Webull vs eToro 2024
In this head to head comparison of Webull 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 Webull vs eToro, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
When assessing the available investment options, Webull stands out with a more comprehensive suite of services compared to eToro, earning a higher rating of 4 stars compared to eToro's 2.5 stars. Webull takes the lead with features like margin trading, OTC stocks, futures trading, and traditional investment accounts such as Roth and Traditional IRAs, options that are absent with eToro. In contrast, eToro impresses with a wide array of cryptocurrency offerings, providing access to 26 different coins, whereas Webull falls short in this area by not supporting crypto trading. StockBrokers.com ranks Webull at #12 out of 18 brokers for investment options, outpacing eToro, which places at #17.
Both Webull and eToro excel in offering stock and options trading, providing investors with the flexibility of fractional shares trading. Yet, the absence of mutual funds and forex trading is a commonality they both share. Webull's offering is broadened with futures trading, a service that eToro does not provide. This difference contributes to Webull's ability to cater more effectively to diverse trading strategies and risk appetites, despite eToro's strong crypto selection.
In terms of niche investments and retirement planning, Webull's inclusion of Traditional and Roth IRA accounts positions it as a more versatile platform for long-term investors who seek both trading and retirement solutions. In comparison, eToro focuses predominantly on the cryptocurrency market, which might appeal more to investors interested in digital assets rather than traditional securities. Overall, when it comes to flexibility and a broader range of investment options, Webull holds a competitive edge over eToro.
Feature |
Webull
|
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 | Yes | No |
Crypto Trading | No | Yes |
Crypto Trading - Total Coins | 0 | 26 |
Investment Options |
Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024
When comparing Webull and eToro for their trading platforms and tools, Webull emerges as the better option with a 4.5-star rating, outshining eToro's 3.5 stars. StockBrokers.com ranks Webull 8th out of 18 brokers, while eToro holds the 12th spot, reinforcing Webull's superior offerings. Webull provides a comprehensive desktop platform for Windows and Mac, whereas eToro is limited to browser-based access, giving Webull an advantage for users who prefer standalone software.
Both platforms offer robust browser-based trading, but Webull supports a richer trading toolset. With 35 watch list columns compared to eToro's 7, Webull users have more flexibility in monitoring securities. Paper trading is available on both platforms, yet Webull sets itself apart by allowing direct stock chart order adjustments, showing historical trades, corporate events, and automated technical analysis. In contrast, eToro lacks these features, instead providing an extensive 48 drawing tools compared to Webull's 19.
Chart customization is more advanced on Webull, which offers 52 technical indicators and options to add notes, index overlays, and save multiple chart profiles. Although eToro surpasses Webull with 48 drawing tools and more customization fields for SMA studies, it doesn't support custom studies creation or adjustable open orders on charts. Overall, Webull's greater customization and broader feature set make it the more versatile trading platform between the two.
Feature |
Webull
|
eToro
|
---|---|---|
Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | Yes | No |
Paper Trading | Yes | Yes |
Watch Lists - Total Fields | 35 | 7 |
Charting - Indicators / Studies | 52 | 46 |
Charting - Drawing Tools | 19 | 48 |
Platforms & Tools |
Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024
When comparing the investor education capabilities of Webull and eToro, both platforms offer a variety of resources tailored to beginners, although Webull tends to provide a slightly more comprehensive educational experience. Webull offers educational materials covering stocks, ETFs, and options, while eToro's educational offerings are limited to stocks only, with no support for ETF or options education. Both brokers provide paper trading features and educational videos, but Webull goes a step further by offering webinars, educational quizzes, and the ability for users to track their learning progress—all of which are missing from eToro's offerings.
In terms of quality and breadth of educational content, Webull receives a slightly higher rating of 3 out of 5 stars compared to eToro's 2.5 stars. Additionally, StockBrokers.com ranks Webull at 14th out of 18 brokers for educational resources, while eToro falls lower on the list at 16th place. These rankings further illustrate that Webull might be better suited for beginner investors seeking a more robust educational platform to enhance their trading knowledge and skills.
