eToro vs Robinhood, Who's The Best?
Read our In-Depth eToro vs Robinhood Review - for 2022
This eToro vs Robinhood review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs Robinhood review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
Robinhood Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs Robinhood
Every online trading platform will have a few pros and cons, and no eToro and Robinhood review would be complete without having a balanced approach. Compare eToro and Robinhood to understand how they line up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a professional broker and are choosing between eToro or Robinhood. Who should you choose?
This eToro vs Robinhood comparison contains the most recent information so you can easily compare Robinhood against eToro.
If you are a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the world of trading requires expert assessing skills and comprehensive understanding. You will get adept at all the concepts of brokerage since you keep trading. For starters, you have to select the ideal agent who'll be transparent with you always.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to create hefty returns. eToro and Robinhood are just two such companies which will take you and your investment into great heights. It is crucial that you compare eToro vs Robinhood until you trust them with your money.
Our eToro vs Robinhood comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and Robinhood side by side.
Our full eToro vs Robinhood Review covers everything you will need to learn about trading using either eToro or Robinhood. A good agent can multiply your first investments and provide you positive profits. If you would like to earn profits, you should trade with a broker service that aligns with your investment goals.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully assess your agent before you choose them. It is a frequent misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments in danger.
eToro and Robinhood are both brokers that have found their way successfully to the broker world. Within this review, we've attempted to collate some of the vital facets of both eToro and Robinhood. This review can help you to understand whether either Robinhood or eToro is a fantastic fit for your investments or not. We have tried to breakdown all the features and fees for your convenience.
Benefits of eToro and Robinhood Compared
eToro offers a minimum deposit of $50 while Robinhood offers a $0 minimum deposit.
Why smaller minimum deposits are good and how eToro and Robinhood compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro has around 100 financial instruments while Robinhood has around 100 on their platform.
The more instruments you can trade on the eToro and Robinhood trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of eToro or Robinhood.
eToro and Robinhood Contact Details
Being able to contact an online trading platform through many ways is important. eToro and Robinhood have the following contact details and social medias that you can use.
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| Broker | eToro | Robinhood |
| Telephone Number | +1 650 940 2700 | |
| support@etoro.com | support@robinhood.com | |
| Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | 85 WILLOW St, Menlo Park, California 94025, US |
| eToro Twitter Account | Robinhood Twitter Account | |
| eToro Facebook Page | Robinhood Facebook Page | |
| eToro Instagram Account | Robinhood Instagram Account | |
| eToro LinkedIn Page | Robinhood LinkedIn Page | |
| YouTube | eToro YouTube Channel | Robinhood YouTube Channel |
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Robinhood and eToro Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing eToro and Robinhood will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
eToro vs Robinhood - Awards
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| Broker | eToro | Robinhood |
| Awards |
eToro have won many industry awards over the years they have been running as an online broker. We show the most notable awards for eToro here.
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At the time of writing this Robinhood review, and despite Robinhood’s impressive offering, the company has surprisingly not garnered any awards to date. |
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eToro vs Robinhood - Frequently Asked Questions
eToro vs Robinhood - Headquarters And Year Of Founding
eToro was founded in 2007 and has its headquaters in Cyprus, UK.
Robinhood was founded in 2013 and has its headquaters in USA.
What is the minimum deposit for Robinhood or eToro
The minimum deposit for eToro is $50.
The minimum deposit for Robinhood is $0.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and Robinhood are a good choice.
eToro vs Robinhood - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).
Both eToro and Robinhood have a strong set of rules for ensuring honest trading on their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare eToro vs Robinhood Commission And Fees
eToro and Robinhood are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker isn't necessarily affected by the number of clients they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily three different types of fees for this purpose.
The first kind of charges to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In such cases, you're paying a spread, funding rate, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are those that are charged when you maintain a leveraged position for longer than a day.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake on your account. They're charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither eToro or Robinhood charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often exchange, for example weekly or daily trading.
But, non-trading fees charged by eToro and Robinhood are comparatively lower. As a result, you're billed more for non-trading actions on your trading account, like withdrawal and deposits. These aren't related to the sale and purchase of assets.
This eToro vs Robinhood review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For eToro And Robinhood
What Languages Do eToro And Robinhood Support?
Being able to communicate completely with your online platform is a key part of comparing online brokers to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key factor to success when trading online.
Here you can find all the languages that both eToro and Robinhood support.
How Many Clients Do eToro and Robinhood Have?
Both eToro and Robinhood are well established with their customer base. It is important to work with a broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many clients eToro and Robinhood have
What Payment Methods Do eToro and Robinhood Accept?
eToro and Robinhood both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and Robinhood
What Can You Trade With eToro and Robinhood?
eToro offers 100 trading instruments whilst Robinhood offers 5000.
Below you will find a full breakdown of what both eToro and Robinhood offer.
Compare eToro To All Other Brokers
Compare Robinhood To All Other Brokers