Compare eToro vs Halifax

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

eToro vs Halifax
open account	Open account Your capital is at risk	Open account
overall rating	4.7	4.0
overall pros	Free stock and ETF trading Seamless account opening Social trading experience	Low non-trading fees Good options for deposits and withdrawals Quick and easy account opening
overall cons	High forex fees Withdrawing money can be slow Only one account base currency	High stock trading fees Limited web-based platform No mobile or desktop platforms
fees	4.3 Low trading fees Free stock trading Low CFD fees Withdrawal fee Monthly inactivity fee after 1 year of no trading	2.2 Low non-trading fees No withdrawal fee No inactivity fee High trading fees High stock and ETF fees
account opening	5.0 Fast Fully digital Low minimum deposit	4.0 Fast Fully digital No minimum deposit Not user-friendly Only for UK residents
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	3.8 Credit/Debit card available Free withdrawal No deposit fee Only one account base currency Slow withdrawal - over 3 days Electronic wallets not available
web trading platform	4.4 User-friendly Clear fee report Two-step (safer) login Limited customizability (for charts, workspace)	3.5 User-friendly Clear fee report Two-step (safer) login Limited customizability (for charts, workspace) No research capabilities in the portal
mobile trading platform	4.9 User-friendly Two-step (safer) login Good search function No Touch/Face ID login
desktop trading platform
markets and products	3.8 Stock ETF Forex CFD Crypto	3.0 Stock ETF Fund Investment Trusts
research	3.5 Good interactive chart Trading ideas User-friendly Analyst recommendations No fundamental data available No/poor quality news flow	3.5 Trading ideas Data on asset fundamentals Research tools not integrated into web trading platform
customer service	3.5 Live chat Fast response time Relevant answers No phone support No 24/7 support Live chat is offline quite often	3.0 Phone support Live chat Relevant answers No 24/7 support No response to email
education	2.5 Demo account Intro guide to the platform Basic educational videos	3.5 Trading platform tutorial Educational videos No demo account
safety	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	High level of investor protection Banking background All clients belong to a top-tier financial authority
recommended for	Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading	Beginners and long-term investors

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