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Firstrade vs eToro 2023

StockBrokers.com

Written by StockBrokers.com

April 11, 2023

Is Firstrade better than eToro? After testing 17 of the best online brokers over three months, Firstrade (87.80%) is better than eToro (72.74%). Firstrade scored well in our 2023 Annual Review for ease of use, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education.

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  • 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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Overall RatingFirstradeeToro
Overall 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 2.5/5 Stars
Platforms & Tools 3.5/5 Stars 3.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Customer Service 3.0/5 Stars N/A
Education 3.5/5 Stars 2.5/5 Stars
Ease Of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review Firstrade Review eToro Review
Trading FeesFirstradeeToro
Minimum Deposit $0.00 $10.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) $0.00 N/A
Mutual Fund Trade Fee $0 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.00 $0.00
Futures (Per Contract) N/A N/A
Broker Assisted Trade Fee $19.95 $0
Margin RatesFirstradeeToro
Margin Rate Under $25,000 13.25% Varies
Margin Rate $25,000 to $49,999.99 13.00% Varies
Margin Rate $50,000 to $99,999.99 12.50% Varies
Margin Rate $100,000 to $249,999.99 12.00% Varies
Margin Rate $250,000 to $499,999.99 11.75% Varies
Margin Rate $500,000 to $999,999.99 9.85% Varies
Margin Rate Above $1,000,000 9.25% Varies
Account FeesFirstradeeToro
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Account Transfer Out (Partial) $55.00
Account Transfer Out (Full) $75.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment OptionsFirstradeeToro
Stock Trading Yes Yes
Margin Trading Yes No
Fractional Shares No 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 Yes Yes
Crypto Trading - Total Coins 38 26
Mutual Funds (No Load) 13777 0
Mutual Funds (Total) 19027 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services No No
International Countries (Stocks) 0 0
Order TypesFirstradeeToro
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
BeginnersFirstradeeToro
Education (Stocks) Yes Yes
Education (ETFs) No No
Education (Options) Yes No
Education (Mutual Funds) No No
Education (Bonds) No 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 No No
Interactive Learning - Quizzes No No
Stock Trading AppsFirstradeeToro
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App No 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
SB Gallery - Mobile Apps
Stock App FeaturesFirstradeeToro
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No 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 50 7
Stock App ChartingFirstradeeToro
Charting - After-Hours No No
Charting - Can Turn Horizontally Yes No
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 81 5
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons No No
Trading PlatformsFirstradeeToro
Active Trading Platform Firstrade Navigator N/A
Desktop Trading Platform No No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Paper Trading No Yes
Trade Journal No No
Watch Lists - Total Fields 50 7
Stock Chart FeaturesFirstradeeToro
Charting - Adjust Trades on Chart No No
Charting - Indicators / Studies 102 46
Charting - Drawing Tools 8 13
Charting - Notes No Yes
Charting - Index Overlays Yes Yes
Charting - Historical Trades No No
Charting - Corporate Events Yes No
Charting - Custom Date Range No No
Charting - Custom Time Bars No No
Charting - Automated Analysis No No
Charting - Save Profiles No Yes
Trade Ideas - Technical Analysis No Yes
Charting - Study Customizations 6 5
Charting - Custom Studies No No
Day TradingFirstradeeToro
Streaming Time & Sales No Yes
Streaming TV No No
Direct Market Routing - Stocks No No
Ladder Trading No No
Trade Hot Keys No No
Level 2 Quotes - Stocks No No
Trade Ideas - Backtesting No No
Trade Ideas - Backtesting Adv No No
Short Locator No No
Order Liquidity Rebates No No
Research OverviewFirstradeeToro
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 ResearchFirstradeeToro
Stock Research - PDF Reports 1 0
Stock Research - Earnings Yes Yes
Stock Research - Insiders Yes Yes
Stock Research - Social No Yes
Stock Research - News Yes Yes
Stock Research - ESG No Yes
Stock Research - SEC Filings Yes Yes
ETF ResearchFirstradeeToro
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 ResearchFirstradeeToro
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 TradingFirstradeeToro
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming No No
Option Chains - Total Columns 8 0
Option Chains - Greeks 5 4
Option Chains - Quick Analysis No Yes
Option Analysis - P&L Charts Yes No
Option Probability Analysis No No
Option Probability Analysis Adv Yes No
Option Positions - Greeks No No
Option Positions - Greeks Streaming No No
Option Positions - Adv Analysis No No
Option Positions - Rolling Yes No
Option Positions - Grouping No No
BankingFirstradeeToro
Bank (Member FDIC) No No
Checking Accounts Yes No
Savings Accounts No No
Credit Cards No No
Debit Cards Yes No
Mortgage Loans No No
Customer ServiceFirstradeeToro
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 No No
OverallFirstradeeToro
Overall 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 2.5/5 Stars
Platforms & Tools 3.5/5 Stars 3.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 2.5/5 Stars
Ease Of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review Firstrade Review eToro Review
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Firstrade 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 Firstrade vs eToro.

Is Firstrade or eToro better for beginners?

Firstrade offers more comprehensive new investor education for beginner investors than eToro. Firstrade offers investors access to Videos, Education (Stocks), Education (Options) and Education (Retirement), while eToro offers investors access to Paper Trading, Videos and Education (Stocks). Neither have Education (ETFs), Education (Mutual Funds) and Education (Bonds). See our guide to Best Paper Trading Platforms for more.

What about Firstrade vs eToro pricing?

Firstrade and eToro charge the same amount for regular stock trades, $0.00. Firstrade and eToro both charge $0.00 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.

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

Firstrade offers investors access to Stock Trading, Options Trading, OTC Stocks and Mutual Funds, while eToro offers investors access to Stock Trading, Fractional Shares and Options Trading. Neither have Futures Trading, Forex Trading and Advisor Services. Looking at Mutual Funds, eToro trails Firstrade in its offering of no transaction fee (NTF) mutual funds, with Firstrade offering 3767 and eToro offering 0.

Which trading platform is better: Firstrade or eToro?

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

Is Firstrade good?

Firstrade scored well in our 2023 Annual Review for ease of use, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education.

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.

Firstrade vs eToro Winner

Overall winner: Firstrade

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Firstrade vs Sofi Invest Firstrade vs Fidelity Firstrade vs Vanguard Firstrade vs Robinhood Firstrade vs Charles Schwab Firstrade vs TD Ameritrade eToro vs E*TRADE eToro vs Interactive Brokers eToro vs Tradier eToro vs Firstrade eToro vs Merrill Edge eToro vs J.P. Morgan Self-Directed Investing

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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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