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Transfer Out eToro Cash ISA
Hi everyone, hoping for some advice.
I recently opened an eToro Cash ISA, but I'm not entirely happy with it. I know it is linked to a QMMF (Qualifying Money Market Fund), but the value has actually dropped over the past few days.
If the interest was paid monthly, I probably wouldn't notice the daily volatility, but because it updates daily, it looks more like a S&S ISA with constant fluctuations.
I want to transfer out to Moneybox or Leeds BS, but neither seems to list eToro as an option in their transfer lists.
Has anyone successfully transferred out of eToro? Do I need to use Moneyfarm are the are linked to eToro?
Comments
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If the ISA provider is not on the list, you would need fill in an ISA transfer form from, for example, Leeds BS and send it back to Leeds BS to start the transfer.
I believe the ISA is managed by Moneyfarm according to eToro.
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