EToro vs. Robinhood: 2024 Comparison

EToro and Robinhood both offer crypto. But with free crypto trades and a larger investment selection, Robinhood may appeal to more investors.
Pamela de la Fuente
By Pamela de la Fuente 
Updated
Edited by Pamela de la Fuente

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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

$100; $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

Basic staking service for ADA and TRON.

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.

Robinhood
NerdWallet rating 
Learn More

on Robinhood's website

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.

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 Matching funds in IRAs may be taken back if money is withdrawn after less than five years.

Interest rate on uninvested cash

1.5% for free accounts, 5% for Gold accounts.

Tradable securities

• Stocks. • ETFs. • Options. • Cryptocurrency. • American Depositary Receipts for over 650 global companies. • Fractional shares. • Bonds only available in the form of bond ETFs.

Number of no-transaction-fee mutual funds

Not rated.

Trading platform

Robinhood's mobile and web platforms are known for their smooth sign-up, funding and trading processes. However, the constant pop-up notifications can be exhausting.

Mobile app

Mobile trading platform includes customizable alerts, news feed, advanced charting and ability to listen live to earnings calls for some companies.

Research and data

Access to professional research from Morningstar and Level II market data from the Nasdaq Stock Exchange (with Gold subscription).

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

24/7 chat support. Phone support available from 7:00 a.m. ET to 9:00 p.m. ET.

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NerdWallet rating 

4.8

/5
NerdWallet rating 

3.9

/5

Fees 

0% - 3.99%

varies by type of transaction; other fees may apply

Fees 

$0

per trade

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

Track your finances all in one place
Get started by signing up and linking an account.

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 judgments 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).

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

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Robinhood
NerdWallet rating 
Learn More

on Robinhood's website

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