WH SelfInvest vs eToro USA

WH SelfInvest vs eToro USA Comparison Table 2024
WH SelfInvest eToro USA
Not Yet Rated
4.1

eToro USA is #4 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

WH SelfInvest facilitates multi-asset trading through web & downloadable platforms.

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.

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.
Customer Reviews
5
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."
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
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
Instruments
Futures, CFDs, stocks, bonds, ETFs Stocks, Options, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
€500 $10
Trading Platforms
  • MT4
  • eToro Trading Platform & CopyTrader
Payment Methods
Minimum Trade
0.01 Lots $10
Regulator
BaFin, CSSF, FSMA, AFM SEC, FINRA
Margin Trading
No Yes
Margin Rate
8.33%
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
Android App Rating
4
iOS App Rating
4.3
Auto Trading
Yes No
Copy Trading
No Yes
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 Yes
Trade Signals
Yes (SignalRadar) 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
Yes Yes
Account Currencies
  • USD
Stock Exchanges
Commodities
CFD Trading
Invest in multiple financial markets with leveraged CFDs. CFD trading not offered
Leverage
1:50
FTSE Spread
0.3
GBPUSD Spread
2
Oil Spread
2.5
Stocks Spread
Floating $0
Forex Trading
Trade on the FX market with flexible leverage. Forex trading not offered
GBPUSD Spread
2
EURUSD Spread
1.9
EURGBP Spread
2
Assets
69
Cryptocurrency
Crypto trading not offered 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.
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
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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