DEGIRO vs eToro: Comparison and Analysis

DEGIRO vs eToro: A Comparison Summary

When it comes to choosing between two brokers, such as DEGIRO and eToro, it is important to consider several factors, such as security, demo accounts, account opening, social-copy trading, markets, trading fees, platforms, education and customer care. Here’s a comparison summary of DEGIRO vs eToro:

Regulation

DEGIRO holds only the BaFin regulation, which means it is available only within the European Union, while eToro is registered with CySEC, ASIC and FCA.

Demo Accounts

DEGIRO does not offer a demo account, while eToro offers an unlimited demo account with virtual funds of $100,000, which can be restored by contacting customer support.

Account Opening

DEGIRO has a lower minimum deposit of €0.01, and offers a basic, active, trader, and day trader account. However, it only accepts EUR as account currency. eToro’s minimum deposit is $50 depending on the country, offers a standard, Islamic, corporate, and professional account for advanced traders, and only accepts USD as account currency.

Social-Copy Trading

DEGIRO does not offer social-copy trading, while eToro is known for its social-copy trading service, which is provided through their proprietary platform.

Markets

DEGIRO offers 30,000+ stocks, 4,500+ ETFs, and 500+ futures and options, but does not offer forex, commodities, indices, or crypto assets. eToro offers 49 forex pairs, 35 commodities, 20 indices, 80 crypto assets, 1,050+ stocks, 290+ ETFs, and 4 futures and options, both as CFDs and real assets.

Trading Fees

DEGIRO has very low commissions of $1 per order. eToro offers zero-commission real stocks (other fees may apply) and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10, but has spreads above the market average.

Platforms

DEGIRO has a proprietary platform available via web and mobile devices, but it is not easy to use and may take some time to navigate. eToro has a user-friendly proprietary platform specialised in copy and social trading, available via web and mobile devices.

Education and Customer Care

DEGIRO has quality education material, detailed tutorials on stock investing, and easy-to-contact customer care via email and phone, but no live chat. eToro offers high-quality education material, including blog articles, fintech guides, and trading videos, webinars and seminars, and easy-to-contact customer care via email and live chat.

Conclusion

Overall, DEGIRO is a suitable option for long-term investing in stocks and ETFs, while eToro offers a wider range of markets, social-copy trading, and zero-commission real stocks and ETFs, both as CFDs and real assets. eToro also offers an unlimited demo account and high-quality education material, making it a good choice for both novice and advanced traders. However, DEGIRO may be a better option for European traders who prefer lower fees and simple investing options.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest in cryptocurrencies unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.