eToro vs Uphold

eToro vs Uphold

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January 5, 2023
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Summary: When deciding whether Uphold or eToro is the best trading platform, an investor will need to consider their individual needs and goals, as well as the features of each broker. For crypto investors, Uphold is the superior overall platform because it offers 250+ crypto assets to buy and stake. eToro has a limited digital asset offering with only 65 cryptos and 5 available to stake.

On the other hand, if you are interested in trading multiple asset classes like stocks, ETFs, commodities, and more, eToro is the better choice. Uphold offers a fairly limited selection of stocks and ETFs, while eToro provides access to thousands of traditional assets.

Table of Contents

Platform Highlights

eToro vs Uphold Winner: Uphold 🏆

  • Uphold is available in over 150 countries compared to 100 of eToro.
  • Uphold offers lower fees and tighter spreads to trade on their platform.
  • Uphold offers more crypto assets and more crypto staking options than eToro.

eToro vs Uphold: Available Assets

eToro is the world's largest multi-asset brokerage because they offer over 7,000 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 is the better destination for cryptocurrency investing with over 250 assets available on the platform. They also offer extensive crypto staking features allowing users to earn up to 19.5% APY in interest. However, Uphold has only a few hundred stocks, ETFs and metals to select  from.

Winner: eToro and Uphold draw. Both platforms have unique advantages for Crypto and Stocks.
Uphold User Interface.

Trading Fees

Uphold is a zero-commission brokerage, however, they do take a small fee in the spread whenever you trade on their platform. Our team has calculated Upholds average spread to be around 0.5% - which means that they are below the industry average of 1%. Uphold also charges an average of 50bps (0.5%) to deposit EUR, GBP, USD, or AUD onto their platform.

eToro 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.

Winner: Uphold wins. The eToro platform has significantly lower spreads than eToro at 0.5% compared to an average of 1% 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.

Winner: Uphold wins. The Uphold platform offers more crypto staking options and higher yields compared to eToro.
Earn up to 19.5% APY on Cryptocurrencies via Uphold.

Security and Regulatory Compliance

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.

Final Thoughts

eToro and Uphold are two of the best online brokerages for both traditional asset trading and cryptocurrency investing. Both offer extensive features for their users, but eToro stands out with more available assets and trust/security as a result of their longer tenure in the industry.

However, Uphold can be a better choice for those looking to stake their crypto assets as they offer higher yields and more staking options than what is available on eToro. Ultimately, it’s up to each individual investor to choose the platform that best meets their needs.

eToro vs Uphold

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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