Best eToro review UK is one of the best options for social trading and a market leader in this field. They are regulated in multiple jurisdictions and have an excellent reputation with customers. They have a simple, clear and intuitive web platform and mobile app, plus plenty of features to help traders and investors make the right choices. The trading fees are also competitive, though some non-trading charges do apply.
Traders are able to trade a wide range of currencies (forex), stocks, commodities, indices and crypto assets on eToro. The broker offers a unique mix of investing and trading with its Contracts for Difference (CFDs) which provide exposure to the price of an asset without having to own the actual underlying asset.
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The broker is a market maker and uses its own in-house execution system, which should help to reduce conflict of interest. However, experienced traders don’t always like this type of broker as they may experience higher slippages. eToro has no commissions on long, non-leveraged positions on stocks or ETFs and the spread is low, with as little as 1.0 pip for EUR/USD. In addition, eToro’s eToro Club loyalty program offers free investment insurance from Lloyd’s of London to Platinum+ and Diamond Club members.
Customer reviews are generally positive, with many highlighting the low cost of trading, easy to use web and mobile platforms and high level of customer service. However, some users have reported longer than promised wait times for support and problems with the chat function.