eToro vs. Robinhood

eToro launched in the US in 2019, adding to its massive international trading community numbering over 20 million. While the US offering of eToro remains limited to the cryptocurrency sector, it has plans to expand into equity and ETF trading. Robinhood has a controversial history and lacks overall transparency but has pioneered commission-free trading in the US and remains a popular choice among millennials and GenZ traders.

Both brokers offer their proprietary trading platforms, where eToro takes a notable lead. Neither one supports algorithmic trading, but eToro brings its known copy trading service to US traders. Both present market commentary but lack actionable research. Beginner traders get a quality educational section at both, where eToro relies on videos and Robinhood on written content.

We have conducted an in-depth review of eToro and Robinhood to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• eToro vs. Robinhood - Verdict

Headquarters	Israel	United States
Regulators	ASIC, CySEC, FCA, FSA	N/A
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2007	2013
Execution Type(s)	Market Maker	Market Maker
Minimum Deposit	$50 - $10,000	$0
Negative Balance Protection		N/A
Trading Platform(s)	Proprietary platform	Proprietary platform
Average Trading Cost EUR/USD	1.0 pips	N/A
Average Trading Cost GBP/USD	2.2 pips	N/A
Average Trading Cost WTI Crude Oil	$0.05	N/A
Average Trading Cost Gold	$0.45	N/A
Retail Loss Rate	74%	N/A
Minimum Raw Spreads	0.8 pips	N/A
Minimum Standard Spreads	1.3 pips	N/A
Minimum Commission for Forex	$0.00	N/A
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
	Get Started	Get Started

Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons		N/A
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading		N/A
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
	Get Started	Get Started

eToro has its proprietary cryptocurrency wallet and is presently testing stock and ETF trading in closed beta. Robinhood allows traders access to IPOs, fractional share trading from $1.00, and issues its branded debit card.

Available Markets

Currency Pairs		N/A
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds		N/A
ETFs
Options
Futures
Synthetics
	Get Started	Get Started

eToro presently offers 40 cryptocurrencies in the US but plans to expand its overall asset selection. It has an active closed beta for stocks and ETFs at the time of this review. Robinhood offers stocks, ETFs, gold, options, and cryptocurrencies while failing to maintain a detailed asset list amid its ongoing lack of transparency.

Typical Spreads and Fees

Average Trading Cost EUR/USD	1.0 pips	N/A
Average Trading Cost GBP/USD	2.2 pips	N/A
Average Trading Cost WTI Crude Oil	$0.05	N/A
Average Trading Cost Gold	$0.45	N/A
Average Trading Cost Bitcoin	$574	N/A
Minimum Raw Spreads	0.8 pips	N/A
Minimum Standard Spreads	1.3 pips	N/A
Minimum Commission for Forex	$0.00	N/A
Deposit Fee		N/A
Withdrawal Fee		N/A
Inactivity Fee	$10 monthly after 12 monthd	N/A
	Get Started	Get Started

eToro offers cryptocurrency trading with spreads as low as 0.75% on Bitcoin or 1.90% on Ethereum up to 5.00% on Tezos. A 0.10% crypto-to-crypto conversion fee and 0.50% cryptocurrency transfer fee also exists. Robinhood offers traders commission-free trading with higher spreads and regulatory trading fees but lacks overall pricing transparency.

Security and Trust

Country of the Regulator	Australia, Cyprus, Seychelles, United Kingdom	United Kingdom, United States
Name of the Regulator	ASIC, CySEC, FCA, FSA	N/A
Regulatory License Number	491139, 109/10, 583263, SD076	165998, 8-69188, 823590
Regulatory Tier	N/A	1, 1
	Get Started	Get Started

The eToro trading platform is not a member of the Financial Industry Regulatory Authority (FINRA), and the Securities Investor Protection Corporation (SIPC) does not ensure cryptocurrency portfolios. eToro has the necessary licensing to legally conduct its business in the US. It remains duly registered as a Money Service Business with the Financial Crimes Enforcement Network (FinCEN). Robinhood is a FINRA member and offers SIPC protection up to $500,000 per net equity or $250,000 for cash claims.

eToro vs Robinhood – Verdict

eToro

Pros	Cons
Copy-trading with a community numbering 20+ million traders	Limited deposit and withdrawal options
User-friendly web-based trading platform and mobile app	Low asset selection
Quality educational offering for beginner traders via videos
Acceptable cryptocurrency spreads and proprietary cryptocurrency wallet

Robinhood

Pros	Cons
Fractional share dealing from $1.00 and access to IPO trading	Limited deposit and withdrawal options
Debit card for swift financial transactions	Questionable business practices and lack of overall transparency
Beginner traders get a wealth of educational content in written form
Optimized mobile app

eToro presently only caters to cryptocurrency traders in the US, while Robinhood focuses on equities. Neither offers Forex trading, but beginner traders will benefit from the educational content available at eToro and Robinhood alike. eToro offers competitive copy trading while traders at Robinhood get fractional share dealing and a branded debit card. Both enjoy recognition in their respective markets.

You might also be interested in reviewing the below broker comparisons:

• Robinhood vs Coinbase
• Robinhood vs Webull
• Robinhood vs Trading212
• eToro vs Freetrade
• eToro vs moomoo
• eToro vs Fineco

Read full eToro Review

Read full Robinhood Review