eToro vs WealthSimple
eToro is a good crypto exchange for learning, socializing and copy-trading. How does it compare to WealthSimple? Read our comparison chart below.
eToro is a social crypto trading platform known for its popular CopyTrading feature. They support a fair range of cryptocurrencies with staking rewards on a few coins. Their fees are moderate compared to other exchanges.
While WealthSimple offers auto-investing with support from real advisors, including a free portfolio review of all your finances. However, fees are higher at 0.5% for accounts $100k and less (and 0.4% for accounts over $100k). It also stands out by offering socially responsible and Halal investment options. There is no minimum to open an account.
Compare eToro with WealthSimple, side-by-side.
Visit Site | Learn More | |
eToro | WealthSimple | |
---|---|---|
Deposit $100 and Get $10 from eToro USA LLC - | Wealthsimple Cash Account - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading | ||
Annual Fee | 0.5% for accounts up to $100k; 0.4% for accounts over $100k | |
Cryptocurrency Trading | ||
Minimum Deposit | $100 ($200 to start copy trading) | |
Mutual Fund Trading | ||
Commission Free ETFs | ||
Phone Support | Yes - M-Th 9a-8p ET; Fri 9a-5:30p ET | |
Live Chat Support | Online 24 hours, Monday to Friday | |
Email Support | ||
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | $7.5 Billion (as of 09/30/2023) | |
Tax Loss Harvesting | Available for accounts over $100,000 | |
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Good For | ||
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | ||
Mobile App | ||
Two-Factor Authentication | ||
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | Yes (eToro virtual account with $100,000 virtual funds) | |
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
Cryptocurrency Trading | ||
Mobile App | ||
Commissions and Fees | ||
Ease of Use | ||
Research | ||
Safety | ||
Pros & Cons | Pros:
| |
Bottom Line | Good crypto exchange for learning, socializing and copy-trading... | |
Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. eToro: Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. CreditDonkey Inc may be compensated if you access certain products or services offered by the MSB and/or the BD. eToro: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. |
Deposit $100 and Get $10 from eToro USA LLC
- Sign up for an eToro account
- Deposit $100
Buy $100 in Crypto and Get $10 Bonus from eToro USA LLC
- Sign up for an eToro account
- Deposit funds
- Invest in $100 worth of crypto
You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
Get $100,000 Virtual Portfolio to Experiment
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing eToro or Robinhood.