tastytrade vs eToro 2024
In this head to head comparison of tastytrade vs eToro, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
In this head to head comparison of tastytrade vs eToro, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
In a comparison of online brokers, tastytrade emerges as a more versatile platform for investment options compared to eToro. This is reflected in its higher rating of 4 stars for investment options, significantly surpassing eToro's 2.5 stars. Additionally, StockBrokers.com ranks tastytrade 11th out of 18 brokers, while eToro trails at 17th place. Tastytrade offers a more extensive range of trading opportunities, including options for margin trading, futures trading, and various IRA accounts, making it a suitable choice for diverse investment strategies.
Both tastytrade and eToro offer stock and options trading, providing users with the flexibility to manage portfolios that include both these asset types. They also allow for fractional shares trading, enabling investors to purchase smaller portions of high-priced stocks. However, it’s worthwhile to note that neither platform provides access to OTC stocks or mutual funds, narrowing the investment choices in this regard.
When it comes to cryptocurrency trading, both brokers extend their services but with significant differences in offerings. Tastytrade lists only 4 coins for crypto trading, while eToro provides access to a broader selection of 26 cryptocurrencies, allowing for greater diversification in that arena. Despite this, tastytrade's provision of futures trading and IRA accounts widens its appeal to investors seeking traditional and retirement account options, areas where eToro falls short. Neither platform offers advisor services, indicating a focus on self-directed trading. Overall, the breadth of investment options and account types positions tastytrade ahead of eToro for those requiring a broader suite of investment opportunities.
Feature |
tastytrade
|
eToro
|
---|---|---|
Stock Trading | Yes | Yes |
Margin Trading | Yes | No |
Fractional Shares | Yes | Yes |
OTC Stocks | No | No |
Mutual Funds | No | No |
Options Trading | Yes | Yes |
Futures Trading | Yes | No |
Crypto Trading | Yes | Yes |
Crypto Trading - Total Coins | 4 | 26 |
Investment Options |
Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024
In the realm of trading platforms and tools, tastytrade emerges as a compelling choice, securing a 4.5-star rating and a ranking of 6th among 18 brokers, as evaluated by StockBrokers.com. By contrast, eToro receives a 3.5-star rating and is placed 12th. This suggests that tastytrade offers a more advanced and user-friendly experience overall. This can be attributed to its comprehensive set of trading features, especially when it comes to downloadable platforms, technical tools, and charting capabilities that cater to both Windows and Mac users.
Additionally, tastytrade stands out with a robust selection of technical indicators, offering 308 compared to eToro's 46, and provides more customization opportunities with tools such as the ability to adjust open orders directly on a stock chart. While both platforms allow users to add notes to charts, display index overlays, and save multiple chart profiles, tastytrade goes further with features like showing historical trades and displaying corporate events on charts, enhancing its appeal for traders valuing in-depth chart analysis.
However, eToro does offer unique features like paper trading, which may appeal to novice traders looking to hone their skills without risking actual capital. While eToro’s web-based platform is accessible for more casual users, it lacks a desktop version, which could be a downside for those looking for more traditional desktop trading experiences that tastytrade readily provides.
Feature |
tastytrade
|
eToro
|
---|---|---|
Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | Yes | No |
Paper Trading | No | Yes |
Watch Lists - Total Fields | 33 | 7 |
Charting - Indicators / Studies | 308 | 46 |
Charting - Drawing Tools | 31 | 48 |
Platforms & Tools |
Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024
When comparing the educational capabilities of tastytrade and eToro for beginner investors, it becomes evident that tastytrade offers a more focused and comprehensive approach. Tastytrade excels with a wide array of educational resources, including dedicated stock, ETF, and options education, along with access to webinars that are appreciated by users for enhancing their learning journey. Even though tastytrade lacks certain features like paper trading and educational videos, it makes up for it by allowing users to track their learning progress, which is an essential aspect of a structured educational experience. Tastytrade's commitment to investor education is reflected in its 4-star rating for education and its position as #8 among 18 brokers in StockBrokers.com's rankings.
