eToro Broker Overview UK
blogeToro Broker Overview UK is one of the most popular online trading platforms in Europe. It’s widely regarded for its social trading features, user-friendly interface, and diverse asset offerings, including stocks and cryptocurrencies. Furthermore, its compliance with the Financial Conduct Authority (FCA) adds to the security of its platform.
The firm’s platform is available for traders to trade in a range of assets, from currencies (forex) and stocks to commodities and cryptocurrencies. In fact, the site enables users to invest in more than 5,000 different instruments across a range of market segments. This includes indices, exchange-traded securities (ETS), and individual companies. eToro also offers CFD trading, which allows traders to make profits on the rising and falling prices of a given instrument.
eToro Broker Overview UK: A Trusted Name in Trading
There is no commission on share dealing, although you will incur a flat fee for withdrawals and conversion fees. eToro charges spread-based overnight fees for CFDs, which vary depending on the asset you trade and its currency pair. There are also stamp duty costs for UK-listed shares.
You can open a free demo account on the eToro website and practice trading in a virtual environment. The firm also provides a free mobile app and supports a number of deposit methods, including Bitcoin. Alternatively, you can use a Cash Account, which lets you transfer funds from your bank account to eToro directly. The accounts are held in segregated bank accounts with regulated institutions. However, eToro Money deposits are not covered by the FCA and Cryptocurrency deposits are not eligible for compensation under the Financial Ombudsman Service.