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Alternatives to eToro | Apps and competitors to eToro

Looking for an alternative to eToro? Take a look at these similar platforms.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 61%-79.8% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

eToro is a really popular trading platform here in the UK. It lets you invest in a huge range of stocks on some of the largest stock exchanges, including UK shares, US shares and European shares. eToro isn’t for everyone, though — so if you’re looking for a different provider, we’ve compared the features and fees to find some eToro alternatives.

Alternative to eToro for its access to the same stock exchanges: Degiro

Despite not being a commission free trading platform, Degiro is a great alternative to eToro. It’s not free, but it does have some really competitive fees. The minimum deposit is lower with Degiro than eToro, requiring you to top up just £1 into the account. Degiro’s also got better educational tools than eToro, despite not having a demo account to use.

SimilaritiesDifferences
You can invest in the same major stock exchanges with both providersDegiro isn’t commission free – but it still has great fees
Both eToro and Degiro let you invest in shares, exchange traded funds (ETFs) and bondsYou can’t invest in fractional shares with Degiro
Both providers have great charting toolsDegiro’s mobile app isn’t as good as eToro’s
Degiro doesn’t have a demo account or any kind of community

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Alternative to eToro for its advanced trading platform: Saxo

Saxo is another major trading platform with some great features and trading tools. It’s a much more advanced trading platform to eToro, and has really comprehensive charting features. You can invest in all the same shares, and more, as well as funds. Of course, Saxo isn’t commission free, but it does have better educational tools, including its trading courses.

SimilaritiesDifferences
You can invest in the same major stock exchanges with both providersSaxo isn’t commission free – it costs £10 for each trade you make
You can invest in fractional shares with both providersSaxo’s also got a higher minimum deposit of £500, against eToro’s $200
Both eToro and Saxo trader have advanced charting tools to help you understand the movement of the stocks you’re looking atSaxo doesn’t have any kind of forum or space to share ideas with other investors
There’s a mobile app available with both providers, as well as the ability to access investments in the web appSaxo has a higher foreign exchange fee of 1%,
Create watch lists to keep an eye on stocks you’re interested in
Saxo also has a social trading feature available.

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Alternative to eToro for fractional shares and research: Fineco

Fineco is another eToro alternative that has plenty of similarities to it, with just a few things setting it apart – crucially, that it’s not commission free, but it is competitively priced against other major trading platforms.

You can invest in funds with Fineco, which eToro doesn’t offer (except for exchange-traded funds). You can also invest in marginally more stock exchanges with Fineco.

SimilaritiesDifferences
You can invest in similar stock exchanges with both providersFineco isn’t commission free – but it’s still pretty competitively priced
Invest in fractional shares with both providersThe charting isn’t quite as good with Fineco, but it still has lots of charting tools and features you can use
Invest in shares, exchange traded funds and bonds with both providers
Both Fineco and eToro have demo accounts

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Alternative to eToro for its access to US shares: Stake

Stake is a good alternative if you’re only interested in investing in US shares – as you can’t get access to any shares on any other exchanges. It does offer commission free trading, though.

Stake is mobile only, so if you were interested in eToro’s desktop app, this isn’t the alternative for you. The mobile-only aspect means that the charting isn’t as good.

SimilaritiesDifferences
Commission free trading available with both providersYou can only invest in US shares with Stake
Invest in fractional shares with both providersStake is mobile only
The foreign exchange fee is the same with both providersCharting on Stake isn’t as good as with eToro
Stake doesn’t have forums to chat to other investors or educational tools to teach you about investing

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Summary: Top alternatives to eToro

  • DEGIRO: Top for access to the same stock exchanges
  • Saxo Markets: Top for its advanced platform
  • Fineco: Top for fractional shares and research
  • Stake: Top for the access to US shares

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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