eToro Alternatives

eToro is a multi-asset trading platform supporting cryptocurrencies, stocks, commodities, and Forex. It has gained recognition for its commission-free and social trading capabilities.

Those seeking a wider range of cryptocurrencies and lower non-trading fees can look to eToro alternatives.

Other trading platforms also fulfill different specific niches unavailable on eToro.

We have covered these eToro alternatives focusing on their unique features, products, and pricing structure to help you decide which suits your preferences and financial goals.

Top 7 eToro Alternatives Compared

Here are the best alternatives to eToro.

1. Robinhood – Best for Mobile App traders

Robinhood is a mobile-first trading platform seeking to provide an easy way for traders to participate in the financial markets. Users can trade multiple assets, including stocks and cryptocurrencies, without any commission.

Robinhood Products and Features

Robinhood is a mobile-based app offering commission-free stock trading and investing. It targets a new generation of investors with multiple tradeable instruments on an easy-to-use app. The standout features and products on Robinhood are:

Crypto Trading

You can buy and sell cryptocurrencies like Bitcoin and Ethereum without any commission and trade them through any of the following trading strategies:

• Market orders

• Limit orders

• Stop orders

• Stop limit orders

Robinhood now allows complete ownership and control of all cryptocurrencies you buy. It’s possible to use the inbuilt wallet to send, receive, and swap crypto assets.

Cold Storage

Crypto purchased on Robinhood is stored in a mix of hot and cold wallets. Most customers’ crypto assets are stored in cold storage for better protection against hacking. Moreover, the assets in the storage systems are insured against criminal activity.

Crypto Order Routing

While trading cryptos, the Robinhood platform routes your order through different trading venues and finds the best price for your trade.

Crypto Learn and Earn

Robinhood’s learn and earn program is available only for customers who have successfully completed the registration on the platform. You receive rewards directly to your account after completing lessons and passing quizzes on crypto. For instance, a USDC learn and earn program would offer you $1 after every module you complete.

Robinhood Security

Robinhood’s security system is designed to protect users and accounts. It comprises features that add an extra layer of security to users' accounts, including two-factor authentication (2FA).

The platform provides online and offline storage for cryptocurrencies. It’s authorized and regulated by FINRA.

Is Robinhood Beginner Friendly?

Robinhood deliberately targets a new generation of traders with its simple-to-use trading platform. Basic trading processes like setting up an account, fiat deposits, and trading are simplified to ensure a beginner-friendly experience.

2. Coinbase – Best for Beginners

Coinbase is a popular crypto exchange, serving millions of customers in the US and across the globe. This easy-to-use platform lets customers buy, sell, store, and manage their crypto asset portfolios easily.

Coinbase Products and Features

Coinbase has various features that make it a great place to start trading crypto:

Coinbase Wallet

The Coinbase wallet supports thousands of tokens and provides complete protection for your digital assets including NFTs. Being a self-custody wallet, it offers customers complete control of their crypto.

Coinbase Earn

You can earn up to 6% APY by staking eligible crypto or DeFi yield farming and also by applying high crypoto lending rates. Through Defi yield, you can earn crypto rewards by lending your crypto to a third-party Defi lending app.

Coinbase Learning Rewards

Coinbase runs a program where users can watch video tutorials, complete quizzes, and earn rewards. It supports an extensive library of educational content, including articles, Web3, and market updates.

Cryptocurrency Selection

Popular cryptocurrencies on Coinbase

• Bitcoin

• Ethereum

• Tether

• USD Coin

• XRP

Coinbase Security

The Coinbase ecosystem is secured through a variety of measures, including

• A multi-faceted risk management program

• Data encryption throughout the platform

• Account protection through 2FA, Coinbase vault, and multi-approval withdrawals

• Asset segregation using top-tier banks

• Fraud detection using AI

Is Coinbase Beginner Friendly?

