eToro vs Fidelity
eToro ranks among the leading copy trading brokers with 30M+ clients who benefit from a user-friendly web-based trading platform and mobile app. eToro offers 3,000+ assets and has an expanding presence in the cryptocurrency sector. Its primary copy trading tool, CopyTraders and Smart Portfolios, and its custom-tailored investment product featuring thematic long-term buy-and-hold investment managed in-house by eToro are at the core of its success.
Fidelity presents its Active Trader Pro platform, including tools like Trade Armor, allowing clients to visualize trade and risk management strategies, and the Daily Dashboard, which displays data relevant to open positions. Clients also benefit from superb research, like the Social Sentiment Score, helping traders navigate social media trends and independent research reports.
We have conducted an in-depth review of eToro and Fidelity to determine which presents the better overall choice and which types of traders will benefit the most at each broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- eToro vs Fidelity - Verdict
 |  | |
Headquarters | Israel | United States |
Regulators | ASIC, CySEC, FCA, FSA | FINMA, SEC |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2007 | 1946 |
Execution Type(s) | Market Maker | Market Maker |
Minimum Deposit | $50 - $10,000 | $1 |
Negative Balance Protection | ||
Trading Platform(s) | Proprietary platform | Proprietary platform, ATpro platforms |
Average Trading Cost EUR/USD | 1.0 pips | Not applicable |
Average Trading Cost GBP/USD | 2.2 pips | Not applicable |
Average Trading Cost WTI Crude Oil | $0.05 | Not applicable |
Average Trading Cost Gold | $0.45 | Not applicable |
Retail Loss Rate | 74% | Undisclosed |
Minimum Raw Spreads | 0.8 pips | Not applicable |
Minimum Standard Spreads | 1.3 pips | Not applicable |
Minimum Commission for Forex | $0.00 | Not applicable |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Get Started | Get Started |
Features & Platform
| | |
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | N/A | |
cTrader | ||
Proprietary Platform | ||
Automated Trading | N/A | |
Social/Copy Trading | N/A | |
DOM? | ||
Guaranteed Stop Loss | N/A | |
Scalping | N/A | |
Hedging | N/A | |
One-Click Trading | ||
OCO Orders | N/A | |
Interest on Margin | N/A | |
| Get Started | Get Started |
Noteworthy:
eToro provides its in-house cryptocurrency wallet, a mobile e-money account, and eToro Academy. Fidelity is among the most dominant global asset managers, with $4.3+ trillion in assets under management.
Available Markets
| | |
Currency Pairs | ||
Cryptocurrencies | ||
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | ||
ETFs | ||
Options | ||
Futures | ||
Synthetics | ||
| Get Started | Get Started |
Traders at eToro get a well-balanced asset selection featuring 3,000+ trading instruments focused on liquid and popular equity CFDs and ETFs. Forex traders get an above-average choice, while traders of other asset classes receive a sufficient selection for cross-asset diversification. Fidelity shines with its equity, ETF, option, and mutual fund offerings with access to 25 countries and 16 currencies.
Typical Spreads & Fees
| | |
Average Trading Cost EUR/USD | 1.0 pips | Not applicable |
Average Trading Cost GBP/USD | 2.2 pips | Not applicable |
Average Trading Cost WTI Crude Oil | $0.05 | Not applicable |
Average Trading Cost Gold | $0.45 | Not applicable |
Average Trading Cost Bitcoin | $574 | 1% maximum spread |
Minimum Raw Spreads | 0.8 pips | Not applicable |
Minimum Standard Spreads | 1.3 pips | Not applicable |
Minimum Commission for Forex | $0.00 | Not applicable |
Deposit Fee | ||
Withdrawal Fee | ||
Inactivity Fee | $10 monthly after 12 monthd | no |
| Get Started | Get Started |
eToro and Fidelity offer commission-free equities and ETFs that the former applies to unleveraged buy-only orders. eToro also features commission-free Forex trading with minimum spreads of 1.0 pips or $10.00 per lot, while Fidelity has no-fee mutual funds. Option traders pay $0.65 per contract, and bonds cost $1.00 per bond. These are two asset classes unavailable at eToro.
Account Types
Account Types | eToro | Fidelity |
|---|---|---|
Commission-free Accounts | Yes | Yes |
Commission-based Accounts | No | No |
Demo Accounts | Yes | Yes |
Islamic Accounts | Yes | No |
Social / Copy Trading | Yes | No |
Managed Accounts | Yes | Yes |
Clients at eToro get the same trading account, with the sole difference being the minimum deposit requirement, as it depends on the geographic location of traders. Fidelity lists ten account types and is a leading broker for retirement accounts and long-term buy-and-hold investment portfolios. Fidelity also has a youth account with a debit card. Both brokers offer demo accounts. However, eToro also provides a swap-free Islamic account.
