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Fidelity vs eToro 2023

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Written by StockBrokers.com

February 23, 2023

Is Fidelity better than eToro? After testing 17 of the best online brokers over three months, Fidelity (98.22%) is better than eToro (72.74%). Our top pick overall for 2023, Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.

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Overall RatingFidelityeToro
Overall 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 2.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Mobile Trading Apps 5/5 Stars 3.5/5 Stars
Research 5/5 Stars 3/5 Stars
Customer Service 4.5/5 Stars N/A
Education 5/5 Stars 2.5/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Fidelity Review eToro Review
Trading FeesFidelityeToro
Minimum Deposit $0.00 $10.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) $0.00 N/A
Mutual Fund Trade Fee $49.95 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.00
Futures (Per Contract) N/A N/A
Broker Assisted Trade Fee $32.95 $0
Margin RatesFidelityeToro
Margin Rate Under $25,000 11.33% Varies
Margin Rate $25,000 to $49,999.99 10.83% Varies
Margin Rate $50,000 to $99,999.99 9.88% Varies
Margin Rate $100,000 to $249,999.99 9.83% Varies
Margin Rate $250,000 to $499,999.99 9.58% Varies
Margin Rate $500,000 to $999,999.99 7.25% Varies
Margin Rate Above $1,000,000 7.00% Varies
Account FeesFidelityeToro
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Account Transfer Out (Partial) $0.00
Account Transfer Out (Full) $0.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment OptionsFidelityeToro
Stock Trading Yes Yes
Margin Trading Yes No
Fractional Shares Yes Yes
OTC Stocks Yes No
Options Trading Yes Yes
Complex Options Max Legs 4 0
Futures Trading No No
Forex Trading No No
Crypto Trading No Yes
Crypto Trading - Total Coins 0 26
Mutual Funds (No Load) 5843 0
Mutual Funds (Total) 10000 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services Yes No
International Countries (Stocks) 25 0
Order TypesFidelityeToro
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
BeginnersFidelityeToro
Education (Stocks) Yes Yes
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 No Yes
Videos Yes Yes
Webinars Yes No
Webinars (Archived) Yes No
Progress Tracking Yes No
Interactive Learning - Quizzes Yes No
Stock Trading AppsFidelityeToro
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App Yes No
Trading - Stocks Yes Yes
Trading - After-Hours Yes No
Trading - Simple Options Yes Yes
Trading - Complex Options Yes No
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes Yes
Stock App FeaturesFidelityeToro
Market Movers (Top Gainers) Yes Yes
Stream Live TV Yes No
Videos on Demand Yes No
Stock Alerts Yes Yes
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) Yes Yes
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization Yes No
Watch Lists - Total Fields 92 7
Stock App ChartingFidelityeToro
Charting - After-Hours Yes No
Charting - Can Turn Horizontally Yes No
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 129 5
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons Yes No
Trading PlatformsFidelityeToro
Active Trading Platform Active Trader Pro N/A
Desktop Trading Platform Yes No
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Paper Trading No Yes
Trade Journal Yes No
Watch Lists - Total Fields 92 7
Stock Chart FeaturesFidelityeToro
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 129 46
Charting - Drawing Tools 37 13
Charting - Notes Yes Yes
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 Yes No
Charting - Automated Analysis Yes No
Charting - Save Profiles Yes Yes
Trade Ideas - Technical Analysis Yes Yes
Charting - Study Customizations 5 5
Charting - Custom Studies No No
Day TradingFidelityeToro
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 Yes No
Trade Ideas - Backtesting Adv No No
Short Locator Yes No
Order Liquidity Rebates No No
Research OverviewFidelityeToro
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 - Bonds Yes No
Misc - Portfolio Allocation Yes No
Stock ResearchFidelityeToro
Stock Research - PDF Reports 11 0
Stock Research - Earnings Yes Yes
Stock Research - Insiders Yes Yes
Stock Research - Social Yes Yes
Stock Research - News Yes Yes
Stock Research - ESG Yes Yes
Stock Research - SEC Filings Yes Yes
ETF ResearchFidelityeToro
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 - 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 ResearchFidelityeToro
Mutual Funds - Strategy Overview Yes No
Mutual Funds - Performance Chart Yes No
Mutual Funds - Performance Analysis Yes No
Mutual Funds - Prospectus Yes No
Mutual Funds - 3rd Party Ratings 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
Options TradingFidelityeToro
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming Yes No
Option Chains - Total Columns 26 0
Option Chains - Greeks 5 4
Option Chains - Quick Analysis Yes Yes
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 - Greeks Streaming Yes No
Option Positions - Adv Analysis Yes No
Option Positions - Rolling Yes No
Option Positions - Grouping Yes No
BankingFidelityeToro
Bank (Member FDIC) No No
Checking Accounts No No
Savings Accounts No No
Credit Cards Yes No
Debit Cards Yes No
Mortgage Loans No No
Customer ServiceFidelityeToro
Phone Support (Prospect Customers) Yes No
Phone Support (Current Customers) Yes No
Email Support Yes Yes
Live Chat (Prospect Customers) Yes Yes
Live Chat (Current Customers) Yes Yes
24/7 Support Yes No
OverallFidelityeToro
Overall 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 2.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Mobile Trading Apps 5/5 Stars 3.5/5 Stars
Research 5/5 Stars 3/5 Stars
Education 5/5 Stars 2.5/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Fidelity Review eToro Review
  • check_box_outline_blankcheck_boxAlly Invest
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxE*TRADE
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSofi Invest
  • check_box_outline_blankcheck_boxtastytrade
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull

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Fidelity vs eToro Comparison

Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Fidelity vs eToro.

Is Fidelity or eToro better for beginners?

Fidelity offers more comprehensive new investor education for beginner investors than eToro. Fidelity offers investors access to 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 Fidelity vs eToro pricing?

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

Does Fidelity or eToro offer a wider range of investment options?

Fidelity offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, Mutual Funds and Advisor Services, while eToro offers investors access to Stock Trading, Fractional Shares and Options Trading. Neither have Futures Trading and Forex Trading. Looking at Mutual Funds, eToro trails Fidelity in its offering of no transaction fee (NTF) mutual funds, with Fidelity offering 3401 and eToro offering 0.

Which trading platform is better: Fidelity or eToro?

To compare the trading platforms of Fidelity and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fidelity offers a better experience. With research, Fidelity offers superior market research. Finally, we found Fidelity 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. Debit Cards and Credit Cards are offered by Fidelity while eToro offers none. Neither have Checking Accounts, Savings Accounts and Mortgage Loans.

Is Fidelity good?

Our top pick overall for 2023, Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.

Is eToro good?

Though its offerings have some limitations, eToro's approach will appeal to those interested in learning how to trade crypto or joining a crypto-focused community. 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.

Fidelity vs eToro Winner

Overall winner: Fidelity

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1 Fidelity Sell orders are subject to an activity assessment fee from $0.01 to $0.03 per $1,000 of principal. Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.
Reink Media Group is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

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