Can I open an ISA on etoro?

What is an ISA?

An Individual Savings Account (ISA) is a UK government-backed scheme that allows UK residents to deposit up to £20,000 per tax year and benefit from tax-free returns.

There are several types of ISAs, with different investment options, levels of control, and fee structures. UK residents can open more than one type and split the annual deposit limit among them.

How do ISAs work on etoro?

etoro offers ISAs powered by Moneyfarm, an automated wealth management platform.

To open an ISA on etoro, or transfer an existing ISA to etoro, you must:

• be a UK resident
• have a verified etoro account

SelectISA from the sidebar menu to start setting up your ISA. If you've already opened one, this will take you straight to your ISA dashboard.

The Moneyfarm-powered ISA dashboard acts as the hub where you can deposit, withdraw, transfer between ISAs, and trade (in a Stocks and Shares ISA).

What kind of ISAs can I open on etoro?

We offer 3 different ISA types. Click on the ISA type to jump to the relevant section.

• Cash ISA
• Stocks and Shares ISA
• Managed ISA

Cash ISA

A Cash ISA is a tax-free savings account that earns interest on your money. It is low-risk, as your capital is invested in qualifying money market funds (QMMFs) rather than equities.

With the etoro Cash ISA powered by Moneyfarm:

• Interest starts accruing the next working day after funds clear
• The interest rate is variable

To see the specific interest rate you are receiving on your Cash ISA, you can follow these steps:

1. Navigate to your ISA dashboard.
2. Select Cash ISA.
3. Click on the Interest breakdown tab.

This section displays the total interest rate applied to your deposit, which includes the standard variable rate and any bonus interest you may be receiving.

For more information, visit our Cash ISA page.

Stocks and Shares ISA

A Stocks and Shares ISA allows you to decide what you invest in. You can choose from UK and US-listed stocks, and UK-listed ETFs, bonds and mutual funds, with all returns protected from tax.

With the etoro Stocks and Shares ISA powered by Moneyfarm, bear in mind:

• CFD and crypto investments are not permitted
• Only whole shares can be purchased
• Setting stop loss and take profit orders is not supported

You pay a yearly fee for the custody of the ISA, as well as a fee for each trade. Visit our Stocks and Shares ISA page for more information.

Managed ISA

A Managed ISA is fundamentally a Stocks and Shares ISA, but your portfolio is managed on your behalf.

When setting up a Managed ISA, Moneyfarm will ask you a few questions in order to create a customised and diversified portfolio based on your initial investment amount, goals, risk tolerance, and time horizon.

There are tiered management fees based on investment amount, which are detailed on our Managed ISA page.

Important notes:

• The minimum initial deposit across all ISAs is £500
• You can qualify for promotional offers on each of the ISA types.
• The value of your ISAs is not displayed in your portfolio value, but does contribute to your etoro Club tier balance.

If you have questions regarding your ISA, please contact Moneyfarm.