[Finance] Etoro

Official Old Man

Uckfield Seagull

Aug 27, 2011

9,480

Brighton

• Mar 1, 2025

• #1

Seem to be advertising everywhere.
Anyone invested with them and made decent money, over 6% PA?
Thinking of putting a tester of £500 in just to try them.
I'm not into the stock market so this would be my first time.

 

Flounce

Well-known member

NSC Patron

Nov 15, 2006

5,709

• Mar 1, 2025

• #2

Never heard of them but a quick google on Trustpilot has 21% giving 1 star and stating how difficult it is to draw down money.

Barge and Pole spring to mind

 

beorhthelm

A. Virgo, Football Genius

Jul 21, 2003

36,288

• Mar 1, 2025

• #3

utterly insane how difficult it is to pull money out. i use it for leverage trades on US shares, otherwise wouldnt touch.

 

Beach Hut

Brighton Bhuna Boy

Jul 5, 2003

72,551

Living In a Box

• Mar 1, 2025

• #4

I would use a reputable investment company rather than an App

 

Official Old Man

Uckfield Seagull

Aug 27, 2011

9,480

Brighton

• Mar 1, 2025

• Thread starter
• #5

Sorted, not using them. Thanks for the quick advice.

 

SweatyMexican

Well-known member

Mar 31, 2013

4,248

• Mar 1, 2025

• #6

I’m not a financial advisor, but I would recommend perhaps staying away from apps like eToro.

Taking the time to do some research and understand what financial tools are ideal for you will be the best “investment” you can make.

 

Weststander

Well-known member

NSC Patron

Aug 25, 2011

71,458

Withdean area

• Mar 1, 2025

• #7

Telegraph’s assessment, last July.

 

deletebeepbeepbeep

Well-known member

May 12, 2009

22,256

• Mar 1, 2025

• #8

The go to recommendation for investing has been up until recently Vanguard, but they recently started charging £4 a month fee for those investing less than 32k. This article suggests the best place to go is now InvestEngine:

Vanguard price rise: what’s the impact and what are the alternatives?

Vanguard have dramatically hiked fees for their DIY investment customers. Find out how bad the rise is and what you're options are.

monevator.com

 

dazzer6666

Well-known member

NSC Patron

Mar 27, 2013

57,325

Burgess Hill

• Mar 1, 2025

• #9

Don’t do a lot of crypto buy play around a little bit and use EToro. Never had any problems. As for ‘making money’, that’s down to what investment choices you make rather than which app you use………..

 

North of Robertsbridge

Well-known member

Sep 22, 2023

371

East Sussex

• Mar 1, 2025

• #10

deletebeepbeepbeep said:

The go to recommendation for investing has been up until recently Vanguard, but they recently started charging £4 a month fee for those investing less than 32k. This article suggests the best place to go is now InvestEngine:

Vanguard price rise: what’s the impact and what are the alternatives?

Vanguard have dramatically hiked fees for their DIY investment customers. Find out how bad the rise is and what you're options are.

monevator.com

Click to expand...

You can still invest in the Vanguard Lifestrategy funds through low-cost platforms like iWeb (online, but owned by Halifax so hopefully reputable) and they are waiving their £100 setup fee to attract refugees from Vanguard (like my daughter)

 

Weststander

Well-known member

NSC Patron

Aug 25, 2011

71,458

Withdean area

• Mar 1, 2025

• #11

Interactive Investor and AJ Bell consistently top the best/cheapest no advice platforms to use for investing. The choice between the two often depends on the size of the portfolio.