The social trading provider etoro is known for its ‘CopyTrader’ feature that lets you replicate the portfolios of other traders, earning profits from their buy and sell decisions. This can be risky, though, as you cannot be sure that a trader’s long-term track record will be successful.

In addition to this, etoro has a number of other security measures in place. These include two-factor authentication, SSL encryption for all transactions and a fund segregation policy. In addition, etoro is regulated in the UK and is covered by the Financial Services Compensation Scheme in the event of insolvency, which gives peace of mind to investors.

The company charges different fees for the various types of financial instruments supported by the platform. For example, real stock trading is free from commission fees (markups, management and ticketing), while CFDs incur a spread fee that differs by instrument. Spread fees are calculated as the difference between a market’s bid and ask prices. This can be seen in your etoro account, as the BUY and SELL prices are displayed as a percentage of the current price. Read more theinvestorscentre.co.uk

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For UK residents, the main fee incurred is currency conversion fees on deposits and withdrawals. This is due to etoro only supporting USD and GBP, so any deposits or withdrawals from the site will be subject to these conversion rates. In addition, etoro charges a 1% fee on buying or selling crypto assets. This is incorporated into the price displayed on the platform and does not require any additional action from the trader.