Coinbase is an excellent choice for investors starting their cryptocurrency trading journey. It removes the complexities of trading crypto-assets by providing an easy way to buy crypto with fiat currencies.

3. Pepperstone - Best For Trading Crypto CFDs

Founded in 2010, Pepperstone is a fast and reliable broker for trading CFDs on crypto and various other asset types. It has attracted a global user base of more than 400,000 traders.

Pepperstone Products and Features

Pepperstone aims to provide everything that professional traders need. Let’s take a look at what the broker has to offer.

Access to Diverse Markets

With more than 1,200 instruments to choose from, Pepperstone is a good option for traders who want to speculate on multiple markets. You can access CFDs on crypto, shares, Forex, ETFs, commodities, indices, and currency indices.

Choice of Trading Platforms

Traders should be able to find a platform to meet their needs, regardless of experience level. Beginners may opt for the easy-to-use cTrader platform (pictured), which can be easily customized and integrated with TradingView’s advanced charting tools. MetaTrader 4 is intuitive and includes features such as algorithmic and copy trading, while MetaTrader 5 provides even greater functionality for advanced traders.

Education and Analysis

The Education section of the website provides access to a wide range of trading guides, webinars, and educational videos. On top of this, users can benefit from an economic calendar and insights from leading market analysts.

Pepperstone Security

Pepperstone keeps its clients’ funds safe in tier 1 regulated EU banks. The funds are segregated and would be protected in the case of liquidation of the company. Leading global regulators have licensed Pepperstone, including the FCA, ASIC, and CySEC.

Is Pepperstone Beginner-Friendly?

The complex nature of CFDs means that they should only be traded by people who understand the risks. Those who want an intuitive platform may find cTrader suitable, though this will also give them access to some complicated trading tools.

4. Gemini – Best for Active Traders

Gemini is a crypto exchange suitable for novice and experienced traders. You can buy over 90 crypto assets, including popular options like Bitcoin and Ethereum, on the platform.

Gemini Products and Features

Some of the leading products and features on Gemini are:

Gemini Custody

Gemini offers institutional-grade storage using a compliant, secure, and user-friendly custody solution. With this cold storage system, you can easily store and manage your cryptos and be confident of an insurance cover of $200 million.

Gemini Credit Card

You can earn up to 3% in crypto, such as Bitcoin and Ethereum, when you use your Gemini Credit Card for purchases. The rewards are deposited into your account immediately after every purchase. Cardholders do not have to pay any annual or transaction fees. Moreover, Gemini Credit Card is widely regarded as the best crypto credit card, offering seamless integration of traditional banking services with advanced cryptocurrency features.

Staking

You can stake multiple crypto assets on Gemini with no minimum staking amount and receive rewards directly to your account. In fact, staking has gained significant popularity in the cryptocurrency world, with many investors seeking the best coins to stake for passive income and long-term growth.

• Solana Staking

Gemini Wallet

Gemini’s wallet infrastructure supports all assets listed on the platform. Assets can be stored in a hot or institutional-grade cold storage system depending on the requirements of the platform, with all crypto assets being insured. In fact, when comparing different cryptocurrency platforms, the choice often comes down to specifics, as in the case of Gemini vs Crypto.com, where Gemini Wallet's robust security measures and user-friendly interface often draw customers looking for a reliable and intuitive cryptocurrency management experience."

Gemini ActiveTrader

This product of Gemini is designed to offer a professional trading experience. Its high performance, advanced charting tools, and multiple order types make it ideal for active professional traders.

Cryptocurrency Selection

The top five cryptocurrencies on the platform include:

• Bitcoin

• Ethereum

• Tether

• XRP

• Cardano

Gemini Security

Gemini prides itself in implementing cutting-edge security standards as illustrated below:

• Licensed and Regulated by the New York Trust company

• Multisignature schemes

• SOC certifications

• Insurance coverage for the wallet and Gemini Custody

• Offline crypto storage

• 2 factor authentication

Is Gemini Beginner Friendly?

