Is eToro safe for UK investors?

eToro offers users an excellent experience when it comes to online Is eToro safe for UK investors and investing, with a wide range of assets available, including stocks, ETFs, and cryptocurrencies. The company also offers a very good demo account to let you try out the platform without risking any of your real money. Moreover, it uses SSL encryption to secure its customer information and accounts, meaning that any data intercepted is transformed into an illegible combination of letters and numbers. In addition, you can activate two-factor authentication (2FA) on your account for an extra layer of security.

The eToro platform is regulated in the UK by the Financial Conduct Authority (FCA) and adheres to strict regulations regarding customer safety and protection. In addition, all funds are stored in segregated accounts, so in the unlikely event of the firm going bankrupt, you’ll still have access to your cash.

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However, the eToro platform doesn’t offer the same level of research and news on individual stocks as rival platforms such as Hargreaves Lansdown and Barclays. It does, however, have increased its offering of U.K. stock investment options this year, and it allows you to buy fractions of shares, which is useful for a strategy known as euro-cost averaging, whereby you invest a small amount on a regular basis rather than a large lump sum.

The eToro website features a very intuitive, user-friendly design and is easy to navigate. The app has real-time push notifications that let you know when you pay for something or transfer or withdraw money. In addition, if you use the eToro Card and something suspicious happens to it, you can freeze it from within the app.