eToro vs Firstrade compared

eToro

Firstrade

eToro

4.9

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Your capital is at risk

Firstrade

4.5

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Key differences

Customer service score
4.0
/5
Deposit and withdrawal score
3.8
/5
Markets and products score
4.7
/5

Customer service score
1.1
/5
Deposit and withdrawal score
2.2
/5
Markets and products score
3.2
/5

Recommended for

Beginners
4.7
/5
Equity
4.7
/5

Beginners
3.7
/5
Equity
4.1
/5

You can open an account in United States

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score

4.9

Recommended for Traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading

Best broker for beginners

Overall Score

4.5

Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market

Country of origin

Israel

Country of origin

USA

Fees

Fees score

4.2

Fees score

4.4

Fees summary

Low trading fees, high non-trading fees, free stock and ETF trading

Fees summary

Low trading and non-trading fees, free stock, ETF, fund and options trading

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score

3.8

Deposit and withdrawal score

2.2

Number of base currencies

Deposit type

Withdrawal type

Account opening

Account opening score

5.0

Account opening score

4.2

Account opening fully online

Minimum deposit

$50

Minimum deposit

Time to open account

1 day

Time to open account

1-3 days

Required documents

Proof of identity: passport / personal ID Proof of residency: utility bill

Required documents

Proof of identity: SSN / passport / national ID card / driver's license

Trading platform

Web platform score

4.4

Web platform score

4.3

Mobile platform score

4.9

Mobile platform score

3.8

Desktop platform score

Markets and products

Markets and products score

4.7

Markets and products score

3.2

Stocks

Fractional shares

ETFs

Forex

Funds

Bonds

Options

Futures

Crypto

CFDs

CFD disclaimer

Disclaimer: 81.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score

3.5

Research score

4.8

Charting quality

Great

Charting quality

Great

Education score

5.0

Education score

3.5

Demo account

Customer service

Customer service score

4.0

Customer service score

1.1

Phone

Live chat

24/7 availability

Security

Investor protection amount

£85,000 for UK residents, €20,000 for non-UK residents

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background

Listed on stock exchange

Foundation date

2007

Foundation date

1985

Country of regulation

UK, Cyprus, Australia

Country of regulation

USA

eToro

For detailed information and hands-on experience, read our review of this broker.

Read Review

Firstrade

For detailed information and hands-on experience, read our review of this broker.

Read Review

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

eToro's service is slightly better than Firstrade's and a comparison of their fees shows that eToro's fees are similar to Firstrade's.

Account opening takes somewhat less effort at eToro compared to Firstrade, deposit and withdrawal processes are more seamless at eToro, while customer service quality is much better than Firstrade's.

Our experts rated the trading platform of eToro as somewhat better than the platform of Firstrade, found that clients have access to more markets and products with eToro, while Firstrade provides better research and education.

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eToro vs Firstrade compared

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