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Webull vs eToro 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 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.

Webull
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00
eToro
4/5 Stars Overall
  • Minimum Deposit: $50.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Investment options

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 logoWebull
eToro logoeToro
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info Yes Yes
OTC Stocks info Yes No
Mutual Funds info No No
Options Trading info Yes Yes
Futures Trading info Yes No
Crypto Trading info No Yes
Crypto Trading - Total Coins info 0 26
Investment Options 4/5 Stars 2.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024

Trading platforms and tools

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 logoWebull
eToro logoeToro
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Paper Trading info Yes Yes
Watch Lists - Total Fields info 35 7
Charting - Indicators / Studies info 52 46
Charting - Drawing Tools info 19 48
Platforms & Tools 4.5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024

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Beginners and education

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 logoWebull
eToro logoeToro
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Paper Trading info Yes Yes
Videos info Yes Yes
Webinars info Yes No
Education 3/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

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 logoWebull
eToro logoeToro
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes Yes
Charting - After-Hours info Yes Yes
Charting - Technical Studies info 56 103
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2024

Fees

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 logoWebull
eToro logoeToro
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 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Free Trading Platforms for 2024

Day Trading

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 logoWebull
eToro logoeToro
Streaming Time & Sales info Yes Yes
Streaming TV info No No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No

Dive deeper: Best Day Trading Platforms for 2024

Market Research

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 logoWebull
eToro logoeToro
Research - Stocks info Yes Yes
Screener - Stocks info Yes No
Research - ETFs info Yes Yes
Screener - ETFs info No No
Research - Mutual Funds info No No
Screener - Mutual Funds info No No
Research - Bonds info No No
Screener - Bonds info No No
Research 3/5 Stars 3/5 Stars

Banking

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 logoWebull
eToro logoeToro
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info No No
Credit Cards info No No
Mortgage Loans info No No
CDs info No No

Dive deeper: Best Bank Accounts for Trading Stocks for 2024

Winner

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.

FAQs

Can you trade cryptocurrency with Webull or eToro?

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

Does Webull or eToro offer IRAs?

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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Compare

0 of 5
Overall Rating Webull eToro
Overall 4/5 Stars 4/5 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 4.5/5 Stars 4.5/5 Stars
Research 3/5 Stars 3/5 Stars
Customer Service 3.0/5 Stars N/A
Education 3/5 Stars 2.5/5 Stars
Ease Of Use 4.5/5 Stars 4/5 Stars
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) info N/A N/A
Mutual Fund Trade Fee N/A N/A
Options (Per Contract) $0.00 $0.00
Futures (Per Contract) $1.25 info (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% info Not offered
Account Fees Webull eToro
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Account Transfer Out (Partial) info $75.00 $75.00
Account Transfer Out (Full) info $75.00 $75.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment Options Webull eToro
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info Yes Yes
OTC Stocks info Yes No
Options Trading info Yes Yes
Complex Options Max Legs info 4 0
Futures Trading info Yes No
Forex Trading info No No
Crypto Trading info No Yes
Crypto Trading - Total Coins info 0 26
Mutual Funds (No Load) info 0 0
Mutual Funds (Total) info 0 0
Bonds (US Treasury) info No No
Bonds (Corporate) info No No
Bonds (Municipal) info No No
Traditional IRAs info Yes No
Roth IRAs info Yes No
Advisor Services info No No
International Countries (Stocks) info 0 0
Order Types Webull eToro
Order Type - Market info Yes Yes
Order Type - Limit info Yes No
Order Type - After Hours info Yes No
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes Yes
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info No No
Beginners Webull eToro
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Education (Retirement) info No No
Retirement Calculator info No No
Investor Dictionary info Yes No
Paper Trading info Yes Yes
Videos info Yes Yes
Webinars info Yes No
Webinars (Archived) info Yes No
Progress Tracking info Yes No
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Webull eToro
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes No
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features Webull eToro
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No Yes
Stock Alerts info Yes Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info No No
Stock App Charting Webull eToro
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 56 103
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info Yes Yes
Trading Platforms Webull eToro
Active Trading Platform info N/A N/A
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Web Trading Platform info Yes Yes
Paper Trading info Yes Yes
Trade Journal info No No
Watch Lists - Total Fields info 35 7
Stock Chart Features Webull eToro
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 52 46
Charting - Drawing Tools info 19 48
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info No No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info No Yes
Charting - Study Customizations info 2 5
Charting - Custom Studies info Yes No
Day Trading Webull eToro
Streaming Time & Sales info Yes Yes
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info Yes No
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Webull eToro
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info Yes No
Research - Bonds info No No
Screener - Stocks info Yes No
Screener - ETFs info No No
Screener - Mutual Funds info No No
Screener - Bonds info No No
Misc - Portfolio Allocation info No No
Stock Research Webull eToro
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes Yes
Stock Research - Social info Yes Yes
Stock Research - News info Yes Yes
Stock Research - ESG info No Yes
Stock Research - SEC Filings info Yes Yes
ETF Research Webull eToro
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes No
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info No No
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research Webull eToro
Mutual Funds - Strategy Overview info No No
Mutual Funds - Performance Chart info No No
Mutual Funds - Performance Analysis info No No
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info No No
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info Yes No
Mutual Funds - Asset Allocation info No No
Mutual Funds - Sector Allocation info No No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading Webull eToro
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes No
Option Chains - Streaming info No No
Option Chains - Total Columns info 23 0
Option Chains - Greeks info 5 4
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes No
Option Probability Analysis info Yes No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info No No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info Yes No
Option Positions - Grouping info No No
Banking Webull eToro
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info No No
Debit Cards info No No
Mortgage Loans info No No
Customer Service Webull eToro
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes No
Email Support info Yes Yes
Live Chat (Prospect Customers) info No Yes
Live Chat (Current Customers) info No Yes
24/7 Support info No No
Overall Webull eToro
Overall 4/5 Stars 4/5 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 4.5/5 Stars 4.5/5 Stars
Research 3/5 Stars 3/5 Stars
Education 3/5 Stars 2.5/5 Stars
Ease Of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review Webull Review eToro Review
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