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.
In the ever-evolving landscape of online trading platforms, Robinhood and eToro each offer distinct advantages and limitations, helping users navigate their investment choices. Robinhood provides a broader array of trading options, including stock, margin, fractional shares, over-the-counter (OTC) stocks, options, and cryptocurrencies, alongside traditional and Roth IRA accounts. Meanwhile, eToro focuses on a more limited but diverse set of offerings, with stock, fractional share, options, and crypto trading, though it lacks margin trading and IRA account options. Robinhood receives a slightly higher rating of 3.5 stars out of 5 for investment options, ranking 14th out of 18 brokers, while eToro follows with 2.5 stars and a 17th place rank.
Both Robinhood and eToro allow users to trade stocks, offering flexibility for those looking to diversify their portfolios. With fractional share trading, investors on either platform can engage with high-value stocks without needing substantial capital. While Robinhood provides the advantage of margin trading, a feature absent from eToro, both platforms permit options trading. However, when it comes to OTC stocks, only Robinhood provides access, further enhancing its appeal to those seeking a wider range of investment opportunities.
In the realm of cryptocurrency trading, Robinhood and eToro both provide access to digital currencies, although eToro offers a slightly larger selection, with 26 coins compared to Robinhood's 19. However, neither platform offers mutual funds, forex, or futures trading, keeping their focus primarily on stocks, options, and crypto markets. While both platforms forego advisor services, Robinhood's ability to support traditional and Roth IRA accounts serves as a notable advantage for those interested in retirement planning. These distinctions underscore each platform's unique approach to fulfilling investor needs.
Feature |
Robinhood
|
eToro
|
---|---|---|
Stock Trading | Yes | Yes |
Margin Trading | Yes | No |
Fractional Shares | Yes | Yes |
OTC Stocks | Yes | No |
Mutual Funds | No | No |
Options Trading | Yes | Yes |
Futures Trading | No | No |
Crypto Trading | Yes | Yes |
Crypto Trading - Total Coins | 19 | 26 |
Investment Options |
Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024
When it comes to choosing between Robinhood and eToro for their trading platforms and tools, there are notable distinctions that potential users should consider. Robinhood offers a basic browser-based trading experience, which is straightforward but lacks advanced features. In contrast, eToro's browser-based platform provides a richer toolkit for traders, featuring a broader selection of technical and drawing tools for charting, as well as the capability to add notes and index overlays to charts. These features contribute to eToro's higher rating of 3.5 stars compared to Robinhood's 3 stars, according to user reviews.
While neither platform offers a downloadable trading application for Windows or Mac, both compensate with accessible browser-based solutions. eToro distinguishes itself with the inclusion of paper trading, allowing users to practice trading without risking real funds—an advantage not present in Robinhood's offerings. Additionally, eToro supports up to seven columns for watch lists, significantly more than Robinhood’s three, accommodating a more detailed overview of market activities for users who require robust portfolio tracking.
Despite these differences, there are areas where both platforms lag in comparison to competitors. Neither Robinhood nor eToro allow users to adjust open orders directly on stock charts, nor do they support historical trade displays or custom date range settings on their charts. Similarly, both platforms lack the feature to show corporate events on chart views or to demonstrate automated technical analysis. With Robinhood ranked #13 and eToro slightly higher at #12 out of 18 brokers by StockBrokers.com for trading platforms and tools, both have room for improvement to fully meet the needs of more sophisticated 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 | 6 | 46 |
Charting - Drawing Tools | 0 | 48 |
Platforms & Tools |
Dive deeper: Best Stock Brokers for 2024, Best Paper Trading Platforms of 2024
When it comes to providing basic educational resources for beginner investors, Robinhood and eToro present different strengths. Robinhood offers educational materials mainly in the areas of stock and options trading, which can be advantageous for those starting to explore these investment avenues. On the other hand, eToro focuses less on options and instead provides a more interactive learning experience with features like paper trading and educational videos, which can be highly beneficial for novices looking to practice without financial risk.
Despite these differences, both platforms have room for improving their educational offerings. Robinhood achieves a slightly higher education rating of 3.5 stars compared to eToro’s 2.5 stars, according to StockBrokers.com. Robinhood is ranked 10th among 18 brokers for education capabilities, whereas eToro is positioned at 16th. While Robinhood’s educational content is more limited in format, eToro's inclusion of paper trading and educational videos could be appealing to learners who appreciate hands-on practice. However, neither platform offers comprehensive education across other investment classes like ETFs, mutual funds, or bonds, nor do they provide webinars, quizzes, or progress tracking features.
