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8 Best eToro Alternatives for UK Traders

eToro is one of the most sought-after crypto trading platforms in the UK. However, it has various shortcomings, making investors flock to platforms that are better than eToro.

Since eToro is not inherently built for cryptocurrency activities, it offers limited crypto assets compared to its competitors. It also has fewer trading tools to streamline the trading experience for UK users. Conversely, eToro’s biggest competitors offer traders lower fees, better tools, and more assets. Most of these rival platforms provide tighter spreads, advanced charting features, or access to more markets, making them worth considering.

This article discusses eight of the best eToro alternatives in the UK. It compares key features, costs, and benefits to help traders choose the right platform.

8 Best Trading Platforms Similar to eToro in the UK

For UK users looking beyond eToro, several platforms provide strong security, diverse trading options, and unique features. Whether you’re interested in spot trading, derivatives, or passive income through staking, these alternatives cater to different trading styles:

  1. Uphold
  2. Bitget
  3. OKX
  4. WhiteBIT
  5. PrimeXBT
  6. Coinbase
  7. Kraken
  8. Bybit

Uphold

Uphold is not just a crypto exchange but a multi-asset trading platform supporting cryptocurrencies and commodities, much like eToro. One of its standout features is instant asset-to-asset conversion, allowing seamless swaps between various asset classes. The platform allows UK users to fund their accounts through bank transfers, debit cards, and even crypto deposits.

The exchange’s transparent fee structure makes cost estimation straightforward, and its staking services allow users to earn passive income. Unlike many competitors, Uphold provides unlimited withdrawals with no hidden fees. It also boasts a user-friendly mobile app, making trading on the go convenient.

Uphold offers a diverse selection of over 250 assets, making it a solid choice for those seeking variety and flexibility. Meanwhile, security is a priority, with the platform ensuring strong regulatory compliance and real-time proof of reserves.

Pros

  • No deposit and withdrawal fees.
  • Supports over 250 crypto assets.
  • Simple interface for beginners and experts.
  • Users can swap crypto, stocks, and metals directly.
  • Offers proof of reserves and two-factor authentication (2FA).

Cons

  • Lacks pro-level trading features.
  • Spread-based pricing can be costly.
  • Users report delays in customer service.

Fees and Minimal Deposit

Uphold charges 1.4% to 1.6% for Bitcoin and Ethereum trades, while other altcoins incur 1.9% to 2.95% fees. Crypto deposits are free, but withdrawal fees depend on the network.

Best for:

Multi-asset trading, including stocks, crypto, and precious metals.

Bitget

Bitget, widely recognized for its advanced derivatives trading and copy trading features, is one of eToro’s alternatives. It offers high-leverage futures contracts, making it appealing to experienced traders. Interestingly, UK users can engage in spot trading, margin trading, and automated strategies through AI-powered bots.

Meanwhile, the platform’s multi-layered security system includes cold storage for assets, proof of reserves, and anti-phishing protection. Furthermore, Bitget’s competitive fees and deep liquidity ensure efficient trade execution, even during high volatility. For those looking to replicate professional strategies, the copy trading feature allows beginners to follow top traders with a single click.

The platform also runs frequent promotional campaigns, offering bonuses and trading incentives. With an intuitive mobile app and a strong emphasis on security, Bitget is a reliable alternative for UK traders.

Pros

  • Uses cold storage and strict verification.
  • Strong derivatives platform with high liquidity.
  • User-friendly interface for beginners and pros.
  • Allows users to follow pro traders automatically.
  • Competitive rates with discounts for BGB holders.

Cons

  • Restricted in several countries due to compliance issues.
  • Lower liquidity for some altcoins compared to top exchanges.
  • Lacks some advanced trading tools found on larger platforms.

Fees and Minimal Deposit

Bitget charges a 0.1% spot trading fee, with 0.02% maker and 0.06% taker fees for futures. Crypto deposits are free, while withdrawal fees vary by asset and network conditions.

Best for:

Copy trading and futures trading with competitive fees.

OKX

OKX is a globally recognized exchange known for its deep liquidity and comprehensive suite of trading tools. The platform supports spot, futures, margin, and options trading and is suitable for beginners and professionals.

Some of OKX’s standout features are its Web3 Wallet and OKX Earn, which provide access to decentralized finance and earning opportunities. The Web3 Wallet connects users to DeFi applications, NFT marketplaces, and staking. Similarly, OKX Earn enables staking and lending for potential passive income opportunities.

Notably, UK users benefit from the platform's various deposit methods. They can deposit GBP into their OKX accounts via bank transfers and third-party providers.

The platform’s security framework includes multi-factor authentication and cold storage for enhanced asset protection. Real-time monitoring and anti-phishing measures also help safeguard user accounts from unauthorized access.

Pros

  • Offers futures, options, and margin trading.
  • Uses cold storage and multi-layer protection.
  • Supports a wide range of coins and trading pairs.
  • Competitive rates with discounts for OKB holders.

