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Robinhood vs eToro

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

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Kylie Purcell
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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 (global stocks)

USD 0

Standard brokerage - US shares

Share Trading Account Offer

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

  • $0 brokerage for US, Hong Kong and European stocks
  • Trades starting from $50
  • Fractional shares
  • Copy top traders
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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 US)
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, Hong Kong and European 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 exchangesUnited States, Amsterdam, Brussels, Frankfurt, Lisbon, London, Madrid, Paris, Stockholm, Zurich, Hong KongUnited States
ASX stock brokerage feeAustralian stocks not availableAustralian stocks not available
US stock brokerage feeUS$0US$0
UK stock brokerage fee£0UK stocks not available
Inactivity feeUS$10 per month if you don't log in for 12 monthsNo
Currency conversion fee (for US stocks)
  • 50 pips - 100 pips
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
  • 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 (global stocks)
eToro (global stocks)
US$0
US$10 per month if there’s been no login for 12 months
Global shares, US shares, ETFs
Yes
Zero brokerage share trading on US, Hong Kong and European 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 currencies from the one account.
Go to site
More Info
IG Share Trading
IG Share Trading
$8
$50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares
Yes
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Go to site
More Info
Superhero share trading
Superhero share trading
$5
No
ASX shares, US shares, ETFs
Yes
Earn up to 15,000 Qantas frequent flyer points when you transfer an exisiting balance or trade. Offer valid for all new and existing Superhero members until 28 February.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
Go to site
More Info
GO Markets Share Trading
GO Markets Share Trading
$7.70
No
ASX shares, Forex, CFDs, ETFs
No
Pay zero brokerage on your first 20 trades and $7.70 after that on over 2,500 ASX listed shares from either your desktop or mobile.
Go to site
More Info
ThinkMarkets Share Trading
ThinkMarkets Share Trading
$8
No
ASX shares
No
$8 flat fee brokerage for CHESS Sponsored ASX stocks (HIN ownership), plus free live stock price data on an easy to use mobile app.
Go to site
More Info
Saxo Capital Markets (Classic account)
Saxo Capital Markets (Classic account)
$5
No
ASX shares, Global shares, ETFs
Yes
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
Go to site
More Info
HSBC Online Share Trading
HSBC Online Share Trading
$19.95
No
ASX shares, mFunds, ETFs, Bonds
No
Limited-time offer: Join HSBC’s online trading account before 28 February 2022 and HSBC will reimburse you up to $100 on your first 5 trades. Also traders who transfer $50k+ will get a $200 bonus(T&Cs apply).
Make trades online with brokerage fees starting from just $19.95 with an HSBC Online Share Trading account. Plus gain access to complimentary expert research, trading ideas and tools.
Go to site
More Info
SelfWealth (Basic account)
SelfWealth (Basic account)
$9.5
No
ASX shares, US shares
Yes
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
Go to site
More Info
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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 is the cost to purchase $1,000 or less of equities without any qualifications or special eligibility. 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
OpenInvest
OpenInvest
From $7 per month
$20,000
Stocks, bonds, cash, ETFs
16
Go to site
More Info
Six Park
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.
More Info
Raiz Invest
Raiz Invest
From $2.50 /month
$5
ETFs
8
Invest in Australian and international stocks, fixed income/bonds and cash.
More Info
Spaceship Voyager (Universe Portfolio)
Spaceship Voyager (Universe Portfolio)
From $0 /year
$0
AU & Global Shares, Cash
1
Invest in Australian shares, global shares and cash markets.
More Info
Stockspot
Stockspot
From $5.50 /month
$2,000
ETFs
10
More Info
InvestSMART Robo Advice
InvestSMART Robo Advice
From $99 /year
$5,000
ETFs
8
More Info
QuietGrowth
QuietGrowth
From $0 /year
$3000
ETFs
5
More Info
Spaceship Voyager (Origin Portfolio)
Spaceship Voyager (Origin Portfolio)
From $0 /year
$0
AU & Global Shares, Cash
1
More Info
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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.

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