When you invest money, your capital is at risk. Investments can go down as well as up in value, so you could get back less than you put in. A rule of thumb is to hang on to your investments for at least five years to give them the best chance of providing the returns you are hoping for.
Below, we compare two of the best commission-free trading apps in the UK - eToro and Stake.
eToro is a multi-asset brokerage that provides access to over 2,000 stocks, cryptocurrencies, CFDs and other instruments, whereas Stake is a digital commission-free brokerage app that gives you direct access to the US stock market and allows you to invest in over 4,500 US stocks and ETFs, commission-free. Both platforms do not offer ISA or SIPP.
Use the tabs below to learn more about the similarities and differences between eToro and Stake.
eToro is a multi-asset trading platform that helps make traditional money management more accessible to the average person.
As a social trading platform, eToro offers users a unique trading experience which allows you to follow the financial activity of other top users and copy their investment choices in real-time.
The platform currently provides 15+ million users in over 140 countries easy access to more than 2,500 products, a host of engaging features and a collaborative trading community.
eToro users can access over 2,000 stocks, cryptocurrencies, CFDs, commodities and copyPortfolios, as well as copy trading. eToro does not offer ISA or SIPP.
Note: Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Visit eToro to learn more.
Please note: as with all investments, your capital is at risk.
With eToro, you can gain access to a variety of trading opportunities, including:
eToro Stocks - 0% commission
Visit eToro to learn more about commission-free stocks. Please note that 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Visit eToro to learn more about CFDs. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Visit eToro to learn more about trading crypto. Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro’s CopyPortfolio allows users to follow the financial activity of other top users and copy their investment choices in real-time. There are three CopyPortfolios to choose from:
Visit eToro to learn more about CopyPortfolios. CopyPortfolios is a product that may include CFDs. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro boasts one of the largest social trading communities in the world, enabling over 15+ million users worldwide to share their thoughts, experiences and knowledge of trading and financial markets with one another.
eToro’s most popular feature CopyTrader is excellent for beginners or those who simply don’t have time to watch the markets frequently. It allows users to automatically copy top-performing traders, with the option to fine-tune their needs by stopping or pausing the copy, or adding and removing funds at any time. Users can choose up to 100 traders to copy simultaneously.
eToro News Feed
eToro’s News Feed works as a personalised social network feed to keep traders connected. You can follow your favourite traders, financial events and interact with members of the eToro community.
Popular Investor Program
If you qualify for eToro’s Popular Investment Program, you can build your own investment business and receive up to 2% of Assets Under Management (AUM) when copied by users. To qualify, you must be a responsible trader with low-risk scores and a minimum investment track record.
eToro Demo Account
All registered eToro users receive a US$100,000 demo account for free, which gives you the chance to practice your investment strategies before investing real money. The account helps broaden your understanding of how the markets work, and gives you the opportunity to see how your investments would perform in real-time. This feature is great for beginners who may be reluctant to invest larger amounts right away.
To keep its users informed on the markets, eToro offers daily blog content and notifications about the current state of the markets.
Visit eToro to learn more. Please remember that 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
When you sign up with eToro, you’ll gain access to over 2,000 stocks, most major cryptocurrencies, CFDs, CopyPortfolios and copy trading. The process involves a quick and straightforward online form, followed by a short questionnaire to gauge your level of experience and to tailor the platform to your investment needs.
You’ll need to deposit a minimum amount of US$10 to get started with eToro. Once you make your first deposit, you can start investing in stocks, ETFs, crypto and other instruments.
You can also practice with eToro’s virtual demo account or copy other traders or investors based on their gain, success and risk scores.
Signing up with eToro and accessing a US$100,000 demo account is free, but a minimum deposit of US$10 is required to start investing.
Here are the key eToro fees and charges:
Currency conversion (FX) fee: 0.5% on every deposit.
Withdrawal fee: US$5 for every withdrawal.
The minimum withdrawal amount is US$30. Long (BUY), non-leveraged stock and ETF positions are not executed as CFDs and do not incur commission (they do incur conversion and withdrawal fees).
Inactivity fee: US$10 every month after an inactivity period of a year.
Visit eToro’s website to learn more. Please remember that 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro users don’t pay any annual platform fees. After depositing a minimum amount of US$10 to start trading with eToro, you can then choose how much you want to invest into the platform according to your spending preferences. Please note that withdrawals incur a fee of US$5, and FX rates apply to non USD deposits and withdrawals.
With a variety of unique instruments and trading tools on offer, along with knowledge from the eToro community, the platform is suitable for various users ranging from beginners to more experienced traders.
eToro's CopyPortfolios is a particularly good feature for beginners as it allows you to copy the investment choices of top users on the platform in real-time.
eToro’s low minimum deposits, investment variety and fractional shares make it a great choice for those just starting out in their investment journeys.
With eToto, your money is protected by the Financial Services Compensation Scheme (FSCS) up to a maximum of £85,000.
