eToro

Who they are

eToro was founded in Tel Aviv in 2007, initially as a forex trading platform, before expanding into stocks, CFDs, and cryptocurrency. It pioneered copy trading, a feature that lets users automatically replicate the strategies of top-performing investors. The UK subsidiary, eToro UK Ltd, was authorised to provide services here in 2013. The company completed a Nasdaq IPO in May 2025, with an initial valuation of $4.3 billion.

For UK savers, eToro is something of an unusual entry in the ISA market. It is primarily known as a trading and investment platform, but it has moved into the savings space with a Cash ISA and a suite of stocks and shares products. The Cash ISA itself is delivered through a partnership with Moneyfarm. The product on DepositScout is the DIY Stocks and Shares ISA, which is a different beast entirely - so it is worth being clear about what you are actually looking at before diving in.

The DIY Stocks and Shares ISA

The product listed here is eToro's DIY Stocks and Shares ISA, not a cash savings account. With the DIY ISA, you pick your own investments, choosing from over 1,000 stocks, ETFs, bonds, and mutual funds. There is no fixed interest rate - returns depend entirely on how your chosen investments perform. Capital is at risk, and you could get back less than you put in.

The minimum deposit is £500, and there is a current cashback offer worth noting: you can earn up to £10,000 cashback when depositing at least £500 or transferring at least £15,000. Terms apply, so read the small print carefully before assuming you will qualify for the top end of that offer.

Your funds are held in segregated accounts with MFM Investment Ltd (Moneyfarm), which is covered by FSCS with protection of up to £85,000. This is investment-style FSCS protection, not deposit protection. It covers you if the firm fails and there is a shortfall in assets held for you - it does not cover investment losses caused by market movements.

A note on the platform

eToro has one of the best mobile app experiences of brokers tested in the UK. The platform is app-based and fully digital. There is no phone support, which is worth factoring in if you prefer being able to speak to someone when something goes wrong.

eToro has among the lowest fees of most brokers - it is free to open and hold an account, with no management fees or custody charges and no trading charges when buying or selling most investments. That said, the DIY ISA does carry some platform costs, so it is worth checking the full fee schedule on eToro's website before opening an account.

One practical note: eToro's primary business is trading, including CFDs, crypto, and leveraged products. When signing up, make sure you navigate specifically to the ISA section. The platform can try to route new users toward its trading products, which are a different proposition altogether.

Is it right for you?

The DIY Stocks and Shares ISA suits savers who are ready to take a hands-on approach to investing within a tax-efficient wrapper and are comfortable that their money is at risk. If you want a straightforward cash savings account with a guaranteed rate, eToro's Cash ISA (listed separately) or a traditional easy access account would be a better fit.

The £85,000 FSCS protection limit is also something to keep in mind for larger balances - only money held in a bank, building society, or credit union on the FSCS list is covered by savings protection up to £120,000. As an investment account, the DIY ISA sits under the lower limit.

The cashback offer is genuinely eye-catching, but the returns on a Stocks and Shares ISA will ultimately be driven by the investments you choose, not the headline bonus.

As always, check the live figures and current terms shown on this page before making any decisions - rates, offers, and conditions can change.