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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
![]() | ![]() | |
| Finder Score | 9Excellent | 10Excellent |
| Customer satisfaction survey | ★★★★★ | ★★★★★ |
| Stocks and shares ISA available? | ||
| Price per trade | £0 | £0 |
| Foreign exchange fees | 0.75% | 0.15% |
| UK - London Stock Exchange (LSE) | ||
| US - New York Stock Exchange (NYSE) | ||
| US - NASDAQ | ||
| Desktop or web access | ||
| Keep in mind | Capital at risk. 61% of retail CFD accounts lose money | Capital at risk. 77% of retail CFD accounts lose money |
| Go to Site | Go to Site |
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 2025/2026 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
![]() | ![]() | |
| Finder Score | 9Excellent | |
| Customer satisfaction survey | ★★★★★ | ★★★★★ |
| Stocks and shares ISA available? | ||
| Price per trade | £0 | |
| Foreign exchange fees | 0.75% | 0.25% |
| UK - London Stock Exchange (LSE) | ||
| US - New York Stock Exchange (NYSE) | ||
| US - NASDAQ | ||
| Desktop or web access | ||
| Keep in mind | Capital at risk. 61% of retail CFD accounts lose money | Capital at risk |
| Go to Site |
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
![]() | ![]() | |
| Finder Score | 9Excellent | 9.1Excellent |
| Customer satisfaction survey | ★★★★★ | ★★★★★ |
| Stocks and shares ISA available? | ||
| Price per trade | £0 | £0 |
| Foreign exchange fees | 0.75% | 0.99% |
| UK - London Stock Exchange (LSE) | ||
| US - New York Stock Exchange (NYSE) | ||
| US - NASDAQ | ||
| Desktop or web access | ||
| Keep in mind | Capital at risk. 61% of retail CFD accounts lose money | Capital at risk |
| Go to Site | Go to Site |
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.
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