This means you can get your money back if eToro were to go bust. Note that the FSCS does not cover losses arising from the performance of any of your investments.
Yes, eToro is authorised and regulated by the Financial Conduct Authority (FCA). Have a look at their permissions on the FCA Register.
Yes. Please visit eToro to learn more.
Visit eToro’s website here.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
Past performance is not an indication of future results.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilising publicly available non-entity specific information about eToro.
Stake is an Australian-born digital brokerage platform that has recently moved into the UK market. It allows you to invest in over 4,500 US stocks and ETFs, commission-free.
Stake believes that opportunity shouldn’t be determined by where you live. Its core mission is to provide the broadest and most direct access to the US stock market for those who live outside of the US, thus allowing you to invest in over 4,500 US stocks and ETFs, commission-free.
It uses advanced technology to deliver a sophisticated and seamless service, offering a straightforward user experience for investing basics, along with some of its more sophisticated features. These include analyst ratings and the option to trade on unsettled funds as part of the Stake Black subscription package.
At present, Stake is an app-only service for UK residents.
Click here to learn more about Stake.
To get started with Stake, you simply choose your preferred brokerage pack (Stake or Stake Black) and begin investing.
Here's a breakdown of how Stake works:
Commission Free Trading
Advanced Order Types
Real-Time US Market Data
Visit Stake to learn more.
With Stake, you can buy and sell securities in fractional amounts using market and stop orders. When buying fractional shares, you can set the dollar amount you’d like to purchase, whereas selling involves setting the number of shares you’d like to sell.
Fractional shares adhere to the NBBO rules of the US market, so you’ll get the best price in the market at the time.
Track and Review Investments
Get complete visibility of trades, dividends, and more with Stake’s activity ticker. Monitor the recent trade and cash movements in your account, review each transaction in detail and get access to your trade confirmations.
With Stake, you can also download a series of reports for a full review of your investment activity. These include all financial transactions in your brokerage account, all orders, open positions and resting order, and monthly account statements for an overall view of your monthly investment activity.
To get started with Stake, you simply choose your preferred brokerage pack (Stake or Stake Black) and begin investing.
When you download the app and complete a short onboarding form, you can start transferring funds from your bank account through Stake’s secure Open Banking integration.
When making a deposit, your money will be converted into US dollars, and all of your trading will be handled in US dollars. This means you won’t have to pay FX fees on any of your trades, but you will pay to convert it. Once you’ve added your funds, you can start investing.
Funding your account for the first time on Stake will get you free Stock of Nike, GoPro or Dropbox, but you’ll need to add your funds within 24 hours of it opening. Please note that there is a minimum fund amount of US$50 to get started.
It’s free to download the app and use Stake for its core features. Stake charges a 0.5% (US$2 minimum) FX fee on deposits and withdrawals. No FX fees are charged on trades.
There are two accounts to choose from:
Stake Black (US$9/month)
Other Stake fees you should know about:
US trading fees:
There may be a small number of US trading and administrative fees to pay when investing with Stake. You can read more about this on Stake’s website.
Currency exchange fee:
Although you are not charged foreign exchange fees on your trades, you’ll incur a 0.5% foreign exchange fee when converting your money from USD to GBP.
If you want to deposit money at a faster rate, you’ll pay a 0.5% express funding fee.
Stake’s basic service is free to use and offers access to all assets on the platform, along with unlimited commission-free trades, advanced order types and fractional trading.
Users can choose to upgrade to Stake Black for more sophisticated trading features such as analyst ratings and price targets, at a cost of US$9 per month.
It’s important to note that Stake has a minimum investment amount of US$50 for either of these accounts, and a 0.5% FX fee on deposits and withdrawals.
Stake's free service offers beginners a good starting place to navigate the stock market through investing essentials such as Limit, Market and Stop Orders, along with the option to buy fractional shares.
For the more advanced investor, Stake's premium service, 'Stake Black', allows for a range of additional features, including pricing targets, analyst ratings and access to pro-level data. You'll have the freedom to choose your preferred Stake package based on your own investing experience.
Stake UK offers its customers Financial Services Compensation Scheme (FSCS) protection, which means that your assets are protected up to £85,000 per person. This means you can get your money back if Stake were to go bust.
Keep in mind that the FSCS does not cover losses arising from the performance of any of your investments.
Stake’s partnership with members of the US-led Securities Investor Protection Corporation (SIPC) also offers up to US$500,000 protection, US$250k of which are for investments, and a further US$250k for cash.
Yes, Stake is authorised and regulated by the Financial Conduct Authority (FCA). Have a look at their permissions on the FCA Register.
Yes, Stakes offers a free stock to both new and existing customers who successfully refer new customers.
New customers must fund their account (£50 min funding value) within 24hrs of opening the account to receive a free stock worth up to US$150 in value.
Visit Stake’s website here.
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