eToro US vs Firstrade

eToro USA vs Firstrade Comparison Table 2024
eToro USA	Firstrade
Review 4.1	Review 4

eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.	Firstrade is a US-headquartered discount broker-dealer with authorization from the SEC. The company is also a member of FINRA/SIPC. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage. It is also quick and easy to open a new account.
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Customer Reviews
5 Based on 1 eToro USA customer reviews
Bonus Offer
Invest $100 and get $10
Comment by Reviewer
"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."	"We recommend Firstrade for beginner investors looking to trade US stocks with no commissions. There is a wealth of free education plus premium-quality research and trading ideas from Morningstar, Briefing.com, Zacks and Benzinga."
Pros
eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC The online broker offers an intuitive social investment network with straightforward copy trading on cryptos The $10 minimum deposit and straightforward account opening process means beginners can get started quickly A free demo account means new users and prospective day traders can try the broker risk-free The broker's Academy offers comprehensive learning materials for beginners to advanced-level investors Investors can access Smart Portfolios for a more hands-off approach, covering a range of sectors and markets such as renewable energy and artificial intelligence	SIPC member Low OTC fees Crypto trading Premarket trading Accepts US traders No minimum deposit Commission-free investing Regulated by SEC and FINRA Multiple customer support options Access to education, research, and tools Stop limit and trailing stop orders supported Mobile app with advanced features and analysis
Cons
There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs and cryptos There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools Average fees may cut into the profit margins of day traders	No copy trading Some withdrawal fees No 24/7 customer support No forex or futures trading No demo/paper trading account Visa Credit/debit card deposits and withdrawals not accepted
Awards
	Best for ETF & Active Investor Commission & Fees - 2019
Instruments
Stocks, Options, ETFs, Crypto	Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
Demo Account
Yes	No
Minimum Deposit
$10	$0
Trading Platforms
eToro Trading Platform & CopyTrader	Own
Payment Methods
ACH Transfer Debit Card PayPal Wire Transfer	ACH Transfer Automated Customer Account Transfer Service Cheque Wire Transfer
Minimum Trade
$10	$1
Regulator
SEC, FINRA	SEC, FINRA
Margin Trading
Yes	Yes
Margin Rate
8.33%	4.50%
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Android App Rating
4
iOS App Rating
4.3
Auto Trading
No
Copy Trading
Yes	No
Copy Trading Platform
You can mirror the positions and strategies of up to 100 other traders with the market-leading eToro US copy trading service. Unlike many competitors, eToro gives you more control over your portfolio, allowing you to stop or pause a copied trade at any time. Pricing is also fairly competitive, with only $1 required to copy a position. eToro copy trading is for crypto only.
Social Trading
Yes	No
Trade Signals
No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	Yes
Guaranteed Stop Loss
No	No
Inactivity Fee
$10	$0
Islamic Account
Yes	No
Account Currencies
USD	USD
Stock Exchanges
Dow Jones New York Stock Exchange S&P 500	Nasdaq New York Stock Exchange
Cryptocurrency
eToro US offers 24 tradeable cryptoassets, with just a 1% buying/selling fee added to the spread. Additionally, there are 80 different coins available through the broker’s proprietary wallet service. You can also practice your crypto strategies easily by switching between live and demo mode. Crypto asset investing is highly volatile and unregulated. No consumer protection. Tax on profits may apply.	Take positions on dozens of leading cryptocurrencies with low fees and 24/7 investing. Traders need just $1 to start speculating on popular tokens like Bitcoin. Clients can also buy cryptos instantly in a few straightforward steps.
Spread
BTC 0.75%	Variable
Coins
BTC ETH BCH DASH LTC ETC MIOTA XLM EOS NEO ZEC XTZ MKR COMP LINK UNI YFI DOGE AAVE ALGO MANA ENJ BAT MATIC FLR SHIBxM	ALGO AVAX BAT BTC BCH ADA LINK ATOM CRO CRV MANA DOGE ETH ETC FTM LTC LRC MATIC REN SHIB SOL XLM SUSHI GRT UNI YFI
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
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