Robinhood vs eToro : We compare fees and features | Finder

Robinhood vs eToro

Both eToro and Robinhood offer $0 brokerage stock trading but eToro has more options for active traders.

Updated

Fact checked

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

eToro vs Robinhood

Robinhood and eToro are both popular trading apps that offer zero commission trading on US stocks and ETFs. Although Robinhood is well-known in Australia, it's not actually available here. If you're looking for a trading app that's similar in Australia, eToro is probably your best bet. We compare the two below.

Share Trading Account Offer

eToro Share Trading (US stocks)

USD 0

Standard brokerage - US shares

Share Trading Account Offer

Get $0 brokerage on US stocks with trades as little as $50 when you join the world's biggest social trading network.

  • $0 brokerage for US stocks
  • Trades starting from $50
  • Fractional shares
  • Copy top traders
Go to site
More info

Important: Share trading carries risk of capital loss.

Promoted

Disclaimer: Trading CFDs and forex on leverage is high-risk and losses could exceed your deposits.

Summary

With low fees, minimalist layouts and a design that will appeal to younger traders, eToro and Robinhood are two of the most popular apps out there. Both apps offer zero commission trading for US stocks and ETF plus cryptocurrency trading; however, eToro has quite a few more options available such as forex, commodities and indices.

You can choose to trade with or without leverage (leverage is higher risk) on either app; however, they go about this in different ways. Users on Robinhood trade leverage with stock options, while eToro offers contracts for difference (CFDs). They're both types of derivatives, but while the latter is common in Australia, CFDs are illegal in the United States.

Check out our comparison of fees and features in the table below.

How do eToro and Robinhood compare?

eToroRobinhood
Etoro logo
Read our review
Robinhood logo
Read our review
Finder’s revieweToro is an easy-to-use platform with enough trading options to keep active traders interested. It has among the lowest fees for US stocks on the market at $0 brokerage plus options outside of stock trading, including forex, cryptocurrency and commodities.Robinhood is not available in Australia as of February 2021. It gets points for having low fees ($0 brokerage), no account minimums and an app that's intuitive and easy for beginners to pick up. On the downside, it has limited investment options, featuring only US stocks, ETFs and cryptocurrency.
Available stock exchangesNASDAQ, NYSENASDAQ, NYSE
ASX stock brokerage feeAustralian stocks not availableAustralian stocks not available
US stock brokerage feeUS$0US$0
UK stock brokerage feeUK stocks not availableUK stocks not available
Inactivity feeUS$10 per month if you don't log in for 12 monthsNo
Currency conversion fee (for US stocks)
  • 0.50% for wire transfers, iDeal and Sofort
  • 1.00% for credit cards, PayPal, Skrill, Neteller, RapidTransfer, UnionPay and local online banking
Not applicable
CHESS or custody modelCustody modelCustody model
Benefits
  • $0 brokerage. There are no broker (aka commission) fees when you trade stocks or invest in ETFs.
  • Fractional shares. You can trade whole shares or fractions of shares (starting at $50 a trade).
  • Copy trading. You can automatically copy the trade actions made by eToro "Top Traders".
  • Stay connected. eToro's platform links you with users around the world so you can discuss, share and learn market ideas and trading strategies.
  • Trade options. You have the choice of trading stocks, ETFs, crypto, forex and commodities.
  • Mobile and desktop. It's suitable for use on both mobile apps and desktop.
  • $0 brokerage. It doesn’t charge any commissions or fees to trade stocks or ETFs.
  • Fractional shares. You can trade whole shares or fractions of shares.
  • Intuitive app. The app makes it easy for beginners to get started with trading.
  • Cryptocurrency. One of Robinhood’s major selling points is its cryptocurrency support since not many platforms offer this feature.
  • No account minimums. You can sign up for free and start trading with any amount.
Drawbacks
  • Not truly global. You can only buy US stocks; stocks listed in Australia are not an option.
  • Currency conversion. The account base currency is always in USD, so you'll also need to convert your AUD to USD.
  • No MetaTrader 4 (MT4). Some CFD or forex (CFD) traders prefer to use MetaTrader 4, which isn't an option on eToro.
  • Inactivity fee. If you don't log in for more than a year, you're charged a US$10 per month inactivity fee.
  • Not available. You can't open an account from Australia unless you hold US residency.
  • Limited support. There's no phone or live chat option for support.
  • Limited investment options. You can’t invest in unlisted managed funds, forex or commodities with Robinhood.
Tools and research
  • Live feed. Keep up to date on company announcements and news by sharing info with peers.
  • Stock statistics. Get price, P/E ratio, profit and revenue data for all listed stocks.
  • Analyst ratings. Get stock market analysis and advanced research options when you sign up for the premium membership options.
  • Conditional orders. There are market and limit orders available as well as a stop loss and trailing stop loss option.
  • Research. You get a feed of news articles about each stock, or for $5 more, you get beefier reports.
  • Recurring investments. You can choose to automatically invest a set amount of money in a specific stock or ETF on a daily, weekly, biweekly or monthly basis.
  • Cash management. You can earn interest (around 0.3%) on funds sitting in your account.
PlatformsDesktop, iOS, AndroidDesktop, iOS, Android
Support
  • Email
  • Email
Learn more

