: Natural Gas has an accessible profile that mentions its history, what drives prices, and a summary of the asset. The content is for educational purposes and should not be considered investment advice.

Our eToro copy trade review states that some copy traders invest portions of their portfolios in commodities in which users can invest in themselves. Make sure to check for reputable copy traders as there is still risk involved when using them. 

Trade Cryptocurrencies

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A lot of trading platforms have already incorporated cryptocurrencies into their systems and eToro is no different. In our eToro crypto review, we found there to be 42 cryptocurrencies on the platform such as Bitcoin, Ethereum, and Litecoin. 

In addition to having cryptocurrency trading, eToro also has a crypto wallet that allows for the storage of digital currency, that’s why we also provided an eToro wallet review. As stated on their site, the eToro crypto wallet is one of the safest crypto wallets available, with several high-level security features to protect against unauthorized access, including multi-signature facilities, DDoS protection, and standardization protocols. Find out more in their eToro wallet review.

There are currently no CFD options when trading cryptocurrencies, meaning all digital coins being traded can only be bought long and no options for shorting coins exist as of the moment. Despite this, there are hundreds if not thousands of copy traders who incorporate cryptocurrency trading in their portfolios. Some traders only invest in cryptocurrencies – so there are plenty of crypto trading strategies out there in copy traders. 

No wonder why eToro copy trading review and eToro wallet review are so popular among traders.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

eToro UK Fees & Commissions

When it comes to any trading platform, one of the key things to look out for is the trading fees and commissions. These are essentially the only costs that can be outright determined before a trade.

In this eToro broker review, we have listed down the eToro’s key fees and commissions below: 

Trading Fee Charge
CFD trading 0% Commission; Overnight on leverage is not included in the spread
Forex trading 0% Commission; From 1 pip spreads; Overnight on leverage is not included in the spread
Crypto CFD leverage None
Share CFD leverage Up to 5:1
Indices CFD leverage Up to 20:1
Commodities CFD leverage Up to 10:1
Forex CFD leverage Up to 30:1

Here’s a breakdown of the non-trading fees:

Non-trading fees Charge
Overnight Fee Overnight fee charge of CFD traded stocks, indices, commodities, and forex is based on the total value of the position and amount of leverage used.
Deposit Fee 0%
Withdrawal Fee $5
Inactivity Fee None
Account Fee $10 per month after 1 year of inactivity

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

eToro UK User Experience

With its own proprietary trading platform, eToro has definitely focused on design. Their platform has an intuitive interface that’s suitable for newbie traders who are looking to get into the hang of trading. As for security, they have two-factor authentication as well. Let’s check them out more thoroughly in our eToro UK review.

etoro wallet review

From the get-go, users are presented with a crisp and clean eToro homepage that features investment opportunities in the different global markets. In this case, cryptocurrencies are highlighted as the market as a whole experienced some slight gains in the day, review eToro.

eToro’s search function not only shows relevant information but also gives access to the different public users as well. This means that users can search more than assets and find the potential copy portfolio or copy trader they’re looking for. 

etoro app review

Users can keep their accounts open to the public, meaning anyone in the eToro platform can view their trade positions and whether or not they create new ones. In fact, eToro gives its users the option of automatically posting whenever they start a trade. This only adds to the excellent user experience of the social trading feature of the platform according to our eToro review UK.

eToro UK Features, Charting, and Analysis

eToro UK offers copy trading, which allows its users to copy the portfolios of other investors who offer their positions to be copied. These are usually professional traders or investors with financial backgrounds. In our eToro copy trading review, we found that this is one of the key features of the platform as it offers anyone the chance to earn without much knowledge or expertise in the market.

etoro stocks review

Additionally, eToro also has what’s known as Smart Portfolios, a smarter way to invest long term with a minimum of $500 to invest. Instead of investing in a copy trader, Smart Portfolios are a diverse collection of thematic assets. eToro copy portfolio review has provided an example – eToro’s CryptoEqual aggregates a diversified portfolio with exposure to selected crypto assets available on the eToro platform, in line with their relevancy in the crypto market.

When it comes to charting, eToro has a range of tools and technical indicators for trading. Aside from being able to choose the style of the chart which is usually either the candlestick pattern or the simple line, review eToro has also fount other tools that are available such as being able to view the Relative Strength Index (RSI), Moving Averages (MAs), and Fibonacci sequences to name a few. More tools are available in eToro’s Procharts.

Finally, eToro’s analyses can be seen all throughout the different assets they offer. To view them, simply click on the Stats tab of that asset to see the educational resources available. eToro review UK has given an example – when looking at Amazon’s stats, eToro shows a financial summary, stock overview with some technical analysis, and a stock profile. All of this information can help users in their investment decision-making.

eToro UK Account Types 

In just a few minutes, any user can create an account with eToro with the little help of our eToro review UK. That’s how fast it can take to start using their platform. Once your account is made, you can familiarize yourself with eToro by using their demo account first.