Feature |
Robinhood
|
eToro
|
---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | No | No |
Education (Options) | Yes | No |
Education (Mutual Funds) | No | No |
Education (Bonds) | No | No |
Paper Trading | No | Yes |
Videos | No | Yes |
Webinars | No | 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 of 2024
When choosing between Robinhood and eToro, understanding the fee structures can sway your decision. Both platforms offer commission-free stock trading and charge no fees for options contracts, making them attractive choices for cost-conscious investors. However, Robinhood takes the lead in terms of minimum deposit requirements with no initial deposit needed, compared to eToro's $50 minimum. For those considering margin trading, Robinhood provides options with interest rates ranging from 5.8% to 6% depending on the balance, while eToro does not offer margin trading. Additionally, eToro's account transfer fees, at $75 for both partial and full transfers, are slightly more economical compared to Robinhood's $100 fee, giving eToro an edge in this area.
Delving deeper into account fees, Robinhood shines with its lack of IRA-related fees, both annually and upon closure. eToro, however, does not specify fees related to IRAs, which could mean handling those accounts requires a more customized approach or an absence of these offerings. Both platforms level the playing field in terms of options exercises and assignment fees, which are set at zero for both brokers, allowing traders to exercise their strategies without additional cost burdens.
Overall, both Robinhood and eToro offer competitive trading environments with their zero-cost trading for stocks and options. The main divergences lie in the minimum deposits, margin trading capabilities, and account transfer fees. Robinhood's flexibility with no deposit requirement and its availability of margin lending stand out for those looking for versatile trading options, while eToro's lower account transfer fees make it a slightly more affordable choice for those considering moving their portfolios. Thus, your choice will hinge on which specific services and costs align best with your trading needs.
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 Brokers for Free Stock Trading of 2024
When evaluating Robinhood and eToro for their day trading capabilities, both platforms present a streamlined experience but with limited features tailored to active traders. Robinhood lacks key tools such as streaming time and sales for stocks, direct market routing, ladder trading, trading hotkeys, and level 2 quotes, which could be crucial for day traders looking for comprehensive market insight and immediate execution. Similarly, eToro provides limited capabilities for day trading, but it does offer streaming time and sales for stocks, which could offer traders a slight edge in terms of market information.
Neither Robinhood nor eToro supports advanced features like streaming live TV, advanced or basic strategy backtesting, a short locator tool, or order liquidity rebates, which can be essential for traders analyzing complex strategies or requiring detailed market data. Additionally, both platforms do not accommodate ladder trading or advanced keyboard trade entry, which might hinder the speed and efficiency of executing trades. As such, those seeking extensive day trading functionality may find both Robinhood and eToro somewhat lacking in these advanced features.
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 of 2024
When it comes to market research capabilities, Robinhood and eToro each have unique strengths, but overall, eToro holds a slight edge. Both platforms provide stock and ETFs research, but neither supports mutual funds or bonds. A key differentiator is eToro's integration of social media sentiment and ESG data into their stock research, elements that Robinhood does not offer. While neither platform offers downloadable PDF research reports nor screeners for various asset classes, these enhanced social elements contribute to eToro receiving a higher market research rating of 3 stars compared to Robinhood's 2.5 stars, according to StockBrokers.com.
Robinhood excels in offering research on Pink Sheets/OTCBB, differentiating itself from eToro, which lacks this feature. However, neither platform provides tools to analyze portfolio allocation by asset class. This absence restricts investors who seek comprehensive asset management insights. Despite the capability differences, both platforms fail to produce downloadable PDF reports for research, a gap that may limit their appeal to users requiring in-depth offline analysis.
While Robinhood has established itself as a user-friendly platform with convenient access to stock and ETFs research, its comparative lack of comprehensive tools and advanced research capabilities reflects in its lower ranking of #14 out of 18 brokers for market research on StockBrokers.com. eToro, slightly outperforming with a ranking of #12, edges forward with its extra features like social sentiment data and ESG research, appealing to users who prioritize social trading insights along with conventional market analysis.
Feature |
Robinhood
|
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 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 Brokerages of 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 provide options for crypto trading, with Robinhood offering 19 cryptocurrencies while eToro offers a wider selection of 26 coins, catering to a variety of trading preferences and needs.
Dive deeper: Best Crypto Trading Platforms of 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 of 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% | Not offered | |
Margin Rate $25,000 to $49,999.99 | 6% | Not offered | |
Margin Rate $50,000 to $99,999.99 | 5.8% | Not offered | |
Margin Rate $100,000 to $249,999.99 | 5.5% | Not offered | |
Margin Rate $250,000 to $499,999.99 | 5.5% | Not offered | |
Margin Rate $500,000 to $999,999.99 | 5.5% | Not offered | |
Margin Rate Above $1,000,000 | 5.25% | 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 | 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 | 19 | 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) | No | 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 | No | 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 | 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 | No | No | |
Charting - Indicators / Studies | 6 | 46 | |
Charting - Drawing Tools | 0 | 48 | |
Charting - Notes | No | Yes | |
Charting - Index Overlays | No | Yes | |
Charting - Historical Trades | No | 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 | No | 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 | No | 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 | No | 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 | No | 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 |