- UK and European users can now trade in local currency, with no conversion fees when investing in local stocks
- The new feature gives users more control when it comes to managing currency exposure
- GBP and EUR trading is the latest example of eToro offering a more localised experience for users
- eToro has recently topped its offering in Europe and the UK by adding hundreds of local assets across several exchanges
14 October 2024: Trading and investing platform eToro has enhanced its local offering for users in the UK and Europe by allowing them to trade in GBP or EUR, alongside USD.
eToro users can now fund trades directly from their balances within their GBP or EUR account, rather than having to convert to USD by default, saving money in conversion fees when investing in UK or EU-listed stocks. The new feature also allows users to adopt a more sophisticated strategy when it comes to currency, allowing them to better manage currency exposure.
eToro’s GBP and EUR accounts, which recently surpassed one million users, are available to eligible users in the UK and Europe, allowing them to deposit, hold, withdraw and fund trades in GBP or EUR, alongside USD.
Over the years, eToro has created a global product offering that is accessible to users from 75 countries and in 20 languages. Users around the world can trade and invest in companies listed on 20 of the world’s leading stock exchanges, and stay informed thanks to our extensive network of local analysts from across the globe. Introducing the ability to fund trades in EUR and GBP is part of a wider move to complement this global offering with a more localised investment experience for users in eToro’s key markets.
“As we continue strengthening our presence in Europe and the UK, we want to offer our users the best of both worlds. Access to our global product offering alongside a localised investment and money management experience. Introducing the possibility to invest directly in GBP and EUR marks a significant addition in our product offering. This isn’t just about adding another feature, it’s about fundamentally enhancing the way our users tailor their investment strategy by improving their domestic and international trading experience”, explains Doron Rosenblum, Executive Vice President, Business Solutions at eToro.
Earlier this month, eToro joined forces with Deutsche Boerse to add a further 290 German-listed stocks to the platform. This follows a collaboration with London Stock Exchange, announced in July, whereby eToro will add an additional 1,000 UK stocks to the platform. eToro also recently partnered with Dubai Financial Market to offer users access to ten of the leading companies listed on their exchange. The company also boosted its Danish stock offering and now offers more than 70% of all Denmark-listed companies to its users.
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Notes to editors
The option to invest in EUR or GBP, as well as USD, is only available to eToro users based in Europe and the UK. More information about this feature can be found here.
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About eToro
eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have over 38 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news.
Disclaimers:
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
All trades are executed in the eToro Investment Platform. GBP and EUR accounts are provided by eToro Money for the purpose of funding only
Other fees apply. For more information, visit etoro.com/trading/fees.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
eToro is authorised and regulated by the Financial Conduct Authority in the UK, in Cyprus by the Cyprus Securities and Exchange Commission, by the Australian Securities and Investments Commission in Australia and licensed by the Financial Services Authority in the Seychelles.
This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.
Regulation and Licence numbers
UK
eToro (UK) Ltd, is authorised and regulated by the Financial Conduct Authority (“FCA”). Firm Reference Number: 583263. Registered in England under Company No. 07973792
Europe
eToro (Europe) Ltd, is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under licence number 109/10. Registered in Cyprus under Company No. HE 200585.
eToro Money
GBP and EUR accounts are provided by eToro Money UK Ltd for UK clients and by eToro Money Malta Ltd for EU clients, who are authorised for the issuance of e-Money in the UK (FCA FRN 900926) and Malta (the MFSA) respectively.
eToro Money UK Limited (company registration number 07712717) registered address: Maclaren 3B, The Lancastrian Office Centre, Talbot Road, Manchester, M32 0FP. eToro Money UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 (FRN 900203) for the issuing of electronic money.
eToro Money Malta Limited (company registration number C97952) registered address: 52 St. Christopher Street, Valletta VLT 1462. eToro Money Malta Ltd is authorized & regulated by the Malta Financial Services Authority and licensed to operate as a Financial Institution under the 2nd and 3rd Schedule of the Financial Institutions Act (Ch. 376 of the Laws of Malta).