In contrast, eToro prioritizes a different educational approach, focusing on practical experience through paper trading and providing a wealth of educational videos. While it offers comprehensive stock education, its lack of coverage in ETFs and options is noticeable for those looking for a more diversified understanding of various securities. Despite offering more interactive methods like paper trading, eToro does not provide features like learning progress tracking or webinars. With a 2.5-star education rating and a #16 ranking according to StockBrokers.com, eToro has room for improvement to match the comprehensive educational framework provided by tastytrade.
Feature |
tastytrade
|
eToro
|
---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | No |
Education (Options) | Yes | No |
Education (Mutual Funds) | No | No |
Education (Bonds) | No | No |
Paper Trading | No | Yes |
Videos | No | Yes |
Webinars | Yes | No |
Education |
Dive deeper: Best Stock Trading Platforms for Beginners of 2024
Both tastytrade and eToro offer compelling stock trading apps with their own distinct strengths. Tastytrade is recognized for its well-rounded offerings, including mobile after-hours trading, options trading, and the ability to customize watch list columns. Additionally, tastytrade provides a comprehensive charting experience with features like after-hours charting and viewing in landscape mode. Despite its comprehensive features, tastytrade lacks technical studies, offering none in its app compared to eToro's 103. On the other side, eToro excels with its stock alerts, user-friendly customization options like creating watch lists, and a substantial library of on-demand videos, making it a versatile option for diverse trading needs. Nonetheless, both platforms share the same rating of 4.5 stars and close rankings by StockBrokers.com, with tastytrade at #10 and eToro at #11 out of 18 brokers.
Tastytrade's mobile app shines with its flexibility and focus on user customization, providing traders with essential tools such as the ability to view charts in multiple time frames and in landscape mode, crucial for in-depth analysis on mobile devices. The app ensures a seamless trading experience with handy features like mobile after-hours trading and options trading. While it surpasses eToro in watch list customization and after-hours charting, it lags in offering advanced technical studies and stock comparison displays on charts, which could be a consideration for traders who rely on these analytical tools.
In contrast, eToro's trading app is designed to cater to investors who value educational content and advanced analytics. Offering 103 technical studies, eToro provides traders with a robust toolkit for conducting detailed market analysis. Its availability of on-demand videos and stock alerts adds a layer of engagement and empowerment for users looking to stay informed. However, it falls short on some advanced customization features found in tastytrade, such as chart viewing in landscape mode and customization of watch list columns. Despite these differences, traders can expect a reliable and feature-rich experience from either platform, aligning with their unique trading preferences and goals.
Feature |
tastytrade
|
eToro
|
---|---|---|
iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | No |
Stock Alerts | No | Yes |
Charting - After-Hours | Yes | Yes |
Charting - Technical Studies | 0 | 103 |
Mobile Trading Apps |
Dive deeper: Best Stock Trading Apps for 2024
When comparing tastytrade and eToro, tastytrade stands out with its zero-dollar minimum deposit, providing a cost-effective entry point for new investors, whereas eToro requires a minimum deposit of $50. Both platforms offer commission-free trading on regular stock trades. However, eToro charges no fees for options trading and related activities, compared to tastytrade's $0.50 per contract and additional charges for options exercise and assignment. Overall, tastytrade offers competitive pricing for stock traders who don't mind the moderate options fees, whereas eToro might appeal to investors looking for fee-free options trading and a slightly higher barrier to entry.
For those seeking margin trading, tastytrade offers this service with rates that decrease as balances increase, starting from 11% on balances below $25,000 to 10% for amounts between $50,000 and $99,999. eToro, on the other hand, does not offer margin trading, which could be a consideration for traders looking to leverage their trades. When it comes to IRAs, tastytrade imposes a $60 closure fee but no annual fees, while eToro lacks specific IRA options.
