Does eToro Offer Free Shares - in the UK? (2025 Update)
Quick Answer: Does eToro Offer Free Shares in the UK?
As of 2025, eToro does not offer a referral bonus or free shares to UK users. The program was paused due to FCA regulations. Competitors like Trading 212 and IG still provide sign-up rewards, but eToro may relaunch incentives later.
Did eToro Ever Offer a Referral Bonus in the UK?
Yes — eToro previously offered £50–£100 referral bonuses to both parties when a new user signed up, deposited funds, and made a trade. It was discontinued due to FCA rules restricting incentive-based promotions to protect retail investors from high-risk sign-up encouragement.
Are Referral Bonuses Still Active in Other Countries?
Yes — in some countries outside the UK, eToro continues to offer referral bonuses. These typically reward both the inviter and invitee once qualifying actions are completed. Availability depends on local regulations, especially in Europe, Asia, and Australia.
How Does eToro’s Policy Compare Globally?
eToro’s referral program is region-specific. Some international users still receive free stock offers, while UK and US users face tighter restrictions. The policy is updated periodically, so it’s worth checking your local eToro terms for any active promotions.
Which UK Brokers Do Offer Free Shares?
Trading 212
Trading 212 offers a popular refer-a-friend bonus, typically worth £1 to £20 in fractional shares. Bonuses are credited instantly once the invitee deposits funds. This program is available to most UK users and is frequently promoted on social platforms.
Trading 212 – Free Trades, Easy Start
Use code ‘TIC’ to get a free share worth up to £100
Pros & Cons
- £0 commission on stocks and ETFs*
- Intuitive mobile and web platform
- Fractional shares available
- ISA support
- No inactivity or withdrawal fees
- Limited research tools
- No advanced charting or order types
- No access to bonds or mutual funds
*Other fees may apply. See terms and fees.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
IG
IG offers a referral bonus in the form of cash or commission-free trades. It targets experienced and active traders rather than casual investors. To qualify, users must complete certain trading volume requirements — but the program remains available to UK clients.
IG – Pro-Grade Tools, Broad Markets
Pros & Cons
- Access to 18,000+ markets
- Advanced tools like ProRealTime
- ISA and SIPP available
- Strong FCA regulation
- £12/month inactivity fee
- Higher fees for infrequent traders
- May overwhelm beginners
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Will eToro UK Reintroduce a Referral Program?
With rising competition from UK brokers like Trading 212 and IG, eToro may reintroduce referral incentives to attract and retain users. If FCA policies ease or are clarified, eToro could relaunch the program to stay competitive.
Final Thoughts
Currently, eToro UK does not offer free shares or referral bonuses. However, with market pressure and evolving regulations, that may change soon. If you’re keen on incentives, alternatives like Trading 212 remain attractive — but keep checking eToro’s official updates.
Trade Smarter, not Harder
- Copy Trading
- Competitive Fees
- Multi-Asset Platform
61% of retail CFD accounts lose money when trading CFD’s with this provider.
FAQs
Does eToro offer free stocks or shares in the UK?
Not at the moment. eToro UK users can’t claim free share bonuses or referral incentives currently. Other brokers do offer them.
Why doesn’t eToro have a referral program anymore?
Due to FCA regulations, eToro paused its UK referral program to comply with rules around financial promotions and incentives.
Are referral bonuses allowed under FCA rules?
FCA restrictions limit bonus offers to reduce misleading sign-up incentives. Brokers can apply if the offer meets strict transparency and fairness standards.
What’s the best UK broker for free shares right now?
Trading 212 and IG currently offer competitive referral bonuses and free share promotions to eligible UK clients.
