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3+ best eToro alternatives & competitors in 2024

Research the best alternatives to eToro, compiled using a range of criteria, including cost, security, and user reviews.
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Updated: Jun 15, 2023
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eToro has become a dominant force thanks to its zero-commission stock trading and social investing platform. It was founded in 2017 and introduced zero-commission trading for the first time in 2019, it now boasts more than 20 million active users.

Compare the cost of trading and the available range of financial markets to learn if you can trust eToro, or whether it’s better to find the best eToro alternative.

Quick take: best alternatives to eToro 2024

  1. TastyTrade: Best for options trading like a pro
  2. Plus500: Best for international CFD trading*
  3. TradeStation: Best for fast & reliable trading with institutional-grade tools
  4. eToro: Best for beginners, copy-trading & demo-account
  5. Public: Best for sharing beginner trading ideas

Top 10 eToro alternatives & similar sites

1. TastyTrade: Best for options trading like a pro

TastyTrade logo

...

Fees

...

Minimum deposit

20

No. assets

No

Demo/virtual account

Overview

We love TastyTrade because it’s an options trading platform built by market experts. TastyTrade is the latest piece of trading software built by the industry veterans who created thinkorswim, another hugely successful broker that made professional trading accessible to the everyday trader.

While TastyTrade offers stock and ETF trading, its core functionality lies in options and futures contracts. Notably, they recently added the ability to trade spot Bitcoin ETFs, catering to the growing interest in cryptocurrency. However, keep in mind their focus is on US markets; you won’t find international stocks or mutual funds here.

What truly sets TastyTrade apart are a competitive pricing structure and its dedication to options education. They heavily invest in educational content through their platform, tastylive, offering free webinars, tutorials, and resources specifically geared towards options trading. This focus is crucial as options involve a steeper learning curve compared to stock investing.

The fees: There are zero commissions on straight up stock & ETF trades. Stock options are charged a $1 fee to open and zero commission to close a position. Futures start from $0.25 per side. Crypto trades cost 1% of the total position on open and close.

Highlights

Visit TastyTrade TastyTrade Review

2. Plus500. Best for international CFD trading*

From 0.08%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to CFDs on over 2000 stocks.

Plus500 has something for all types of stock trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting.

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding depending on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. TradeStation: Best for fast & reliable trading with institutional-grade tools

TradeStation_Logo

...

Fees

...

Minimum deposit

20

No. assets

No

Demo/virtual account

Overview

We love TradeStation because TradeStation it offers rapid trade execution in a simple, convenient package that’s packed with trading tools. TradeStation is a well-established online broker known for its powerful desktop platform and extensive toolkit for active investors.

Once catering primarily to professionals, TradeStation has expanded to accommodate individual investors seeking a feature-rich trading experience. It now offers a wide range of assets, including stocks, ETFs, bonds, options, and futures contracts. This variety allows users to implement diverse trading strategies. They also recently introduced commission-free trading for stocks and ETFs under a specific share threshold, making it attractive for active day traders.

The true strength of TradeStation lies in its desktop platform. It’s highly customizable, enabling users to design personalized layouts, technical indicators, and even code their own trading strategies. Another huge benefit is the fact that TradeStation offers paper trading, allowing you to test and refine your strategies before risking real capital.

The fees: Stocks & ETFs are commission free. Stock options come with a $0.60 fee per contract, while futures contracts start from $0.50 per contract, per side. Investing in bonds and mutual funds is significantly more expensive.

Highlights

Visit TradeStation TradeStation Review

4. eToro. Best for beginners, copy-trading & demo-account

0% commission

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.

Highlights

Visit eToro eToro Review

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

5. Public. Best for sharing beginner trading ideas

public.com logo

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours.

