Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
DEGIRO
Not regulated in your country DEGIRO does not accept residents in Australia because it is not regulated by ASIC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
eToro
Regulated in your country eToro is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders DEGIRO and eToro are best suited to, based on what each one actually offers in Australia.DEGIRO is better than eToro for futures traders and options traders, while eToro is better for high-volume traders, algo traders and CFD stock traders. Long-term investors, swing traders and news traders can choose either DEGIRO or eToro.
| Overall score | DEGIRO not offered 79 -4 | eToro 81 83 Best |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise DEGIRO and the ones that supervise eToro.Only eToro is regulated in Australia, by ASIC. DEGIRO holds no licence in Australia and is regulated by AFM and BaFin.
| Section score | DEGIRO not offered 100 | eToro 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | AFM (Netherlands), BaFin (Germany) | |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that DEGIRO and eToro have in place to protect your money in Australia.Both DEGIRO and eToro offer segregated client funds and additional money insurance. DEGIRO also offers an investor compensation scheme, and is a licensed bank.
| Section score | DEGIRO not offered 99 Best | eToro 81 81 -18 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2008 | 2007 |
| Parent company i | flatexDEGIRO Bank AG | eToro Group Ltd |
| CEO i | Oliver Behrens | Yoni Assia |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | flatexDEGIRO Bank AG | Australian Settlements Limited |
| Brand power | ||
| Number of customers worldwide i | 3,000,000 | 4,280,000 |
| Annual revenue i | US$480,000,000 | US$1,340,000,000 |
| Monthly website search traffic i | 13.2M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with DEGIRO and with eToro in Australia, both on each trade and on holding the account.There is no like-for-like comparison for CFD/FX costs, as DEGIRO is a stockbroker and does not offer CFD/FX.
DEGIRO and eToro are equally good for real stock costs, since DEGIRO does not charge withdrawal fees or dividend withholding. On the other hand, eToro charges lower US stock fees, at US$4 (against DEGIRO's US$9.28), and does not charge ETF fees (against DEGIRO's US$9.28). Neither DEGIRO nor eToro charges inactivity fees or account maintenance fees.
| Section score | DEGIRO not offered 73 -3 | eToro 55 76 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | ||
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.2 | |
| S&P 500 fees (CFD) i | 1.08 points | |
| Gold fees (CFD) i | 0.88 points | |
| Bitcoin fees (CFD) i | US$1,585.8 | |
| US stocks fees (CFD) i | ||
| Fees on stocks | ||
| Stock fee type i | Commission | Commission |
| US stocks fees (real) i | US$9.28 | US$4 |
| ETF fees (real) i | US$9.28 | Free |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | US$0.75 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | US$0.75 | |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with DEGIRO and with eToro in Australia, and of how many instruments each one gives access to.Only eToro can be assessed for CFD/FX markets, since DEGIRO is a stockbroker and does not offer CFD/FX.
DEGIRO is better than eToro for real stock markets, given that DEGIRO lets you own bonds and funds outright, which eToro does not, offers futures on indices, commodities, stocks and bonds, which eToro does not, and offers options on indices, commodities and stocks, which eToro does not. Both DEGIRO and eToro let you own ETFs and stocks outright.
| Section score | DEGIRO not offered 100 Best | eToro 85 55 -45 |
|---|---|---|
| Total tradable symbols i | 2,800 | 7,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | |
| Futures i | Indices, Commodities, Stocks, Bonds | |
| Options i | Indices, Commodities, Stocks | |
| Assets you can own i | Bonds, ETF, Funds, Stocks | Crypto, ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that DEGIRO and eToro make available to their clients in Australia.eToro and DEGIRO cannot be compared for platforms, because eToro is a broker offering both CFDs and stocks while DEGIRO is a stockbroker.
eToro is better than DEGIRO for platforms, as eToro offers social trading, copy trading and one-click trading, which DEGIRO does not. DEGIRO and eToro both offer a proprietary platform and real-time pricing.
| Section score | DEGIRO not offered 71 -13 | eToro 84 84 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of DEGIRO and eToro in Australia, and of what each one lets you do from your phone.Only eToro can be assessed for mobile trading, since DEGIRO is a stockbroker and does not offer CFD/FX.
