Alternatives to eToro | Apps and competitors to eToro

Looking for an alternative to eToro? Take a look at these similar platforms.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51%-80% of retail investor accounts lose money when trading CFDs. 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 a really popular trading platform here in the UK. It lets you invest in a huge range of stocks on some of the largest stock exchanges, including UK shares, US shares and European shares. eToro isn’t for everyone, though — so if you’re looking for a different provider, we’ve compared the features and fees to find some eToro alternatives.

Trading 212: a close alternative

eToro Free StocksTrading212
Finder score★★★★★★★★★★
Customer satisfaction survey★★★★★★★★★★
FSCS protected?
Stocks and shares ISA available?
Standard trading fee£0.00£0
Foreign exchange fees1.5%0.15%
UK - London Stock Exchange
US - New York Stock Exchange
US - NASDAQ
App
Desktop or web access
Keep in mindCapital at risk. 51% of retail CFD accounts lose moneyCapital at risk. 78% of retail CFD accounts lose money
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More Info
More Info

Trading 212 is easily eToro’s closest alternative. It’s very similar to eToro, as it covers off most of the same stock exchanges and lets you trade them commission free. With Trading 212, you’re able to use your individual savings account (ISA) allowance. You get an allowance each year, up to which you can invest without paying any tax on your profits. The allowance for the 2024/2025 tax year is £20,000.

Trading 212’s also got a lower minimum deposit than eToro (you can start with just £1). Its educational tools are definitely better than eToro’s.

A huge downside of Trading 212 at the moment is that it’s got a waitlist for new sign-ups, so if you’re not willing to wait, you’ll have to find a different alternative.

You can check out our full review of Trading 212 if you want to know more.

DEGIRO: an alternative with similar tools

eToro Free StocksDegiro
Finder score★★★★★★★★★★
Customer satisfaction survey★★★★★★★★★★
FSCS protected?
Stocks and shares ISA available?
Standard trading fee£0.00£1.75
Foreign exchange fees1.5%0.25%
UK - London Stock Exchange
US - New York Stock Exchange
US - NASDAQ
App
Desktop or web access
Keep in mindCapital at risk. 51% of retail CFD accounts lose moneyCapital at risk
Go to site
More Info
More Info

Despite not being a commission free trading platform, DEGIRO is a great alternative to eToro. It’s not free, but it does have some really competitive fees. The minimum deposit is lower with DEGIRO than eToro, requiring you to top up just £1 into the account. DEGIRO’s also got better educational tools than eToro, despite not having a demo account to use.

We have a full DEGIRO review if you want to learn more about its features and fees.

Freetrade: a good alternative for beginners

eToro Free StocksFreetrade
Finder score★★★★★★★★★★
Customer satisfaction survey★★★★★★★★★★
FSCS protected?
Stocks and shares ISA available?
Standard trading fee£0.00£0
Foreign exchange fees1.5%0.59%
UK - London Stock Exchange
US - New York Stock Exchange
US - NASDAQ
App
Desktop or web access
Keep in mindCapital at risk. 51% of retail CFD accounts lose moneyCapital at risk
Go to site
More Info
More Info

If you’re a beginner, you might prefer a provider like Freetrade. This app-only platform is really easy to use and has a broad range of shares available to trade commission free. It has a similar foreign exchange fee to eToro, but less jargon and graphs that are easier to read.

For £3 per month, you can invest in an ISA with Freetrade, and you can also pay more for additional features and a broader spectrum of shares.

Experienced or advanced investors may find Freetrade to be a little basic, but beginners will find that it’s really easy to make their first trade.

Check out our full review of Freetrade to find out more, including the features available and more information about its fee structure.

Bottom line

eToro is a very popular investment provider, but it can be a little confusing for beginner investors. If you’re trying to find an alternative to eToro, we think DEGIRO, Freetrade and Trading 212 are some good ones.

If you’re still looking for an alternative, you could use our comparison table, which lets you choose features that are important to you to help narrow down your choices.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Zoe Stabler DipFA's headshot
Senior writer

Zoe was a senior writer at Finder specialising in investment and banking, and during this time, she joined the Women in FinTech Powerlist 2022. She is currently a senior money writer at Be Clever With Your Cash. Zoe has a BA in English literature and a Diploma for Financial Advisers. She has several years of experience in writing about all things personal finance. Zoe has a particular love for spreadsheets, having also worked as a management accountant. In her spare time, you’ll find Zoe skating at her local ice rink. See full bio

Zoe's expertise
Zoe has written 176 Finder guides across topics including:
  • Share dealing
  • Reviews and comparisons of trading platforms
  • Robo-advisors
  • Pensions
  • Banking

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