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eToro vs InvestEngine

eToro vs InvestEngine

Wondering which of these two investment platforms would be the best for your needs? I’ve compared all the elements of eToro vs InvestEngine, including cost, tools, investment options, and usability to reach my conclusion that eToro provides a better investment experience for most UK investors with both managed and DIY portfolio options on their multi-asset platform.

Is eToro better than InvestEngine?

Yes, I found eToro to be better than InvestEngine, especially for less experienced investors seeking to engage in copy trading and those seeking direct share dealing. There is also a lot to offer experienced investors looking to manage their own portfolio.

However, the competition was fierce and there is a lot to commend InvestEngine for including meagre costs, access to Vanguard funds, and excellent account options.  It is also worth noting that only InvestEngine offer access to a stocks and shares ISA in addition to the general investment account and this is at no additional cost.

Key takeaways

eToro has outperformed InvestEngine in the following areas:

  • Negative balance protection
  • Multi-currency trading account
  • Demo account
  • Low minimum deposit
  • Excellent selection of payment methods
  • Direct share dealing
  • Robust social and copy trading features
InvestEngine logo
Read ReviewRead Review

Overall Rating

Overall Rating:
Account opening:
Deposit and withdrawal:
Trading platform:
Markets and products:
Customer service:
Overall Rating:
Account Opening:
Customer Support:
Deposit & Withdrawal:
Trading platform:
Markets and Products:

eToro vs InvestEngine fees


Minimum DepositThe minimum amount required to open an account
£100 up front, £1 top ups
Minimum TradeThe minimum amount to trade or buy shares
ETFs FeeFee per ETF trade
0.25% managed portfolios
Investment Trusts FeeFee per investment trust trade
Junior S&S ISA FeeSubscription fee per month and the platform fee
Non Trading FeeFee for not trading in a period
$10 pcm after 1 year inactivity
Stocks & Shares ISA FeeSubscription fee per month and the platform fee
Telephone Dealing FeeFee for trading over the telephone
Withdrawal FeeFee for withdrawing funds from your account

Winner: Draw

If it’s a low-cost trading platform that you are looking for, then both these propositions are worthy of consideration. You will struggle to find better fees elsewhere, although it is worth taking into account that eToro have a $10 inactivity fee that kicks in after one year and a $5 withdrawal fee.

However, there are no dealing fees, platform fees, or account fees at either of these platforms.

The minimum investment for both platforms is $1, however, InvestEngine do require a minimum deposit of £100 compared to eToro’s minimum deposit of just $10.

eToro vs InvestEngine platforms and tools

Platforms & tools

Android AppAn Android app available in the Google Play store
Copy TradingOffers the ability to copy other traders portfolios
Demo AccountOffers a demo account
iPhone AppAn app available for download from the iOS app store
Islamic AccountDoes the platform offer a sharia compliant Islamic account
MetaTrader 4Offers the MetaTrader 4 trading platform solution
MetaTrader 5Offers the MetaTrader 5 trading platform solution
Social TradingOffers the ability to share your trades on social media
Stock AlertsAbility to set price alerts, volume alerts
Web PlatformOffers a web-based browser trading platform

Winner: eToro

It stands to reason that eToro would provide more tools as they offer individual share dealing whereas InvestEngine offer investment funds or a fully managed investment portfolio.

In addition, the copy trading facility at eToro is second to none in the UK, with a thriving community of investors providing insights into the market. For many investors, eToro’s provision of negative balance protection will also be a deciding factor.

eToro vs InvestEngine investments available

Investments available

Auto InvestingAbility to set auto-investing options, usually per month
CFD TradingOffers CFD trading
Corporate BondsOffers corporate bonds
CryptoAbility to buy and sell cryptocurrency: Availability subject to regulations
Ethical InvestmentsOffers ethical investment themed funds and ETFs
ETFsAbility to trade ETFs: Availability subject to regulations
ForexAble to trade Forex
Fractional SharesAble to buy fractional shares
FundsAble to buy funds
Government Bonds (Gilts)Able to buy government bonds and Gilts
Investment TrustsAble to buy investment trusts
Junior S&S ISAAble to buy a junior stocks and shares ISA
General Investment Account (GIA)Able to buy and sell shares
Spread BettingAble speculate on rising and falling of financial markets
Stocks & Shares ISAAble to buy a stocks and shares ISA

Winner: eToro

There is little doubt that the range of investments at eToro is more extensive than that of InvestEngine. CFDs, forex, stocks and cryptocurrencies are all instruments available at eToro whereas InvestEngine focus their efforts solely on exchange-traded funds (ETFs).

Certainly, this would be more appealing for people looking to choose their own investments, however, investors seeking a fully managed portfolio including an income portfolio and growth portfolio will only find this available at InvestEngine.

eToro vs InvestEngine research


Research - SharesHas share trading research available
Research - CFDsHas CFD research available
Research - FundsHas funds research available
Research - ETFsHas research available for ETFs
Research - BondsHas research available for bonds

Winner: eToro

Whilst InvestEngine do provide access to a decent level of information on the ETFs they provide including past performance, companies, indexes and key investor information, eToro outrank with their technical analysis and recommendations on stocks (albeit a little limited).

eToro also have their social trading network, where investors will exchange research materials and opinions on stocks.

eToro vs InvestEngine customer service

Customer service

PhoneMain phone number for customer services
Live chatHas live chat available
EmailMain email address for customer services
24/7 AvailabilityAvailable 24/7 for customer services
TrustPilot RatingThe TrustPilot rating of the platform
4.4 - 20,229 reviews
TwitterThe Twitter account for the platform

Winner: InvestEngine

Both these platforms offer customer service during office hours via a number of channels including live chat, email, and phone.

However, when reviewing the customer service at InvestEngine I was nothing short of impressed with the instant, informative and professional service I experienced. This was one of the best customer service offerings I have come across to date.

eToro vs InvestEngine education


Share Trading GuidesHas guides on share trading
Funds EducationHas guides on trading funds
Retirement EducationHas guides and education on retirement
PodcastsHas podcasts available
VideosHas videos on education available

Winner: eToro

It is safe to say that neither of these options are outstanding when it comes to education. However, whilst InvestEngine have a rather sparse help centre where you can find answers to some questions about ISAs and the use of their investment platform, eToro have provided a more comprehensive offering that includes news and analysis, and the eToro academy which includes guides, podcasts, webinars and videos.

This easily outshines the level of education on offer at InvestEngine.

What is the downside to eToro?

The non-trading fees at eToro are a consideration including the withdrawal fee and the inactivity fee. However, as an investor, you will know how much these will affect you.

The major downside for eToro is the lack of ISA or self-invested personal pension to protect your gains from Capital Gains Tax. This is a massive draw for InvestEngine who are one of the only platforms to offer an ISA completely free of charge.

FAQs about eToro vs InvestEngine

Is InvestEngine any good?

Yes, InvestEngine is very good for a number of reasons, not least due to its unbeatable price point including zero annual platform fee or exit fees which would please the most cost-conscious investor.

Is eToro trustworthy?

Yes, your funds are completely safe with eToro as they are covered by the Financial Services Compensation Scheme in addition to being authorised and regulated by the Financial Conduct Authority, which InvestEngine also have in place.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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