Cons

  • Faces restrictions in some countries.
  • Advanced tools may be complex to use.

Fees and Minimal Deposit

OKX charges a 0.08% maker fee and 0.10% taker fee for spot trading, with lower fees for high-volume users. Fiat deposit fees vary by method, while cryptocurrency deposits are free. Meanwhile, the minimum fiat deposit depends on the payment option.

Best for:

Advanced trading tools and deep liquidity.

WhiteBIT

WhiteBIT has gained traction for its strong security measures and easy-to-use interface. It offers spot and futures trading with leverage up to 20x, making it suitable for different risk preferences. Notably, UK users benefit from a fiat gateway that supports GBP deposits, making it easier to enter the crypto market.

Furthermore, WhiteBIT provides passive income opportunities through staking and savings programs with competitive interest rates. The platform has built a reputation for high-speed trade execution, ensuring minimal slippage during peak trading hours. Moreover, the exchange enforces strict KYC verification for enhanced compliance and security.

It is worth noting that a dedicated customer support team is available 24/7 and offers prompt assistance. Additionally, the WhiteBIT API enables automated trading strategies, making it suitable for retail and professional traders.

Pros

  • Complies with European laws.
  • Offers competitive trading fees.
  • Supports spot, futures, staking, and margin trading.
  • Allows deposits and withdrawals in traditional currencies.

Cons

  • Limited token selection.
  • Fewer features for pro traders.
  • Not available in some countries.

Fees and Minimal Deposit

WhiteBIT charges a 0.1% spot trading fee, 0.035% taker fee, and 0.01% maker fee for futures. Fiat deposits have varying fees, while the minimum GBP deposit is £10 via supported payment methods.

Best for:

Security-focused trading with strong regulatory compliance.

PrimeXBT

PrimeXBT is a multi-asset trading platform offering leveraged trading across cryptocurrencies, forex, and commodities. It provides up to 100x leverage on Bitcoin and select digital assets, appealing to traders seeking high-exposure opportunities.

Unlike many exchanges, PrimeXBT does not require extensive KYC verification, ensuring greater privacy for its users. Meanwhile, security remains a priority, with cold storage solutions and multi-signature protection for withdrawals. Moreover, the platform’s copy trading feature, Covesting, allows users to follow and replicate the strategies of top-performing traders.

PrimeXBT also offers a customizable interface with professional-grade charting tools. Notably, low trading fees and deep liquidity contribute to its growing popularity among derivatives traders. With a focus on high-speed execution and minimal downtime, PrimeXBT remains a strong alternative for those looking beyond traditional exchanges.

Pros

  • Advanced tools and a user-friendly interface.
  • Enables users to follow and copy experienced traders’ strategies.
  • Users can trade without mandatory identity verification, offering privacy.

Cons

  • No staking or lending options.
  • High leverage can amplify losses.
  • Only derivative contracts are available.

Fees and Minimal Deposit

PrimeXBT does not require a minimum deposit for crypto and charges a flat 0.05% trading fee, not separate maker/taker fees. Deposits are free, but withdrawal fees vary by cryptocurrency.

Best for:

Margin trading with crypto and traditional assets.

Coinbase

Coinbase is another eToro competitor allowing users to securely buy, sell, and store digital assets. It supports many cryptocurrencies, including Bitcoin, Ethereum, and Solana. The platform offers a user-friendly interface for beginners and advanced traders.

Coinbase provides staking, a secure wallet, and advanced trading options through Coinbase Advanced. The UK Financial Conduct Authority regulates it for crypto asset activities. Moreover, the exchange also complies with UK financial promotion regulations for legal operations.

Meanwhile, UK users can deposit and withdraw funds via Faster Payments and SEPA transfers. Coinbase’s security features include two-factor authentication and insurance against digital asset theft. It also uses cold storage to protect most user funds from online threats.

Pros

  • Coinbase has a simple and easy-to-use interface, making it beginner-friendly.
  • It supports a wide range of cryptocurrencies, including popular and emerging coins.
  • The platform allows users to stake cryptocurrencies and access advanced trading tools through Coinbase Advanced.
  • The platform is registered with the UK Financial Conduct Authority, ensuring regulatory compliance.

Cons

  • Coinbase charges higher fees than many other cryptocurrency exchanges.
  • Coinbase wallets are custodial, meaning users do not have complete control over their private keys.
  • The platform requires extensive identity verification, which some users may find intrusive.

Fees and Minimal Deposit

Coinbase charges up to 0.60% in trading fees, offers free GBP deposits and has a £1 withdrawal fee for UK bank transfers. There is no set minimum deposit for UK users.

Best for:

Beginners who want an easy way to buy, sell, and store cryptocurrencies.

Kraken

Kraken is another well-established exchange known for its strong security and transparent fee structure. It offers spot trading, futures, and margin trading with leverage up to 5x, appealing to traders of all experience levels. UK users can deposit GBP via bank transfer with low fees, making it an accessible option for fiat-to-crypto conversions.

