eToro Money is Now Available in the UK

eToro, a leading social trading provider, has announced the launch of eToro Money, a whole new way to manage funds, in the UK.

According to the official press release, eToro Money seamlessly connects to users' eToro investment account allowing them to instantly deposit and withdraw funds. Moreover, they can store and manage fiat and cryptocurrency funds in a single account.

An eToro Money VISA debit card will be available free of charge (no setup costs or monthly fees) for all UK members of eToro's Club program. This VISA debit card enables users to instantly access their funds and spend anywhere, anytime whilst receiving highly competitive exchange rates across the globe.

Non-Club members will have access to an eToro Money sort code and personal account number to enable them to send and receive funds to the eToro platform and any UK bank account. Deposits made in this way are not charged a conversion fee to USD, saving users money when adding funds to their eToro investment account.

To promote the launch of the debit card, eToro Money is offering 3% cashback on all purchases made using the eToro Money card during the month of December.

"I'm proud and excited that eToro Money is now available to all of our UK users. We know from our beta testing that eToro Money greatly improves our user experience providing instant cash-in and cash-out. We look forward to adding more features to the eToro offering and to expanding the user base beyond the UK," commented Doron Rosenblum, Vice President of Business Solutions at eToro.

Recently, eToro has reduced the minimum trade size​ for stocks, crypto and ETFs to $10. The broker states that the change aims to make its investment platform more accessible and user-friendly.