If you’re an avid trader looking to make use of your ISA allowance, eToro might be worth considering. The platform is a great option for new investors due to its user-friendly design, as well as its competitive fees and features. The company also offers a wide range of instruments, including stocks, ETFs, currencies, and cryptocurrencies.Find out :theinvestorscentre.co.uk

eToro also has the advantage of offering fractional shares, which can be useful for building a diversified portfolio with limited capital. Additionally, the site allows users to make use of CFD trading (Contracts for Difference), which can provide higher returns with a lower risk than regular shares.

eToro ISA: A Complete Guide for UK Investors

However, it’s important to note that eToro doesn’t offer the full range of ISA products. For instance, it only allows you to invest in UK stocks. Its main rival, Robinhood, is a US-based stock trading platform with a UK arm that offers a more expansive market and asset type selection.

However, eToro has recently expanded its offerings by partnering with Moneyfarm, an online investment manager that manages ISAs for UK residents. This allows eToro to offer potential tax-free growth and a streamlined experience. The eToro ISA with Moneyfarm is available to all verified eToro Club members, who receive the benefit of an exclusive club tier. Moneyfarm assesses your initial investment amount, goals, and risk tolerance to create a personalized and diversified portfolio for you. Your money is at risk, as the value of your Moneyfarm investments can go down as well as up and you may get back less than you invest.