eToro Review UK 2026: Fees, ISA, Copy Trading and Verdict
11 JUN, 2026
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eToro is best known for its standout feature: social trading, which allows users to automatically copy the portfolios of top-performing traders — making it accessible even to those with little market experience. On top of that, eToro offers zero-commission trading on stocks and ETFs within a Stocks and Shares ISA, making it an appealing choice for cost-conscious UK investors.
Originally launched in Israel in 2007, eToro has grown into a global platform with over 35 million users across 140+ countries. In this review, we cover eToro's services in the UK and explore whether it's the right broker for your investing goals.
Pros and Cons
| Pros of eToro | Cons of eToro | ||
|---|---|---|---|
| ✅ Social and copy trading — CopyTrader is unique in the market | ❌ 0.50% FX conversion fee — accounts in USD | ||
| ✅ Clear and intuitive platform — ideal for beginners | ❌ $5 withdrawal fee; minimum $30 withdrawal | ||
| ✅ Wide range of assets: real stocks, ETFs, crypto (75+), ISA | ❌ $10/month inactivity fee after 12 months of no login | ||
| ✅ Zero commission on stocks and ETFs (real assets) | ❌ No advanced charting or technical analysis tools | ||
| ✅ Low minimum deposit — from £10 in the UK | ❌ No SIPP; no interest on uninvested cash |
| Pros of eToro | Cons of eToro |
| ✅ Social and copy trading — CopyTrader is unique in the market | ❌ 0.50% FX conversion fee — accounts in USD |
| ✅ Clear and intuitive platform — ideal for beginners | ❌ $5 withdrawal fee; minimum $30 withdrawal |
| ✅ Wide range of assets: real stocks, ETFs, crypto (75+), ISA | ❌ $10/month inactivity fee after 12 months of no login |
| ✅ Zero commission on stocks and ETFs (real assets) | ❌ No advanced charting or technical analysis tools |
| ✅ Low minimum deposit — from £10 in the UK | ❌ No SIPP; no interest on uninvested cash |
Is eToro safe?
Yes, eToro is safe for UK clients. eToro (UK) Ltd is regulated by the Financial Conduct Authority (FCA) (FRN 583263), which enforces strict rules on client fund protection. UK users benefit from segregated accounts, negative balance protection, and access to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per person in case of broker insolvency. Additional Lloyd's insurance provides further coverage beyond the FSCS limit.
Main Features
| Regulation | FCA (UK), CySEC (Cyprus), ASIC (Australia) | ||
| FSCS Protection | £85,000 + Lloyd's insurance | ||
| Supported currency | USD (0.50% FX fee on GBP deposits/withdrawals) | ||
| Stocks & ETFs commission | £0 (real assets, non-leveraged) | ||
| Minimum deposit | £10 in the UK (bank transfer: $500 minimum) | ||
| Inactivity fee | $10/month after 12 months of no login | ||
| Withdrawal fee | $5 per withdrawal; minimum $30 | ||
| Products | Real stocks, ETFs, crypto (75+); CFDs on forex, indices, commodities | ||
| ISA / SIPP | Stocks and Shares ISA ✅; SIPP ❌ | ||
| Demo account | Yes — $100,000 virtual funds |
| Regulation | FCA (UK), CySEC (Cyprus), ASIC (Australia) |
| FSCS Protection | £85,000 + Lloyd's insurance |
| Supported currency | USD (0.50% FX fee on GBP deposits/withdrawals) |
| Stocks & ETFs commission | £0 (real assets, non-leveraged) |
| Minimum deposit | £10 in the UK (bank transfer: $500 minimum) |
| Inactivity fee | $10/month after 12 months of no login |
| Withdrawal fee | $5 per withdrawal; minimum $30 |
| Products | Real stocks, ETFs, crypto (75+); CFDs on forex, indices, commodities |
| ISA / SIPP | Stocks and Shares ISA ✅; SIPP ❌ |
| Demo account | Yes — $100,000 virtual funds |
Available Investment Products
eToro offers a diverse range of real assets and CFD products:
- Stocks: Over 3,100 stocks across 18 global markets — UK, US, Europe, Japan, Saudi Arabia, and more. Available commission-free and within a Stocks and Shares ISA. Fractional shares from $10.
- ETFs: 300+ commission-free ETFs. Opening a long position without leverage means you own the real asset. Popular ETFs include VWRP, CSPX, QQQ, SPY and TLT.
- Indices: Traded via CFDs, offering leverage and short-selling. Key indices: Nasdaq, DAX, S&P 500, FTSE 100.
- Commodities: 30+ commodities via CFDs, including gold, oil, silver, and agricultural products.
- Forex: 50+ currency pairs via CFDs — EUR/USD, USD/JPY, EUR/GBP, and more. Leverage up to 1:30 for retail clients.
