Is eToro legal in the UK?

eToro Money UK Ltd, is authorised and regulated by the Financial Conduct Authority for the provision of electronic money and payment services, with Firm Reference Number 900923. Registered in England & Wales under Company No.

How safe is eToro, UK?

Yes. eToro operates in accordance with FCA, CySEC, FSRA, MAS, FSA Seychelles, and ASIC regulations. On eToro, our clients' funds are kept secure in top-tier banks or placed in qualifying money market funds. All personal information is guarded under SSL encryption.

Do I pay tax on eToro UK?

Customers are generally expected to report and, as appropriate, pay taxes in their country of residence on income earned from stocks and crypto investing.

Is eToro protected by FSCS in the UK?

While the funds held in your eToro Money account are not protected by the banking depository compensation scheme (e.g. FSCS in the UK and the depository compensation scheme in Malta), your funds are protected at all times and in the unlikely event of insolvency, your losses are restricted to the cost of repatriation of ...

Can HMRC see my eToro account?

What does HMRC do with the information that eToro provides? HMRC has used data matching to crack down on crypto tax fraud. By using information provided by exchanges like eToro, HMRC is able to track crypto transactions and identify individuals who have not met their tax obligations.

Is eToro Legal in UK? Watch Before You Sign Up! (2025)

What are the risks of eToro?

Depending on the structure and security of the eToro Money crypto wallet, some individuals may be vulnerable to hacks, resulting in the theft of virtual currency or loss of customer assets.

Who owns eToro?

eToro was founded as RetailFX in 2007 in Tel Aviv, by brothers Yoni Assia and Ronen Assia together with David Ring. In 2010, the firm released the eToro OpenBook social investment platform.

How to avoid eToro withdrawal fee in the UK?

If you transfer funds from your eToro USD investment account to your eToro GBP or EUR account, there is no withdrawal fee, but there may still be a conversion fee. If you withdraw funds from your eToro GBP or EUR account to any external GBP or EUR account, there is no fee, and no conversion fee required.

How does eToro make money?

eToro makes money through commission on trades, widening bid/offer spreads, FX fees when you deposit funds, withdrawal charges and keeping interest on the funds in your account.

Do you have to declare stocks to HMRC?

You will need to declare your capital gains. This can be done via a self-assessment tax return, or you can report them to HMRC using its real-time capital gains tax service.

What is the minimum deposit on eToro UK?

Minimum first deposit:

After your first deposit, there is a minimum deposit amount of only US $50 (US $10 in the UK; US $1 in the USA). All deposits via Bank Transfer must be at least US $500. The amounts above apply to personal accounts only. The minimum first deposit amounts for corporate accounts can be found here.

Does eToro report to tax authorities?

eToro may be required to provide tax information to your local tax authority, in line with the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS).

What are the disadvantages of eToro?

eToro offers low stock and commission-free ETF trading in most countries, while forex fees are average. On the negative side, CFD fees are high and there are non-trading fees, such as a $5 withdrawal fee.

What is the best trading platform in the UK?

What's better, Trading 212 or eToro?

Final Verdict – Which Platform Should You Pick? eToro is the better choice for traders wanting crypto access, social features, and a strong learning environment. Trading 212 suits UK investors focused on ISAs, cost-saving, and simple stock investing. Your choice depends on tax use, asset preferences, and trading style.

Why can't I get my money out of eToro?

Only funds from your available balance can be withdrawn, not funds invested in open positions. If your account is missing documents or has a restriction, please find out here what you need to provide and contact us so we can help resolve the issue.

Is eToro good for beginners?

Quick Answer - Is eToro Good For Beginners? Yes. eToro is beginner-friendly with its user interface, demo account, and CopyTrader.

Why is eToro so expensive?

eToro offers commission-free stock trading, but fees apply to CFDs, forex, crypto, and withdrawals. Key costs include spreads, overnight fees, and currency conversion charges. To minimise fees, trade real stocks, use USD deposits, and limit withdrawals. Always check eToro's latest fee schedule before day trading.

Do professional traders use eToro?

An eToro client who meets certain criteria can opt to become a Professional Client. This is a regulatory status available for experienced traders and financial professionals who are permitted to employ more advanced strategies in managing their portfolios.

Who is the most successful eToro trader?

Jeppe Kirk Bonde - eToro Popular Investor | Strategy & Performance.

Why did eToro sell my stock?

We automatically sell all your expiring open positions on your behalf at or shortly before 3:30 pm ET on the day of their expiration. These orders are placed as market orders for execution at the best available price at that moment.

Why am I losing money on eToro?

By default, your holdings are displayed in USD. If you choose to view your account in a different currency, changes in the exchange rate between the currency of your holdings and the display currency will cause your available balance to fluctuate.

What is the alternative to eToro in the UK?

Comparing eToro alternatives, Kraken, OKX, and Bitget rank among the highest rated in the UK. They are known for their popularity, regulatory compliance, security, and trading features. Overall, the best choice depends on user preferences, as each platform offers unique features to cater to different trading needs.

What are the side effects of eToro?

Common side-effects of Etoro 90mg Softgel Capsule are stomach pain, dry socket, swelling of the legs, dizziness, headache, palpitations, increased blood pressure, shortness of breath, constipation, flatulence, heartburn, diarrhoea, indigestion (dyspepsia), nausea, vomiting, general weakness and flu-like illness (fever, ...