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E*TRADE vs eToro 2022

StockBrokers.com | August 12th, 2022

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Is eToro better than E*TRADE? After testing 15 of the best online brokers over six months, E*TRADE (92.52%) is better than eToro (57.7%). 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 Rating

Feature E*TRADE eToro
Overall 5 3
Commissions & Fees 4.5 4
Offering of Investments 5 2
Platforms & Tools 4.5 2.5
Mobile Trading Apps 5 2.5
Research 4.5 2.5
Education 4.5 3.5
Ease of Use 5 4
E*TRADE Review eToro Review
Winner check_circle

Trading Fees

Feature E*TRADE eToro
Minimum Deposit $0.00 $10.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $19.99 $0.00
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.00
Futures (Per Contract) $1.50 $0.00
Broker Assisted Trade Fee $25.00 $0.00

Margin Rates

Feature E*TRADE eToro
Under $24,999.99 8.95% 0.00%
$25,000.00 to $49,999.99 8.45% 0.00%
$50,000.00 to $99,999.99 7.95% 0.00%
$100,000.00 to $249,999.99 7.45% 0.00%
$250,000.00 to $499,999.99 6.95% 0.00%
$500,000.00 to $999,999.99 6.45% 0.00%
Above $1,000,000.00 5.45% 0.00%

Account Fees

Feature E*TRADE eToro
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial)
 $25.00 $0.00
Account Transfer Out (Full)
 $75.00 $0.00

Investment Options

Feature E*TRADE eToro
Stock Trading
 Yes No
Fractional Shares
 No Yes
OTCBB / Pink Sheets
 Yes No
Options Trading
 Yes No
Complex Options Max Legs
 4
Futures Trading
 Yes No
Forex Trading
 No No
Crypto Trading
 No Yes
Crypto Trading - Total Coins
 0 24
Mutual Funds (No Load)
 6486
Mutual Funds (Total)
 7242
Bonds (US Treasury)
 Yes No
Bonds (Corporate)
 Yes No
Bonds (Municipal)
 Yes No
Advisor Services
 Yes No
International Trading
 No No

Order Types

Feature E*TRADE eToro
Order Type - Market
 Yes Yes
Order Type - Limit
 Yes No
Order Type - After-Hours
 Yes No
Order Type - Stop
 Yes Yes
Order Type - Trailing Stop
 Yes Yes
Order Type - OCO
 Yes No
Order Type - OTO
 Yes No
Order Type - Broker Assisted
 Yes No

Beginners

Feature E*TRADE eToro
Education (Stocks)
 Yes No
Education (ETFs)
 Yes No
Education (Options)
 Yes No
Education (Mutual Funds)
 Yes No
Education (Bonds)
 Yes No
Education (Retirement)
 Yes No
Retirement Calculator
 Yes No
Investor Dictionary
 Yes No
Paper Trading
 Yes Yes
Videos
 Yes No
Webinars (Monthly Avg)
 30
Webinars (Archived)
 Yes No
Progress Tracking
 No No
Interactive Learning - Quizzes
 Yes No

Stock Trading Apps

Feature E*TRADE eToro
iPhone App
 Yes Yes
Android App
 Yes No
Apple Watch App
 Yes No
Trading - Stocks
 Yes Yes
Trading - After-Hours
 Yes No
Trading - Simple Options
 Yes No
Trading - Complex Options
 Yes No
Order Ticket RT Quotes
 Yes Yes
Order Ticket SRT Quotes
 Yes Yes

Stock App Features

Feature E*TRADE eToro
Market Movers (Top Gainers)
 Yes Yes
Stream Live TV
 Yes No
Videos on Demand
No No
Stock Alerts
 Yes Yes
Option Chains Viewable
 Yes No
Watch List (Real-time)
 Yes Yes
Watch List (Streaming)
 Yes Yes
Watch Lists - Create & Manage
 Yes Yes
Watch Lists - Column Customization
 Yes No
Watch List - Column Filtering
 Yes No

Stock App Charting

Feature E*TRADE eToro
Charting - After-Hours
 Yes No
Charting - Can Turn Horizontally
 Yes No
Charting - Multiple Time Frames
 Yes Yes
Charting - Technical Studies
 10 5
Charting - Study Customizations
Yes Yes
Charting - Stock Comparisons
 Yes No

Trading Platforms

Feature E*TRADE eToro
Desktop Trading Platform
 No No
Web Trading Platform
 Yes Yes
Paper Trading
 Yes Yes
Trade Journal
 No No
Watch Lists - Total Fields
 95 7

Stock Chart Features

Feature E*TRADE eToro
Charting - Adjust Trades on Chart
 Yes No
Charting - Indicators / Studies
 119 46
Charting - Drawing Tools
 31
Charting - Notes
 Yes No
Charting - Index Overlays
 Yes Yes
Charting - Historical Trades
 Yes No
Charting - Corporate Events
 Yes No
Charting - Custom Date Range
 Yes No
Charting - Custom Time Bars
 No No
Charting - Automated Analysis
 Yes No
Charting - Save Profiles
 Yes Yes
Trade Ideas - Technical Analysis
 Yes No
Charting - Study Customizations
 6
Charting - Custom Studies
 No No