Both platforms charge identical fees for account transfer services, with $75 for both partial and full transfers under the ACAT system. While eToro offers opportunities for fee-free trading in certain areas, tastytrade remains an approachable choice for those seeking a low-cost entry point and specific account structures, particularly if margin trading and detailed IRA custodial services are part of their investing strategy.
Feature |
tastytrade
|
eToro
|
---|---|---|
Minimum Deposit | $0.00 | $50.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.50 | $0.00 |
Options Exercise Fee | $5.00 | $0.00 |
Options Assignment Fee | $5.00 | $0.00 |
IRA Annual Fee | $0.00 | |
IRA Closure Fee | $60.00 | |
Commissions & Fees |
Dive deeper: Best Free Trading Platforms for 2024
When comparing the day trading capabilities of online brokers tastytrade and eToro, several differences stand out. Tastytrade offers features like streaming live TV, which can be particularly beneficial for traders seeking real-time market news, and ladder trading, providing a visual approach to placing orders. Additionally, tastytrade includes a short locator tool, allowing traders to view the real-time availability of shares for short selling, which can be a significant advantage for those seeking to implement short strategies.
eToro, on the other hand, distinguishes itself with its provision of streaming time and sales for stocks, an essential feature for day traders focusing on analyzing transactional data. However, both platforms fall short in several areas that could benefit day traders, such as the absence of direct market routing for stocks, trading hotkeys for quick keyboard trade entries, level 2 quotes, and both basic and advanced strategy backtesting. Neither broker offers order liquidity rebates, which might be a consideration for cost-conscious traders.
Feature |
tastytrade
|
eToro
|
---|---|---|
Streaming Time & Sales | No | Yes |
Streaming TV | Yes | No |
Direct Market Routing - Stocks | No | No |
Level 2 Quotes - Stocks | No | No |
Trade Ideas - Backtesting | No | No |
Trade Ideas - Backtesting Adv | No | No |
Short Locator | Yes | No |
Dive deeper: Best Day Trading Platforms for 2024
When considering market research capabilities, both tastytrade and eToro present distinct offerings, each suitable for different types of investors. While eToro takes the lead with a 3-star rating compared to tastytrade's 2.5 stars, the overall difference in rankings among brokers is marginal, with eToro positioned at #12 and tastytrade at #13 according to StockBrokers.com. The choice between these two platforms should be influenced by the specific research features an investor prioritizes.
Tastytrade is equipped with essential research tools, offering both stock and ETF research. Investors benefiting from tastytrade can access insights into portfolio allocation by asset class, a feature not available on eToro. However, tastytrade does lack in several areas such as mutual funds, pink sheets/OTCBB, and bonds research, and it does not provide a stock screener for trade ideas. Unfortunately, tastytrade also falls short in incorporating social media sentiment and ESG (Environmental, Social, and Governance) insights, which may be a drawback for some investors seeking comprehensive market perspectives.
eToro distinguishes itself with innovative research features, particularly by harnessing social media sentiment data and offering ESG research, making it an attractive option for investors with an interest in sustainable and socially responsible investing. However, like tastytrade, eToro does not provide downloadable PDF reports or screeners for stocks, ETFs, or mutual funds. Despite this, eToro's unique research tools and a slightly higher overall rating make it a compelling choice for investors focused on leveraging cutting-edge data to inform their trading decisions.
Feature |
tastytrade
|
eToro
|
---|---|---|
Research - Stocks | Yes | Yes |
Screener - Stocks | No | No |
Research - ETFs | Yes | Yes |
Screener - ETFs | No | No |
Research - Mutual Funds | No | No |
Screener - Mutual Funds | No | No |
Research - Bonds | No | No |
Screener - Bonds | No | No |
Research |
When evaluating the banking capabilities of online brokers tastytrade and eToro, it is clear that neither platform offers traditional banking services. Both tastytrade and eToro do not provide checking accounts, savings accounts, debit or credit cards, or mortgage loans. Additionally, neither platform offers certificates of deposit (CDs). For users seeking comprehensive banking features within their trading platforms, both tastytrade and eToro fall short, focusing solely on trading and investment services without integrating typical banking functionalities.