Aside from this, eToro offers mainly three different account types. These accounts will have varying features which are shown in eToro review UK table below: 

Features Standard Account  Islamic Account Professional Account
Leverage 30:1 maximum leverage 30:1 maximum leverage 400:1 maximum leverage
Minimum deposit $10 $1,000 Portfolio exceeding $500,000
Dedicated account manager Yes Yes Yes
Exclusive webinars Yes No  Yes

There’s also a corporate account available in eToro but it is reserved to be the trading account for companies. On the other hand, eToro’s Islamic Account is a special account for Muslim traders or anyone who wishes to trade swap-free in Forex.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

eToro UK Mobile App Review

Here’s the eToro app review we already mentioned and promised to provide you. Many markets like crypto and forex run even past normal market hours. This means that many users will need to check their positions and possibly make new ones on the go. eToro has a mobile trading app that is compatible with iOS and Android devices and provides a clean interface and design.

etoro broker review

Pretty much everything you can do on the web platform can be performed in the mobile app of eToro. In our eToro app review, we found that one of the useful features for the mobile app is price updates and trends. When your positions have reached their respective stop loss or take profit levels, you’ll be duly notified if you have notifications enabled on the device. Sounds pretty amazing so no wonder we did the eToro app review. 

Let’s find out more in this eToro app review.

Depending on the market, volatile price movements can happen at any time, and any positions you might have or want to make during extreme movements in price may be advantageous for you. Use these eToro features and be guided by our eToro app review to stay in the loop wherever you are.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

eToro UK Deposit and Withdrawal Methods

The minimum deposit for standard accounts in eToro is $10 for US and UK residents. However, succeeding deposits are at a minimum of $50. 

Supported payment types include:

  • Visa
  • Visa Electron
  • MasterCard
  • Maestro
  • Paypal
  • Skrill
  • Neteller
  • Local Bank Transfer (selected countries)
  • International Bank Wire

For withdrawals, a $5 fee is required per withdrawal, unless you have a platinum-level account or above which is exempt from such fees. eToro wants their users to feel appreciated and enable them properly, thus offering such rewards for larger accounts. The more you use eToro and the more earnings you garner over time, the higher your club tier can be. Make sure to input the information on your withdrawal method so as to not get an eToro withdrawal under review.

When deciding to start online trading, review eToro is the thing you want first to start with.

eToro UK Contact and Customer Service

eToro review UK found out that eToro has customer support that operates at the industry standard, 24 hours a day, 5 days a week. You can contact the support team via their live chat facility which is accessible by logging into your account. Higher tiered accounts even have access to a dedicated account manager that one can personally email and schedule calls with, confirmed by review eToro.

For issues that can be resolved by the user, there is also a clean FAQs page on the platform. If the help or information provided isn’t sufficient, users can open a ticket about their issue and send it to the eToro Help Center where it will be addressed during operating hours. 

Is eToro UK Broker Safe?

Let’s check the eToro broker review, and find out more about its safety. As mentioned previously, eToro is regulated by the United Kingdom’s Financial Conduct Authority and CySEC. Under such authorities, UK-based clients have up to £85,000 covered under the FSCS, while EU-based clients have €20,000 covered from the ICS should the broker go into liquidation. 

Let’s find out more about this eToro broker review. eToro’s clients’ funds are held in a segregated bank account as they offer negative balance protection as per regulatory requirements. Since on rare occasions, market conditions could cause account equity to become negative, eToro’s policy on negative balance protection will make sure that certain positions are margin called as to not have any negative equity in your account. 

eToro UK Review – Conclusion

Whether you’re looking to just start online trading or have been a trader yourself who wants to try copy trading, eToro may be a suitable option. That’s why we did a whole review of eToro, and an eToro copy trading review, alongside our eToro app review. From its intuitive platform to its copy trading features, the platform is suitable for the majority of users. 

eToro offers 0% commission and access to multiple high-level markets.

FAQs

What is eToro?

eToro is a well-regulated all-in-one trading platform that offers users to invest in stocks, crypto, forex, and many other financial instruments across different devices and platforms.

What is Forex trading?

Forex trading, also referred to as foreign exchange trading, occurs when you convert one fiat currency into another. Forex is the largest traded market internationally, with businesses, investors, and major banks executing more than $6 trillion worth of transactions every day.

What is cryptocurrencies trading?

Cryptocurrencies are digital assets backed by the blockchain and are used as a transfer and store of value. Crypto trading is the buying or selling of these virtual currencies in real-time.

Can I trade with leverage in eToro UK broker?

Yes, you can trade with leverage in the eToro UK broker. When performing a leveraged trade, you will need to select how much leverage you’d want to take (usually 2x and 5x) before proceeding with your trade.

Can I open an account with eToro in the UK?

Yes, you can. Simply head to the eToro UK website and create an account from their page.

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About Jose Rafael Aquino
About Jose Rafael Aquino

Jose Rafael Aquino is a Filipino writer and entrepreneur that specializes in finance, technology, cryptocurrency, and sports. Versed in the startup tech space, he has written for websites such as The GUIDON, StockApps, and BuyShares.