Robinhood vs eToro 2024
In this head to head comparison of Robinhood 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 Robinhood vs eToro, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
When comparing investment options between Robinhood and eToro, Robinhood emerges as the slightly more versatile platform, offering features such as stock trading, margin trading, and both traditional and Roth IRA accounts, alongside options and crypto trading. While both platforms facilitate fractional shares trading and don't support OTC stocks, mutual funds, forex, or futures trading, Robinhood's inclusion of retirement accounts and margin trading gives it an edge, reflected in its 3.5-star rating over eToro's 2.5 stars for investment options.
Both Robinhood and eToro cater to investors interested in trading stocks, options, and cryptocurrencies. Robinhood offers a greater variety of account types with its IRAs, an appealing feature for those considering retirement planning within their investment strategies. In terms of crypto offerings, eToro slightly surpasses Robinhood by providing access to 26 coins compared to Robinhood's 20. On the other hand, investors seeking margin trading will find Robinhood more accommodating, as eToro does not offer this option.
In summary, though Robinhood and eToro share many similar functionalities, such as excluding mutual funds and futures trading, Robinhood's broader scope in account offerings and margin trading capability enriches its platform's appeal. These distinctions contribute to Robinhood ranking 14th among 18 brokers for investment options by StockBrokers.com, as opposed to eToro, which ranks 17th. Ultimately, investors’ choice between the two will depend on their specific needs and priorities, especially concerning retirement accounts and margin trading.
Feature |
Robinhood
|
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 | No | No |
Crypto Trading | Yes | Yes |
Crypto Trading - Total Coins | 20 | 26 |
Investment Options |
Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024
When weighing the pros and cons of Robinhood and eToro for trading platforms and tools, it's evident that each offers unique advantages tailored to different trading preferences. Overall, eToro scores slightly higher with a 3.5-star rating, compared to Robinhood's 3 stars. Additionally, eToro is ranked #12 out of 18 brokers, just one spot above Robinhood at #13, according to StockBrokers.com. This suggests a marginal edge for eToro over Robinhood in terms of platform features and user satisfaction.
Both Robinhood and eToro lack downloadable desktop trading platforms for Windows and Mac, relying instead on browser-based platforms to serve their users. While they both enable browser-based trading, eToro offers advanced features like paper trading, which Robinhood does not provide. eToro also boasts a more comprehensive offering with 46 technical indicators and 48 drawing tools for charting, compared to Robinhood's 16 indicators and 23 tools. However, Robinhood holds an edge in chart customization, allowing traders to adjust open orders directly on stock charts and set custom date ranges, features that eToro lacks.
When it comes to organizational features and user-specific preferences, eToro offers a more extensive watch list with 7 fields compared to Robinhood's 3. Both platforms allow users to add notes and index overlays to charts, and neither supports historical trades or corporate events display on charts. Also, neither platform offers automated technical analysis or the ability to create custom studies. Nonetheless, both Robinhood and eToro allow users to save multiple chart profiles, ensuring a degree of flexibility in chart management. Despite these similarities, eToro provides more customizable fields for SMA study editing, showcasing its broader scope for technical analysis, which could be a deciding factor for experienced traders.
Feature |
Robinhood
|
eToro
|
---|---|---|
Web Trading Platform | Yes | Yes |
Desktop Trading Platform | No | No |
Desktop Platform (Mac) | No | No |
Paper Trading | No | Yes |
Watch Lists - Total Fields | 3 | 7 |
Charting - Indicators / Studies | 16 | 46 |
Charting - Drawing Tools | 23 | 48 |
Platforms & Tools |
Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024
When comparing the educational resources of Robinhood and eToro for beginner investors, each platform offers distinct strengths. Robinhood provides education on stocks, ETFs, and options, making it a versatile choice for those keen on diversifying their portfolios. It also hosts webinars, fostering direct interaction and learning opportunities, although it lacks educational videos and paper trading features. Overall, Robinhood garners a solid 3.5-star rating for its educational offerings and ranks #10 out of 18 brokers according to StockBrokers.com.
eToro, on the other hand, specializes in stock education and uniquely offers paper trading, allowing beginners to gain hands-on experience without financial risk. Its educational videos serve as a valuable resource for visual learners, supplementing the content available on the platform. However, eToro falls short in providing education on ETFs and options, and it does not facilitate learning through webinars or quizzes. Consequently, eToro has a 2.5-star rating in education, with a ranking of #16 amongst its peers by StockBrokers.com. Aspiring investors may choose between these platforms based on their educational priorities and learning preferences.
