etoro has more than 30 million users around the world and is a pioneer in social trading. Its platform allows investors and traders to copy the trades of other users, which helps to reduce risk and potentially increase profits. It also offers a range of tools to help with investment decisions such as market news and analysis, and it provides access to 5,000 instruments across markets including currencies (forex), stocks, commodities, cryptocurrencies and exchange-traded funds. Source theinvestorscentre.co.uk

It is also possible to trade with a CFD (contract for difference), where you can speculate on whether the price of an asset will rise or fall, but it’s important to understand the risks involved before you start trading. etoro has a good level of education on its website and provides webinars and seminars to help with this. It also offers a free account that lets you practice with $100,000 of virtual money and access live customer support.

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The platform is easy to use and is designed with beginners in mind, with a simple, clean interface and a number of features to help make the process as straightforward as possible. It is fully regulated in the UK by the Financial Conduct Authority and has passed checks for anti-money laundering and countering the financing of terrorism.

It has a range of advanced features that more experienced traders may appreciate, such as the ability to trade both prices up and down and leverage trading, where you can invest with more money than you have in your account. However, it doesn’t offer ISA or SIPP wrappers for UK investors and this could be an issue for some.