eToroGeneral account
£100 Free Cash
Earn
£100
With more than 40 million users worldwide, eToro has built its name on something most UK brokers do not offer: social and copy trading, where you can follow and automatically mirror other investors. Alongside that, it lets you buy real stocks and ETFs from one polished, beginner-friendly app, with fractional shares so you can start small.
Customers
40m
UK accounts
Founded
2007
19 years old
App Store
4.2 ★
17k reviews
Google Play
4.2 ★
155k reviews
Live offers
1
Worth £100
eToro (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FRN 583263). Capital is at risk and the value of investments can fall as well as rise. Eligible deposits are protected by the FSCS up to £85,000.
Current eToro offers
The review· 5 min read
eToro overview
With more than 40 million users worldwide, eToro has built its name on something most UK brokers do not offer: social and copy trading, where you can follow and automatically mirror other investors. Alongside that, it lets you buy real stocks and ETFs from one polished, beginner-friendly app, with fractional shares so you can start small.
It is a popular first platform, especially for people drawn to the social side of investing or who want one slick app for shares, ETFs and more. If you are a cost-focused investor who trades often, a commission-free UK broker may work out cheaper over time, as eToro can charge a small per-trade commission and a currency-conversion fee when you trade US-listed shares. For this welcome offer, though, you can simply deposit and leave the money as cash, which keeps things simple.
Is eToro safe?
Yes. eToro (UK) Ltd is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 583263), and eligible UK customers are protected by the Financial Services Compensation Scheme up to £85,000 if eToro were to fail.
As with any investing, your capital is still at risk. FSCS protection covers the firm going bust, not losses on your investments, and the value of shares (including your free share) can fall as well as rise. eToro is a large, established business, publicly listed on the Nasdaq since 2025 and used by tens of millions of people, so on the safety front it sits alongside other mainstream platforms.
Who is eToro for?
eToro suits investors who want a slick mobile app and are interested in its social and copy-trading features, which are the most developed of any major platform. It is a fine place to claim the welcome offer, especially as the qualifying deposit can sit as cash rather than being invested.
If you are a cost-focused long-term investor who trades often, the per-trade commission and currency-conversion fees mean a commission-free UK platform may work out cheaper over time.
What does eToro do?
Social and copy trading
Follow other investors and automatically copy their trades. This is eToro's signature feature and the most developed of any major UK platform.
Thousands of stocks and ETFs
Invest in companies and funds from the UK, US and beyond, all from one app, with fractional shares so you can buy part of a pricey stock.
Beginner-friendly app
A clean, well-designed interface with a free virtual portfolio to practise on before using real money.
Smart Portfolios
Ready-made, themed portfolios (such as tech or clean energy) you can invest in with a single click, built and managed by eToro.
Pros and cons
What we love
4 pros- FCA-regulated (FRN 583263) with FSCS protection up to £85,000.
- Used by more than 40 million people worldwide.
- The most developed social and copy-trading tools of any major UK platform.
- Polished, beginner-friendly app with fractional shares.
Worth knowing
3 cons- Not always free: a $1 to $2 commission can apply on some stock trades, depending on the exchange, so it is not the cheapest option for frequent traders.
- If you trade US-listed shares or hold US dollars, a currency-conversion fee applies. Opening a GBP account avoids conversion on pound deposits, withdrawals and UK-listed assets.
- This welcome offer uses a general investing account, not a tax-free ISA, so any gains sit outside an ISA wrapper.
eToro is a strong, well-regulated platform with genuinely useful social features, and the tiered welcome offer is an easy way to pick up free shares for depositing money you can leave as cash. For claiming the bonus, it is a straightforward yes.
Go in clear-eyed on the costs, though. eToro can charge a small per-trade commission, and a currency-conversion fee applies when you trade US-listed shares or hold dollars, both of which can nibble at returns. There is also no ISA wrapper on this account. Our suggestion: grab the free shares, keep your deposit in for the 90 days, then decide whether eToro is a long-term fit or whether to move your money to a cheaper platform.
eToro FAQs
eToro earns from the spreads and overnight fees on leveraged trades, a $1 to $2 commission on some stock trades, currency-conversion fees when you move between pounds and dollars, a $5 withdrawal fee on US-dollar accounts, and interest on the cash balances customers hold. Quidsy earns a separate commission if you sign up through us, at no extra cost to you.
You need to deposit at least £500 to qualify, which pays £40 in free shares. The £1,000 tier pays £100, rising to £500 in free shares at the £10,000 tier. Rewards are paid as real US shares within about 7 days, and you must hold them for 90 days to keep them. Correct as of May 2026.
Yes. eToro is an investing platform, not a savings account, so your capital is at risk and the value of shares (including your free shares) can fall as well as rise. Crypto and leveraged trades carry higher risk again. FSCS protection covers eToro going bust, not money you lose on your investments.
Opening an account is free. A $1 to $2 commission can apply on some stock trades depending on the exchange. Currency conversion applies when you convert between pounds and dollars (around 1.5%, or 150 pips), for example to buy US-listed shares, though a GBP account avoids it on pound deposits, withdrawals and UK-listed shares. Withdrawals are free on a GBP account and $5 on a US-dollar account. Correct as of May 2026.
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