Minimum Deposit
Deposit Snapshot | eToro | Fidelity |
|---|---|---|
Minimum Deposit | $200 | $1 |
Deposit Fees | Third-Party | Third-Party |
E-wallets | Yes | Yes |
Cryptocurrencies | No | No |
Localized Methods | Yes | Yes |
Total Deposit Methods | 14 | 5 |
Supported Deposit Currencies | USD, EUR, GBP, AUD, 10+ | USD |
Fidelity has a minimum deposit requirement of $1 for non-retirement accounts and $10 for retirement accounts. The daily maximum deposit amount is $250,000, and select services, like its robo-advisory, have minimum capital requirements. The eToro minimum deposit is just $10 for US and UK-resident traders and $50 for EU traders. Most international clients must commit $200, and Israeli-resident traders have to deposit $10,000.
Minimum Withdrawal
Withdrawal Snapshot | eToro | Fidelity |
|---|---|---|
Minimum Withdrawal | $30 | $0 |
Internal Withdrawal Fees | $5 for each payment processor | Third-party |
Internal Processing Times | up to two business days | One to six business days |
eToro has a reasonable minimum withdrawal amount of $30, which Fidelity bests with its $0 threshold. Clients at eToro must pay a $5 flat fee for withdrawals, which are free at Fidelity. Potential third-party payment processing fees may apply to both brokers. Withdrawal times are faster at eToro, where money management remains more trader-friendly due to more payment processors and eToro Money, while Fidelity relies on bank-related options.
Security & Trust
| | |
Country of the Regulator | Australia, Cyprus, Seychelles, United Kingdom | United States |
Name of the Regulator | ASIC, CySEC, FCA, FSA | FINMA, SEC |
Regulatory License Number | 491139, 109/10, 583263, SD076 | 8-23292, 7784 |
Regulatory Tier | N/A | 1 |
| Get Started | Get Started |
EToro
Country of the Regulator | Name of the Regulator | License Number |
|---|---|---|
Australia | Australian Securities & Investments Commission | 491139 |
Seychelles | Financial Services Authority | SD076 |
Cyprus | Cyprus Securities and Exchange Commission | 109/10 |
UK | Financial Conduct Authority | 583263 |
Malta | Malta Financial Services Authority | C97952 |
Fidelity
Country of the Regulator | Name of the Regulator | License Number |
|---|---|---|
US | Securities and Exchange Commission / FINRA | 8-23292, 7784 |
Security and trust are equally great at eToro and Fidelity. The latter has notably more operational experience, while the former complies with more global regulators. Both rank among the most trusted and secure brokers and are privately held. eToro and Fidelity segregate client deposits from corporate funds and provide investor protection.
Broker versus Broker Verdict
EToro
Pros | Cons |
|---|---|
Copy-trading with a community exceeding 30 million traders | Higher minimum deposit requirement but within a reasonable range |
User-friendly web-based trading platform and mobile app | |
Quality educational offering for beginner traders via the eToro Academy | |
Balanced asset selection with a focus on equity CFDs and ETFs |
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Fidelity
Pros | Cons |
|---|---|
Outstanding choice of equities, ETFs, and mutual funds | Expensive margin rates for traders |
Superb independent research | Limited payment processors |
Commission-free equity and ETF trading |
Fidelity is an excellent choice for long-term investors, retirement portfolios, and wealth management. Clients get a cutting-edge investment platform with high-quality research. While both brokers offer fractional share investments, eToro is better for traders and beginners overall. They benefit from an active copy trading community, a user-friendly trading platform and mobile app, and in-house management investment portfolios.
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FAQs
Is it smart to invest in Fidelity?
Yes, investing with Fidelity is smart due to its competitive environment for unleveraged long-term buy-and-hold investors.
Is Fidelity a trusted broker?
Yes, Fidelity belongs to the most trusted brokers in the US with global recognition.
What is the downside to eToro?
eToro does not support algorithmic trading and does not have the lowest trading fees in the industry.
What is better than eToro?
Some brokers offer a better environment for niche strategies that eToro does not cover, but eToro ranks among the industry leaders for copy-trading brokers.
Is Fidelity better than eToro?
It depends on individual preferences, as both brokers offer their core market unique products and services with a competitive edge. eToro will suit traders with a passive strategy, while Fidelity shines with its wealth management and retirement offers.