- Cryptocurrencies: 75+ real cryptocurrencies, including Bitcoin, Ethereum, XRP, and major altcoins. UK residents can buy real crypto assets (crypto derivatives are not allowed under FCA rules).
Fees and Commissions
eToro operates a zero-commission, spread-based cost structure for real assets. Buying stocks and ETFs with a long, unleveraged position carries no commission — the spread is built into the price.
For CFDs (short positions or leveraged trades), an overnight fee (swap) applies if positions are held beyond one trading day — typically 0.06% daily + 0.19% at weekends.
Key fees summary:
| Fee | Amount | ||
|---|---|---|---|
| Stocks & ETFs (real, non-leveraged) | £0 commission | ||
| FX conversion fee | 0.50% (on all GBP deposits/withdrawals — account in USD) | ||
| Crypto | 1% spread (built into price) | ||
| CFD overnight fee | ~0.06% daily + 0.19% weekends | ||
| Withdrawal fee | $5 per withdrawal; minimum $30 | ||
| Inactivity fee | $10/month after 12 months of no login | ||
| Deposit fee | Free |
| Fee | Amount |
| Stocks & ETFs (real, non-leveraged) | £0 commission |
| FX conversion fee | 0.50% (on all GBP deposits/withdrawals — account in USD) |
| Crypto | 1% spread (built into price) |
| CFD overnight fee | ~0.06% daily + 0.19% weekends |
| Withdrawal fee | $5 per withdrawal; minimum $30 |
| Inactivity fee | $10/month after 12 months of no login |
| Deposit fee | Free |
Minimum Deposit and Withdrawals
Minimum deposit in the UK: £10 (via card, PayPal, or e-wallets). Bank transfers require a minimum of $500. Subsequent deposits are also from £10.
Withdrawals carry a flat $5 fee with a minimum of $30. Processing takes 1–2 business days (up to 10 for bank transfers). The 0.50% FX conversion applies when withdrawing in GBP.
Does eToro offer a Stocks and Shares ISA?
Yes. eToro offers a Stocks and Shares ISA for UK residents. Key features:
- No management fees — no platform fee, no dealing commission inside the ISA
- Flexible ISA — withdraw and replace funds in the same tax year without losing your ISA allowance
- Annual allowance: £20,000 for 2026/27
- Stocks and ETFs available within the ISA wrapper; crypto is not eligible for ISA
- All gains and dividends inside the ISA are completely free from UK tax
With CGT now at just £3,000 annual exempt amount (2026/27) and dividend tax at 8.75%–39.35%, using an ISA wrapper for stock and ETF investing is more important than ever. See our guide to the best Stocks and Shares ISAs in the UK for a cost comparison across platforms.
Trading Platform
eToro's platform stands out for its simplicity, accessibility, and strong feature set. It offers both a web-based platform (no download required) and a mobile app for iOS and Android.
The platform provides watchlists, interactive charting, portfolio tracking, a social feed, real-time news, and push notifications. While not as advanced as platforms like Interactive Brokers or IG for technical analysis, it strikes an excellent balance for beginner and intermediate investors.
Social Trading and Copy Trading
eToro's CopyTrader feature enables investors to replicate the trades of successful investors in real time. The platform displays the most successful traders along with their strategy, risk score, assets, and historical performance. You choose how much to invest (minimum $200) and your portfolio is automatically adjusted whenever the copied trader makes changes.
Clients have access to portfolios, trading history, risk ratings, and performance ratios of each trader. No management fees are charged for copying.
Important: the risk of copying is never zero. If the investors you copy incur losses, you will experience the same losses. Research carefully before choosing who to copy.
How to copy eToro traders
- Choose a trader — filter by performance, assets, risk score, and strategy
- Choose an amount — minimum $200; this will be distributed proportionally across the trader's portfolio
- Click "Copy" — all future trades will be replicated automatically
Popular Investor Programme
Experienced investors who share their portfolios publicly can earn monthly payments, spread discounts of up to 100%, and an annual payment of up to 2.5% of AUM. eToro divides top traders into four tiers (Cadet, Champion, Elite, Elite Pro) based on performance, followers, and equity.
Smart Portfolios
eToro's Smart Portfolios (previously CopyPortfolios) group assets around specific themes or top-trader strategies. There are three types: Top Trader Portfolios (built on top eToro traders), Market Portfolios (built around themes or sectors — AI, clean energy, payments), and Partner Portfolios (built by external partners). No additional management fees apply.
Education
eToro Academy includes free video tutorials, webinars, and written guides from beginner to advanced level. The demo account ($100,000 virtual funds) lets users practise risk-free. The social trading environment allows learning by following experienced investors in real time.
