TradeZero vs eToro

TradeZero or eToro – which is better for UK traders 2024? Compare TradeZero and eToro in this detailed breakdown of their platforms, features and fees.

TradeZero vs eToro Comparison Table 2024
TradeZero eToro
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2.6
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4.1
TradeZero is ranked #118 among UK brokers. eToro is ranked #14 among CFD brokers.
Review
Review
TradeZero is a stock and ETF broker established in the Bahamas in 2015. Though the global entity is regulated offshore, the US subsidiary is overseen by FINRA with SIPC registration. The powerful proprietary trading software makes it a popular choice for active traders. 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
  • ZeroPro provides access to advanced charting features, instant alerts, customizable hotkeys and, for an extra monthly fee, OTC Level 2 markets
  • High intraday leverage up to 1:6 for global accounts with balances of $2,499+ and up to 1:4 for US clients
  • Four in-house platforms including a proprietary mobile app with real-time data streaming
  • Simple pricing structure; free or paid stock and options orders (eligibility requirements apply)
  • On-demand tutorial videos and live stream market insights
  • The US entity is registered with the FINRA and SIPC
  • Innovative solution to mark unused locates for credit
  • Pre-market and post-market trading hours
  • The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat
  • The broker's services are great for beginners, with commission-free stock trading, a low minimum deposit and an unlimited demo
  • Charts are powered by TradingView and offer strong technical analysis features, including 9 chart types and over 100 indicators
  • There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses
  • eToro has bolstered its investment offering, most recently with new crypto assets, now offering over 90 digital currencies
  • The web platform and mobile app perform better in user reviews and app rankings than top competitors, including AvaTrade
  • Top copy traders can receive annual payments up to 1.5% of assets under copy in the broker's Popular Investor Program
  • Exciting investment portfolios are available covering traditional market trends as well as tech, crypto and more
  • eToro is a world-renowned brand with top-tier global regulation and a 25M+ user community
Cons
  • TradeZero only facilitates trading US stocks, with UK, EU and other international markets unavailable
  • High deposit and withdrawal fees; $50 for outgoing and $25 for incoming (waived if over $500)
  • The TradeZero global entity has weaker regulatory oversight from the SCB of the Bahamas
  • A $59 monthly fee applies to the ZeroPro and ZeroWeb terminals
  • Customer support is available 24/7 with a responsive live chat
  • The lack of additional charting platforms like MT4 will reduce the appeal for seasoned traders accustomed to using third-party software
  • There are no guaranteed stop loss orders which would be a useful risk management feature for beginners
  • There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital
  • Traders will face currency conversion fees for account denominations other than USD
  • There are limited contact methods aside from the in-platform live chat
Awards
  • Best Cryptocurrency Trading Platform 2022 - Finder
  • Education Materials/Program 2022 - Investment Trends
  • Best Copy Trading Platform 2021 - Ultimate Fintech Awards
  • Best Multi-Asset Trading Platform 2021 - Ultimate Fintech Awards
  • Best Stockbroker 2021 - Ultimate Fintech Awards
  • Best Social Trading Platform 2019 - ADVFN International Financial Awards
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Stocks, ETFs, Options CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs
Demo Account
No Yes
Minimum Deposit
$200 $50
Payment Methods
Minimum Trade
$1 $10
Regulator
SCB, FINRA 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
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4.8
Android App Rating
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4
Margin Trading
Yes Yes
Margin Rate
8% 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
No Yes
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
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
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
Commodities
  • Gold
  • Silver
  • Oil
  • Copper
  • Cotton
  • Coffee
  • Livestock
  • Wheat
  • Precious Metals
  • Platinum
  • Gasoline
  • Cocoa
  • Sugar
  • Palladium
  • Corn
  • Aluminium
  • Soybeans
  • Nickel
  • Lead
  • Iron
  • Lithium
  • Cannabis
  • Natural Gas
  • Orange Juice
  • Zinc
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
  • USD
Cryptocurrency
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
BTC 1%
Coins
  • BTC
  • ETH
  • BCH
  • XRP
  • DASH
  • LTC
  • ETC
  • API3
  • CRO
  • SKL
  • IMX
  • ADA
  • MIOTA
  • XLM
  • EOS
  • NEO
  • TRX
  • ZEC
  • BNB
  • XTZ
  • DOT
  • MKR
  • COMP
  • LINK
  • UNI
  • YFI
  • DOGE
  • AAVE
  • FIL
  • ALGO
  • ATOM
  • MANA
  • APE
  • LRC
  • ENJ
  • BICO
  • BAT
  • BNT
  • OGN
  • MATIC
  • FLR
  • GALA
  • ALICE
  • CHZ
  • HBAR
  • DYDX
  • SOL
  • THETA
  • FTM
  • GRT
  • 1INCH
  • CRV
  • ANKR
  • OXT
  • REN
  • SNX
  • STORJ
  • ZRX
  • CELO
  • SUSHI
  • QNT
  • BAL
  • FET
  • SHIBxM
  • AMP
  • AXS
  • SGB
  • CTSI
  • ENS
  • UMA
  • LUNC
  • FTT
  • SRM
  • LPT
  • KNC
  • ARB
  • RNDR
  • OP
  • LDO
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
TradeZero eToro
Review
Review
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.
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