eToro Review UK | Money Mentor

This eToro Review UK is based on my own experience of actually using the platform for many years, as opposed to some reviews online where it is clear the.writers haven’t a clue what eToro is or what it can do.

Furthermore, not only do I use the platform to buy shares on eToro, I am also a member of the eToro copy trading community and a Popular investor with my own UK based portfolio, followers and copy traders.

Therefore, the following eToro review will be fact based from a UK user’s perspective, and will hopefully provide you with the necessary information required before you consider .

What is eToro:

eToro UK has a combination of services and features that other basic stockbrokers or investment platforms don’t have. For example, as well as being a stockbroker with over 2,700 stocks and shares to choose from, they also have an extensive selection of FX currencies, cryptocurrencies, ETFs, commodities and indices available through its innovative platform and Mobile app.

It also specialises in being a social investing community whereby customers can copy other peoples portfolios, known as copyportfolios, or they can select a pre made smart portfolio if they don’t want to do the research themselves.

There is also an eToro club where users who have at least $5,000 (£4,166) in their accounts can join, which grants access to some investment guidance, and even free access to subscription services like the FT or Wall Street Journal.

Who owns eToro:
eToro was founded by Yoni Assia, an Israeli born visionary with a strong interest in finance and computer science. It is still privately owned with a number of different investors from Israeli, US and China.

Is eToro safe:
From the UK’s perspective, eToro is regulated by the Financial Conduct Authority (FCA). This currently means that up to £85,000 of your money is protected from certain events such as the collapse of eToro themselves. It is important to note that this does not apply to investment losses or bad investment decisions.

Being a global business, eToro is also licenced by the following:

•Cyprus Securities and Exchange Commission
•Markets in Financial Instruments Directive
•Australian Securities and Investments Commission

The eToro platform also secures customers’ personal information using SSL encryption — an internet security protocol that encrypts data before it’s transmitted between computers.

eToro Login:
To increase security, they have also recently added a two-factor authentication system for eToro login requests, this means you’ll need to enter a verification code sent to your mobile phone via SMS to access your account on some occasions.

From personal experience it seems that you need to do this every 4-5 days or whenever you haven’t been logged on for a while which is fair enough.

eToro Review UK Summary:

With over 20 million users worldwide and one of the largest social trading communities online, eToro are clearly doing something right.

I personally think that one of the key attractions to the etoro platform is the ability to trade unlimited UK stocks and shares both commission free and stamp duty tax free, which can really make a huge difference with transactional costs being removed.

Furthermore, the copytrader and popular investor features also draw a crowd from users who simply want to copy somebody else’s experience, and from those who fancy themselves as being a bit of a fund manager and aim to become popular investors themselves, or at least these features encouraged me to sign up!

I hope you found this eToro review UK useful and are now able to decide if you want to .

eToro Disclaimer :

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

phone: 07934 036768
Email: info@money-mentor.co.uk
https://www.pinterest.co.uk/pbellamy438/_created/
https://www.facebook.com/TheMoneyMentorGroup
https://twitter.com/themoney_mentor
https://www.youtube.com/channel/UCZHFUD3ZO4_8ZcMOAHk9hZQ

0

0