eToro vs Degiro

eToro is a pioneer in copy trading, which is the core of its business model, and its primary copy trading tool, CopyTraders, attracts most of the 30M+ traders to eToro. Smart Portfolios, its custom-tailored, in-house investment product featuring thematic long-term buy-and-hold investment, expands on its passive trading and investing theme. Other benefits include a user-friendly mobile app and 3,000+ assets, making eToro a leading copy trading broker.

Degiro shines with its low transaction fees and choice of equities and ETFs, making it a leading European brokerage owned by a publicly listed German bank focused on manual trading and passive investments. It provides ESG ratings and analyst views, the two most prominent features for assisting clients. Degiro also offers 2,000,000+ assets.

We have conducted an in-depth review of eToro and Degiro to determine which presents the better overall choice and which types of traders will benefit the most at each broker.

Headquarters
IsraelNetherlands
Regulators
ASIC, CySEC, FCA, FSAN/A
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established
20072008
Execution Type(s)
Market MakerN/A
Minimum Deposit
$50 - $10,000N/A
Negative Balance Protection
N/A
Trading Platform(s)
Proprietary platformProprietary platform
Average Trading Cost EUR/USD
1.0 pipsNot applicable
Average Trading Cost GBP/USD
2.2 pipsNot applicable
Average Trading Cost WTI Crude Oil
$0.05 Undisclosed
Average Trading Cost Gold
$0.45 Undisclosed
Retail Loss Rate
74%Undisclosed
Minimum Raw Spreads
0.8 pipsNot applicable
Minimum Standard Spreads
1.3 pipsNot applicable
Minimum Commission for Forex
$0.00Not applicable
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features & Platforms

MT4
MT5
MT4/MT5 Add-Ons
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
DOM?
N/A
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
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Noteworthy:

eToro features an in-house cryptocurrency wallet, a mobile e-money account, and eToro Academy. Degiro maintains excellent educational tools.

Available Markets

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
N/A
Stocks
N/A
Stocks (non-CFDs)
Bonds
ETFs
Options
Futures
Synthetics
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eToro provides traders with 3,000+ assets focused on liquid and popular equity CFDs and ETFs. The Forex selection is above average, and other asset types have an adequate presence with various cross-asset diversification opportunities. Degiro does not offer Forex or cryptocurrencies but excels with its equity and ETF selection, enhanced via options and futures trading.

Typical Spreads & Fees

Average Trading Cost EUR/USD
1.0 pipsNot applicable
Average Trading Cost GBP/USD
2.2 pipsNot applicable
Average Trading Cost WTI Crude Oil
$0.05 Undisclosed
Average Trading Cost Gold
$0.45 Undisclosed
Average Trading Cost Bitcoin
$574 Not applicable
Minimum Raw Spreads
0.8 pipsNot applicable
Minimum Standard Spreads
1.3 pipsNot applicable
Minimum Commission for Forex
$0.00Not applicable
Deposit Fee
N/A
Withdrawal Fee
N/A
Inactivity Fee
$10 monthly after 12 monthd N/A
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eToro offers commission-free Forex trading with minimum spreads of 1.0 pips or $10.00 per lot. Commission-free equity and ETF trading for unleveraged buy-only orders applies. Degiro charges a €1.00 flat tax that applies to all transactions. Most global ETFs cost €2.00. Investment funds come with a €3.90 commission plus a 0.20% service fee.

Account Types

The account structure at eToro is simple, as it provides everyone with an identical CFD account, where the minimum deposit depends on the geographic location of traders. Degiro features four account types: Basic, Active, Trader, and Day Trader. Everyone starts with Basic and can upgrade by passing appropriateness tests and signing additional conditions. eToro offers Islamic and demo accounts, which are unavailable at Degiro. However, both brokers offer managed portfolios.

Account Types
eToro
Degiro
Commission-free Accounts
Yes
Yes
Commission-based Accounts
No
No
Demo Accounts
Yes
No
Islamic Accounts
Yes
No
Social / Copy Trading
Yes
No
Managed Accounts
Yes
Yes

Minimum Deposit

Deposit Snapshot
eToro
Degiro
Minimum Deposit
$200
$0
Deposit Fees
Third-Party
Third-Party
E-wallets
Yes
No
Cryptocurrencies
No
No
Localized Methods
Yes
Yes
Total Deposit Methods
14
2
Supported Deposit Currencies
USD, EUR, GBP, AUD, 10+
USD, EUR, GBP, CHF

The eToro minimum deposit depends on the geographic location of clients. It is as low as $10 for US and UK traders and as high as $10,000 for Israel-resident traders. EU-based clients can start at $50; most international clients can start with a minimum deposit of $200. There is no minimum deposit requirement at Degiro, but it only supports bank wires and Sofort payments.

Minmum Withdrawal

Withdrawal Snapshot
eToro
Degiro
Minimum Withdrawal
$30
$0
Internal Withdrawal Fees
$5 for each payment processor
No internal withdrawal fees
Internal Processing Times
Up to two business days
Between two to four business days

The minimum withdrawal amount at eToro is $30 versus $0 at Degiro, but eToro supports significantly more payment processors, making money management simple. Degiro, owned by flatexDEGIRO Bank AG, automatically opens a bank account and prefers that clients use it for financial transactions. There is no internal withdrawal fee at Degiro. While eToro levies a flat fee of $5, it processes withdrawals faster than Degiro.

Security & Trust

Country of the Regulator
Australia, Cyprus, Seychelles, United KingdomGermany, Netherlands
Name of the Regulator
ASIC, CySEC, FCA, FSAN/A
Regulatory License Number
491139, 109/10, 583263, SD076Undisclosed
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Both brokers segregate client deposits from corporate funds, but eToro provides retail traders with negative balance protection. Degiro is part of the publicly listed German flatexDEGIRO Bank AG, offering an extra layer of regulation and financial controls. eToro and Degiro have both established themselves as trusted and secure partners.

Broker versus Broker Verdict

eToro

Pros
Cons
Copy-trading with a community exceeding 30 million traders
Higher minimum deposit requirement but within a reasonable range
User-friendly web-based trading platform and mobile app
Quality educational offering for beginner traders via the eToro Academy
Balanced asset selection with a focus on equity CFDs and ETFs

Degiro

Pros
Cons
Low transaction fees
No Forex or cryptocurrency trading
Equities and ETFs from 50 exchanges
Only available in 17 countries
User-friendly web-based investment platform

Degiro delivers an exceptional asset selection for equity and ETF traders, with the option of third-party fund management by well-known companies. However, eToro is an overall superior broker, serving its core market excellently, with in-house management investment portfolios, fractional share dealing, and an active copy trading community ideal for beginners.

You might also be interested in reviewing the below broker comparisons:

Read full eToro Review
Read full Degiro Review

FAQs

Is your money safe in Degiro?

Degiro is part of the publicly listed flatexDEGIRO Bank AG. Therefore, your money should be safe.

What is the downside to eToro?

eToro does not support algorithmic trading and does not have the lowest trading fees in the industry.

Is there something better than eToro?

Many brokers offer a better product and services portfolio for strategies that eToro does not support. For copy trading strategies, though, eToro ranks among the top brokers.

Is Degiro better than eToro?

It depends on client strategies, as both brokers offer an edge to their core markets. For example, Degiro delivers low transaction fees and an exceptional asset selection for equity and ETF traders. However, eToro offers 3,000+ assets, a large, active copy trading community great for CFD traders, and in-house management of investment portfolios.

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