eToro Review (2026) – Fees, ISA Features & Pros and Cons
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What is eToro?
eToro is a globally recognised social investment platform founded in Israel in 2007, now serving over 30 million users worldwide. It is best known for pioneering social and copy trading — features that allow investors to follow and automatically replicate the portfolios of experienced traders — but it also offers a straightforward Stocks & Shares ISA for UK investors.
For UK ISA investors, eToro offers 0% commission on stocks and ETFs with no annual platform fee. The platform provides access to UK and US stocks, ETFs, and a selection of investment portfolios (called Smart Portfolios) that bundle assets around specific themes or strategies.
eToro is particularly suited to investors who want to combine traditional ISA investing with the social element of seeing what other investors are buying. Its CopyTrader feature lets you allocate a portion of your ISA to automatically mirror the trades of top-performing investors on the platform.
Capital at risk. Investments can go up as well as down. We may earn a commission.
Pros and Cons
- 0% commission on stocks and ETFs
- 0% platform fee on the ISA
- Unique CopyTrader — mirror experienced investors automatically
- Social feed to see what top investors are buying
- Smart Portfolios for themed investment strategies
- FCA authorised and FSCS protected
- Well-designed mobile app
- Fractional shares available
- £50 minimum deposit — higher than Trading 212
- FX fee of 1.5% on non-USD transactions
- Withdrawal fee of $5 per withdrawal
- Platform can feel complex with social features
- Investment range smaller than traditional full-service brokers
- Copy trading past performance does not guarantee future results
eToro ISA Features
What is a Stocks & Shares ISA?
A Stocks & Shares ISA is a tax-efficient investment account available to UK residents aged 18 and over. You can invest up to £20,000 per tax year and pay no Income Tax on dividends or Capital Gains Tax on profits — making it one of the most powerful tools for long-term wealth building in the UK.
eToro's Stocks & Shares ISA offers 0% commission and 0% platform fees, putting it in the same tier as Trading 212 for cost-conscious investors. You can invest up to £20,000 per tax year across UK stocks, US stocks, and ETFs — all within the tax-efficient ISA wrapper.
The unique element of eToro's ISA is the ability to use CopyTrader within it — allocating a portion of your ISA to automatically follow the trading activity of vetted top investors. This is a genuinely distinctive feature that no other ISA platform offers, though it is important to understand that copying other investors carries the same risks as any other investment.
eToro Platform Fees
Fees are one of the most important factors when choosing an ISA platform. Over long periods, even small differences in fees can have a significant impact on your investment returns. Here is a full breakdown of what eToro charges.
| Fee Type | Cost | Notes |
|---|---|---|
| Platform Fee | 0% | No annual platform charge |
| Trading Commission | 0% | Free on stocks and ETFs |
| FX Fee | 1.5% | On non-USD denominated assets |
| Withdrawal Fee | $5 per withdrawal | Fixed fee on all withdrawals |
| Inactivity Fee | $10/month | After 12 months of inactivity |
| Deposit Fee | Free | Bank transfer and card |
Available Investments
eToro gives UK investors access to a range of investment types within its Stocks & Shares ISA. Below are the main asset classes available on the platform.
Platform Security & Regulation
Security and regulation are critical factors when choosing where to invest your money. Here is how eToro protects your investments.
FCA Regulated
The platform is authorised and regulated by the Financial Conduct Authority (FCA), the UK's financial regulator. This means it must meet strict standards for how it handles client money and treats customers.
FSCS Protected
Your investments are protected up to £85,000 per person under the Financial Services Compensation Scheme (FSCS) if the platform were to fail. Note this does not protect against investment losses — only platform failure.
Two-Factor Authentication
Accounts can be secured with two-factor authentication (2FA), adding an extra layer of protection beyond your password.
Client Money Segregation
Your money is held separately from the platform's own funds in ring-fenced client accounts, meaning it cannot be used by the company for its own purposes.
Ease of Use
eToro has a modern, well-designed interface that blends social media features with investment tools. For investors who want a traditional ISA experience, the news feed and social features can initially feel distracting — but they can be largely ignored if you prefer a more conventional approach.
The CopyTrader feature is genuinely easy to use. You can browse investor profiles ranked by return, risk score, and number of copiers, then allocate a specific amount from your ISA to copy their activity. The minimum copy amount is £200.
The mobile app is slick and well-designed, supporting the full platform functionality including CopyTrader, Smart Portfolios, and portfolio tracking. It is well-rated on both the App Store and Google Play.
How to Open a eToro ISA Account
Opening a Stocks & Shares ISA with eToro is straightforward and typically takes around 10 to 15 minutes.
Visit the Website
Go to the platform website and click 'Get Started' or 'Open Account'. You will need to provide your email address and choose a strong password.
Verify Your Email
Check your inbox for a verification email and click the link to confirm your address and activate your account.
Complete Identity Verification
As an FCA-regulated platform, you will need to verify your identity with a valid photo ID (passport or driving licence) and proof of address.
Select a Stocks & Shares ISA
During setup, choose to open a Stocks & Shares ISA. You can only hold one Stocks & Shares ISA per tax year across all providers.
Deposit Funds
Transfer funds from your UK bank account. Most platforms support bank transfer — some also accept debit card deposits.
Choose Your Investments
Browse available stocks, ETFs, or funds and make your first investment. If you are new to investing, consider starting with a low-cost index fund or ETF.
Monitor Your Portfolio
Use the platform's app or website to track your portfolio, set up regular contributions, and review your investments over time.
Capital at risk. Investments can go down as well as up. InvestCompareUK may earn a commission.
ISA Tax Benefits Explained
One of the biggest advantages of investing through a Stocks & Shares ISA is the tax efficiency it provides. In the UK, investments held outside an ISA are subject to Capital Gains Tax (CGT) on profits above the annual allowance of £3,000, and Income Tax on dividends above the £500 dividend allowance. Inside an ISA, both of these taxes are completely eliminated — no matter how much your investments grow.
For long-term investors, this can make a substantial difference over time. For example, an investor who generates £5,000 in gains outside an ISA would pay up to £480 in Capital Gains Tax (at 18% basic rate). Inside an ISA, that same gain is entirely tax-free. The ISA allowance resets every tax year on 6 April, and any unused allowance cannot be carried forward.
Final Verdict
eToro — InvestCompareUK Rating: 8.5 / 10
Reviewed March 2026 · Based on fees, investments, usability & FCA regulationeToro offers a genuinely distinctive ISA experience with its CopyTrader feature alongside competitive 0% fees. For investors who are curious about social investing and want to learn from experienced traders while keeping their money in a tax-efficient ISA wrapper, it is an interesting option.
The $5 withdrawal fee and 1.5% FX fee are worth being aware of — particularly the FX fee if you plan to invest heavily in US stocks. For simple UK-focused portfolios, these costs are less of an issue.
Compare eToro with all other ISA platforms in our full ISA platform comparison.
Capital at risk. Investments can go down as well as up. InvestCompareUK may earn a commission if you open an account via our link.