Feature |
Webull
|
eToro
|
---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | No |
Education (Options) | Yes | No |
Education (Mutual Funds) | No | No |
Education (Bonds) | No | No |
Paper Trading | Yes | Yes |
Videos | Yes | Yes |
Webinars | Yes | No |
Education |
Dive deeper: Best Stock Trading Platforms for Beginners of 2024
In assessing stock trading app capabilities, both Webull and eToro offer competitive and robust platforms, each earning a 4.5-star rating in their category. However, Webull gains a slightly higher accolade with a #7 ranking compared to eToro's #11 by StockBrokers.com. Both platforms provide iPhone and Android apps with robust functionalities, including mobile options trading, real-time streaming quotes, and custom watch lists. A significant edge for Webull is its Apple Watch app, enhancing accessibility beyond the mobile phone screens. Meanwhile, eToro compensates with videos on demand, catering to users seeking additional educational resources.
Webull provides compelling features like mobile after-hours stock trading and the flexibility to view charts in landscape mode, a plus for visually-oriented traders. Moreover, it offers after-hours charting and stock comparisons on charts, ensuring traders have in-depth analytical tools at their disposal. Although both platforms facilitate multiple time frames for charting, eToro excels by offering 103 technical studies, almost double Webull's 56, presenting a stronger offering for users deeply interested in technical analysis. However, neither platform offers streaming live tv or the ability to customize watch list columns, potentially limiting users looking for personalized experiences in these areas.
Overall, while Webull provides added convenience with its wider device compatibility and enhanced chart viewing options, eToro stands out with its extensive range of technical studies and educational content through videos on demand. The decision between the two largely depends on individual preferences for technical analysis depth versus device and feature flexibility. Both platforms nonetheless deliver high-quality app experiences designed to meet varying user demands in the dynamic arena of stock trading.
Feature |
Webull
|
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 | 56 | 103 |
Mobile Trading Apps |
Dive deeper: Best Stock Trading Apps for 2024
When comparing the account fees and charges of Webull and eToro, it's clear that both platforms offer competitive fee structures. Webull stands out with its $0 minimum deposit requirement, making it an appealing choice for budget-conscious investors. In contrast, eToro requires a $50 minimum deposit. Both brokerages offer commission-free trading for regular stock trades and options contracts, which is attractive to traders seeking to minimize transaction costs. However, Webull provides margin trading with varying interest rates based on account balances, while eToro does not offer margin accounts.
Webull distinguishes itself with a transparent fee structure for its IRA accounts, charging no annual or closure fees. This makes it a suitable option for long-term investors aiming to maximize their retirement savings. In comparison, eToro does not provide information on IRA account fees. Both platforms charge $75 for account transfers, whether partial or full, ensuring alignment in this aspect of their fee structure. Additionally, both brokers maintain a $0 charge for options exercise and assignment fees, offering a cost-effective trading environment for those involved in options trading.
Overall, Webull and eToro provide competitive options for those looking to trade without incurring excessive fees. Webull offers added value with its zero minimum deposit and inclusive IRA policies, whereas eToro appeals to those who can accommodate its higher deposit threshold. Both platforms ensure users benefit from commission-free trading, though Webull's margin trading could provide additional flexibility for those interested in leveraging their investments.
Feature |
Webull
|
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 it comes to day trading capabilities, both Webull and eToro provide streaming time and sales for stocks, which are essential features for active traders seeking real-time data. However, a significant difference emerges in the availability of additional trading tools. Webull stands out by offering ladder trading and the ability to use trading hotkeys for swift keyboard trade entries, providing traders with greater efficiency and speed. Furthermore, Webull offers level 2 quotes, giving traders insight into market depth, which is vital for making informed trading decisions. In contrast, eToro does not offer these advanced features, potentially limiting its appeal to more experienced day traders.
