Charles Schwab vs eToro
Charles Schwab or eToro – which is better for UK traders 2024? Compare Charles Schwab and eToro in this detailed breakdown of their platforms, features and fees.
| Charles Schwab | eToro |
|---|---|
 |
 |
|
|
| Charles Schwab is ranked #118 among UK brokers. | eToro is ranked #14 among CFD brokers. |
| Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts. The trustworthy brand has been offering financial services for 45+ years with over 35 million brokerage accounts and $870+ billion in assets under management. Charles Schwab is also regulated by top-tier watchdogs including the SEC and FCA. | eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail CFD accounts lose money. |
| 76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. | |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| FCA Regulated | |
| No | Yes |
| Instruments | |
| Stocks, ETFs, Cryptos, Futures, Options, Commodities, Bonds | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $50 |
| Payment Methods | |
| Minimum Trade | |
| $1 | $10 |
| Regulator | |
| SEC, FINRA, FCA1 | FCA, ASIC, CySEC, FSA, FSRA, MFSA |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand. |
|
| iOS App Rating | |
|
|
|
| Android App Rating | |
|
|
|
| Margin Trading | |
| No | Yes |
| Margin Rate | |
| 1% | |
| MetaTrader 4 | |
| No | No |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | Yes |
| Robo Advisor | |
| Yes | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Auto Trading | |
| Yes | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners. | |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| Yes | Yes |
| Custodial Account | |
| Yes | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $10 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
|
|
| Commodities | |
|
|
| CFD | |
| You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides. | |
| Leverage | |
| 1:30 | |
| FTSE Spread | |
| 1.5 | |
| GBPUSD Spread< | |
| 1.9 | |
| Oil Spread | |
| 0.05 | |
| Stocks Spread | |
| 0.57 (Apple) | |
| Forex | |
| An above-average selection of 55 currencies are available with reasonable spreads averaging 0.9 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators. | |
| Assets | |
| 55 | |
| GBPUSD Spread | |
| 1.9 | |
| EURUSD Spread | |
| 0.9 | |
| EURGBP Spread | |
| 1.3 | |
| Currency Indices | |
|
|
| Cryptocurrency | |
| Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks. You can get exposure to popular digital currencies such as Bitcoin, Ripple and Ethereum. | eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 95+ tokens which is continually being updated. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more |
| Spread | |
| Floating | BTC 1% |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | Yes |
| Auto Market Maker | |
| No | No |
| Charles Schwab | eToro |
| 76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. | |
| More Comparisons | |
|
Charles Schwab vs |
eToro vs |