eToro vs Robinhood
Robinhood and eToro are each preferred investing apps that provide zero commission investing on US stocks and ETFs. Whilst Robinhood is perfectly-known in Australia, it’s not actually accessible here. If you might be hunting for a investing application that is very similar in Australia, eToro is possibly your most effective wager. We assess the two under.
Typical brokerage – US shares
Share Investing Account Offer you
Get $ brokerage on US stocks with trades as minor as $50 when you sign up for the world’s greatest social investing community.
- $ brokerage for US stocks
- Trades starting off from $50
- Fractional shares
- Duplicate top rated traders
Crucial: Share investing carries danger of capital loss.
With minimal charges, minimalist layouts and a style and design that will enchantment to more youthful traders, eToro and Robinhood are two of the most preferred apps out there. Both of those apps provide zero commission investing for US stocks and ETF moreover cryptocurrency investing nevertheless, eToro has very a several extra options accessible such as foreign exchange, commodities and indices.
You can decide on to trade with or with out leverage (leverage is increased danger) on either application nevertheless, they go about this in diverse techniques. People on Robinhood trade leverage with inventory options, although eToro offers contracts for change (CFDs). They are each styles of derivatives, but although the latter is prevalent in Australia, CFDs are illegal in the United States.
Check out out our comparison of charges and attributes in the table under.
|Finder’s evaluation||eToro is an easy-to-use platform with sufficient investing options to continue to keep lively traders intrigued. It has amid the most affordable charges for US stocks on the marketplace at $ brokerage moreover options outside of inventory investing, together with foreign exchange, cryptocurrency and commodities.||Robinhood is not accessible in Australia as of February 2021. It receives points for owning minimal charges ($ brokerage), no account minimums and an application that is intuitive and easy for novices to decide on up. On the draw back, it has minimal investment decision options, showcasing only US stocks, ETFs and cryptocurrency.|
|Offered inventory exchanges||NASDAQ, NYSE||NASDAQ, NYSE|
|ASX inventory brokerage charge||Australian stocks not accessible||Australian stocks not accessible|
|US inventory brokerage charge||US$||US$|
|United kingdom inventory brokerage charge||United kingdom stocks not accessible||United kingdom stocks not accessible|
|Inactivity charge||US$10 for each month if you will not log in for twelve months||No|
|Currency conversion charge (for US stocks)||
|CHESS or custody design||Custody design||Custody design|
|Resources and study||
|Platforms||Desktop, iOS, Android||Desktop, iOS, Android|
Read our evaluation
Read our evaluation (Finder US)
How do we rate brokers?
We use star scores to assistance you identify strengths and weaknesses concerning diverse on-line brokers in Australia. To come across an in general score, we consider into account six essential classes:
- Offered nations
- Offered securities
- Investing tools
- Exploration and instruction
- Purchaser support
For extra data about how we evaluate each individual function, head to our methodology website page and scroll down to “Star scores”.
Examine extra brokers
Hunting for a little something else? Check out out our broker comparison table under to evaluation the charges and attributes of some others on the marketplace.
Crucial: Share investing can be monetarily dangerous and the price of your investment decision can go down as perfectly as up. “Standard brokerage” charge is the expense to trade $1,000 or significantly less of ASX-mentioned shares and ETFs with out any skills or special eligibility. If ASX shares are not accessible, the charge demonstrated is for US shares. The place each CHESS sponsored and custodian shares are made available, we screen the most affordable alternative.
Disclaimer: This data really should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific supplier, provider or supplying. It really should not be relied on as investment decision suggestions or construed as supplying recommendations of any kind. Futures, stocks, ETFs and options investing involves substantial danger of loss and therefore are not correct for all buyers. Investing CFDs and foreign exchange on leverage arrives with a increased danger of dropping cash promptly. Previous general performance is not an indicator of upcoming effects. Contemplate your possess situation, and attain your possess suggestions, ahead of creating any trades.