eToro - Get £75 in free shares when you deposit £200

eToro has launched a boosted welcome offer for new customers via MoneySavingExpert. Open a new eToro account, verify your details and make a first deposit of at least £200 to receive £75 worth of shares. Your £200 deposit must remain in your eToro account for at least 12 months to qualify.

How to claim this offer

1. Sign up to eToro using the MoneySavingExpert promotional link.
2. Complete the registration process and fully verify your eToro account.
3. Choose the qualifying stock you'd like to receive as your welcome bonus when prompted. The available stocks can vary.
4. Make your first deposit of at least £200. Only your first deposit counts towards the promotion, so it's important that it's £200 or more.
5. Keep the £200 in your eToro account for at least 12 months.

Claim the eToro £75 offer

Note: You must be a new eToro customer. You won't qualify if you already have an eToro account or closed one within the previous 30 days.

Once you've met the requirements, eToro says your £75 welcome bonus is expected to be added within 7 days of depositing £200+, although it can sometimes take longer.

Important: your money is tied up for 12 months

This isn't a quick £75 offer where you can deposit £200 and immediately withdraw it.

The terms state that the qualifying deposit must remain in your eToro account for a minimum of 12 months. The £75 welcome bonus also can't be withdrawn for at least 12 months from the date it's awarded.

That means we'd only recommend doing this if you're comfortable leaving the money with eToro for a year.

What do you actually get?

For UK customers, the promotion gives you £75 worth of qualifying stocks after making a qualifying £200+ first deposit. This isn't £75 cash paid directly into your bank account.

You'll choose from a list of stocks provided by eToro during registration. The selection can change and may depend on availability and regulatory restrictions.

eToro also states that fees may mean the amount of stock ultimately received is slightly below the headline £75 value.

Who can claim the eToro £75 offer?

You need to:

• Be a new eToro customer
• Open your account through the promotion
• Fully verify your account
• Make a first deposit of £200+
• Keep the qualifying deposit in your account for at least 12 months
• Comply with eToro's promotion terms

Someone who previously had an eToro account must have closed it more than 30 days ago to potentially qualify.

Is the eToro £75 offer worth it?

On the face of it, it's a very generous welcome offer.

You're getting £75 worth of shares for depositing £200, equivalent to a headline bonus of 37.5% of your qualifying deposit.

The catch is the 12-month holding requirement. You shouldn't put £200 into this offer if you're likely to need that money during the next year.

Remember that investments can rise and fall in value, so the value of shares you receive may be worth more or less by the time you're able to sell them.