If you're a user of the eToro platform in the United Kingdom, here are some information you need to know regarding engaging in trading of stocks, indices, commodities, cryptocurrencies and more, in this particular country.
The United Kingdom sets an income tax ranging from 0% to 45%. The following are as follows:
|eToro Profit||UK Income Tax|
|£1 to £12,500||0%|
|£1,501 to £50,000||20%|
|£50,001 to £150,000||40%|
If you're from the UK and are already interested to open an eToro account, you can easily do so by clicking the button below. This will redirect you to eToro's online registration page.
67% 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.
The United Kingdom imposes a 19% corporate tax. If you are a trader trading through a UK registered company, your corporate eToro account will have to pay a 19% tax.
The computation for the UK capital gains tax is as follows:
If you buy a stock on eToro for £5,000 and sold it for £10,000. This would indicate that you must pay tax on a gain of £5,000.
Please note: The UK sets a free tax allowance for a gain up to £12,300. Capital gains tax rates imposed on financial assets for the year 2021 and 2022 is set from 10% to 20%.
No. UK imposes a Capital Gains Tax on all trading activities done within the United Kingdom jurisdiction. Read the section above “eToro and UK Capital Gains Tax”.
As a UK-based investor using the eToro trading platform, you still need to follow UK tax regulations and laws. The tax for "Selling" stocks on eToro—as in most trading and other business activities done in the country—is called the "Capital Gains Tax".
You are exempt from paying any Capital Gains Tax if your profit ranges from £1 to £12,300. Any amount over £12,300 is subjected to the Capital Gains Tax.
Also take note:
Capital gains tax rates imposes on financial assets for the year 2021 and 2022 is set from 10% to 20%.
The eToro UK Ltd. office in the United Kingdom is located on the 24th floor, One Canada Square, Canary Wharf, London.
The phone for eToro UK office isn't listed online. For any concern, you may contact the eToro Customer Service or Live Chat support at this link: https://www.etoro.com/customer-service
The minimum deposit required for UK resident users of eToro is $50 with redeposits set at $50 as well. However, if you are making a deposit through a wire transfer, the minimum deposit is $500.
Making a deposit using the UK currency of GBP is not a problem as eToro will convert it to the USD currency with a small conversion fee.
The fees for UK residents is similar to almost every user from all over the world. When you trade CFDs, eToro will charge your account with an overnight fee every time you open a position after trading hours. If you keep a position open during the duration of the weekend, eToro will charge you for three nights or three overnight fees.
The overnight fees are calculated depending on the amount of leverage being utilized and it also depends on whether you are engaging in a buy or sell trade.
To cover expenses involved in making international money transfers, eToro charges a fixed withdrawal fee of $5 for any amount from the minimum withdrawal amount of $30. This rate also applies to traders based in the UK.
To make your eToro dashboard display the UK Pound currency instead of the default US Dollar, you need to set it in your profile settings. To do this just follow these simple steps:
To view the top performing and most followed stocks in the UK, you will only need to change a few settings on your eToro dashboard. Here are the simple steps:
To view and trade on the UK100 indices on your eToro dashboard, simply follow these steps:
To view the UK100 on the "Watchlist" section of your eToro dashboard simply follow these steps:
You will be taken to a page showing a feed of the latest updates on companies included in the UK100. There are menus for "Stats" and "Charts" as well as a "Trade" button taking you to a pop-up window to invest on the UK100.
The UK100 or the Financial Times Stock Exchange 100 (also known as the FTSE 100, the UK 100 Spot Index and the slang term "Footsie") is a FTSE-managed stock index comprising of the top 100 companies listed on the London Stock Exchange, based on market cap size.
If your eToro account becomes dormant, meaning you have not accessed your trading account for 6 years, eToro UK will send the money in your account to a charity that they support.
If you're ready to open an eToro account then just click this button and you'll be directed to the sign-up page. Accomplishing the online registration form will only take a few minutes to complete.
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. 67% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
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 utilizing publicly available non-entity specific information about eToro.