eToro vs Stake – Find Out Which Is The Best Brokerage Platform For You

Stake and eToro are two of the best brokerage platforms for investing and trading opportunities in the US, Australia and other markets.

Stake is a commission-free application for brokerage services that allows traders and investors to invest in over 4,500 ETFs and US market stocks.

eToro is a major player among brokerage platforms with a commission-free trading app and access to more than 2,000 different assets, cryptocurrencies, currencies, ETFs, commodities, and other financial derivatives.

eToro vs Stake, which one of the two is better when it comes to performance, features, services, regulations, and fees? Find out which is the best brokerage platform for you.

How eToro and SwyftX compare, and which one is better for trading?

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Feature Comparison

Features can make a difference between a winning and losing investment strategy, depending on the effectiveness and efficiency.

The right features create a great user experience and increase the chances of generating hefty ROI (return on investment), especially for traders and investors who are just beginning to grasp the intricacies of financial markets. Which one of the platforms has better features, eToro or Stake?

eToroStake
Copy TraderFractional shares
Social TradingDownload Investment Activity
eToro News FeedTrack Investments
Popular Investor ProgramReview Investments
eToro Insights/

eToro

What is eToro Copy Trader?

eToro has Copy Trader, which is one of the platform’s most praised features. Copy Trader is a powerful addition to the platform available with eToro Open Book, which is a relatively new update.

Open Book provides access to new markets with relevant and crucial data points and market data that traders can use to create effective investment strategies. eToro users can discover, invest in, and discuss new market opportunities, and trade with currencies, commodities, indices, stocks, and more.

eToro users can use Copy Trader to see what real-life people are investing in. The view of trades is available in real-time so users can copy other investors’ trades if deemed potentially successful.

This feature can help traders create more efficient strategies for maximized ROI. This feature is user-friendly and suitable for beginners as you can copy anyone’s trade with a single click.

What is eToro Social Trading?

Social Trading is another one of eToro’s popular features as this brokerage platform represents one of the largest social trading communities in the world. eToro Social Trading allows traders and investors to exchange insights, opinions, and discuss market data.

The community counts over 15 million users and can help you get a grasp of financial markets and important data like sentiment analysis, for example.

What is eToro News Feed?

eToro News Feed acts like a social network for traders and investors, and this is the feature that allows users to connect with their favorite traders.

You can use eToro News Feed to follow up with significant events and connect with other members.

What is eToro Popular Investor Program?

If you are a low-risk trader, based on your trading history on eToro, you can qualify for the Popular Investor Program.

In case you join the program, eToro lets you collect 2% of Assets Under Management while building your own business in investments. Users are eligible for 2% AUM whenever their trade is copied.

What is eToro Insight feature?  

eToro keeps the platform users informed through eToro Insights. This feature uses alerts and frequent posting of informative blogs to keep the community updated.   

Stake

What is Stake Fractional Shares feature?

Stake uses the Fractional Shares feature to allow users to buy fractions of shares. You can buy fractions of shares via stop orders and market orders by setting up the amount in dollars.

In case you want to sell the shares, you need to specify the number of shares to be sold.

What is Track and Review Investment Feature?

Stake allows users to monitor and review all their investment and trading activities, while users can also download the data containing cash and trading actions made through their accounts.

The data includes dividends, trades, cash flow, trade confirmations, open positions, monthly account statements, and overall access to all crucial data points related to trading.

Service Comparison

eToroStake
eToro CFDsCommission-free Trading
eToro CryptoAdvanced Order Types
eToro Copy PortfoliosReal-time US Market Data
eToro 0% Commission Stocks/

Traders have the opportunity to generate maximized ROI and create winning strategies with state-of-the-art services in the sector of brokerage platforms, however, all investments carry a certain level of risk.

Still, powerful services can help traders mitigate these risks and get the most out of their investments. How are services available on eToro and Stake different and which trading platform is better?

eToro

eToro CFDs

eToro CFDs service works similarly to Stake Fractional Shares feature. eToro CFDs allow users to buy fractional shares, however, this service also offers leverage for trading and open sell short positions.

With this service, you can own a fraction of shares that otherwise wouldn’t be accessible to all traders. eToro also offers zero commissions for numerous assets and financial derivatives, while the zero-fee policy doesn’t apply to stock CFDs.   

eToro Crypto

eToro Crypto service enables users to trade and invest in some of the top cryptocurrencies, which includes Bitcoin, Ethereum, and sixteen additional top-traded cryptos with major market caps.

You can buy fractions of cryptocurrencies available on the platform, while you can also access Crypto Portfolios that are managed by Investment Committee on eToro.

eToro Copy Portfolios

eToro Copy Portfolios service is similar to the platform’s feature Copy Trade as it allows users to copy different investment portfolios made by the top traders in the community. You can copy other trader’s investments in real-time, and choose between three different types of portfolios:

1. Partner Copy Portfolios

eToro’s partners also have portfolios within the Copy Portfolio service, which means that users can choose to copy trades from major investment companies and other eToro partners such as Tipranks, which is a company for stock analyst software.

2. Top Trader Copy Portfolios

This option offers preplanned investment strategies that users can copy from top traders on eToro. Top traders on eToro have exceptional ROI stats and are usually following winning strategies that you can use for your investments and trading options.

