Robinhood vs eToro: fees, withdrawals, safety and which to use
A $1,000 buy by bank transfer costs $0 at Robinhood, while eToro charges $10.
Robinhood vs eToro fees
Each exchange's own pages provide the dollar fees for $1,000 for Robinhood and eToro.
| $1,000 and the basics | Robinhood | eToro |
|---|---|---|
| Buy by bank transfer (ACH) | $0 | $10 |
| Buy by wire | $0 | – |
| Sell and send to your bank (ACH) | $9.50 | $10 |
| Cash out to your bank (ACH) | $0 | $0 |
| Cash out by wire | $25 | $0 |
| Cash out instantly to a debit card | $17.50 | – |
| States it does not serve | Serves every state | Nevada, Hawaii, Puerto Rico, US Virgin Islands, American Samoa, Guam |
| Serves New York | Yes | Yes |
| Bank withdrawal | Free | Free, 7-day hold after online-banking deposits |
| NYDFS licence | Yes | Yes |
| FinCEN registration | – | Registered |
| App Store rating (ratings) | 4.3 (4,899,968) | 4.4 (9,966) |
| Coins listed | 92 | 113 |
A dash shows that no figure is published for that row. "Not offered" means the exchange doesn't support the method.
Robinhood vs eToro in your state
Robinhood serves Nevada, Hawaii, Puerto Rico, US Virgin Islands, American Samoa and Guam, and eToro does not serve any of them.
Robinhood vs eToro withdrawals
Robinhood bank withdrawals don't cost you anything.
eToro charges no fee for bank withdrawals. After online-banking deposits, there's a 7-day hold, up to 2 working days for processing and generally under 3 more working days for the bank transfer.
Robinhood vs eToro safety
NYDFS has granted Robinhood a New York licence or charter.
NYDFS has granted eToro a New York licence or charter.
Robinhood vs eToro apps and coins
On the App Store, the Robinhood app holds a 4.3 out of 5 score, backed by 4,899,968 ratings.
On the App Store, the eToro app has a 4.4 score out of 5, based on 9,966 ratings.
Robinhood or eToro: which one to pick
- If you'll use the Exchange routing fee tiers and order book from Robinhood, choose Robinhood. Do so if your state isn't served by others.
- Choose eToro if you want its simple buy screen and the eToro app.
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