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E*TRADE vs eToro 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is E*TRADE better than eToro? After testing 15 of the best online brokers over six months, E*TRADE (92.52%) is better than eToro (57.70%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform, which is great for beginners, active trading and options trading.

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Overall RatingE*TRADEeToro
Overall5 Stars3 Stars
Commissions & Fees4.5 Stars4 Stars
Investment Options5 Stars2 Stars
Platforms & Tools4.5 Stars2.5 Stars
Mobile Trading Apps5 Stars2.5 Stars
Research4.5 Stars2.5 Stars
Customer Service4.5 StarsN/A
Education4.5 Stars3.5 Stars
Ease Of Use5 Stars4 Stars
Winnercheck_circle
ReviewE*TRADE RevieweToro Review
Trading FeesE*TRADEeToro
Minimum Deposit$0.00$10.00
Stock Trades$0.00$0.00
Penny Stock Fees (OTCCB)$6.95N/A
Mutual Fund Trade Fee$19.99N/A
Options (Base Fee)$0.00N/A
Options (Per Contract)$0.65N/A
Futures (Per Contract)$1.50N/A
Broker Assisted Trade Fee$25$0
Margin RatesE*TRADEeToro
Margin Rate Under $24,999.9911.95%N/A
Margin Rate $25,000.00 to $49,999.9911.45%N/A
Margin Rate $50,000.00 to $99,999.9910.95%N/A
Margin Rate $100,000.00 to $249,999.9910.45%N/A
Margin Rate $250,000.00 to $499,999.999.95%N/A
Margin Rate $500,000.00 to $999,999.999.45%N/A
Margin Rate Above $1,000,000.008.45%N/A
Account FeesE*TRADEeToro
IRA Annual Fee$0.00N/A
IRA Closure Fee$0.00N/A
Account Transfer Out (Partial)$25.00N/A
Account Transfer Out (Full)$75.00N/A
Options Exercise Fee$0.00N/A
Options Assignment Fee$0.00N/A
Investment OptionsE*TRADEeToro
Stock TradingYesYes
Margin TradingYesNo
Fractional SharesNoYes
OTCBB / Pink SheetsYesNo
Options TradingYesNo
Complex Options Max Legs40
Futures TradingYesNo
Forex TradingNoNo
Crypto TradingNoYes
Crypto Trading - Total Coins026
Mutual Funds (No Load)64860
Mutual Funds (Total)72420
Bonds (US Treasury)YesNo
Bonds (Corporate)YesNo
Bonds (Municipal)YesNo
Advisor ServicesYesNo
International Countries (Stocks)00
Order TypesE*TRADEeToro
Order Type - MarketYesYes
Order Type - LimitYesNo
Order Type - After HoursYesNo
Order Type - StopYesYes
Order Type - Trailing StopYesYes
Order Type - OCOYesNo
Order Type - OTOYesNo
Order Type - Broker AssistedYesNo
BeginnersE*TRADEeToro
Education (Stocks)YesYes
Education (ETFs)YesNo
Education (Options)YesNo
Education (Mutual Funds)YesNo
Education (Bonds)YesNo
Education (Retirement)YesNo
Retirement CalculatorYesNo
Investor DictionaryYesNo
Paper TradingYesYes
VideosYesYes
WebinarsYesNo
Webinars (Archived)YesNo
Progress TrackingNoNo
Interactive Learning - QuizzesYesNo
Stock Trading AppsE*TRADEeToro
iPhone AppYesYes
Android AppYesYes
Apple Watch AppYesNo
Trading - StocksYesYes
Trading - After-HoursYesNo
Trading - Simple OptionsYesNo
Trading - Complex OptionsYesNo
Order Ticket RT QuotesYesYes
Order Ticket SRT QuotesYesYes
Stock App FeaturesE*TRADEeToro
Market Movers (Top Gainers)YesYes
Stream Live TVYesNo
Videos on DemandNoNo
Stock AlertsYesYes
Option Chains ViewableYesNo
Watch List (Real-time)YesYes
Watch List (Streaming)YesYes
Watch Lists - Create & ManageYesYes
Watch Lists - Column CustomizationYesNo
Watch Lists - Total Fields957
Stock App ChartingE*TRADEeToro
Charting - After-HoursYesNo
Charting - Can Turn HorizontallyYesNo
Charting - Multiple Time FramesYesYes
Charting - Technical Studies105
Charting - Study CustomizationsYesYes
Charting - Stock ComparisonsYesNo
Trading PlatformsE*TRADEeToro
Active Trading PlatformPower E*TRADEN/A
Desktop Trading PlatformNoNo
Desktop Platform (Mac)NoNo
Web Trading PlatformYesYes
Paper TradingYesYes
Trade JournalNoNo
Watch Lists - Total Fields957
Stock Chart FeaturesE*TRADEeToro
Charting - Adjust Trades on ChartYesNo
Charting - Indicators / Studies11946
Charting - Drawing Tools3113
Charting - NotesYesYes
Charting - Index OverlaysYesYes
Charting - Historical TradesYesNo
Charting - Corporate EventsYesNo
Charting - Custom Date RangeYesNo
Charting - Custom Time BarsNoNo
Charting - Automated AnalysisYesNo
Charting - Save ProfilesYesYes
Trade Ideas - Technical AnalysisYesYes
Charting - Study Customizations65
Charting - Custom StudiesNoNo
Day TradingE*TRADEeToro
Streaming Time & SalesYesYes
Streaming TVYesNo
Direct Market Routing - StocksYesNo
Ladder TradingNoNo
Trade Hot KeysYesNo
Level 2 Quotes - StocksYesNo
Trade Ideas - BacktestingNoNo
Trade Ideas - Backtesting AdvNoNo
Short LocatorNoNo
Order Liquidity RebatesNoNo
Research OverviewE*TRADEeToro
Research - StocksYesYes
Research - ETFsYesYes
Research - Mutual FundsYesNo
Research - Pink Sheets / OTCBBYesNo
Research - BondsYesNo
Screener - StocksYesNo
Screener - ETFsYesNo
Screener - Mutual FundsYesNo
Screener - BondsYesNo
Misc - Portfolio AllocationYesNo
Stock ResearchE*TRADEeToro
Stock Research - PDF Reports60
Stock Research - EarningsYesYes
Stock Research - InsidersYesYes
Stock Research - SocialYesYes
Stock Research - NewsYesYes
Stock Research - ESGNoYes
Stock Research - SEC FilingsYesYes
ETF ResearchE*TRADEeToro
ETFs - Strategy OverviewYesYes
ETF Fund Facts - Inception DateYesNo
ETF Fund Facts - Expense RatioYesNo
ETF Fund Facts - Net AssetsYesNo
ETF Fund Facts - Total HoldingsYesNo
ETFs - Top 10 HoldingsYesNo
ETFs - Sector ExposureYesNo
ETFs - Risk AnalysisYesNo
ETFs - RatingsYesYes
ETFs - Morningstar StyleMapYesNo
ETFs - PDF ReportsYesNo
Mutual Fund ResearchE*TRADEeToro
Mutual Funds - Strategy OverviewYesNo
Mutual Funds - Performance ChartNoNo
Mutual Funds - Performance AnalysisYesNo
Mutual Funds - ProspectusYesNo
Mutual Funds - 3rd Party RatingsYesNo
Mutual Funds - Fees BreakdownYesNo
Mutual Funds - Top 10 HoldingsYesNo
Mutual Funds - Asset AllocationYesNo
Mutual Funds - Sector AllocationYesNo
Mutual Funds - Country AllocationYesNo
Mutual Funds - StyleMapYesNo
Options TradingE*TRADEeToro
Option Chains - Basic ViewYesNo
Option Chains - Strategy ViewYesNo
Option Chains - StreamingYesNo
Option Chains - Total Columns310
Option Chains - Greeks50
Option Chains - Quick AnalysisYesNo
Option Analysis - P&L ChartsYesNo
Option Probability AnalysisYesNo
Option Probability Analysis AdvYesNo
Option Positions - GreeksYesNo
Option Positions - Greeks StreamingYesNo
Option Positions - Adv AnalysisYesNo
Option Positions - RollingYesNo
Option Positions - GroupingYesNo
BankingE*TRADEeToro
Bank (Member FDIC)YesNo
Checking AccountsYesNo
Savings AccountsYesNo
Credit CardsYesNo
Debit CardsYesNo
Mortgage LoansYesNo
Customer ServiceE*TRADEeToro
Phone Support (Prospect Customers)YesNo
Phone Support (Current Customers)YesNo
Email SupportYesYes
Live Chat (Prospect Customers)NoYes
Live Chat (Current Customers)YesYes
24/7 SupportYesNo
OverallE*TRADEeToro
Overall5 Stars3 Stars
Commissions & Fees4.5 Stars4 Stars
Investment Options5 Stars2 Stars
Platforms & Tools4.5 Stars2.5 Stars
Mobile Trading Apps5 Stars2.5 Stars
Research4.5 Stars2.5 Stars
Education4.5 Stars3.5 Stars
Ease Of Use5 Stars4 Stars
Winnercheck_circle
ReviewE*TRADE RevieweToro Review
  • check_box_outline_blankcheck_boxAlly Invest
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  • check_box_outline_blankcheck_boxE*TRADE
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E*TRADE vs eToro Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare E*TRADE vs eToro.

