{"id":8301,"date":"2022-01-06T19:50:33","date_gmt":"2022-01-06T19:50:33","guid":{"rendered":"https:\/\/tradingplatforms.com\/uk\/?page_id=8301"},"modified":"2024-08-12T05:43:24","modified_gmt":"2024-08-12T05:43:24","slug":"etoro-review","status":"publish","type":"page","link":"https:\/\/tradingplatforms.com\/uk\/etoro-review\/","title":{"rendered":"eToro Review UK 2025 – Low Fees Trading Platform"},"content":{"rendered":"

eToro has more than 20 million users and offers low-fee trading across thousands of assets. In our eToro review<\/b> UK<\/strong>, we discuss the key features of the broker, including the proprietary platform, user experience, and account types. We\u2019ll also cover the key metrics such as fees, financial instruments, commissions, payment options, regulations, and more.<\/p>\n

To maintain an unbiased position, we tried the platform out for ourselves. The information provided below is based on our experience as well as the experiences of other eToro users. However, there is no guarantee that your experience will be the same. It is a good idea to research trading platforms thoroughly before putting any money at risk.<\/p>\n

Visit eToro<\/span><\/a><\/div>\n

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What is eToro?<\/h2>\n

\"etoro<\/a><\/p>\n

eToro is an all-in-one online trading platform<\/a> that provides social trading features as well as traditional trading tools. First and foremost, the broker is regulated by the Financial Conduct Authority and the Financial Services Compensation Scheme and strictly follows the Markets in Financial Instruments Directive (MiFID), meaning the platform follows proper financial.<\/p>\n

First launched in 2007, eToro has been a pioneer in online trading after popularizing social trading and copy trading<\/a>. Being one of the first platforms to offer these features, eToro has paved the way for other brokers to follow suit.<\/p>\n

Additionally, eToro customers have the option of trading among thousands of stocks, cryptocurrencies<\/a>, 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 many of them with low commissions.<\/p>\n

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.<\/p>\n

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.<\/p>\n

eToro supports both short term and long-term trading strategies. For long term investors, the platform provides ready-made investment portfolios and ETFs.<\/p>\n

Visit eToro<\/span><\/a><\/div>\n

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What Can You Invest in and Trade on eToro UK?<\/h2>\n

eToro supports the trading of 2,689 shares, 13 indices, 32 commodities, 49 forex pairs, and 42 different cryptocurrencies. In this section of our review, we take a closer look at the different assets that are available to trade on eToro.<\/p>\n

eToro also gives users the option of trading with leverage through CFDs<\/a>. This means that users can bet on the price difference of an asset using borrowed capital from the platform. This allows users to place higher stakes that could potentially lead to higher profits. However, leverage also increases trading risk.<\/p>\n

Forex<\/h3>\n

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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.<\/p>\n

Leverage of up to 20:1 is available in forex trading<\/a> for the standard toro account. 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.<\/p>\n

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.<\/p>\n

Stocks<\/h3>\n

\"etoro<\/p>\n

Aside from the NYSE and NASDAQ, eToro offers stock trading<\/a> from 15 other international markets. Among them are markets from Frankfurt, London, Paris, Madrid, and Milan. Of course, you\u2019ll only be able to trade in these markets during their respective market hours.<\/p>\n

eToro supports traditional stock trading whereby traders buy the underlying asset. This means, users can hold that stock without any additional cost, which is suitable for long term trading strategies.<\/p>\n

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.<\/p>\n

Indices<\/h3>\n

\"etoro<\/p>\n

There are 13 available indices to trade from, including SPX500, DJ30, and the China50. The maximum leverage that\u2019s 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.<\/p>\n

eToro provides a range of educational materials and analytics that are relevant to indices trading. The platform explains what you need to know when trading the index including what drives the price, current volatility, and demographics involved. However, the content is for educational purposes and should not be taken as investment advice.<\/p>\n

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.<\/p>\n

Commodities CFDs<\/h3>\n

\"etoro<\/p>\n

There are 32 tradable commodities on eToro, traders looking to diversify their portfolios will have many different options to choose from. Copper, Aluminum, Gold<\/a>, Oil, and Natural Gas are among the available commodities.<\/p>\n

All commodities trading on eToro is done 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. The content is for educational purposes and should not be considered investment advice.<\/p>\n

