eToro, Trading Apps UK - Best For 0% Commission

Trading apps UK do have many kinds and diverse features. Many trading applications also provide attractive offers that make beginner traders feel attracted.

However, there are one trading apps UK that offers 0% commission on their platform. The app is eToro.

In general, eToro company is a social trading broker that has been established in 2007. eToro is not listed on any stock exchange, does not disclose its yearly report on the site, and does not have a holding bank. However, you don't need to worry because this company is safe and has been regulated in several countries.

eToro was once voted the best broker for cryptocurrencies and social trading based on an in-depth analysis of 57 other online brokers, but you need to consider whether you want to trade CFDs on this platform because it has been reported that as many as 75% of small investors have lost their money while using the services of this company.

As one of the trading apps UK, eToro does not charge a deposit fee and to make a deposit you can do so by bank transfer, credit and debit card, PayPal, Skrill, Neteller, and WebMoney. On bank transfers, it usually takes between 4 to 7 working days and there is no maximum deposit amount.

However, if the deposit is made via credit/debit card and e-Wallet the deposit process will take place very quickly. There is a maximum limit of $40,000 when depositing via credit card/debit, and e-Wallet is the same, the process is fast but has a maximum limit of $10,000 or $20,000.

On withdrawals on eToro, the platform charges a fee of $5. Not only that, but eToro also gives a minimum of 50$ withdrawn funds. In general, the withdrawal process from an eToro account usually takes 2 working days.

Then, eToro also offers a trading website platform with a fairly interesting and modern design and has a score of 4.4 out of 5 stars it gets, and not only that eToro has also been equipped with many languages that can be accessed by many traders. Although it has become one of the trading apps UK, eToro has a shortcoming in its website platform, namely the limited ability to customize the charts and workspace.

So, how does eToro work?

EToro works primarily as a broker on CFDs and Forex, but you'll still be able to trade with stocks, ETFs, and a variety of real cryptocurrencies. eToro has become popular due to the availability of its social trading features that allow you to follow and copy portfolios of other traders who are trading with eToro.