Webull vs eToro Comparison
Two popular online brokerages in the US are eToro and Webull. Both offer app-based trading with unique features for different investing styles.
To find out which option would be best for you, keep reading to see what each broker offers.
Key Takeaways
• eToro is best known for its cryptocurrency access and CopyTrader service. The broker was founded in Israel.
• Webull is a popular broker best known for its mobile trading technology, user-friendly interface, and growing list of features and services.
Cost
At first glance, both brokers appear similar in terms of cost. A closer examination shows that their pricing advantages depend on which products you trade.
eToro charges no commission or per-contract fee for options trades, although regulatory fees still apply. Webull also charges no commission or per-contract fee for equity and ETF options. However, certain index options cost $0.50 per contract, and oversized option orders cost $0.10 per contract.
| Broker Fees |
Stock/ETF
Commission |
Mutual Fund
Commission |
Options
Commission |
Maintenance
Fee |
Annual IRA
Fee |
|
Webull
|
$0
|
na
|
$0 per contract
|
$0
|
$0
|
|
eToro
|
$0
|
na
|
$0.65 per contract
|
$0
|
$0
|
Winner: Tie
Services
| Broker Review |
Cost |
Investment Products |
Trading Tools |
Customer Service |
Research |
Overall Rating |
|
Webull
|
|
|
|
|
|
|
|
eToro
|
|
|
|
|
|
|
Promotions
Webull:
Claim 12 free stocks worth up to $3,600 + a 5.00% APY on cash + a 3.5% IRA match with Webull.
eToro: Currently, no promotions.
Feature Comparison
The features offered by both brokers, such as eToro's copy trading service and Webull's advanced mobile trading technology, are the most significant things that set them apart.
Cash Management
When it comes to cash management, both Webull and eToro offer ways to earn interest on uninvested cash.
Neither broker offers a traditional debit card for everyday spending, but there are options for earning interest on idle cash. At Webull, customers must enroll in the cash-management feature. At eToro, eligible customers can opt into the high-interest cash program connected to an options account.
Annual percentage rates change constantly, but for comparison purposes, Webull offered 3.6%,
and eToro offered 3.8%.
Winner: Webull
Account Types
Webull offers individual cash and margin accounts, IRAs, joint accounts, custodial accounts, entity accounts, futures accounts, automated advisory accounts, crypto accounts, and event-contract accounts. Entity accounts require an initial deposit of at least $100,000 and an ongoing equity balance of at least $50,000.
eToro takes a more limited approach, offering a taxable investment account and a separate options account. A separate application and approval are required to trade options.
Winner: Webull
Trading Capabilities
Both brokers offer IPO access, fractional shares, and ADRs, and both mainly offer US-listed securities.
Webull has an excellent extended-hours trading session, while eToro does not offer stock or ETF trading outside regular market hours to its US-based customers.
For practice and strategy testing, both brokers offer paper-trading accounts.
Webull offers select OTC securities, futures, and cryptocurrencies. eToro also offers cryptocurrency trading, along with stocks, ETFs, and options.
Social Trading
One of the most distinctive features offered by eToro is CopyTrader. Investors can search for and
follow selected traders with as little as $200 per copied portfolio. The service is not available in every state, and US customers can copy only other US investors. Webull doesn't offer a comparable feature.
Winner: eToro
Robo-Investors
Webull offers automated investing through Webull Advisors. Portfolios are composed primarily of ETFs and are selected according to the investor’s stated preferences and risk tolerance. The service monitors and rebalances portfolios, requires a $100 minimum, and charges an annual advisory fee of 0.20% or at least $1. Investors can also establish recurring deposits.
eToro offers Smart Portfolios, which for US customers are focused on cryptocurrencies rather than traditional stock-and-ETF robo portfolios.
Winner: Webull
Trading Platforms
Webull prides itself on cutting-edge mobile trading technology that caters to the needs of modern investors. Its app has a sleek, user-friendly interface that provides real-time market data, advanced charting tools, and a variety of technical indicators.
While eToro also has a functional mobile app, it does not offer the same depth of tools and customization options found on Webull's platform.
Winner: Webull
Customer Support
Customer support is an essential part of a positive trading experience.
eToro provides customer service through an automated chatbot, live chat, and a ticket system.
Webull provides assistance through its Help Center, support email address, and published customer-service phone number.
Winner: eToro
Promotions
Webull:
Claim 12 free stocks worth up to $3,600 + a 5.00% APY on cash + a 3.5% IRA match with Webull.
eToro: Currently, no promotions.
Recommendations
Beginners: Webull might be a better choice because of its user-friendly mobile trading interface and advanced charting tools. The platform's robo-investing feature can also be helpful for beginners who want a hands-off approach to investing in stocks and ETFs. However, cryptocurrency traders will find more to like with eToro’s social-investing tools.
Short-Term Investors: Webull could be the preferred option for short-term investors because of its extended trading hours and advanced mobile trading capabilities. The platform's real-time market data and technical indicators can be valuable for active traders.
Long-Term Investors: Both brokers offer attractive features for long-term investors, but Webull might have an edge because of its IRA accounts, robo-investing portfolios for stocks and ETFs, and cash-management program.
Small Accounts: eToro could be a good choice for those interested in cryptocurrencies and social investing. The CopyTrader feature requires at least $200 per copied portfolio.
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