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 for crypto, stocks and ETFs. $200 to use eToro CopyTrader. |
Trading and transaction fees | Crypto: 1% Stocks, options and ETFs: No commission or options contract fees. |
Number of cryptocurrencies | 3 |
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 | Not offered. |
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-first investors.
- IRA investors.
- Margin traders.
Robinhood at a glance
Account minimum | $0 for brokerage accounts, Robinhood Gold accounts and IRAs. |
Stock trading costs | $0. |
Options trades | $0 for equity options. $0.50 for index options, or $0.35 for Gold accounts. |
Account fees (annual, transfer, closing, inactivity) | No annual or inactivity fees. $100 ACAT outgoing transfer fee. Robinhood Gold costs $5 a month or $50 per year. Matching funds in IRAs may be taken back if money is withdrawn in less than five years. Instant withdrawals cost 1.75% of the amount withdrawn, with a minimum fee of $1 and a maximum of $150. |
Interest rate on uninvested cash | 0.01% for free accounts, 3.35% for Gold accounts |
Tradable securities | Stocks, ETFs, Options, Cryptocurrency, American Depositary Receipts for over 650 global companies, Futures, Fractional shares. Bonds only available in the form of bond ETFs. |
Number of no-transaction-fee mutual funds | Not rated; no mutual funds. |
Trading platform | Robinhood's mobile and web platforms are known for their smooth sign-up, funding and trading processes. The broker now also offers a desktop platform, Robinhood Legend. |
Mobile app | Mobile trading platform includes customizable alerts, news feed, advanced charting and ability to listen live to earnings calls for some companies. Reviews are mostly positive, although the average star rating on both iOS and Android is below the 4.5 star line. |
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, Monday - Friday. Decent suite of educational articles and webinar events, and an easily-navigable website. |
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Fees $0per trade | Fees 0.5%-5.5% |
Account minimum $0 | Account minimum $1 |
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» Read our full review of Robinhood
Want to compare more crypto platforms? View our list of the best crypto platforms and apps.
Methodology
Methodology
How do we review brokers?
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For more details about the categories considered when rating brokers and our process, read our full methodology.