Feature |
Robinhood
|
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
When comparing Robinhood and eToro for their stock trading app capabilities, both platforms offer versatile mobile access and a user-friendly experience on iPhone and Android devices, as well as consistent high ratings of 4.5 stars for their apps. Robinhood, ranking ninth out of eighteen brokers according to StockBrokers.com, edges ahead with unique features like an Apple Watch app, mobile after-hours stock trading, and the ability to customize watch list columns. In contrast, eToro, coming in at the eleventh spot, provides a broader set of technical studies and additional functionality such as videos on demand. These distinctions help traders choose the app that best fits their specific needs.
Both Robinhood and eToro offer intuitive mobile apps that facilitate stock trading on iPhone and Android devices, combined with features like stock alerts and the option to create custom watch lists. While Robinhood provides mobile after-hours trading, a rare feature among traders, eToro compensates by offering an extensive 103 technical studies for charting in its mobile app, compared to Robinhood's six. Additionally, eToro offers the unique ability to display stock comparisons on charts, further enhancing its analytical tools for users.
Robinhood's app extends usability to the Apple Watch, enabling quick and easy management for users on the go, while its after-hours stock trading and customizable watch list columns grant additional flexibility and personalization. However, eToro distinguishes itself with the ability to offer videos on demand, enriching users' experiences by providing educational and market-related content. This diversity in features makes both apps competitive, each catering to different types of stock traders depending on their preferences for technical analysis and multimedia content.
Feature |
Robinhood
|
eToro
|
---|---|---|
iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | Yes | No |
Stock Alerts | Yes | Yes |
Charting - After-Hours | Yes | Yes |
Charting - Technical Studies | 6 | 103 |
Mobile Trading Apps |
Dive deeper: Best Stock Trading Apps for 2024
When comparing Robinhood and eToro in terms of account fees and other charges, both platforms provide competitive options for investors, although certain costs and features may attract different types of users. Robinhood stands out for its absence of a minimum deposit requirement, while eToro sets this threshold at $50.00. Both platforms offer commission-free trading for regular stock trades and options trading. However, Robinhood charges tiered interest rates for margin balances whereas eToro does not provide margin accounts. Additionally, eToro incurs lower partial and full account transfer fees, making it more appealing for users who prioritize flexibility in switching services.
Robinhood offers users the advantage of no fees for IRA annual maintenance or closure, an appealing factor for those focusing on retirement investments. On the other hand, those considering regular account transfers may find eToro more cost-effective due to its lower fees of $75 compared to Robinhood's $100 fee per transfer. Despite this, the absence of margin accounts on eToro may be a limitation for more advanced traders who require this functionality and could, therefore, lean towards the offerings of Robinhood.
In terms of options trading, both Robinhood and eToro shine with zero fees for options exercise and assignment, making them equally attractive for those focused on options strategies. However, for users requiring access to margin, Robinhood's structured interest rates and capacity to accommodate different margin ranges provide a tailored experience for users with varying account balances. While small differences in account transfer fees may sway some towards eToro, the overall choice may hinge on the individual's financial strategy, specific trading needs, and preferred account management features.
Feature |
Robinhood
|
eToro
|
---|---|---|
Minimum Deposit | $0.00 | $50.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.00 | $0.00 |
Options Exercise Fee | $0.00 | $0.00 |
Options Assignment Fee | $0.00 | $0.00 |
IRA Annual Fee | $0.00 | |
IRA Closure Fee | $0.00 | |
Commissions & Fees |
Dive deeper: Best Free Trading Platforms for 2024
When comparing Robinhood and eToro for day trading capabilities, it's essential to consider the features each platform offers. Robinhood provides ladder trading, which can be a helpful tool for traders looking to visualize price movements, but it lacks the feature of streaming time and sales for stocks, which eToro offers, giving traders a dynamic view of market activities in real-time. Both platforms, unfortunately, do not support streaming live TV, direct market routing for stocks, or use of trading hotkeys for keyboard trade entry, which can limit quick trade execution.