Highlights

Visit Review
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

Compare similar apps to eToro

We have assigned each eToro alternative a rating to give you an idea of the overall service each trading platform provides. The score, alongside a snapshot of some important features, allow us to quickly summarise eToro’s top competitors.

eToroBinanceCoinbasePublic
Minimum deposit£10£10£10No minimum
Trading feesYesYesYesYes
Tradable assets3,000+350+3,000+9,000+
Supported assetsCrypto, stocks, forex, indices, EFTs, NFTsCryptoCrypto, NFTsCrypto, stocks, ETFs
Demo accountYesYesNoNo
Invezz rating4.64.14.54.4
Visit site > Visit site > Visit site > Visit site >

How the best eToro alternative was found

We found alternative cryptocurrency exchanges to eToro by reviewing what most closely matched eToro in terms of the business model, licensing & operations, cost of trading, target audience, and crypto markets available.

We ranked each alternative on these factors while taking into account all available user-reviews across services like TrustpilotReviews.io, and Sitejabber, to find the services that offered similar apps to eToro.

Here are some more of the features we used to identify the best eToro alternatives.

  • Best low fee eToro alternatives. The main cost of using a broker comes from trading fees or commissions but there may be other fees as well. We considered the overall cost of using a different broker, including inactivity fees, spreads, and conversion fees.
  • Best eToro alternatives for beginners. Beginner-friendly eToro alternatives provide an intuitive app and trading experience that helps you make your first steps in trading. The most important feature it must offer is a free demo account, while features like copy or social trading can be useful as well.
  • Best eToro competitors with similar products. We picked out platforms where the markets and number of assets available most closely resembled eToro. Good eToro alternatives offer a large, varied range of products.
  • Most secure eToro alternative. All the eToro competitors we recommend are regulated by top tier financial regulators to protect you and your money. We also look for similar apps to eToro that are transparent about their finances and how they store customer funds.
  • Best eToro competitors with highest user reviews & customer ratings. Real life experience of using a trading platform is important. We identified the most popular platforms by comparing those with the best average ratings and most positive user reviews.

Best low fee alternatives to eToro

You don’t want to switch trading platforms only to pay more for the service. Here’s how eToro alternatives compare in terms of how they make their money:

eToroBinanceCoinbasePublic
Trading feesYesYesYesYes
Inactivity feesYesNoNoYes
Rollover/overnight feesYes, on CFDsNoNoNo
Withdrawal feesYesYesYesYes
SpreadsYes, on certain assetsNoYesYes
Conversion feesYes, for non-USD currenciesNoNoNo

Best eToro alternative for beginners

eToro is targeted towards beginners, so any competitor should provide a helpful experience to new users as well. Here is a comparison of beginner-friendly features available from eToro’s competitors:

eToroBinanceCoinbasePublic
Free demo accountYesYesNoNo
Video tutorialsYesNoYesNo
Copy tradingYesNoNoNo
Trading academyYesYesYesYes

eToro competitors with similar products

A eToro alternative should allow you to invest into a similar range of assets and markets. That way, you can invest in the same products even if you switch brokers. Here’s how the competitors compare to eToro:

eToroBinanceCoinbasePublic
Currencies49
Stocks31179,000+
ETFs3179,000+
Indices20
Commodities26
Cryptocurrencies73350+3,000+29

Most secure eToro alternative

Regulation is important because it offers you financial protection in the event that something happens to the broker, like a bankruptcy. Here are how the top alternatives fare against eToro in terms of regulatory protection.

eToroBinanceCoinbasePublic
Africa regulationFSAS
Asia regulation
Australasia regulationASIC
European regulationFCA, CySEC, DNB, AMF, OAM, MFSABaFin
North American regulationFinCEN, FINRAFinCENFINRA, SEC
South American regulation

Best eToro competitors with highest user reviews & customer ratings

We gathered data from independent review platforms to show what the experience of using an eToro alternative was like for other people. 

This information can be a useful tool to help you decide which platform to use, but remember that there are many reasons why someone might have a good or bad experience with a service – and not all of them are the platform’s fault.

eToroBinanceCoinbasePublic
Trustpilot4.42.01.5
Reviews.io3.02.84.5
Sitejabber2.073.061.745
Choose an eToro alternative

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Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.