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.

Share Investing Account Offer you

USD

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
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Extra data

Crucial: Share investing carries danger of capital loss.

Summary

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.

Etoro logo

Read our evaluation
Robinhood logo

Read our evaluation
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)
  • .50% for wire transfers, Ideal and Sofort
  • 1.00% for credit cards, PayPal, Skrill, Neteller, RapidTransfer, UnionPay and regional on-line banking
Not applicable
CHESS or custody design Custody design Custody design
Rewards
  • $ brokerage. There are no broker (aka commission) charges when you trade stocks or make investments in ETFs.
  • Fractional shares. You can trade full shares or fractions of shares (starting off at $50 a trade).
  • Duplicate investing. You can quickly duplicate the trade actions produced by eToro “Best Traders”.
  • Remain connected. eToro’s platform one-way links you with users all over the earth so you can talk about, share and study marketplace ideas and investing approaches.
  • Trade options. You have the decision of investing stocks, ETFs, crypto, foreign exchange and commodities.
  • Cell and desktop. It’s appropriate for use on each cell apps and desktop.
  • $ brokerage. It does not charge any commissions or charges to trade stocks or ETFs.
  • Fractional shares. You can trade full shares or fractions of shares.
  • Intuitive application. The application will make it easy for novices to get commenced with investing.
  • Cryptocurrency. 1 of Robinhood’s major advertising points is its cryptocurrency support because not lots of platforms provide this function.
  • No account minimums. You can indication up for cost-free and start investing with any amount of money.
Downsides
  • Not truly world-wide. You can only buy US stocks stocks mentioned in Australia are not an alternative.
  • Currency conversion. The account foundation currency is constantly in USD, so you may also will need to change your AUD to USD.
  • No MetaTrader four (MT4). Some CFD or foreign exchange (CFD) traders prefer to use MetaTrader four, which is just not an alternative on eToro.
  • Inactivity charge. If you will not log in for extra than a 12 months, you might be charged a US$10 for each month inactivity charge.
  • Not accessible. You are unable to open up an account from Australia except you maintain US residency.
  • Limited support. There’s no cellular phone or stay chat alternative for support.
  • Limited investment decision options. You just can’t make investments in unlisted managed resources, foreign exchange or commodities with Robinhood.
Resources and study
  • Stay feed. Keep up to day on organization bulletins and news by sharing data with friends.
  • Inventory studies. Get cost, P/E ratio, financial gain and income details for all mentioned stocks.
  • Analyst scores. Get inventory marketplace assessment and highly developed study options when you indication up for the quality membership options.
  • Conditional orders. There are marketplace and limit orders accessible as perfectly as a stop loss and trailing stop loss alternative.
  • Exploration. You get a feed of news content about each individual inventory, or for $five extra, you get beefier stories.
  • Recurring investments. You can decide on to quickly make investments a set amount of money of cash in a specific inventory or ETF on a daily, weekly, biweekly or regular monthly basis.
  • Dollars administration. You can gain interest (all over .3%) on resources sitting down in your account.
Platforms Desktop, iOS, Android Desktop, iOS, Android
Support
Study extra

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:

  • Costs
  • 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.

Identify Product Inactivity charge Markets
eToro Share Trading (US stocks)

USD

USD 10 for each month if there’s been no login for twelve months

Fx, CFDs, US shares

Indeed

Zero brokerage share investing on US stocks with trades as minimal as $50.
Observe: This broker offers CFDs which are risky investment decision solutions and most shoppers eliminate cash investing CFDs with this supplier.
Join the world’s greatest social investing community when you trade stocks, commodities and foreign exchange from the 1 account.

Superhero share trading

five AUD

No

ASX shares, ETFs

No

Pay back zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $five commission charge and a minimal minimal investment decision of just $a hundred.

Saxo Capital Markets (Classic account)

6.99 AUD

AUD

ASX shares, International shares, Fx, CFDs, Margin investing, Solutions investing

Indeed

Significant high-quality, minimal-expense brokerage on world-wide share investing.
Accessibility up to 19,000 world-wide stocks on 36 of the world’s major inventory exchanges and enjoy some of the most aggressive Forex prices on the the marketplace when you trade with Saxo Money Markets.

CMC Markets Stockbroking

11 AUD

No

ASX shares, International shares, Fx, CFDs, Solutions investing, mFunds, ETFs, Warrants

Indeed

$ brokerage on world-wide shares together with US, United kingdom and Japan marketplaces.
Trade up to 9,000 solutions, together with shares, managed resources, foreign exchange, commodities and cryptocurrencies, moreover obtain up to 15 major world-wide and Australian inventory exchanges.

SelfWealth Share Trading (Basic account)

9.five AUD

No

ASX shares, US shares

Indeed

Trade ASX and US shares for a flat charge of $9.50, no matter of the trade dimensions.
New prospects acquire cost-free obtain to Group Insights with SelfWealth High quality for the very first ninety times. Comply with other buyers and benchmark your portfolio general performance.

ANZ Share Investing

19.ninety five AUD

No

ASX shares, International shares, Solutions investing, mFunds, ETFs, Warrants

Indeed

Receive 1 Qantas Place for each AU$3 used on brokerage charges on sure instruments.
Accessibility Morningstar stories, organization bulletins and and stay pricing by using ANZ’s share investing platform. Offered for desktop and cell.

Westpac Online Investing Account

19.ninety five AUD

USD sixty three.50 for each 12 months on the world-wide marketplaces account

ASX shares, International shares, Solutions investing, ETFs

Indeed

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.

Identify Product Bare minimum Expense Expense product or service Selection of Portfolios
Six Park

From $9.ninety five /month

$five,000

ETFs

five

Devote in Australian and world-wide shares, assets, infrastructure, emerging marketplaces, bonds and cash with Six Park.

Clover

From $five /month

$two,500

ETFs

five

Devote in Australian and world-wide shares, cash, fixed profits/bonds, assets and emerging marketplaces.

Raiz Invest

From $two.50 /month

$five

ETFs

8

Devote in Australian and worldwide stocks, fixed profits/bonds and cash.

Spaceship Voyager (Universe Portfolio)

From $ /12 months

$

AU & International Shares, Dollars

1

Devote in Australian shares, world-wide shares and cash marketplaces.

Stockspot

From $five.50 /month

$two,000

ETFs

10

InvestSMART Robo Advice

From $99 /12 months

$five,000

ETFs

8

QuietGrowth

From $ /12 months

$3000

ETFs

five

Spaceship Voyager (Origin Portfolio)

From $ /12 months

$

AU & International Shares, Dollars

1

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.