EToro vs. Robinhood: 2023 Comparison
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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 | 25 |
Crypto-to-crypto trading pairs | No crypto-to-crypto trading. |
Website transparency | Information easily found on the website. |
Storage and security | Users can use their own digital wallet, but crypto transferred from the platform can't be transferred back. |
Staking and rewards | EToro does not offer staking. |
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 is best for:
Mobile users.
Individual taxable accounts and IRAs.
Margin accounts.
Robinhood at a glance
Account minimum | $0 for brokerage accounts, Robinhood Gold accounts and IRAs. |
Stock trading costs | $0. |
Options trades | $0. Options not currently available in IRAs. |
Account fees (annual, transfer, closing, inactivity) | No annual, inactivity or ACH transfer fees. $100 ACAT outgoing transfer fee. (Robinhood Gold costs $5 a month.). Matching funds in IRAs may be taken back if money is withdrawn after less than five years. |
Tradable securities | • Stocks. • ETFs. • Options. (Not available in IRAs.) • Cryptocurrency. (Not available in IRAs.) • American Depositary Receipts for over 650 global companies. • Fractional shares. |
Crypto availability | 18 coins in 48 states. (Not available in IRAs.) |
Number of no-transaction-fee mutual funds | Not rated. |
Trading platform | Web platform is simple but meets basic investor needs. |
Mobile app | Mobile trading platform includes customizable alerts, news feed, advanced charting and ability to listen live to earnings calls. |
Research and data | News available from Benzinga, Reuters, Bloomberg and WSJ. Gold members have access to research from Morningstar, Nasdaq, Nasdaq Totalview level II Market Data for an additional $5 per month. Portfolio recommendations available for IRAs for no additional charge. |
Customer support options (includes how easy it is to find key details on the website) | Email, social media, chat, in-app request-to-call service 24/7. |
NerdWallet rating 5.0 /5 | NerdWallet rating 3.6 /5 | NerdWallet rating 3.9 /5 |
Fees 0% - 3.99% varies by type of transaction; other fees may apply | Fees $0 per trade | Fees $0 per trade |
Account minimum $0 | Account minimum $0 | Account minimum $0 |
Promotion Get $200 in crypto when you sign up. Terms Apply. | Promotion None no promotion available at this time | Promotion None no promotion available at this time |
» Read our full review of Robinhood
Want to compare more crypto platforms? View our list of the best crypto platforms and apps.
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