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
$10; $200 to use eToro CopyTrader.
Trading and transaction fees
Stocks and ETFs: No commission
Number of cryptocurrencies
Crypto-to-crypto trading pairs
No crypto-to-crypto trading.
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.
Two highly rated apps for iOS and Android.
Email and ticket support; chat and phone support available for eToro Club members only.
» Read our full review of eToro
Robinhood is best for:
Individual taxable accounts and IRAs.
Robinhood at a glance
$0 for brokerage accounts, Robinhood Gold accounts and IRAs.
Stock trading costs
$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 Matching funds in IRAs may be taken back if money is withdrawn after less than five years.
• Stocks. • ETFs. • Options. (Not available in IRAs.) • Cryptocurrency. (Not available in IRAs.) • American Depositary Receipts for over 650 global companies. • Fractional shares.
18 coins in 48 states. (Not available in IRAs.)
Number of no-transaction-fee mutual funds
Web platform is simple but meets basic investor needs.
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.
0% - 3.99%
varies by type of transaction; other fees may apply
Get $200 in crypto
when you sign up. Terms Apply.
no promotion available at this time
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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