The Gemini platform is intuitive and user-friendly, allowing beginners to set up accounts easily and trade crypto seamlessly. It is reputable, has strong security foundations, and has good customer support, which makes it dependable to those starting crypto investing.

5. Binance.US – Best for Experienced Traders

Binance.US is an offshoot of the main Binance trading app certified for US residents. It offers a decent number of crypto assets and low trading fees, making it attractive to all levels of traders.

Binance.US Products and Features

Some of the top features and products on Binance.US are:

Crypto Staking

You can stake on Binance.US and earn up to 16% APY on your crypto. Customers can adjust the amount to stake or unstake at any time. In fact, Binance.US offers a diverse range of services including robust trading options and secure crypto staking platforms for users to maximize their digital assets' potential.

Over the Counter (OTC) Platform

Binance.US provides a portal where trades are negotiated directly between buyers and sellers without providing a public order book. It enables the completion of large crypto deals without market disruption.

Advanced trading

Binance.US provides a professional trading interface to access multiple order types, such as market and limit orders. The interface is customizable, and you can use charting tools and price indicators to make informed decisions.

Binance Cryptocurrency Selection

• Binance USD

• Tether

• BNB

• Bitcoin

• Ethereum

• XRP

Binance.US Security

The exchange guarantees account and data security through proactive measures like data encryption, 2FA, and dollar balance insurance. Other advanced measures include API access control, and IP and wallet address whitelisting.

Is Binance.US Beginner-Friendly?

The Binance.US mobile app and trading applications make it easy to start your crypto trading journey. You can quickly deposit funds through bank transfer and exchange fiat for crypto assets. In fact, being one of the leading cryptocurrency exchanges, Binance continues to dominate the market despite the emergence of numerous Binance alternatives seeking to provide alternative trading platforms and services. In addition, Binance offers various financial services, including crypto interest accounts, allowing users to earn passive income on their digital assets.

The FAQ section makes it easier for investors to find solutions on the platform. There are a limited number of articles that cover diverse topics.

6. Bitrue – Best for Passive Income Investment

Bitrue supports over 700 crypto assets and an extensive number of crypto pairs. Apart from buying and selling crypto, you can trade derivatives like USDT futures.

Bitrue Products and Features

Some of the top features and products on Bitrue are:

BTR Lockups

Bitrue users can stake BTR to lock up investments and earn more interest compared to using the power piggy feature. Your BTR is locked concurrently with the principal, awaiting maturity before the interest is disbursed to your account.

Crypto Staking

Customers can stake and earn up to 100% APY, mostly in BTR or the staked coin. The funds you invest are locked until maturity and can be redeemed afterward.

Launchpad

Bitrue offers a launchpad for crypto-based projects to help them in raising capital by making the project’s native assets available to investors at a lower price.

Yield Farming

This feature is similar to DeFi mining pools, and it authorizes customers to use their BTR coins to farm for coins. It helps users to establish consistent long-term income streams even during market downturns.

Cryptocurrency Selection

Here is the list of top cryptocurrencies on Bitrue

• Bitcoin

• XRP

• Ethereum

• TRON

• Solana

• Litecoin

Bitrue Security

Bitrue suffered a security breach in 2019, and since then, the exchange has worked a lot to regain the confidence of crypto investors. Apart from the standard security obligations, Bitrue also insures crypto assets, runs strict internal risk procedures, and operates bug bounty programs.

Is Bitrue Beginner Friendly?

Bitrue offers a combination of features and products for novice and expert traders. You can utilize its user-friendly mobile app to access your portfolio and trade crypto. The platform periodically runs promotions to entice beginners.

7. Changelly - Best For Non-custodial Swaps

You can buy, sell, and swap more than 500 cryptocurrencies on Changelly’s instant crypto exchange. If you already have a wallet, this is one of the best places to make swaps while keeping full custody of your own assets.

