EToro vs. Robinhood: 2022 Comparison

EToro and Robinhood both offer crypto. But with free crypto trades and a larger investment selection, Robinhood may appeal to more investors.
Mar 15, 2022

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If you're looking to trade crypto, you may be interested in eToro and Robinhood.

EToro became popular in part because it features social trading, which allows users to copy the trades of other investors. Originally, eToro only let U.S. investors trade crypto, but in 2022, it started offering U.S. customers access to stocks and exchange-traded funds. EToro also offers access to more cryptocurrencies than some other crypto brokerages.

Robinhood gives investors access to more tradable securities: stocks, ETFs and options, in addition to crypto. It also offers access to hundreds of foreign companies via American Depository Receipts. The discount broker offers fewer cryptocurrencies than eToro, but it lets investors trade crypto for free.

Here are more details on how eToro and Robinhood stack up against each other:

EToro is best for:

  • Cryptocurrency, stock and ETF traders.

  • Social or copy trading.

EToro at a glance

Minimum trade

$10; $200 to use eToro CopyTrader.

Trading and transaction fees

Crypto: 1%

Stocks and ETFs: No commission

Number of cryptocurrencies

More than 30.

Crypto-to-crypto trading pairs

No crypto-to-crypto trading, but U.S. customers can convert five cryptocurrencies: Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Stellar.

Website transparency

Information easily found on the website.

Can use your own digital wallet?

Yes, but crypto transferred from the platform can't be transferred back.

Mobile app

Two highly rated apps for iOS and Android.

Customer service

Email and ticket support; chat and phone support available for eToro Club members only.

» Read our full review of eToro

Robinhood
NerdWallet rating 

on Robinhood's website

Robinhood is best for:

  • Mobile users.

  • Individual taxable accounts.

  • Margin accounts.

Robinhood at a glance

Account minimum

$0 for brokerage account and for Robinhood Gold account.

Stock trading costs

$0.

Options trades

$0.

Account fees (annual, transfer, closing, inactivity)

No annual, inactivity or ACH transfer fees. $75 ACAT outgoing transfer fee. (Robinhood Gold costs $5 a month.)

Tradable securities

• Stocks.

• ETFs.

• Options.

• Cryptocurrency.

• American Depositary Receipts for over 650 global companies.

• Fractional shares.

Crypto availability

7 coins in 48 states.

Number of no-transaction-fee mutual funds

Not rated.

Trading platform

Web platform is purposely simple but meets basic investor needs.

Mobile app

Mobile trading platform includes customizable alerts, news feed, candlestick charts and ability to listen live to earnings calls.

Research and data

News available from WSJ Markets, Reuters, Barron's, CNBC Business and Cheddar. Gold members have access to research from Morningstar, Nasdaq, Nasdaq Totalview level II Market Data for an additional $5 per month.

Customer support options (includes how easy it is to find key details on the website)

Email, social media, in-app request-to-call service 24/7.

Want to compare more crypto platforms? View our list of the best crypto platforms and apps.

Methodology

How do we review brokers?

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.

For more details about the categories considered when rating brokers and our process, read our full methodology.

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