eToro vs Fidelity

eToro ranks among the leading copy trading brokers with 30M+ clients who benefit from a user-friendly web-based trading platform and mobile app. eToro offers 3,000+ assets and has an expanding presence in the cryptocurrency sector. Its primary copy trading tool, CopyTraders and Smart Portfolios, and its custom-tailored investment product featuring thematic long-term buy-and-hold investment managed in-house by eToro are at the core of its success.

Fidelity presents its Active Trader Pro platform, including tools like Trade Armor, allowing clients to visualize trade and risk management strategies, and the Daily Dashboard, which displays data relevant to open positions. Clients also benefit from superb research, like the Social Sentiment Score, helping traders navigate social media trends and independent research reports.

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

Headquarters
IsraelUnited States
Regulators
ASIC, CySEC, FCA, FSAFINMA, SEC
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established
20071946
Execution Type(s)
Market MakerMarket Maker
Minimum Deposit
$50 - $10,000$1
Negative Balance Protection
Trading Platform(s)
Proprietary platformProprietary platform, ATpro platforms
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 Not applicable
Average Trading Cost Gold
$0.45 Not applicable
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 & Platform

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

eToro provides its in-house cryptocurrency wallet, a mobile e-money account, and eToro Academy. Fidelity is among the most dominant global asset managers, with $4.3+ trillion in assets under management.

Available Markets

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks
N/A
Stocks (non-CFDs)
Bonds
ETFs
Options
Futures
Synthetics
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Traders at eToro get a well-balanced asset selection featuring 3,000+ trading instruments focused on liquid and popular equity CFDs and ETFs. Forex traders get an above-average choice, while traders of other asset classes receive a sufficient selection for cross-asset diversification. Fidelity shines with its equity, ETF, option, and mutual fund offerings with access to 25 countries and 16 currencies.

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 Not applicable
Average Trading Cost Gold
$0.45 Not applicable
Average Trading Cost Bitcoin
$574 1% maximum spread
Minimum Raw Spreads
0.8 pipsNot applicable
Minimum Standard Spreads
1.3 pipsNot applicable
Minimum Commission for Forex
$0.00Not applicable
Deposit Fee
Withdrawal Fee
Inactivity Fee
$10 monthly after 12 monthd no
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eToro and Fidelity offer commission-free equities and ETFs that the former applies to unleveraged buy-only orders. eToro also features commission-free Forex trading with minimum spreads of 1.0 pips or $10.00 per lot, while Fidelity has no-fee mutual funds. Option traders pay $0.65 per contract, and bonds cost $1.00 per bond. These are two asset classes unavailable at eToro.

Account Types

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

Clients at eToro get the same trading account, with the sole difference being the minimum deposit requirement, as it depends on the geographic location of traders. Fidelity lists ten account types and is a leading broker for retirement accounts and long-term buy-and-hold investment portfolios. Fidelity also has a youth account with a debit card. Both brokers offer demo accounts. However, eToro also provides a swap-free Islamic account.

Minimum Deposit

Deposit Snapshot
eToro
Fidelity
Minimum Deposit
$200
$1
Deposit Fees
Third-Party
Third-Party
E-wallets
Yes
Yes
Cryptocurrencies
No
No
Localized Methods
Yes
Yes
Total Deposit Methods
14
5
Supported Deposit Currencies
USD, EUR, GBP, AUD, 10+
USD

Fidelity has a minimum deposit requirement of $1 for non-retirement accounts and $10 for retirement accounts. The daily maximum deposit amount is $250,000, and select services, like its robo-advisory, have minimum capital requirements. The eToro minimum deposit is just $10 for US and UK-resident traders and $50 for EU traders. Most international clients must commit $200, and Israeli-resident traders have to deposit $10,000.

Minimum Withdrawal

Withdrawal Snapshot
eToro
Fidelity
Minimum Withdrawal
$30
$0
Internal Withdrawal Fees
$5 for each payment processor
Third-party
Internal Processing Times
up to two business days
One to six business days

eToro has a reasonable minimum withdrawal amount of $30, which Fidelity bests with its $0 threshold. Clients at eToro must pay a $5 flat fee for withdrawals, which are free at Fidelity. Potential third-party payment processing fees may apply to both brokers. Withdrawal times are faster at eToro, where money management remains more trader-friendly due to more payment processors and eToro Money, while Fidelity relies on bank-related options.

Security & Trust

Country of the Regulator
Australia, Cyprus, Seychelles, United KingdomUnited States
Name of the Regulator
ASIC, CySEC, FCA, FSAFINMA, SEC
Regulatory License Number
491139, 109/10, 583263, SD0768-23292, 7784
Regulatory Tier
N/A1
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EToro

Country of the Regulator
Name of the Regulator
License Number
Australia
Australian Securities & Investments Commission
491139
Seychelles
Financial Services Authority
SD076
Cyprus
Cyprus Securities and Exchange Commission
109/10
UK
Financial Conduct Authority
583263
Malta
Malta Financial Services Authority
C97952

Fidelity

Country of the Regulator
Name of the Regulator
License Number
US
Securities and Exchange Commission / FINRA
8-23292, 7784

Security and trust are equally great at eToro and Fidelity. The latter has notably more operational experience, while the former complies with more global regulators. Both rank among the most trusted and secure brokers and are privately held. eToro and Fidelity segregate client deposits from corporate funds and provide investor protection.

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

Fidelity

Pros
Cons
Outstanding choice of equities, ETFs, and mutual funds
Expensive margin rates for traders
Superb independent research
Limited payment processors
Commission-free equity and ETF trading

Fidelity is an excellent choice for long-term investors, retirement portfolios, and wealth management. Clients get a cutting-edge investment platform with high-quality research. While both brokers offer fractional share investments, eToro is better for traders and beginners overall. They benefit from an active copy trading community, a user-friendly trading platform and mobile app, and in-house management investment portfolios.

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

Read full eToro Review
Read full Fidelity Review

FAQs

Is it smart to invest in Fidelity?

Yes, investing with Fidelity is smart due to its competitive environment for unleveraged long-term buy-and-hold investors.

Is Fidelity a trusted broker?

Yes, Fidelity belongs to the most trusted brokers in the US with global recognition.

What is the downside to eToro?

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

What is better than eToro?

Some brokers offer a better environment for niche strategies that eToro does not cover, but eToro ranks among the industry leaders for copy-trading brokers.

Is Fidelity better than eToro?

It depends on individual preferences, as both brokers offer their core market unique products and services with a competitive edge. eToro will suit traders with a passive strategy, while Fidelity shines with its wealth management and retirement offers.

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