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tastytrade vs eToro 2023

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Written by StockBrokers.com

April 11, 2023

Is tastytrade better than eToro? After testing 17 of the best online brokers over three months, tastytrade (81.30%) is better than eToro (72.74%). 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.

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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 RatingtastytradeeToro
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 2.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Mobile Trading Apps 4/5 Stars 3.5/5 Stars
Research 2/5 Stars 3/5 Stars
Customer Service 4.0/5 Stars N/A
Education 4.5/5 Stars 2.5/5 Stars
Ease Of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review tastytrade Review eToro Review
Trading FeestastytradeeToro
Minimum Deposit $0.00 $10.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) N/A N/A
Mutual Fund Trade Fee N/A N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.50 info $0.00
Futures (Per Contract) $1.25 N/A
Broker Assisted Trade Fee $0 $0
Margin RatestastytradeeToro
Margin Rate Under $25,000 11.00% Varies
Margin Rate $25,000 to $49,999.99 10.50% Varies
Margin Rate $50,000 to $99,999.99 10.00% Varies
Margin Rate $100,000 to $249,999.99 9.50% Varies
Margin Rate $250,000 to $499,999.99 9.00% Varies
Margin Rate $500,000 to $999,999.99 8.50% Varies
Margin Rate Above $1,000,000 8.00% Varies
Account FeestastytradeeToro
IRA Annual Fee $0.00
IRA Closure Fee $60.00
Account Transfer Out (Partial) $75.00
Account Transfer Out (Full) $75.00
Options Exercise Fee $5.00 $0.00
Options Assignment Fee $5.00 $0.00
Investment OptionstastytradeeToro
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 25 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
Advisor Services No No
International Countries (Stocks) 0 0
Order TypestastytradeeToro
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
BeginnerstastytradeeToro
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 No No
Interactive Learning - Quizzes No No
Stock Trading AppstastytradeeToro
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 FeaturestastytradeeToro
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No No
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
Watch Lists - Total Fields 33 7
Stock App ChartingtastytradeeToro
Charting - After-Hours Yes No
Charting - Can Turn Horizontally Yes No
Charting - Multiple Time Frames No Yes
Charting - Technical Studies 0 5
Charting - Study Customizations No Yes
Charting - Stock Comparisons No No
Trading PlatformstastytradeeToro
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 FeaturestastytradeeToro
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 308 46
Charting - Drawing Tools 19 13
Charting - Notes Yes Yes
Charting - Index Overlays No Yes
Charting - Historical Trades Yes No
Charting - Corporate Events No 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 No No
Day TradingtastytradeeToro
Streaming Time & Sales No Yes
Streaming TV Yes 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 Yes No
Order Liquidity Rebates No No
Research OverviewtastytradeeToro
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 No No
Stock ResearchtastytradeeToro
Stock Research - PDF Reports 0 0
Stock Research - Earnings No Yes
Stock Research - Insiders No Yes
Stock Research - Social No Yes
Stock Research - News No Yes
Stock Research - ESG No Yes
Stock Research - SEC Filings No Yes
ETF ResearchtastytradeeToro
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 ResearchtastytradeeToro
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 TradingtastytradeeToro
Option Chains - Basic View Yes Yes
Option Chains - Strategy View No No
Option Chains - Streaming Yes No
Option Chains - Total Columns 7 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
BankingtastytradeeToro
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 ServicetastytradeeToro
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
OveralltastytradeeToro
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 2.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Mobile Trading Apps 4/5 Stars 3.5/5 Stars
Research 2/5 Stars 3/5 Stars
Education 4.5/5 Stars 2.5/5 Stars
Ease Of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review tastytrade Review eToro Review
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tastytrade 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 tastytrade vs eToro.

Is tastytrade or eToro better for beginners?

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

What about tastytrade vs eToro pricing?

tastytrade and eToro charge the same amount for regular stock trades, $0.00. Option contracts are pricier at tastytrade, costing $0.50 per contract versus $0.00 per contract at eToro. For a complete commissions summary, see our best brokers for free stock trading guide.

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

tastytrade offers investors access to Stock Trading, Fractional Shares, Options Trading and Futures Trading, while eToro offers investors access to Stock Trading, Fractional Shares and Options Trading. Neither have OTC Stocks, Mutual Funds, Forex Trading and Advisor Services. Looking at Mutual Funds, tastytrade and eToro both provide customers access to 0 no transaction fee (NTF) mutual funds.

Which trading platform is better: tastytrade or eToro?

To compare the trading platforms of tastytrade and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, tastytrade offers a better experience. With research, eToro offers superior market research. Finally, we found tastytrade 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. Neither tastytrade nor eToro offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. Neither have Mortgage Loans.

Is tastytrade good?

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.

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.

tastytrade vs eToro Winner

Overall winner: tastytrade

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tastytrade vs Ally Invest tastytrade vs Fidelity tastytrade vs Interactive Brokers tastytrade vs Vanguard tastytrade vs Merrill Edge tastytrade vs eToro eToro vs Merrill Edge eToro vs Charles Schwab eToro vs Fidelity eToro vs Webull eToro vs J.P. Morgan Self-Directed Investing eToro vs Sofi Invest

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tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Marketing Agent (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. tastytrade was previously known as tastyworks, Inc.
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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