Cryptocurrencies<\/h3>\n

\"etoro<\/p>\n

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<\/a>, and Litecoin.<\/p>\n

In addition to having cryptocurrency trading<\/a>, eToro also has a crypto wallet<\/a> that allows for the storage of digital currencies. As stated on their site, the eToro crypto wallet<\/a> 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.<\/p>\n

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 many copy traders who incorporate cryptocurrency trading in their portfolios.<\/p>\n

Visit eToro<\/span><\/a><\/div>\n

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eToro UK Fees & Commissions<\/h2>\n

When it comes to any trading platform, one of the key things to look out for is the trading fees and commissions. High costs can make it difficult to make a return on investment.<\/p>\n

As mentioned above, eToro offers relatively low fees across the platform. The fees that you may come across while using eToro are listed below.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
Trading Fee<\/b><\/td>\nCharge<\/b><\/td>\n<\/tr>\n
CFD trading<\/td>\n\u00a0Varying spreads; Overnight on leverage is not included in the spread<\/td>\n<\/tr>\n
Forex trading<\/td>\nFrom 1 pip spreads; Overnight on leverage is not included in the spread<\/td>\n<\/tr>\n
Crypto Trading<\/td>\n1% Commission<\/td>\n<\/tr>\n
Share CFD leverage<\/td>\nUp to 5:1<\/td>\n<\/tr>\n
Indices CFD leverage<\/td>\nUp to 20:1<\/td>\n<\/tr>\n
Commodities CFD leverage<\/td>\nUp to 10:1<\/td>\n<\/tr>\n
Forex CFD leverage<\/td>\nUp to 30:1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Here\u2019s a breakdown of the non-trading fees:<\/p>\n

\n\n\n\n\n\n\n\n\n
Non-trading fees<\/b><\/td>\nCharge<\/b><\/td>\n<\/tr>\n
Overnight Fee<\/td>\nOvernight fee charge of CFD traded stocks, indices, commodities, and forex is based on the total value of the position and amount of leverage used.<\/td>\n<\/tr>\n
Deposit Fee<\/td>\nVarying commissions<\/td>\n<\/tr>\n
Withdrawal Fee<\/td>\n$5<\/td>\n<\/tr>\n
Inactivity Fee<\/td>\n\u00a0$10 per month after 1 year of inactivity<\/td>\n<\/tr>\n
Account Fee<\/td>\nNone<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Visit eToro<\/span><\/a><\/div>\n

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eToro UK User Experience<\/h2>\n

With its own proprietary trading platform, eToro provides users with a clear platform design. Their platform has an intuitive interface that is straightforward to navigate. As for security, they have two-factor authentication and KYC requirements which have been put in place to protect users.<\/p>\n

\"etoro<\/p>\n

The eToro homepage is clear and user-friendly, it features investment opportunities in different global markets.<\/p>\n

eToro\u2019s 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\u2019re looking for.<\/p>\n

\"etoro<\/p>\n

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 creates a sense of community and transparency.<\/p>\n

eToro UK Features, Charting, and Analysis<\/h2>\n

eToro UK offers copy trading, which allows its users to copy the portfolios of other investors who have been picked by the platform. These are usually professional traders or investors with financial backgrounds.<\/p>\n

\"etoro<\/p>\n

Additionally, eToro also offers Smart Portfolios. Smart Portfolios are a pre-selected portfolio of assets that are suitable for long-term investors. These portfolios are created by experts and make it possible for users to diversify their investments with the help of professional analysis. However, Smart Portfolios do not guarantee returns.<\/p>\n

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\u2019s Procharts.<\/p>\n

Finally, eToro\u2019s professional analyses can be seen by users to assit there own research. To view them, simply click on the Stats tab of that asset to see the educational resources available. For example \u2013 when looking at Amazon\u2019s 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.<\/p>\n

There\u2019s also a corporate account available in eToro but it is reserved to be the trading account for companies. On the other hand, eToro\u2019s Islamic Account<\/a> is a special account for Muslim traders or anyone who wishes to trade swap-free in Forex.<\/p>\n

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eToro UK Mobile App Review<\/b><\/h2>\n

The financial markets are volatile and can move quickly. 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.<\/p>\n

\"etoro<\/p>\n

Everything that can be done through the desktop platform can be performed in the mobile app. 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\u2019ll be duly notified if you have notifications enabled on the device.<\/p>\n

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Visit eToro<\/span><\/a><\/div>\n

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eToro UK Deposit and Withdrawal Methods<\/h2>\n

The minimum deposit for standard accounts on eToro is $50 for US and UK residents.<\/p>\n

Supported payment types include:<\/p>\n