Feature |
tastytrade
|
eToro
|
---|---|---|
Checking Accounts | No | No |
Savings Accounts | No | No |
Debit Cards | No | No |
Credit Cards | No | No |
Mortgage Loans | No | No |
CDs | No | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2024
After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that tastytrade is better than eToro. tastytrade finished with an overall score of 84.9%, while eToro finished with a score of 76.7%.
Tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that make you feel like you’re on a trading desk.
Both tastytrade and eToro offer crypto trading, but while tastytrade provides access to 4 coins, eToro boasts a more extensive selection with 26 coins available for trading.
Dive deeper: Best Online Brokers for Crypto Trading in 2024
When comparing tastytrade to eToro, tastytrade offers both traditional and Roth IRA accounts with no annual fees, though it charges a $60.00 closure fee, whereas eToro does not provide IRA accounts at all.
Dive deeper: Best IRA Accounts for 2024
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0 of 5Overall Rating | tastytrade | eToro | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Customer Service | N/A | ||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | tastytrade Review | eToro Review |
Broker Screenshots | tastytrade | eToro | |
---|---|---|---|
Trading Platform & Tools Gallery (click to expand) | |||
Research Gallery (click to expand) | |||
Mobile Trading Apps Gallery (click to expand) | |||
Education Gallery (click to expand) |
Trading Fees | tastytrade | eToro | |
---|---|---|---|
Minimum Deposit | $0.00 | $50.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | N/A | N/A | |
Mutual Fund Trade Fee | N/A | N/A | |
Options (Per Contract) | $0.50 | $0.00 | |
Futures (Per Contract) | $1.25 | (Not offered) | |
Broker Assisted Trade Fee | $0 | $0 |
Margin Rates | tastytrade | eToro | |
---|---|---|---|
Margin Rate Under $25,000 | 11% | Not offered | |
Margin Rate $25,000 to $49,999.99 | 10.5% | Not offered | |
Margin Rate $50,000 to $99,999.99 | 10% | Not offered | |
Margin Rate $100,000 to $249,999.99 | 9.5% | Not offered | |
Margin Rate $250,000 to $499,999.99 | 9% | Not offered | |
Margin Rate $500,000 to $999,999.99 | 8.5% | Not offered | |
Margin Rate Above $1,000,000 | 8% | Not offered |
Account Fees | tastytrade | eToro | |
---|---|---|---|
IRA Annual Fee | $0.00 | ||
IRA Closure Fee | $60.00 | ||
Account Transfer Out (Partial) | $75.00 | $75.00 | |
Account Transfer Out (Full) | $75.00 | $75.00 | |
Options Exercise Fee | $5.00 | $0.00 | |
Options Assignment Fee | $5.00 | $0.00 |
Investment Options | tastytrade | eToro | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | No | |
Fractional Shares | Yes | Yes | |
OTC Stocks | No | No | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 0 | |
Futures Trading | Yes | No | |
Forex Trading | No | No | |
Crypto Trading | Yes | Yes | |
Crypto Trading - Total Coins | 4 | 26 | |
Mutual Funds (No Load) | 0 | 0 | |
Mutual Funds (Total) | 0 | 0 | |
Bonds (US Treasury) | No | No | |
Bonds (Corporate) | No | No | |
Bonds (Municipal) | No | No | |
Traditional IRAs | Yes | No | |
Roth IRAs | Yes | No | |
Advisor Services | No | No | |
International Countries (Stocks) | 0 | 0 |
Order Types | tastytrade | 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 | No | Yes | |
Order Type - OCO | Yes | No | |
Order Type - OTO | Yes | No | |
Order Type - Broker Assisted | Yes | No |
Beginners | tastytrade | eToro | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | No | |
Education (Options) | Yes | No | |
Education (Mutual Funds) | No | No | |
Education (Bonds) | No | No | |
Education (Retirement) | No | No | |
Retirement Calculator | No | No | |
Investor Dictionary | Yes | No | |
Paper Trading | No | Yes | |
Videos | No | Yes | |
Webinars | Yes | No | |
Webinars (Archived) | Yes | No | |
Progress Tracking | Yes | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | tastytrade | eToro | |
