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Robinhood vs eToro

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

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

USD 0

Standard brokerage - US shares

Share Trading Account Offer

Get $0 brokerage on AU, 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 AU, US, Hong Kong and European 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 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 March 2023. 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 exchangesAustralia, United States, Amsterdam, Brussels, Frankfurt, Lisbon, London, Madrid, Paris, Stockholm, Zurich, Hong KongUnited States
ASX stock brokerage fee$0Australian 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.

Name Product Price per trade Inactivity fee Asset class International
eToro
Finder AwardExclusive
eToro
$0
US$10 per month if there’s been no log-in for 12 months
ASX shares, Global shares, US shares, ETFs
Yes
Finder exclusive: Get 12 months of investment tracking app Delta PRO for free when you fund your eToro account (T&Cs apply).
CFD service. Capital at risk.
Join the world's biggest social trading network when you trade stocks, commodities and currencies from the one account.
CMC Invest
Finder Award
CMC Invest
$0
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Yes
$0 brokerage on US, UK, Canadian and Japanese markets (FX spreads apply).
Trade over 45,000 shares and ETFs from Australia and 15 major global markets. Plus, buy Aussie shares or ETFs for $0 brokerage up to $1,000 (First buy order of each security, each day - excludes margin loan settled trades).
Moomoo Share Trading
US$0.99
$0
ASX shares, Global shares, US shares, ETFs
Yes
Finder exclusive: Get $100 to trade when you deposit $1,000, or $200 when you deposit $5,000 or more. Earn 6.8% p.a. on uninvested cash. T&Cs apply.
Trade shares on the ASX, the US markets and buy ETFs with Moomoo. Plus join a community over 20 million investors.
Tiger Brokers
US$2
$0
ASX shares, Global shares, US shares, ETFs
Yes
Finder exclusive: 10 no-brokerage US or ASX market trades in the first 180 days + 7% p.a. on uninvested cash with first deposit of any amount, plus US$30 TSLA + US$30 NVDA shares with deposits up to AU$2000. T&Cs apply.
Trade Australian, US and Asian stocks with no minimum deposit on Tiger Broker’s feature-packed platform.
Webull
US$0.25
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Yes
Get advanced research and trading tools with $0 brokerage and free lvl 2 NASDAQ stock data for 30 days. T&Cs apply.
Trade ASX and US stocks and US options, plus gain access to inbuilt news platforms and educational resources. You can also start trading for less with fractional shares.
Saxo Invested
US$1
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Yes
Access 22,000+ stocks on 50+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
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Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

Name Product Fees Minimum Investment Investment product Number of Portfolios
Spaceship Voyager
$3 a month (on accounts over $100)
$0
Stocks, Cash, ETFs
5
Invest in Australian shares, global shares and cash markets.
InvestSMART Robo Advice
From $55 /year
$5,000
ETFs
8
More Info
Super Obvious
$2/Month
$1
Managed Fund
1
More Info
OpenInvest
From $7 per month
$20,000
Stocks, bonds, cash, ETFs
12
More Info
Bloom Impact
$4.50/Month
$500
Shares, ETFs
1
More Info
Raiz Invest
Raiz Invest
From $4.50 /month
$5
ETFs
9
Invest in Australian and international stocks, fixed income/bonds and cash.
Stockspot
Stockspot
From $5.50 /month
$2,000
ETFs
10
QuietGrowth
QuietGrowth
From $0 /year
$3000
ETFs
5
Kwala
From $2/Month
$10
Shares, ETFs, Managed Funds
1
More Info
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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. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

Written by

Kylie Purcell

Kylie Purcell is the senior investments editor and analyst at Finder. She has completed a Certificate of Securities and Managed Investments (RG146) and specialises in investment products including online brokers, robo-advisors, stocks and ETFs. See full profile

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