eToro did not grab the top spot, as even though the average spread prices are competitive with many other brokers, it is still relatively high when compared to Fortrade and FXCM. eToro’s spread prices vary depending on trading times and country of the trader. The high spreads can make it more difficult for beginners to earn consistent and large enough profits. However, we believe this negative to be somewhat mitigated by the ability to see what professional traders are trading, and what they are avoiding, and to copy everything at the click of a button. It does not get more accessible to new traders than eToro.
Overall, we have ranked eToro as a top broker for UK clients in 2020, competing at the highest level for its state-of-the-art platform and phenomenal copy trading tool. To read our full review of eToro, click here.