eToro is better than DEGIRO for mobile trading, since eToro offers a social trading app, a copy trading app and mobile charting tools, which DEGIRO does not. DEGIRO and eToro both offer a proprietary mobile app and mobile price alerts.
| Section score | DEGIRO not offered 67 -20 | eToro 87 87 Best |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that DEGIRO and eToro allow on their platforms in Australia.DEGIRO does not offer CFD/FX, being a stockbroker, so eToro and DEGIRO cannot be compared for CFD/FX trading features.
eToro is better than DEGIRO for real stock trading features, as eToro offers fractional shares and API access, which DEGIRO does not, and allows for automated trading. DEGIRO and eToro both offer trailing stops.
| Section score | DEGIRO not offered 68 -17 | eToro 68 85 Best |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | Agency |
| Average execution time i | ||
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | |
| Minor/Exotic FX pairs leverage i | 20:1 | |
| Major indices leverage i | 20:1 | |
| Minor indices leverage i | 10:1 | |
| Gold leverage i | 20:1 | |
| Commodities leverage i | 10:1 | |
| Equities leverage i | 3:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | |
| Minimum trade size (stocks) i | US$1 | US$10 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at DEGIRO and at eToro in Australia, and of who each one is meant for.eToro and DEGIRO cannot be compared for CFD/FX account types, because eToro is a broker offering both CFDs and stocks while DEGIRO is a stockbroker.
eToro is better than DEGIRO for real stock account types, because eToro offers a demo account, a corporate account and a copy trading account, which DEGIRO does not. Both DEGIRO and eToro offer a stock investing account and a standard account.
| Section score | DEGIRO not offered 39 -37 | eToro 45 76 Best |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with DEGIRO and with eToro in Australia.eToro and DEGIRO cannot be set side by side for account opening, as DEGIRO is a stockbroker and does not offer CFD/FX, unlike eToro. DEGIRO holds no licence in Australia.
eToro is better than DEGIRO for account opening, given that eToro supports e-wallets, which DEGIRO does not, credits deposits faster, within the same day (against DEGIRO's 2 days), and offers debit cards, which DEGIRO does not. However, DEGIRO does not require a minimum deposit at all (against eToro's US$50). DEGIRO holds no licence in Australia.
| Section score | DEGIRO not offered 60 -9 | eToro 69 69 Best |
|---|---|---|
| Minimum deposit i | US$0 | US$50 |
| Minimum withdrawal i | US$0 | US$30 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | CHF, CZK, EUR, GBP, HUF, NOK, SEK | USD, AUD |
| Deposit waiting time i | up to 2 business days | Instant |
| Withdrawal waiting time i | up to 2 business days | up to 7 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of DEGIRO and eToro in Australia, in how it can be reached and how fast it answers.There is no like-for-like comparison for customer care, as DEGIRO is a stockbroker and does not offer CFD/FX.
eToro is better than DEGIRO for customer care, given that eToro offers a dedicated account manager, priority support and tax assistance, which DEGIRO does not. Both DEGIRO and eToro offer phone support and live chat.
| Section score | DEGIRO not offered 71 -7 | eToro 78 78 Best |
|---|---|---|
| Number of languages supported i | 14 | 7 |
| Website languages i | Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Portuguese, Spanish | Arabic, German, English, French, Italian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Portuguese, Spanish | English |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that DEGIRO and eToro provide to their clients in Australia.Only eToro can be assessed for learning, since DEGIRO is a stockbroker and does not offer CFD/FX.
eToro is better than DEGIRO for learning, as eToro offers professional reports, daily market commentary and daily trading ideas, which DEGIRO does not. Both DEGIRO and eToro offer education for advanced traders and webinars.
| Section score | DEGIRO not offered 63 -33 | eToro 96 96 Best |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
DEGIRO vs eToro: which one should you choose?
DEGIRO
Stocks Choose DEGIRO if you want a stockbroker with no minimum deposit and live in a country where it is licensed to operate.
Not licensed in Australia CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
eToro
CFD/FX Choose eToro if you want an online CFD broker regulated in Australia by ASIC, with copy and social trading.
Stocks Choose eToro if you want a share dealing service regulated in Australia by ASIC, with crypto to own and a demo account.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include DEGIRO or eToro, each scored with the same data and method as this page.