---|---|---|---|
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 |
Stock App Features | tastytrade | eToro | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | Yes | |
Stock Alerts | No | 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 |
Stock App Charting | tastytrade | eToro | |
---|---|---|---|
Charting - After-Hours | Yes | Yes | |
Charting - Can Turn Horizontally | Yes | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 0 | 103 | |
Charting - Study Customizations | No | Yes | |
Charting - Stock Comparisons | No | Yes |
Trading Platforms | tastytrade | eToro | |
---|---|---|---|
Active Trading Platform | tastytrade | N/A | |
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | Yes | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | No | Yes | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 33 | 7 |
Stock Chart Features | tastytrade | eToro | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 308 | 46 | |
Charting - Drawing Tools | 31 | 48 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | 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 | Yes | Yes | |
Trade Ideas - Technical Analysis | No | Yes | |
Charting - Study Customizations | 7 | 5 | |
Charting - Custom Studies | Yes | No |
Day Trading | tastytrade | eToro | |
---|---|---|---|
Streaming Time & Sales | No | Yes | |
Streaming TV | Yes | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | Yes | No | |
Trade Hotkeys | No | No | |
Level 2 Quotes - Stocks | No | No | |
Trade Ideas - Backtesting | No | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | Yes | No | |
Order Liquidity Rebates | No | No |
Research Overview | tastytrade | eToro | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | No | No | |
Research - Pink Sheets / OTCBB | No | No | |
Research - Bonds | No | No | |
Screener - Stocks | No | No | |
Screener - ETFs | No | No | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | No | |
Misc - Portfolio Allocation | Yes | No |
Stock Research | tastytrade | eToro | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | No | Yes | |
Stock Research - Insiders | No | Yes | |
Stock Research - Social | No | Yes | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | No | Yes | |
Stock Research - SEC Filings | No | Yes |
ETF Research | tastytrade | eToro | |
---|---|---|---|
ETFs - Strategy Overview | No | Yes | |
ETF Fund Facts - Inception Date | No | No | |
ETF Fund Facts - Expense Ratio | No | No | |
ETF Fund Facts - Net Assets | No | No | |
ETF Fund Facts - Total Holdings | No | No | |
ETFs - Top 10 Holdings | No | No | |
ETFs - Sector Exposure | No | No | |
ETFs - Risk Analysis | Yes | No | |
ETFs - Ratings | No | Yes | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | tastytrade | eToro | |
---|---|---|---|
Mutual Funds - Strategy Overview | No | No | |
Mutual Funds - Performance Chart | No | No | |
Mutual Funds - Performance Analysis | No | No | |
Mutual Funds - Prospectus | No | No | |
Mutual Funds - 3rd Party Ratings | No | No | |
Mutual Funds - Fees Breakdown | No | No | |
Mutual Funds - Top 10 Holdings | No | No | |
Mutual Funds - Asset Allocation | No | No | |
Mutual Funds - Sector Allocation | No | No | |
Mutual Funds - Country Allocation | No | No | |
Mutual Funds - StyleMap | No | No |
Options Trading | tastytrade | eToro | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | No | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 20 | 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 |
Banking | tastytrade | eToro | |
---|---|---|---|
Bank (Member FDIC) | No | No | |
Checking Accounts | No | No | |
Savings Accounts | No | No | |
Credit Cards | No | No | |
Debit Cards | No | No | |
Mortgage Loans | No | No |
Customer Service | tastytrade | eToro | |
---|---|---|---|
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 |
Overall | tastytrade | eToro | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | tastytrade Review | eToro Review |