Compare eToro vs Firstrade


Online brokers compared for fees, trading platforms, safety and more. See how eToro stacks up against Firstrade!

eToro vs Firstrade
overall rating
4.7
4.4
overall pros
  • Free stock and ETF trading
  • Seamless account opening
  • Social trading experience
  • Free stock, ETF, fund and options trading
  • Solid research tools
  • Quality educational tools
overall cons
  • High forex fees
  • Withdrawing money can be slow
  • Only one account base currency
  • No credit/debit cards and electronic wallets for money transfer
  • You can trade only on US markets
  • No live chat or 24/7 availability
fees
4.3
  • Low trading fees
  • Free stock trading
  • Low CFD fees
  • Withdrawal fee
  • Monthly inactivity fee after 1 year of no trading
4.7
  • Low trading fees
  • Low non-trading fees
  • Free stock, ETF, fund and options trading
  • High margin rates
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account verification
deposit and withdrawal
3.5
  • Credit/Debit card available
  • No deposit fee
  • User-friendly
  • Only one account base currency
  • $5 withdrawal fee
  • Conversion fee for non-USD deposits
2.0
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High outgoing wire transfer fee
web trading platform
4.4
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
4.3
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
mobile trading platform
4.9
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
3.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
  • Mutual funds and bonds are not covered
desktop trading platform
markets and products
3.8
  • Stock
  • ETF
  • Forex
  • CFD
  • Crypto
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.5
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • Analyst recommendations
  • No fundamental data available
  • No/poor quality news flow
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
customer service
3.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No phone support
  • No 24/7 support
  • Live chat is offline quite often
0.3
  • Email support
  • No live chat
  • No 24/7 support
  • Slow support
  • Irrelevant answers
  • Phone support didn't connect anyone
education
2.5
  • Demo account
  • Intro guide to the platform
  • Basic educational videos
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Well-known innovative fintech firm.
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading Beginners and investors looking for zero-commission trading, focusing on the US market
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