Robinhood vs eToro
Both eToro and Robinhood offer $0 brokerage stock trading but eToro has more options for active traders.
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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.
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
Important: Share trading carries risk of capital loss.
Disclaimer: Trading CFDs and forex on leverage is high-risk and losses could exceed your deposits.
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?
|Finder’s review||eToro 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 exchanges||NASDAQ, NYSE||NASDAQ, NYSE|
|ASX stock brokerage fee||Australian stocks not available||Australian stocks not available|
|US stock brokerage fee||US$0||US$0|
|UK stock brokerage fee||UK stocks not available||UK stocks not available|
|Inactivity fee||US$10 per month if you don't log in for 12 months||No|
|Currency conversion fee (for US stocks)||Not applicable|
|CHESS or custody model||Custody model||Custody model|
|Tools and research|
|Platforms||Desktop, iOS, Android||Desktop, iOS, Android|
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:
- 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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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.
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