3. Market Copy Portfolios

eToro Market Copy Portfolios offer CFDs on commodities, stocks, indices, and ETFs. Thanks to its smart functions, this type of Copy Portfolio uses algorithms for periodic adjustments, allocation of funds, assets, parameters, and rebalancing. This service is monitored by eToro Investment Committee, while the Committee is managed by Barclays.   

eToro 0% Commission Stocks

European traders can invest in stocks on eToro with 0% commission in case they don’t add leverage to buy positions. If applicable to your case, eToro will also neutralize Stamp Duty taxes and allow traders from Ireland to save 1% and 0.5% for UK traders.

Stake

Commission-free Trading

Stake allows users to trade in the US market with zero commissions on limit orders, market orders, fractional shares, and stop-loss orders. Stake also has zero fees for forex trades.

Advanced Order Types

Stake offers different types of orders based on your investment strategy and your goals. You can choose from three different options, which are Stop Orders, Market Orders, and Limit Orders. Limit Orders include Limit SELL and BUY, and Market Orders offer Market SELL and BUY.

Real-time US Market Data

This service allows users to access the US markets whenever the markets are open. Stake platform has an option called “Wall Street,” which grants access to real-time data from the US markets and follows up with key changes and relevant market metrics.

Thanks to this service, you can use National Best Bid and Offer (NBBO) to find the best buy and sell rates across multiple exchanges which increases your chances of generating positive ROI.

How do I open an account?

You can open an account on both Stake and eToro or choose a platform that best suits your investment goals and your level of expertise in financial markets.

eToro

eToro lets you choose between different options before opening an account on this brokerage platform. If you decide to sign up with eToro, you can choose between:

1.       Demo Account

2.      Live Account

3.      eToro Professional Account

4.      Islamic Account

5.      Corporate Account

6.      eToro Club VIP

7.      eToro US Opening Account

Both platforms ask for verification but have different data demands and verification processes.

To open an account on eToro, you will need to visit the official website and choose to join the platform. You will need to fill out an electronic form with required personal data mandatory for opening an account.

You will also be offered to sign up with Google or Facebook. Once you submit the form, you will be presented with a KYC process and asked to provide proof of identity and proof of residency.

Once you complete the KYC, you will need to fill out a questionnaire so that eToro could evaluate the best options for your account based on your experience, professional status, knowledge of financial markets and capital, levels of risk, goals, and similar information.   

Stake

Stake offers two types of accounts for brokerage:

1.       Stake (free)

2.      Stake Black

Before opening an account with Stake, you need to check the availability of this brokerage service in your country of residence. In case you are eligible to open an account, you will get to choose your preferred account type.

You will need to provide your personal information, while the requirements are different depending on the type of account you choose.

You will also be asked to submit a clear scan to prove your identity. Once you finish your identification and complete registration, you can fund your account and you will be assigned to a broker.  

How to trade?

Your trading experience will vary depending on which platform, Stake or eToro, you decide to open an account with. The two platforms differentiate in services, fees, registration processes, and features, which naturally affect trading and investing.

eToro

To trade stocks, ETF’s and crypto on eToro, you will be asked for a minimum deposit of only $50 after successfully registering with this brokerage platform.

Before you start investing with your funds, you can try eToro Demo Account to get familiar with the platform, features, services, and trading in general. You can also use the Copy Trade feature to copy successful traders on eToro.  

Stake

To trade on Stake, you need to deposit funds once you have opened an account. Stake only supports USD, which means that your deposit will be automatically converted into US dollars.

The minimum deposit is $50 and you will get a free Nike, Dropbox, or GoPro stock in case you fund your account within 24 hours from registering. You can download the Stake app to access all features and services.

Fees comparison

Brokerage PlatformeToroStake
Brokerage Fees$0$0 USD, $3 AUD
Withdrawal Fee$50.7% FX
Deposit Fee$0 (for USD)0.7% FX
Inactivity fee$10 (1 year inactive)$0

eToro

eToro won’t charge you for signing up and using a Demo Account. New users are awarded $100 to test trade on the Demo.

eToro takes 0.5% for forex trading on every deposit and FX rates may also apply to non-USD deposits. The minimum amount to withdraw is $30.    

Stake

Stake charges $9 per month for the Stake Black account, which grants access to analyst ratings, company financial stats, unsettled funds trading, and price targets.

Aside from standard fees, Stake will charge 0.5% for conversion from USD to GBP. A 0.5% fee also applies to faster processing of deposits if you want to have funds available almost instantly.   

Are these platforms regulated?

eToro

eToro was established and founded in 2007 as a low-risk brokerage social trading platform when it comes to trading CFDs and forex.

To make low-risk trading possible, eToro is regulated in one tier-2 jurisdiction and two tier-1 jurisdictions. eToro is regulated and authorized by Financial Conduct Authority, CySEC, and ASIC.

Stake

Stake was founded in 2017 with headquarters in Australia and is regulated as a brokerage service by multiple regulators.

Stake is regulated and authorized by Financial Conduct Activity and the Australian Securities and Investment Commission (ASIC).

Conclusion

eToro is best for?

eToro is a great platform for both beginners and more experienced traders. Beginner traders can get a grasp of how trading on eToro looks like by taking a turn with $100 on a free Demo Account.

More experienced traders and investors can become eligible for joining eToro Popular Investor Program and earn commissions. Copy-trading also makes it easier for newbie traders to grow more familiar with financial markets and winning investment strategies.

Stake is best for?

Stake is a user-friendly platform that makes trading less confusing for new and inexperienced traders. Thanks to straightforward features and services, Stake makes a perfect platform for beginners.

More experienced traders may also find Stake suitable as they can use advanced features and services available with the Stake Black account. 

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