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.

EToro offers a wide range of assets and instruments and is well-known for its ‘social trading’ approach. It has among the lowest fees and best mobile app experiences of brokers we tested in the U.K., and offers a great starting point for those new to stock trading. Our analysis finds it better suited to short-term traders than long-term investors.

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, eToro offers better pricing than DEGIRO 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 £0 per year.

12 trades per year - DEGIRO would cost £33 per year, while eToro would cost £0 per year.

36 trades per year - DEGIRO would cost £99 per year, while eToro would cost £0 per year.

120 trades per year - DEGIRO would cost £330 per year, while eToro would cost £0 per year.

3 fund trades per year - DEGIRO would cost £0.0 per year, while eToro would cost £50.0 per year.

DEGIRO requires a minimum deposit of £0.0, while eToro requires a minimum deposit of £50.0. 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.

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 nor eToro offer crypto investing.

Our testing concluded that the website of eToro is better than the website of DEGIRO. eToro offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

To compare the trading platforms of both DEGIRO and eToro, we tested each broker's stock trading app. All features compared, our analysis finds that eToro offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

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 both DEGIRO and eToro offer Education (Share Trading). Neither have Client Webinars, Client Webinars (Archived), Education (Funds) and Education (Retirement).