eToro vs Royal compared

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

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.

Brokers displayed might not be available in United States.

More alternatives to eToro and Royal

eToro

Royal

eToro

4.9

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Your capital is at risk

Royal

3.9

Visit broker

86.67% of retail CFD accounts lose money

Last update of data—Jan 2023

eToroRoyal

eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC. eToro USA LCC does not offer CFDs, only real Crypto assets available.

Royal is an Australian forex broker. It is regulated by many regulators globally, including the top-tier Australian ASIC.

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

Recommended for traders looking for low forex fees and preferring the MetaTrader platform.

eToro

eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC. eToro USA LCC does not offer CFDs, only real Crypto assets available.

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

Royal

Royal is an Australian forex broker. It is regulated by many regulators globally, including the top-tier Australian ASIC.

Recommended for traders looking for low forex fees and preferring the MetaTrader platform.

eToro's service is slightly better than Royal's and a comparison of their fees shows that eToro's fees are lower than Royal's.

Account opening takes about the same effort at eToro compared to Royal, deposit and withdrawal processes are somewhat more complicated at eToro, while customer service quality is somewhat lower than Royal's.

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

*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

3.9

Recommended for Traders looking for low forex fees and preferring the MetaTrader platform

Country of origin

Israel

Country of origin

Australia

Fees

Fees score

4.2

Fees score

3.0

Fees summary

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

Fees summary

Low forex, but high CFD fees

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

4.6

Number of base currencies

Deposit type

Withdrawal type

Account opening

Account opening score

5.0

Account opening score

5.0

Account opening fully online

Minimum deposit

$50

Minimum deposit

$50

Time to open account

1 day

Time to open account

1 day

Required documents

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

Required documents

Proof of identity: valid passport or government ID, AND a driving license Proof of residency: utility bills, bank or credit card statement, tenancy contract or a residency certificate

Trading platform

Web platform score

4.4

Web platform score

2.8

Mobile platform score

4.9

Mobile platform score

3.8

Desktop platform score

3.4

Markets and products

Markets and products score

4.7

Markets and products score

1.8

Stocks

Fractional shares

ETFs

Forex

Funds

Bonds

Options

Futures

Crypto

CFDs

CFD disclaimer

Disclaimer: 81% 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.

CFD disclaimer

Disclaimer: 86.67% 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

4.5

Charting quality

Great

Charting quality

Mid-range

Education score

5.0

Education score

3.0

Demo account

Customer service

Customer service score

4.0

Customer service score

5.0

Phone

Live chat

24/7 availability

Security

Investor protection amount

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

Investor protection amount

€20,000 for clients under CySEC

Banking background

Listed on stock exchange

Foundation date

2007

Foundation date

2006

Country of regulation

UK, Cyprus, Australia

Country of regulation

Australia, Cyprus, Lebanon, Saint Vincent and the Grenadines, Vanuatu

eToro

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

Read Review

Royal

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.

Brokers displayed might not be available in United States.

More alternatives to eToro and Royal

eToro vs Royal compared

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