Day Trading

Feature E*TRADE eToro
Streaming Time & Sales
 Yes Yes
Streaming TV
 Yes No
Direct Market Routing - Stocks
 Yes No
Ladder Trading
 No No
Trade Hot Keys
 Yes No
Level 2 Quotes - Stocks
 Yes No
Trade Ideas - Backtesting
 No No
Trade Ideas - Backtesting Adv
 No No
Short Locator
 No No
Order Liquidity Rebates
 No No

Research Overview

Feature E*TRADE eToro
Research - Stocks
 Yes Yes
Research - ETFs
 Yes Yes
Research - Mutual Funds
 Yes No
Research - Pink Sheets / OTCBB
 Yes No
Research - Bonds
 Yes No
Screener - Stocks
 Yes No
Screener - ETFs
 Yes No
Screener - Mutual Funds
 Yes No
Screener - Options
 Yes No
Screener - Bonds
 Yes No
Misc - Portfolio Allocation
 Yes No

Stock Research

Feature E*TRADE eToro
Stock Research - PDF Reports
 6
Stock Research - Earnings
 Yes Yes
Stock Research - Insiders
 Yes Yes
Stock Research - SEC Filings
 Yes Yes
Stock Research - Social
 Yes Yes
Stock Research - Balance Sheet
 Yes No
Stock Research - Cash Flows
 Yes No
Stock Research - News
 Yes Yes
Stock Research - ESG
 No No

ETF Research

Feature E*TRADE eToro
ETFs - Strategy Overview
 Yes Yes
ETF Fund Facts - Inception Date
 Yes No
ETF Fund Facts - Expense Ratio
 Yes No
ETF Fund Facts - Net Assets
 Yes No
ETF Fund Facts - Total Holdings
 Yes No
ETFs - Top 10 Holdings
 Yes No
ETFs - Performance Analysis
 Yes No
ETFs - Sector Exposure
 Yes No
ETFs - Risk Analysis
 Yes No
ETFs - Ratings
 Yes Yes
ETFs - Morningstar StyleMap
 Yes No
ETFs - PDF Reports
 Yes No

Mutual Fund Research

Feature E*TRADE eToro
Mutual Funds - Strategy Overview
 Yes No
Mutual Funds - Performance Chart
 No No
Mutual Funds - Performance Analysis
 Yes No
Mutual Funds - Prospectus
 Yes No
Mutual Funds - PDF Reports
 Yes No
Mutual Funds - Fees Breakdown
 Yes No
Mutual Funds - Top 10 Holdings
 Yes No
Mutual Funds - Asset Allocation
 Yes No
Mutual Funds - Sector Allocation
 Yes No
Mutual Funds - Country Allocation
 Yes No
Mutual Funds - StyleMap
 Yes No
Mutual Funds - 3rd Party Ratings
 Yes No

Options Trading

Feature E*TRADE eToro
Option Chains - Basic View
 Yes No
Option Chains - Strategy View
 Yes No
Option Chains - Streaming
 Yes No
Option Chains - Total Columns
 31
Option Chains - Greeks
5
Option Positions - Greeks Streaming
 Yes No
Option Chains - Quick Analysis
 Yes No
Option Analysis - P&L Charts
 Yes No
Option Probability Analysis
 Yes No
Option Probability Analysis Adv
 Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
 Yes No
Option Positions - Rolling
 Yes No
Option Positions - Grouping
 Yes No

Banking

Feature E*TRADE eToro
Bank (Member FDIC)
 Yes No
Checking Accounts
 Yes No
Savings Accounts
 Yes No
Credit Cards
 Yes No
Debit Cards
 Yes No
Mortgage Loans
 Yes No

Customer Service

Feature E*TRADE eToro
Phone Support (Prospect Customers)
 Yes No
Phone Support (Current Customers)
 Yes No
Email Support
 Yes No
Live Chat (Prospect Customers)
 Yes No
Live Chat (Current Customers)
 Yes No
24/7 Support
 Yes No

Overall

Feature E*TRADE eToro
Overall 5 3
Commissions & Fees 4.5 4
Offering of Investments 5 2
Platforms & Tools 4.5 2.5
Mobile Trading Apps 5 2.5
Research 4.5 2.5
Education 4.5 3.5
Ease of Use 5 4
E*TRADE Review eToro Review
Winner check_circle

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 eToro vs E*TRADE.

Is eToro or E*TRADE better for beginners?
E*TRADE is better 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).

What about eToro vs E*TRADE pricing?
eToro and E*TRADE charge the same amount for regular stock trades, $0. Looking at options, the base fees charged are the same for both brokers, $0. Each option contract then costs $0.65 at E*TRADE and $0 at eToro. For a complete commissions summary, see our best discount brokers guide.

Does eToro or E*TRADE offer a wider range of investment options?
E*TRADE offers a more diverse selection of investment options than eToro. E*TRADE offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading and Advisor Services. Looking at Mutual Funds, eToro trails E*TRADE by 7,242 total mutual funds, with E*TRADE offering 7242 and eToro offering .

Which trading platform is better: eToro or E*TRADE?
To compare the trading platforms of both eToro and E*TRADE, 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 none of these.

Overall winner: E*TRADE

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All pricing data was obtained from a published web site as of 01/10/2022 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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