Comparison Overview
There are a lot of different factors to consider when choosing an online broker. In this eToro vs Degiro comparison, we will take a look at two of the most popular platforms out there and see which one comes out on top.
eToro is one of the leading social trading platforms in the world, with over 18 million users across Europe. They offer a wide range of assets including stocks, ETFs, crypto and more. eToro is also one of the most popular brokers for copy trading, which allows you to automatically copy the trades of other successful investors.
DEGIRO is a Dutch discount broker that has become increasingly popular in recent years. They offer low fees and a wide range of assets, including stocks, ETFs, bonds and more.
Available Assets
eToro offers the widest range of assets including over 8,000 stocks, ETFs, indices and commodities. They also offer CFDs, which allow you to trade on the price movements of assets without actually owning them. In addition to this, eToro is one of the only multi-asset brokers to offer cryptocurrency trading, with over 80 digital assets listed on their platform.
DEGIRO also offers a wide range of assets including stocks, ETFs, bonds and more. However, they do not offer CFDs or cryptocurrency trading. This means that if you want to trade these asset classes, you will need to find another broker.
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Trading Fees
The eToro platform is a zero-commission broker across all of its available assets. This means that you pay no fees to buy or sell stocks, crypto, ETFs and other assets on their platform. That said, it is important to note that they do charge a small spread between the buy and sell price. The average spread on eToro is around 0.5% and is much lower for more liquid assets like NDX, SPY, BTC, Gold, ETH and others.
DEGIRO is a discount broker that offers some of the lowest fees in the industry. For example, their stock trading fees start at just €0.50 per trade with no commission charged. However, it is important to note that they do charge higher fees for some assets like mutual funds and bonds. They also have spreads that average at around 0.5% to trade on their platform.
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Trustworthiness & Regulation
eToro is a well-regulated broker with licenses from CySEC, ASIC and FCA. This means that they are subject to strict financial regulations and are required to segregate client funds in segregated bank accounts. In addition to this, eToro is also a member of the Investor Compensation Fund which protects clients up to €20,000 in the event that the broker becomes insolvent.
DEGIRO is also a well-regulated broker with licenses from CySEC and the Netherlands Autoriteit Financiële Markten (AFM). This means that they too are required to segregate client funds and are subject to strict financial regulations. However, it is important to note that DEGIRO is not a member of the Investor Compensation Fund.
Customer Support
eToro offers 24/7 customer support through live chat, email and phone. They also have an extensive FAQ section on their website that covers a wide range of topics.
DEGIRO also offers customer support through live chat, email and phone. However, they do not have an FAQ section on their website and their customer support is only available in English and Dutch.
Deposits & Withdrawals
eToro offers a wide range of deposit and withdrawal options including bank transfers, credit/debit card and e-wallets like PayPal and Skrill. They also accept a wide range of currencies including USD, EUR, GBP, AUD, CAD, CHF and more.
DEGIRO only offers bank transfers as a deposit method. This means that if you want to deposit funds using a credit/debit card or e-wallet, you will need to use another broker. They also only accept EUR as a currency, which may not be convenient for some investors.
eToro vs DEGIRO: Final Thoughts
eToro is our top choice for an online broker. They offer the widest range of assets, including stocks, ETFs, indices, commodities and cryptocurrency. They also have some of the lowest fees in the industry and are a well-regulated and trustworthy broker.
DEGIRO is a good choice for investors looking for low fees. However, they only offer trading in Europe and only accept bank transfers as a deposit method. They also do not offer customer support 24/7.