Both platforms lack several features typically favored by professional traders, such as streaming live TV and direct market routing. They also do not support basic or advanced strategy backtesting, indicating a limited scope for evaluating trading strategies on simulated historical data. Additionally, neither Webull nor eToro provides a short locator tool or order liquidity rebates, which could be necessary for traders looking to optimize their strategies further. Overall, while Webull offers certain advantages over eToro in terms of day trading support with specific tools, both platforms have room for improvement in providing a comprehensive suite of advanced trading features.
Feature |
Webull
|
eToro
|
---|---|---|
Streaming Time & Sales | Yes | Yes |
Streaming TV | No | No |
Direct Market Routing - Stocks | No | No |
Level 2 Quotes - Stocks | Yes | 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 evaluating the market research capabilities of online brokers Webull and eToro, both platforms present unique strengths and areas for improvement. While both offer essential tools like stock and ETF research, eToro has a slight edge in providing ESG (Environmental, Social, and Governance) research, catering to users interested in socially responsible investing. On the other hand, Webull stands out with its inclusion of Pink Sheets/OTCBB research, which is absent in eToro's offerings. Despite these differences, both platforms are rated three stars for their research capabilities, with Webull ranked slightly higher as number 11, compared to eToro at number 12 among 18 brokers according to StockBrokers.com.
Webull and eToro both enable stock research using social media sentiment data, reflecting the importance of real-time, crowd-sourced insights in modern trading strategies. However, neither platform provides downloadable PDF research reports for stocks, ETFs, or mutual funds, which might limit more in-depth analysis for traders who prefer offline access. Moreover, both brokers do not offer bonds research or options to see portfolio allocation by asset class. Despite this, Webull enhances its user experience with a stock screener for discovering new trade ideas, a feature currently lacking on eToro.
Considering the strengths and limitations in their market research offerings, both Webull and eToro cater well to different segments of investors. Webull’s advantage lies in its broader accessibility to alternative markets like Pink Sheets/OTCBB, and the provision of a stock screener. Meanwhile, eToro’s strength is in offering ESG insights, appealing to investors focused on sustainable and socially responsible investing. Neither provides comprehensive coverage across all asset classes or downloadable reports, indicating an area for growth as both brokers strive to improve their comprehensive research capabilities.
Feature |
Webull
|
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 comparing the banking capabilities of online brokers Webull and eToro, both platforms display similar limitations. Neither Webull nor eToro provides traditional banking services, such as checking accounts or savings accounts, and they do not offer debit or credit cards. For those exploring mortgage loan options, both Webull and eToro fall short, as neither platform extends this service. Additionally, users looking into Certificates of Deposit (CDs) will find that neither Webull nor eToro includes this offering within their financial services. In summary, for individuals seeking comprehensive banking features, both Webull and eToro are currently limited, focusing instead on trading and investment functions rather than broad banking solutions.
Feature |
Webull
|
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 Webull is better than eToro. Webull finished with an overall score of 84.9%, while eToro finished with a score of 76.7%.
Webull is an excellent choice for beginning and intermediate traders. The user experience is outstanding, and Webull has better charts than its natural competitor, Robinhood. Options contracts are commission-free, but crypto markups and markdowns are on the high side. Experienced investors may eventually miss the features, research, and investment choices available at leading brokers.
Webull does not offer cryptocurrency trading, and as such, provides access to 0 coins, while eToro supports crypto enthusiasts with the ability to trade 26 different coins.
Dive deeper: Best Online Brokers for Crypto Trading in 2024
Webull offers both traditional and Roth IRA accounts with no annual or closure fees, while eToro does not offer IRA accounts.
