etoro is well-known for its social trading platform which makes it easy for anyone to make money by letting them trade and copy other people’s investments. You can make money on etoro by investing in stocks and cryptocurrencies, buying index-tracking ETFs or shorting the market with CFDs (contracts for difference). Buying and selling shares or other investments through etoro will carry risk and you may lose some or all of your initial capital. Unless you are an expert trader or you invest a large amount of your capital into the ETFs offered on etoro’s platform, it is very unlikely that you will make any significant returns in the short term.

Currently etoro doesn’t offer its own Stocks and Shares etoro isa, but they have partnered with Moneyfarm, a digital wealth manager to help their UK customers open an ISA through them. This partnership means you can initiate the ISA application process directly through etoro and they will connect you seamlessly with Moneyfarm to complete your ISA set up. Then you can manage your ISA alongside your standard etoro investment portfolio through the same platform.

Exploring the eToro ISA: Benefits and Features

If you want to open a ISA with etoro it’s worth checking their website for the latest information on how to do this as they might update their processes or instructions over time. Alternatively you can also apply for a stocks and shares ISA with your regular broker or one of the many robo-advisors. They typically charge lower management fees than traditional stockbrokers but they may have a limited investment selection.

Written by warnertv