eToro vs Uphold: Assets
eToro is the world's largest multi-asset brokerage because they offer over 6,000 Stocks, ETFs, Commodities and more from markets around the world. They also boast a wide variety of cryptocurrency features, including over 65 tradeable assets and a feature to stake and earn with their yield farming platform.
Uphold also offers Stocks, ETFs, Commodities, and crypto, however, they have a lot fewer to choose from. Their exchange only offers 50 US Stocks and 130+ cryptocurrencies. The Uphold app also does not offer Options or alternative commodities like Oil and Gas.
Assets Conclusion: eToro wins. The eToro platform has the widest selection of tradeable markets in the world with over 6,000 assets to buy, sell, and trade.
eToro is a low-commission brokerage, however, they do take a small fee in the spread whenever you trade on their platform. Our team has calculated eToro's average spread to be around 0.5% - which means that they are below the industry average of 1%. eToro also charges an average of 50bps (0.5%) to deposit EUR, GBP, USD, or AUD onto their platform.
Uphold is also a zero-commission brokerage, however, they have incredibly high spreads as noted in their fees guidelines. They charge spreads as high as 3% for precious metals like Gold & Silver, and over 1% for equities and cryptocurrencies. This makes them one of the most expensive platforms in the world.
Fees Conclusion: eToro wins. The eToro platform has significantly lower spreads than Uphold at 0.5% compared to an average of 1.5% on Uphold.
Cryptocurrency Staking Options
Uphold is widely regarded for their easy-to-use cryptocurrency staking app, which allows users to earn up to 19.5% on assets like Solana, Kava, Ethereum, USDC, and 5 others. With Uphold crypto staking, there are no lock-ups which means you can deposit and withdraw your assets from staking at any time.
eToro also offers a cryptocurrency staking feature, however, it is not as expansive as what is available on Uphold. The platform currently offers staking for 4 coins that includes Ethereum, Tron (TRX), Cardano (ADA) and Solana (SOL). The yields go as high as 8% - which makes it slightly less attractive than Uphold.
Staking Conclusion: Uphold wins. The Uphold platform offers more crypto staking options and higher yields compared to eToro.
Security and Regulatory Adherence
eToro was founded in 2008 and is regulated and available in over 100 jurisdictions around the world, including the US, Europe, the UK, Australia, New Zealand, and many nations across Asia. They are the most trusted and secure multi-asset brokerage in the world, given that they have been around for the longest time without any issues to note.
Uphold is also a globally regulated and licensed trading platform, with its headquarters based in London, England. One key difference between Uphold and eToro from a security or trust standpoint is that Uphold is much younger. Their company was founded in 2013 by Halsey Minor, which means they are slightly less battle-tested than eToro.
Security Conclusion: eToro wins. They have been around for over a decade and survived several market crashes and recessions, making them a more battle-tested platform.
eToro vs Uphold: Final Verdict
Overall, it is clear that eToro is the superior platform compared to Uphold based on their wider variety of assets and significantly lower fees. The only advantage that Uphold has is its cryptocurrency staking feature, however, it is still not that great compared to the yields you can get when using popular DeFi applications like AAVE.
For most investors, eToro is the best platform for tight execution on trades, secure custody and optionality on a diverse range of assets.