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Tiger Brokers vs eToro USA

Tiger Brokers vs eToro USA Comparison Table 2023
Tiger Brokers eToro USA
Review
3.5

Tiger Brokers is #38 in our broker rankings.

Review
4.1

eToro USA is #4 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Founded in 2014, Tiger Brokers is a stocks and securities broker based in China, offering 350+ products on a proprietary trading terminal. The broker is regulated by the Monetary Authority of Singapore (MAS) among others, and is listed on NASDAQ. As of 2021, the broker has 2 million account holders with an annual trading volume of $404.3+ billion.

eToro is a social investing platform that offers 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, this brand is highly respected. eToro securities trading is offered by eToro USA Securities, Inc.

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.
Bonus Offer
Invest $100 and get $10
Promotions

eToro USA: Get A $10 Bonus When You Deposit $100
Comment by Reviewer
"Based on my experience, Tiger Brokers is an excellent choice for dedicated stock traders looking to trade US, Asian and Australian shares, as well as options, futures, warrants and interest rates. It’s also great for anyone looking for explore an innovative proprietary trading platform." "eToro is a top pick for traders looking for social investing and copy trading. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer traders."
Pros
  • I’m satisfied with the brokers strong industry reputation, with multiple awards, custodian backing (including from Interactive Brokers and DBS bank), and its appointed listing on the NASDAQ
  • I think Tiger Brokers competes well with similar brands when it comes to market coverage, with an excellent range of stocks and funds from US and Pacific exchanges
  • I appreciate that there’s no minimum deposit to get started on the powerful trading terminal, which is accessible via a stable desktop app or mobile device
  • I also appreciate that the broker supports fee-free deposits via bank wire and Wise, in a range of currencies including HKD, USD, AUD and EUR
  • I feel relatively safe registering with this broker since it holds reputable licenses with multiple bodies including the SEC, FINRA and MAS
  • There’s a free demo account available for those who want to browse the platform’s features before committing real funds
  • I found several customer service options, including a live chat, telephone number, WhatsApp and email
  • 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 traders can try the broker risk-free
Cons
  • I think some traders may feel restricted by the single proprietary platform offering, with no access to popular third-party stock trading terminals like MetaTrader 4
  • Compared to traditional brokers, there’s limited account funding methods which may be a drawback for traders used to depositing via e-wallets
  • Compared to some other brokers, I think the range of educational resources and market analysis tools is lacking a little
  • I’m a little disappointed that there’s no EMEA market access which would serve a wider cohort of investors
  • Average fees may cut into the profit margins of day traders
  • Narrower range of instruments than some competitors
  • No MetaTrader 4 platform integration
  • Execution speeds trail the fastest brokers
Instruments
Stocks, Options, Futures, Stock Options, ETFs, Warrants, Interest Rates Stocks, Options, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $10
Trading Platforms
  • Tiger Trade
  • TradingView
  • Own
Payment Methods
Minimum Trade
1 Lot $10
Regulator
MAS, SEC & FINRA, ASIC, SIPC, NFA, DTC, NSCC, HKMA SEC, FINRA
Margin Trading
Yes No
Margin Rate
3.0%
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 No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes iOS, Android & Windows
Auto Trading
Copy multiple traders simultaneously with the flexibility to pause and stop. Crypto only.
Copy Trading
No Yes
Copy Trading Platform
Mirror the positions and strategies of other traders with the eToro US copy trading service. Users can get started in three easy steps - select a trader, enter an amount, and hit copy. Crypto only.
Social Trading
No Yes
Trade Signals
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • AUD
  • USD
Stock Exchanges
Cryptocurrency
Crypto trading not offered eToro US leads the way in cryptocurrency trading. 1% fee for buying or selling crypto added to the spread (from 0.75% for BTC), with their own wallet service and the largest number of cryptos to trade in the market. eToro copy trading is only for cryptos. Crypto asset investing is highly volatile and unregulated. No consumer protection. Tax on profits may apply.
Spread
BTC 0.75%
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
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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