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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