Security is a top priority for Kraken, which offers features like two-factor authentication, encrypted data storage, and withdrawal whitelisting. The platform’s staking service also supports various assets, enabling users to earn passive income.

Additionally, Kraken provides futures trading with advanced order types, allowing experienced traders to implement sophisticated strategies. Its intuitive mobile app ensures a smooth trading experience, even for beginners. Meanwhile, Kraken’s strong regulatory compliance makes it a reliable choice for UK crypto enthusiasts.

Pros

  • The platform supports a wide range of cryptocurrencies.
  • Kraken uses strong security measures to protect user funds.
  • It offers advanced trading features like margin trading and futures for experienced users.

Cons

  • The account verification process can be lengthy for new users.
  • Beginners might find the interface and advanced features overwhelming.
  • Kraken supports fewer fiat currencies than some other exchanges.

Fees and Minimal Deposit

The minimum deposit is $10. Trading fees range from 0% to 0.4%, with lower fees for higher trading volumes.

Best for:

Regulatory compliance and fiat on/off ramps.

Bybit

Bybit is a derivatives exchange known for its high-speed trading engine and innovative risk management tools. Like eToro, its copy trading feature allows users to follow professional traders and replicate their strategies with minimal effort.

The exchange also supports spot and futures trading with leverage up to 100x, catering to traders who engage in high-risk strategies. UK users can access fiat gateways for GBP deposits, making it easier to fund their accounts. Bybit also provides staking and yield farming services, offering additional earning opportunities.

The 24/7 customer support team promptly assists with technical issues and account inquiries. Moreover, the exchange’s dual-price mechanism helps prevent market manipulation, ensuring fair trading conditions. By focusing on speed, security, and user experience, Bybit is a strong competitor in the derivatives market.

Pros

  • 24/7 customer support.
  • Competitive trading fees.
  • Strong security measures.
  • Advanced trading features.
  • High liquidity and fast execution.

Cons

  • High leverage increases risk.
  • Occasional technical glitches.
  • It can be complex for beginners.

Fees and Minimal Deposit

Bybit generally has no minimum deposit for cryptocurrencies, though some fiat deposit methods may have minimums. Trading fees are 0.1% for spot trading. Derivatives fees vary based on the contract type and market conditions. Deposits are free, but withdrawal fees depend on the cryptocurrency.

Best for:

Derivatives trading and high-leverage options.

Choosing the Best eToro Alternative: 4 Factors to Consider

If you’re looking for an alternative better than eToro in the UK, evaluating key factors is essential before choosing. Here are four crucial considerations to guide your choice:

Regulatory Compliance and Security

Ensure the exchange is regulated by the UK’s Financial Conduct Authority (FCA) or other reputable regulatory bodies. Compliance guarantees user protection, while security measures like two-factor authentication (2FA), cold storage, and insurance against hacks enhance safety.

Asset Variety and Market Offerings

Different exchanges provide varying selections of cryptocurrencies, stocks, and other assets. Consider platforms that offer a broad range of digital assets to match your trading preferences and diversify your portfolio.

Fee Structure and Trading Costs

Compare trading fees, withdrawal charges, and deposit costs across exchanges. Some platforms have lower spreads, while others offer commission-free trading. Transparent fee structures help avoid unexpected expenses.

User Experience and Trading Tools

A well-designed platform with an intuitive interface and mobile accessibility improves usability. Advanced trading tools like charting software, stop-loss orders, and copy trading enhance the trading experience. Choose an exchange that aligns with your skill level and trading style.

By evaluating these factors, you can select the best eToro’s top competitors in the UK that meet your needs.

FAQs

Which eToro Competitor is Considered the Most Secure in the UK?

Kraken is widely regarded as one of eToro’s biggest competitors in the UK. Its regulatory compliance and advanced security measures make it one of the most secure platforms. The platform is registered with the UK’s Financial Conduct Authority (FCA), ensuring adherence to local regulations.

Which alternatives to eToro are rated the highest?

Comparing eToro alternatives, Kraken, OKX, and Bitget rank among the highest rated in the UK. They are known for their popularity, regulatory compliance, security, and trading features. Overall, the best choice depends on user preferences, as each platform offers unique features to cater to different trading needs.

Which eToro Alternative Offers the Lowest Fees?

Bybit is one of eToro’s top competitors with the lowest fees. Unlike most platforms discussed in this article, which have fixed minimum deposit limits and high trading fees, Bybit offers no minimum deposit amount. It also provides an affordable 0.1% fee on spot trading. Additionally, deposits are free, while withdrawals come with flexible fees based on the crypto.

Conclusion

For UK users exploring an eToro alternative broker, these platforms offer diverse trading options, security features, and innovative tools. Whether you prefer spot trading, derivatives, or passive income strategies, each exchange provides unique advantages. By considering fees, liquidity, and security, traders can select the best platform for their needs.