Read our review

Read our review (Finder US)

How do we rate brokers?

We use star ratings to help you identify strengths and weaknesses between different online brokers in Australia. To find an overall score, we take into account six key categories:

  • Fees
  • Available countries
  • Available securities
  • Trading tools
  • Research and education
  • Customer support

For more information about how we measure each feature, head to our methodology page and scroll down to "Star ratings".

Compare more brokers

Looking for something else? Check out our broker comparison table below to review the fees and features of others on the market.

Data updated regularly
Name Product Standard brokerage fee Inactivity fee Markets International
eToro Share Trading (US stocks)
0 USD
USD 10 per month if there’s been no login for 12 months
Forex, CFDs, US shares
Yes
Zero brokerage share trading on US stocks with trades as low as $50.
Note: This broker offers CFDs which are volatile investment products and most clients lose money trading CFDs with this provider.
Join the world’s biggest social trading network when you trade stocks, commodities and forex from the one account.
Superhero share trading
5 AUD
No
ASX shares, ETFs
No
Pay zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.
Saxo Capital Markets (Classic account)
6.99 AUD
No
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading
Yes
High quality, low-cost brokerage on global share trading.
Access up to 19,000 global stocks on 36 of the world’s major stock exchanges and enjoy some of the most competitive FX rates on the the market when you trade with Saxo Capital Markets.
CMC Markets Stockbroking
11 AUD
No
ASX shares, Global shares, Forex, CFDs, Options trading, mFunds, ETFs, Warrants
Yes
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.
Bell Direct Share Trading
15 AUD
No
ASX shares, Options trading, mFunds, ETFs, Warrants
No
Invest in Australian shares, options and managed funds from the one account with no inactivity fee.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
IG Share Trading
Finder Award
IG Share Trading
8 AUD
AUD 50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares, Forex, CFDs, Margin trading
Yes
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Note: $10,000 deposit required to open account.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
loading

Compare up to 4 providers

Important: Share trading can be financially risky and the value of your investment can go down as well as up. “Standard brokerage” fee is the cost to trade $1,000 or less of ASX-listed shares and ETFs without any qualifications or special eligibility. If ASX shares aren’t available, the fee shown is for US shares. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

Data updated regularly
Name Product Fees Minimum Investment Investment product Number of Portfolios
Six Park
From $9.95 /month
$5,000
ETFs
5
Invest in Australian and global shares, property, infrastructure, emerging markets, bonds and cash with Six Park.
Clover
From $5 /month
$2,500
ETFs
5
Invest in Australian and global shares, cash, fixed income/bonds, property and emerging markets.
Raiz Invest
From $2.50 /month
$5
ETFs
8
Invest in Australian and international stocks, fixed income/bonds and cash.
Spaceship Voyager (Universe Portfolio)
From $0 /year
$0
AU & Global Shares, Cash
1
Invest in Australian shares, global shares and cash markets.
Stockspot
From $5.50 /month
$2,000
ETFs
10
InvestSMART Robo Advice
From $99 /year
$5,000
ETFs
8
QuietGrowth
From $0 /year
$3000
ETFs
5
Spaceship Voyager (Origin Portfolio)
From $0 /year
$0
AU & Global Shares, Cash
1
loading

Compare up to 4 providers

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site