If you want to open a stocks and shares ISA with eToro, you need to make sure you have enough money for the deposit and any potential losses. It’s also a good idea to have a clear understanding of the risks involved and seek financial advice if you are not comfortable with them.
Social trading and investing platform eToro has launched a stocks and shares ISA for its UK customers. It’s partnered with online wealth manager Moneyfarm to provide an ISA product that will be discretionarily managed. The service will be available to eToro UK customers, and the ISA balance will appear within their eToro account. Moneyfarm’s globally diversified, risk rated portfolios will be chosen to suit the customer’s needs.
eToro Stocks and Shares ISA: A Complete Investor’s Guide
eToro Stocks and Shares ISA are user-friendly and allow investors of all experience levels to get started. It’s easy to navigate, and offers users a full range of functions including searching for assets, placing orders and two factor authentication. For those wanting to try their hand at copy trading, eToro provides a demo account with up to $100,000 to practice with.
Unlike other CFD brokers, eToro does not charge a commission on stock and ETF trades. However, they do charge a flat fee for withdrawals and an inactivity fee on accounts that are not active for 12 months. The eToro fees table below provides a full breakdown of the charges and costs involved with trading with them.