eToro, the social trading-focused online broker, has enhanced its services for users in the UK and Europe by introducing the ability to trade in GBP and EUR, in addition to USD. This new feature allows users to directly fund their trades from their GBP or EUR accounts, eliminating the need to convert to USD and saving on conversion fees when investing in UK or EU-listed stocks.
The added functionality also enables users to better manage their currency exposure, offering them a more sophisticated approach to trading. This update comes as eToro’s GBP and EUR accounts, now used by over one million clients, offer eligible UK and European users the ability to deposit, hold, withdraw, and fund trades in their local currency alongside USD.
This local currency trading option is available exclusively to eToro users based in the UK and Europe. In the UK, GBP accounts are provided by eToro Money UK Ltd, while in Europe, EUR accounts are managed by eToro Money Malta Ltd, both regulated for e-Money issuance by the Financial Conduct Authority (FCA) and the Malta Financial Services Authority (MFSA), respectively.
eToro has established a global platform accessible to users from 75 countries and in 20 languages, enabling them to trade and invest in companies listed on 20 of the world’s major stock exchanges. The introduction of GBP and EUR trading options is part of eToro’s ongoing effort to enhance the local investment experience within its key markets, complementing its broad global offering.
