eToro, the trading and investing platform, has expanded its Stocks & Shares ISA offering for UK clients by launching a new DIY ISA powered by Moneyfarm, the European digital wealth manager.
The new DIY ISA will allow UK-based clients to build and manage their own investment portfolio within a tax-free ISA wrapper. Users can choose from over 1,000 assets including UK-listed stocks as well as ETFs, mutual funds and bonds with global exposure.
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The DIY ISA adds to the managed ISA already available on the eToro platform, which is also powered by Moneyfarm, allowing users to choose between the two or use both depending on their investment needs. Both ISAs allow users to work towards their goals with a dedicated Moneyfarm expert. Clients are also able to transfer existing ISAs to their eToro ISA, which will be handled by Moneyfarm at no cost.
Existing eToro clients who open an ISA (DIY or managed) and invest at least £1,000 between 4 February and 30 April 2025 are eligible to receive 2% cashback on everything they invest, up to a maximum cashback value of £5,000. The offer runs until the end of April, meaning that clients can take advantage of two years’ annual ISA allowance.
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Dan Moczulski, Managing Director of eToro UK said: “As the most tax-efficient investment vehicle in the UK with an annual allowance of up to £20,000, ISAs are an essential tool for investors, especially with the capital gains tax allowance now limited to just £3,000.
“While eToro is a global platform, we are constantly tailoring and localising our products to meet the specific needs of clients. With the introduction of our new DIY ISA alongside our existing managed ISA, we’re giving UK investors the flexibility to choose the approach that best suits their goals. Whether they want to hand-pick stocks or opt for expertly managed funds, customers can easily access both options through our app and invest tax-free easily.”
Fabio Zampaglione, Chief Commercial Officer at Moneyfarm said: “The launch of the eToro DIY ISA is a continuation of our collaboration with them. Our commitment to evolving our B2B2C solutions remains a key area of growth for Moneyfarm. We are dedicated to delivering exceptional value to our clients and look forward to the continued success of our partnership with eToro.”
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Source: etoro
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