Dive deeper: Best IRA Accounts for 2024
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0 of 5Overall Rating | Webull | eToro | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Customer Service | N/A | ||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | Webull Review | eToro Review |
Broker Screenshots | Webull | 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 | Webull | 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) | $1.25 | (Not offered) | |
Broker Assisted Trade Fee | N/A | $0 |
Margin Rates | Webull | eToro | |
---|---|---|---|
Margin Rate Under $25,000 | 9.24% | Not offered | |
Margin Rate $25,000 to $49,999.99 | 8.74% | Not offered | |
Margin Rate $50,000 to $99,999.99 | 8.24% | Not offered | |
Margin Rate $100,000 to $249,999.99 | 7.74% | Not offered | |
Margin Rate $250,000 to $499,999.99 | 7.74% | Not offered | |
Margin Rate $500,000 to $999,999.99 | 6.74% | Not offered | |
Margin Rate Above $1,000,000 | 6.24% | Not offered |
Account Fees | Webull | eToro | |
---|---|---|---|
IRA Annual Fee | $0.00 | ||
IRA Closure Fee | $0.00 | ||
Account Transfer Out (Partial) | $75.00 | $75.00 | |
Account Transfer Out (Full) | $75.00 | $75.00 | |
Options Exercise Fee | $0.00 | $0.00 | |
Options Assignment Fee | $0.00 | $0.00 |
Investment Options | Webull | 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 | Yes | No | |
Forex Trading | No | No | |
Crypto Trading | No | Yes | |
Crypto Trading - Total Coins | 0 | 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 | Webull | 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 | Yes | No | |
Order Type - OTO | Yes | No | |
Order Type - Broker Assisted | No | No |
Beginners | Webull | 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 | Yes | Yes | |
Videos | Yes | Yes | |
Webinars | Yes | No | |
Webinars (Archived) | Yes | No | |
Progress Tracking | Yes | No | |
Interactive Learning - Quizzes | Yes | No |
Stock Trading Apps | Webull | 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 | Webull | 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 | No | No |
Stock App Charting | Webull | eToro | |
---|---|---|---|
Charting - After-Hours | Yes | Yes | |
Charting - Can Turn Horizontally | Yes | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 56 | 103 | |
Charting - Study Customizations | Yes | Yes | |
Charting - Stock Comparisons | Yes | Yes |
Trading Platforms | Webull | eToro | |
---|---|---|---|
Active Trading Platform | N/A | N/A | |
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | Yes | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | Yes | Yes | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 35 | 7 |
Stock Chart Features | Webull | eToro | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 52 | 46 | |
Charting - Drawing Tools | 19 | 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 | Yes | No | |
Charting - Save Profiles | Yes | Yes | |
Trade Ideas - Technical Analysis | No | Yes | |
Charting - Study Customizations | 2 | 5 | |
Charting - Custom Studies | Yes | No |
Day Trading | Webull | eToro | |
---|---|---|---|
Streaming Time & Sales | Yes | Yes | |
Streaming TV | No | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | Yes | No | |
Trade Hotkeys | Yes | No | |
Level 2 Quotes - Stocks | Yes | No | |
Trade Ideas - Backtesting | No | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | No | No | |
Order Liquidity Rebates | No | No |
Research Overview | Webull | 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 | Webull | eToro | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | Yes | Yes | |
Stock Research - Insiders | Yes | Yes | |
Stock Research - Social | Yes | Yes | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | No | Yes | |
Stock Research - SEC Filings | Yes | Yes |
ETF Research | Webull | 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 | Yes | Yes | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | Webull | 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 | Yes | 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 | Webull | eToro | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | No | |
Option Chains - Streaming | No | No | |
Option Chains - Total Columns | 23 | 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 | No | No | |
Option Positions - Adv Analysis | No | No | |
Option Positions - Rolling | Yes | No | |
Option Positions - Grouping | No | No |
Banking | Webull | 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 | Webull | eToro | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | No | |
Phone Support (Current Customers) | Yes | No | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | No | Yes | |
Live Chat (Current Customers) | No | Yes | |
24/7 Support | No | No |
Overall | Webull | eToro | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | Webull Review | eToro Review |