Does eToro Trade in GBP?

Written by Mike Druttman

Reviewed by Nadav Zelver

Yes. If you're in the UK or Europe, eToro gives you the option to trade in GBP.

Here’s what that actually looks like and how it all works:

GBP Account Setup

eToro lets eligible users in the UK and EEA open a GBP (or EUR) wallet.

This means you can deposit, hold, trade, and withdraw in pounds without touching USD unless you need to.

How It Works

Inside your dashboard, you can toggle between your GBP account and your default USD trading account.

If you're trading GBP-denominated assets, no conversion happens. Your GBP funds are used as-is.

If you're trading USD or other currencies, eToro converts just the amount needed using standard FX rates (no inflated spreads).

Why Bother with GBP?

A few good reasons:

• No FX charges on GBP deposits, trades, or withdrawals
• Cleaner currency management if you’re juggling both USD and GBP
• Bank-friendly: if your local bank uses GBP, it’s just easier

Any Fees?

You won’t pay conversion fees when using GBP for GBP assets or transfers.

But trading other currencies? That triggers standard FX charges (spread-based, applied in pips).

Also, withdrawals come with a flat fee, currently around $5 (roughly £3.90).

What to Do Next

• Check eligibility: Only UK and EEA users get GBP accounts
• Enable it in your Wallet and fund using GBP
• Keep both balances active so you can manage trades and exposure across currencies
• Focus on GBP assets to skip unnecessary conversions

If you're in the UK, switching to a GBP account can cut costs and make managing funds a whole lot easier. Simple setup, fewer FX fees, and trades that work with your currency and not against it.