DEGIRO vs eToro 2023

Despite a subpar trading platform, DEGIRO offers cheap stock trading, charging only £1.75 + a £1 handling fee per trade, with a maximum charge of £5. Fees for trading funds, however, are more costly. DEGIRO lags competitors in fundamental research and education, and does not offer ISA or SIPP accounts.

Aside from some hidden fees and a limited research area, eToro does a very good job. It offers a functional and easy-to-use platform, with the bonus of an excellent copy trading option as well as zero-commission stock trades. Its only other limitation is that it doesn’t offer the same breadth of investments as many of the more traditional brokers.

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, DEGIRO offers better pricing than eToro for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

5 trades per year - DEGIRO would cost £13.75 per year, while eToro would cost £154 per year.

12 trades per year - DEGIRO would cost £33 per year, while eToro would cost £154 per year.

36 trades per year - DEGIRO would cost £99 per year, while eToro would cost £154 per year.

120 trades per year - DEGIRO would cost £330 per year, while eToro would cost £154 per year.

3 fund trades per year - DEGIRO would cost £0.0 per year, while eToro would cost £10.0 per year.

DEGIRO requires a minimum deposit of £0.0, while eToro requires a minimum deposit of £10.0. From our testing we found for accounts between £0 - £250,000 DEGIRO charges annual custody fees of 0.20%, while eToro charges annual custody fees of £0 (Other Fees Apply).

DEGIRO offers investors access to Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while eToro offers investors access to Share Trading, CFD Trading, ETFs and Crypto Trading. Neither have ISA, SIPP, Spread Betting and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Unfortunately, neither DEGIRO nor eToro offers ISA or SIPP accounts. Neither have SIPP and ISA.

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither DEGIRO and eToro offer crypto investing.

Our testing concluded that eToro is better for research than DEGIRO. eToro offers more research options, including research reports, articles, and analyst ratings.

To compare the trading platforms of both DEGIRO and eToro, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, our analysis finds that eToro offers a better share dealing platform and eToro offers a better stock app for mobile trading.

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that DEGIRO offers traders access to Education (Share Trading), while eToro offers access to Client Webinars, Client Webinars (Archived) and Education (Share Trading). Neither have Education (Funds) and Education (Retirement).