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.

Is eToro an Israeli company?

eToro is a social trading and multi-asset investment company based in Israel.

Is eToro safe in the 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.

Is eToro linked to HMRC?

Yes. In the UK, your transactions on eToro or other platforms are subject to capital gains tax and ordinary income tax. If you've earned or disposed (ex. Sold or traded away cryptocurrency) during the year, you'll have a tax liability to report to HMRC.

Is eToro based in the UK?

eToro is regulated in the UK, Europe, Australia, Gibraltar and the US. We have 10 offices worldwide, including centres in the US, UK, Israel, Cyprus and Australia.

eToro CEO Yoni Assia on IPO debut, crypto ties and growth outlook

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.

Who is the CEO of eToro?

Yoni Assia, eToro CEO, joins CNBC's 'Money Movers' to discuss outlooks on Bullish's IPO, how competitive the crypto landscape is, and much more.

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.

Do I need to 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.

Can I withdraw money from eToro UK?

Withdrawing funds from your GBP or EUR (aka eToro Money) account to an external bank account is quick and easy. If the account you want to move money to isn't already set up, you will need to add a new payee from the eToro Money app. In the eToro Money app, select Make Payment under the Cash tab.

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.

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.

Can Muslims use eToro?

The short answer: yes. eToro offers an Islamic account designed specifically to comply with Sharia principles. That means no interest, no hidden fees, and no compromises when it comes to faith-based financial ethics.

How many users does eToro have?

The company operates in 75 countries and has 40 million users. In June 2022, eToro (Europe) Ltd, a European subsidiary, was registered with the Autorité des marchés financiers (AMF) as a digital asset service provider (DASP).

Is eToro ethical?

eToro is a safe, FCA-regulated broker ideal for beginners and casual investors. It offers a user-friendly platform, strong security, and transparent commission-free trading on stocks.

Who is the most successful eToro trader?

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

Can you make a living on eToro?

By leveraging stock lending, interest on balances, and dividends, eToro investors can generate more income from their portfolios. It's a diversified approach that can deliver additional returns and support long-term investment goals.

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.

What is the best trading platform in the UK?

How much does eToro charge to withdraw?

If you withdraw funds from your eToro USD investment account to any external account, there is a $5 fee. There may also be a conversion fee if you withdraw to an account in a non-USD currency. (See more information about conversion fees here.)

How safe is eToro, UK?

Is eToro safe and legit? Yes, eToro is a regulated broker licensed by the FCA (UK), ASIC (Australia), and CySEC (EU). It has security measures like two-factor authentication (2FA) and SSL encryption, but users should be aware of trading risks.

Do I pay tax on eToro UK?

You need to calculate and pay any applicable taxes in your country or countries of tax residence. You can use information from your account statement to calculate the taxable income that you need to include in your tax return. We also offer the eToro tax report as a premium feature.

Who is eToro's rival?

Coinbase. Coinbase is a US-regulated brokerage and exchange known for its beginner-friendly design and regulatory compliance. It supports over 400 cryptocurrencies, significantly more than eToro but fewer than Binance or MEXC.

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.