How Does eToro Compare to its Competitors?
| Feature | eToro | Trading 212 | XTB | Hargreaves Lansdown | |||||
|---|---|---|---|---|---|---|---|---|---|
| Regulation | FCA, CySEC, ASIC | FCA, CySEC, FSC | FCA, KNF | FCA | |||||
| FSCS | £85,000 + Lloyd's | £85,000 | £85,000 | £85,000 | |||||
| ISA | ✅ (zero fees) | ✅ (zero fees) | ✅ (zero fees, 4% AER on cash) | ✅ (0.35%, capped £150) | |||||
| SIPP | ❌ | ✅ | ❌ | ✅ | |||||
| Copy trading | ✅ CopyTrader | ❌ | ❌ | ❌ | |||||
| Crypto (real) | ✅ 75+ | ❌ | ❌ (CFDs only) | ❌ | |||||
| Dealing fee | £0 | £0 | £0 (up to €100k/mo) | £6.95/trade | |||||
| Inactivity fee | $10/month (12m) | None | None | None | |||||
| Social trading | ✅ | ❌ | ❌ | ❌ |
| Feature | eToro | Trading 212 | XTB | Hargreaves Lansdown | |||||
|---|---|---|---|---|---|---|---|---|---|
| Regulation | FCA, CySEC, ASIC | FCA, CySEC, FSC | FCA, KNF | FCA | |||||
| FSCS | £85,000 + Lloyd's | £85,000 | £85,000 | £85,000 | |||||
| ISA | ✅ (zero fees) | ✅ (zero fees) | ✅ (zero fees, 4% AER on cash) | ✅ (0.35%, capped £150) | |||||
| SIPP | ❌ | ✅ | ❌ | ✅ | |||||
| Copy trading | ✅ CopyTrader | ❌ | ❌ | ❌ | |||||
| Crypto (real) | ✅ 75+ | ❌ | ❌ (CFDs only) | ❌ | |||||
| Dealing fee | £0 | £0 | £0 (up to €100k/mo) | £6.95/trade | |||||
| Inactivity fee | $10/month (12m) | None | None | None | |||||
| Social trading | ✅ | ❌ | ❌ | ❌ |
For detailed head-to-head comparisons: eToro vs Trading 212 | eToro vs XTB | IG vs eToro | Revolut vs eToro
Bottom Line
eToro is a strong choice for UK investors who want social and copy trading, access to real cryptocurrencies, and a commission-free ISA — all in one easy-to-use platform. It's particularly well-suited to beginners who want to learn by following experienced traders.
The main drawbacks are the $10/month inactivity fee (a real cost for passive investors who don't check their account for 12 months), the 0.50% FX conversion fee on all GBP transactions, and the $5 withdrawal fee. eToro also doesn't offer a SIPP, interest on uninvested cash, or advanced charting tools.
Overall, eToro is a well-regulated, feature-rich platform with a unique social dimension — but investors who prioritise low FX costs, a SIPP, or interest on idle cash may find alternatives like Trading 212 or Hargreaves Lansdown better suited to their needs.
FAQs
What is eToro?
eToro is a global social investment platform launched in 2007. It began with online forex trading and expanded to include real stocks, ETFs, and cryptocurrencies. Since 2017 it has grown significantly in cryptocurrency trading. It is regulated by the FCA in the UK and is one of the best trading platforms for social investing.
How to pay taxes on eToro UK?
Capital Gains Tax (CGT): Applies when you profit from selling investments outside a tax wrapper. The CGT annual exempt amount for 2026/27 is £3,000. Gains above this are taxed at 18% (basic rate) or 24% (higher/additional rate) for shares and ETFs.
Dividend Allowance: The first £500 of dividend income is tax-free (2026/27). Dividends above this are taxed at 8.75% (basic), 33.75% (higher), or 39.35% (additional rate).
Cryptocurrency: Profits from crypto trading are subject to CGT in the UK.
ISA advantage: All gains and dividends inside an eToro Stocks and Shares ISA are completely tax-free. Given CGT is now just £3,000, using the ISA wrapper is strongly recommended for most UK investors.
eToro provides annual tax reports via the platform. You are responsible for reporting gains on a Self-Assessment tax return. Consult a tax professional if unsure.
How to open an account on eToro?
- Go to eToro's website and click to create an account (email, Google, or Facebook)
- Upload your ID and proof of address to verify your account
- Complete the risk assessment questionnaire
- Deposit from £10 and start investing
What currency does eToro use?
eToro accounts are denominated in USD. All GBP deposits and withdrawals incur a 0.50% FX conversion fee. There is no GBP base currency option. This means a £10,000 deposit costs £50 in conversion fees before any investment is made — a key consideration when comparing eToro to GBP-native platforms like Hargreaves Lansdown or Trading 212.
What is eToro's customer service like?
eToro offers 24/5 live chat (available to all users) and a support ticket system via the Help Centre. Phone support is available at +44 20 3326 9900 for UK clients. The eToro Academy and Help Centre cover most common queries via self-service. Response times via ticket can be 1–3 business days during peak periods.
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