Changelly Products and Features

Changelly’s easy-to-use platform will give you access to the following:

Best Market Rates

When you buy, sell, or exchange any of the more than 500 cryptocurrencies available on the platform, Changelly finds the best exchange rate for you by scanning the prices on a variety of exchanges.

Self-custody

Changelly users don’t need to go through a lengthy KYC process as they keep custody of their own crypto. This leaves users in complete control throughout the exchange process and means they don’t need to share their private keys with the platform.

Mobile App

More than 150 cryptocurrencies are available to buy, sell, and swap on the go through the Changelly App. Users will enjoy fast, low-fee swaps at the best market rates, as well as being able to monitor prices and curate a watchlist from anywhere.

Changelly Security

Security is in the hands of users as Changelly won’t have access to your funds or private keys. You can keep your crypto safe in a hardware wallet like Trezor, which can be integrated with Changelly.

Is Changelly Beginner-Friendly?

Beginners will have no trouble using Changelly as the platform is incredibly simple and intuitive. However, as Changelly is non-custodial, users will need to have the skills to set up and use their own private wallets. Accessible options include Exodus and Coinbase.

Honourable Mentions

Apart from the eToro alternatives we have listed, there are many trading platforms in the US where you can buy crypto assets easily. Moomoo and Webull are two options that deserve honorable mentions.

Moomoo

This is a new-generation online broker offering commission-free trading. It features an enhanced trading experience and leverages technology to provide on-the-go investing through an app.

You can trade stocks, options, and ETFs with the app as it provides advanced technical analysis tools, in-depth market data, and an active online community.

Webull

This is an all-in-one self-directed trading platform with a good user experience and advanced trading tools. You can access Webull on multiple platforms and can trade stocks, options, and ETFs without commission.

eToro Alternatives Fee Comparison

Here is the fee comparison to help you get value for money.

eToro Overview (Features and Products)

eToro is a multi-asset brokerage platform popular for its social trading features. It offers a decent amount of cryptocurrencies alongside other trading instruments such as stocks, ETFs, commodities, and forex.

The social trading aspect allows users to follow and replicate investment moves by successful traders. This feature is a favorite among beginners who use it to learn trading from experienced traders while avoiding costly mistakes.

Traders on the platform can also use Smart Portfolios for premium pre-made investment portfolios. This asset selection is focused on predefined themes, sectors, regions, and trends.

For instance, the CryptoEqual smart portfolio aggregates a diversified collection of cryptos from eToro’s universe. It’s an easier way to invest long-term, and the minimum capital requirement is $500.

eToro is beginner friendly due to its modern, simple-to-use, and intuitive design. It also boasts a wide range of assets, innovative trading features, and a highly functional mobile app.

The eToro academy is a library of free courses, tutorials, videos, and podcasts designed for different types of traders. These resources are designed to help users learn how to invest and trade.

Why Are Investors Searching For eToro Alternatives?

eToro has a limited selection of crypto assets compared to exchanges like Binance and Coinbase. Investors looking for newer crypto assets are unlikely to find them on eToro.

Moreover, the platform charges a $10 monthly inactivity fee after 12 months of account inactivity. It also takes a 1% fee of the trading capital, which is more expensive than Binance. These fees discourage long-term and active traders.

eToro Alternatives

eToro is a highly-rated trading platform with social trading capabilities. Traders can share ideas and strategies, and replicate portfolios or moves from top investors. Besides the CopyTrader functionality, eToro offers zero-commission stocks trading on a sleek and intuitive platform, making it attractive to beginners.

However, the limited selection of tradeable assets and the higher fees are some of the reasons why investors are looking for other options. If you want to focus on crypto trading, Binance and Coinbase provide an extensive selection of crypto assets.

Robinhood delivers an alternative for mobile-centric traders starting their investing journey. It has made it easy to onboard traders and launch trades, which attracts novice traders.

Read our comprehensive reviews as described above for the other eToro alternatives.

FAQs