Moreover, neither Robinhood nor eToro provides level 2 quotes or any form of strategy backtesting—basic or advanced—which can be crucial for traders looking to test trading strategies before committing to real trades. Both platforms also fall short in offering a short locator tool or order liquidity rebates, making it challenging for users who prioritize short selling and cost-effective trading. As a result, day traders might need to consider what specific features are most important for their strategies when choosing between Robinhood and eToro.
Feature |
Robinhood
|
eToro
|
---|---|---|
Streaming Time & Sales | No | Yes |
Streaming TV | No | 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 | No | No |
Dive deeper: Best Day Trading Platforms for 2024
When it comes to market research capabilities, Robinhood and eToro each have their strengths, but overall, eToro holds a slight edge. eToro is better rated with 3 stars compared to Robinhood's 2.5 stars and ranks 12th amongst 18 brokers as per StockBrokers.com, while Robinhood sits at 14th place. Both platforms offer stock and ETF research, but neither supports mutual fund or bond research. For stock research, Robinhood allows access to Pink Sheets/OTCBB, which eToro lacks. However, eToro provides unique insights into stocks through social media sentiment data, a feature not available with Robinhood. Additionally, eToro offers ESG research capabilities, whereas Robinhood does not.
Both platforms fall short when it comes to portfolio analytics, as neither offers tools to view portfolio allocation by asset class. In terms of downloadable PDF reports, both platforms also underdeliver, offering none across stocks, ETFs, or mutual funds. This offers limited opportunities for investors to access detailed research documents directly from either service. However, Robinhood does provide a stock screener for trade ideas, which is valuable for users looking to streamline their investment choices, a feature that is absent in eToro’s offerings. No screeners are available for ETFs, mutual funds, or bonds on either platform, indicating a gap in comprehensive trade-idea generation tools.
Whether you choose Robinhood or eToro largely hinges on your investment style and research preferences. Robinhood caters to those interested in exploring less traditional markets like Pink Sheets/OTCBB, while eToro suits investors looking for deeper analysis using ESG data and social media sentiment. Both platforms cater well to stock and ETF research but fall short in offering mutual funds, bond research, portfolio allocation tools, and downloadable reports, leaving room for improvement in their research offerings.
Feature |
Robinhood
|
eToro
|
---|---|---|
Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | 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 assessing the banking features of online brokers Robinhood and eToro, it's important to note that neither platform currently offers traditional checking or savings accounts. Both Robinhood and eToro also lack options for certificates of deposit (CDs), making them less suited for conventional banking needs. However, Robinhood does provide a debit card service, which eToro does not offer. Neither Robinhood nor eToro offers credit card services or mortgage loans, focusing instead on their core investment services rather than comprehensive banking solutions. For investors seeking a platform with some level of banking capability, Robinhood's inclusion of a debit card may offer a slight edge over eToro.
Feature |
Robinhood
|
eToro
|
---|---|---|
Checking Accounts | No | No |
Savings Accounts | No | No |
Debit Cards | Yes | 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 Robinhood is better than eToro. Robinhood finished with an overall score of 84.5%, while eToro finished with a score of 76.7%.
Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.
Both Robinhood and eToro offer crypto trading, but while Robinhood provides access to 20 coins, eToro offers a slightly larger selection with 26 coins available for traders. Consider each platform's coin variety when deciding the best fit for your cryptocurrency trading needs.
Dive deeper: Best Online Brokers for Crypto Trading in 2024
When comparing online brokers, Robinhood provides more comprehensive retirement account options, offering both traditional and Roth IRA accounts with no annual or closure fees, whereas eToro does not offer IRA accounts at all.