Is E*TRADE or eToro better for beginners?

E*TRADE offers more comprehensive new investor education for beginner investors than eToro. E*TRADE offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while eToro offers investors access to Paper Trading, Videos and Education (Stocks).

What about E*TRADE vs eToro pricing?

E*TRADE and eToro charge the same amount for regular stock trades, $0.00. Option contracts are pricier at E*TRADE, costing $0.65 per contract versus N/A per contract at eToro. For a complete commissions summary, see our best brokers for free stock trading guide.

Does E*TRADE or eToro offer a wider range of investment options?

E*TRADE offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Futures Trading and Advisor Services, while eToro offers investors access to Stock Trading and Fractional Shares, neither have Forex Trading. Looking at Mutual Funds, eToro trails E*TRADE in its offering of no transaction fee (NTF) mutual funds, with E*TRADE offering 4377 and eToro offering 0.

Which trading platform is better: E*TRADE or eToro?

To compare the trading platforms of E*TRADE and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, E*TRADE offers a better experience. With research, E*TRADE offers superior market research. Finally, we found E*TRADE to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by E*TRADE while eToro offers neither of these.

Is E*TRADE good?

Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform, which is great for beginners, active trading and options trading.

Is eToro good?

eToro bills itself as a social trading platform, and that is exactly what you get. It’s a combination of Twitter and trading that will appeal to those who are most interested in learning how to trade cryptocurrencies or joining a community with crypto as the focus. The scope currently is limited in the U.S., so those looking for more advanced trading or trading a variety of underlyings will want to look elsewhere.

E*TRADE vs eToro Winner

Overall winner: E*TRADE

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