eToro Upgrade: Trade In EUR And GBP With New Account Options

Contributor Image
Written By
Contributor Image
Written By
James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
Updated

eToro has rolled out EUR accounts and GBP accounts to provide a more localized trading experience while minimizing fees.

Previously, you had to convert your local currency into US dollars to trade British and European equities, leading to additional conversion charges.

Key Takeaways

  • Alongside USD, you can now open a GBP and EUR eToro account to deposit and trade in the currency that suits you best.
  • You can manage your currency exposure by trading GBP and EUR-based assets without paying FX fees.
  • eToro has also expanded its investment offering with over 1,000 fresh UK stocks and 290 German stocks.

The new feature is part of eToro’s strategy to provide a trading experience optimized for local needs, and frankly, it’s been a long time coming.

Until now, eToro has been one of the few large brokers that only offer trading accounts based in USD, so this move was needed.

eToro now offering trading on local UK assets through GBP account

About eToro

eToro is one of the industry’s biggest names, winning over 35 million users from more than 100 countries since it launched in 2007.

Traders have been attracted by the intuitive web platform, mobile app and popular social investment network, that brings together traders at every level.

Users can deal in a growing selection of 6,000+ instruments, from currencies, stocks, indices and ETFs to higher-risk cryptocurrencies.

eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 51% of retail accounts lose money.
51% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.