Dive deeper: Best IRA Accounts for 2024
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0 of 5Overall Rating | Robinhood | eToro | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Customer Service | N/A | N/A | |
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | Robinhood Review | eToro Review |
Broker Screenshots | Robinhood | 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 | Robinhood | 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) | $0.00 | $0.00 | |
Futures (Per Contract) | (Not offered) | (Not offered) | |
Broker Assisted Trade Fee | N/A | $0 |
Margin Rates | Robinhood | eToro | |
---|---|---|---|
Margin Rate Under $25,000 | 6.25% | Not offered | |
Margin Rate $25,000 to $49,999.99 | 6.05% | Not offered | |
Margin Rate $50,000 to $99,999.99 | 5.8% | Not offered | |
Margin Rate $100,000 to $249,999.99 | 5.75% | Not offered | |
Margin Rate $250,000 to $499,999.99 | 5.75% | Not offered | |
Margin Rate $500,000 to $999,999.99 | 5.75% | Not offered | |
Margin Rate Above $1,000,000 | 5.5% | Not offered |
Account Fees | Robinhood | eToro | |
---|---|---|---|
IRA Annual Fee | $0.00 | ||
IRA Closure Fee | $0.00 | ||
Account Transfer Out (Partial) | $100.00 | $75.00 | |
Account Transfer Out (Full) | $100.00 | $75.00 | |
Options Exercise Fee | $0.00 | $0.00 | |
Options Assignment Fee | $0.00 | $0.00 |
Investment Options | Robinhood | 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 | No | No | |
Forex Trading | No | No | |
Crypto Trading | Yes | Yes | |
Crypto Trading - Total Coins | 20 | 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 | Robinhood | 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 | Yes | Yes | |
Order Type - OCO | No | No | |
Order Type - OTO | No | No | |
Order Type - Broker Assisted | No | No |
Beginners | Robinhood | 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) | No | No | |
Progress Tracking | No | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | Robinhood | eToro | |
---|---|---|---|
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 Features | Robinhood | eToro | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | Yes | |
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 |
Stock App Charting | Robinhood | eToro | |
---|---|---|---|
Charting - After-Hours | Yes | Yes | |
Charting - Can Turn Horizontally | No | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 6 | 103 | |
Charting - Study Customizations | Yes | Yes | |
Charting - Stock Comparisons | No | Yes |
Trading Platforms | Robinhood | eToro | |
---|---|---|---|
Active Trading Platform | Robinhood Legend | 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 | 3 | 7 |
Stock Chart Features | Robinhood | eToro | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 16 | 46 | |
Charting - Drawing Tools | 23 | 48 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | No | No | |
Charting - Corporate Events | No | No | |
Charting - Custom Date Range | Yes | No | |
Charting - Custom Time Bars | Yes | No | |
Charting - Automated Analysis | No | No | |
Charting - Save Profiles | Yes | Yes | |
Trade Ideas - Technical Analysis | No | Yes | |
Charting - Study Customizations | 1 | 5 | |
Charting - Custom Studies | No | No |
Day Trading | Robinhood | eToro | |
---|---|---|---|
Streaming Time & Sales | No | Yes | |
Streaming TV | No | 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 | No | No | |
Order Liquidity Rebates | No | No |
Research Overview | Robinhood | eToro | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | No | No | |
Research - Pink Sheets / OTCBB | Yes | No | |
Research - Bonds | No | No | |
Screener - Stocks | Yes | No | |
Screener - ETFs | No | No | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | No | |
Misc - Portfolio Allocation | No | No |
Stock Research | Robinhood | eToro | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | Yes | 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 | Robinhood | eToro | |
---|---|---|---|
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 | No | No | |
ETFs - Ratings | No | Yes | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | Robinhood | 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 | Robinhood | eToro | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | No | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 17 | 0 | |
Option Chains - Greeks | 5 | 4 | |
Option Chains - Quick Analysis | Yes | Yes | |
Option Analysis - P&L Charts | Yes | No | |
Option Probability Analysis | No | No | |
Option Probability Analysis Adv | No | No | |
Option Positions - Greeks | Yes | No | |
Option Positions - Greeks Streaming | Yes | No | |
Option Positions - Adv Analysis | No | No | |
Option Positions - Rolling | Yes | No | |
Option Positions - Grouping | Yes | No |
Banking | Robinhood | eToro | |
---|---|---|---|
Bank (Member FDIC) | No | No | |
Checking Accounts | No | No | |
Savings Accounts | No | No | |
Credit Cards | No | No | |
Debit Cards | Yes | No | |
Mortgage Loans | No | No |
Customer Service | Robinhood | eToro | |
---|---|---|---|
Phone Support (Prospect Customers) | No | No | |
Phone Support (Current Customers) | Yes | No | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | No | Yes | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | Yes | No |
Overall | Robinhood | eToro | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | Robinhood Review | eToro Review |