eToro vs Degiro

Compare eToro vs Degiro Side by Side

Trying to decide between eToro vs Degiro for your trading strategy? Our assessment of eToro Review and Degiro Review covers important aspects like trading fees, commissions, safety precautions, licensing, the range of trading platforms, available financial products, deposit and withdrawal options, and other essential considerations.

Both eToro vs Degiro are well-regulated and hold reputable licenses. eToro is licensed by the top-tier FCA in the UK and Australian ASIC. Additionally, the broker carries the reputable European CySEC (Cyprus) license.

Degiro, on the other hand, is licensed by top-tier German BaFin, as well as by the Netherlands AFM and the Dutch Central Bank (DNB).

eToro operates on a market-maker model, executing trades internally within its platform and offering features like social trading. Degiro, as a Stock Trading broker, employs a direct market access (DMA) model, allowing investors direct access to financial markets and potentially achieving faster order execution.

When evaluating eToro vs Degiro trading conditions, we found that eToro provides good offerings for beginning traders, CFD traders and Crypto traders in the US. There is access to higher leverage and a wide range of instruments so it is a good choice for various traders internationally, while also offering unique social trading capabilities. On the other hand, Degiro has particularly designed its offering for Investments and Stocks trading, so conditions are less wide compared to eToro yet are on a very good level compared to other Investment Brokers.

eToro is known for commission-free trading but include wider spreads since offers trading on CFD basis where the cost structure is typically different. Degiro is known for its low-cost structure to trade Stocks offered on commission basis which is on a very competitive level but typically provides fewer advanced trading features compared to eToro.

eToro provides Standard and Islamic accounts, both offering the same features, with the Islamic account adhering to Sharia law for swap-free trading. Degiro, in contrast, offers four account types: Basic, Active, Trader, and Day Trader, tailored to diverse investor preferences.

Both eToro and Degiro offer a diverse range of trading products. eToro offers stocks, cryptocurrencies, commodities, Forex, etc., making it a comprehensive platform for multi-asset trading.

Degiro, as a Stock trading broker, also provides a wide array of trading products, covering stocks, bonds, options, and ETFs, appealing to investors seeking a variety of investment products.

eToro primarily offers its proprietary trading platform, known for its user-friendly interface and social trading features, allowing traders to engage in copy trading and follow the strategies of experienced investors.

Degiro also provides a straightforward and efficient online trading platform, suitable for both traders and experienced investors, with a focus on low-cost trading and direct market access.

We found that eToro supports various funding methods, including credit/debit cards, bank transfers, and e-wallets, offering flexibility for users to deposit funds. Degiro facilitates funding through bank transfers, providing a reliable and secure method for investors to add funds to their trading accounts.

According to our research, eToro offers a comprehensive education center with articles, videos, webinars, and a social trading community, enhancing the learning experience for users.

Degiro provides customer support through email, phone, and a FAQ section but has a more limited educational offering, making it suitable for users seeking primarily transactional support.

Conclusion on Degiro vs eToro

In conclusion, while both eToro and Degiro cater to diverse investor needs, eToro stands out with its innovative social trading platform and a broad range of trading products mainly providing trading on CFD basis, making it a compelling choice for those looking for a unique and engaging trading experience. On the other hand, Degiro’s focus on low-cost trading and direct market access to trade Stocks and appeals as Investment Broker to investors seeking a more traditional and cost-effective approach.

However, the choice between them ultimately depends on individual trading preferences and goals.

• eToro —  Best Broker for Copy Trading, ideal for beginners or those seeking to benefit from the expertise of others.
• Degiro —  Best European Broker for Stock Trading and Investing, offering a cost-effective platform with a diverse selection of trading products.