When you invest money, your capital is at risk. Investments can go down as well as up in value, so you could get back less than you put in. A rule of thumb is to hang on to your investments for at least five years to give them the best chance of providing the returns you are hoping for.

eToro vs Stake

Updated On: Sep 23, 2021
eToro vs Stake - Which is better

Below, we compare two of the best commission-free trading apps in the UK - eToro and Stake.


eToro is a multi-asset commission-free brokerage that provides access to over 2,000 stocks, cryptocurrencies, CFDs and other instruments, whereas Stake is a digital brokerage app that gives you direct access to the US stock market and allows you to invest in over 4,500 US stocks and ETFs, commission-free. Both platforms do not offer ISA or SIPP.


Use the tabs below to learn more about the similarities and differences between eToro and Stake.

eToro LogoStake Logo

eToro - Access over 2,000 stocks, cryptocurrencies and CFDs, commission-free

Is eToro any good?

eToro is a multi-asset trading platform that helps make traditional money management more accessible to the average person.

As a social trading platform, eToro offers users a unique trading experience which allows you to follow the financial activity of other top users and copy their investment choices in real-time.

The platform currently provides 15+ million users in over 140 countries easy access to more than 2,500 products, a host of engaging features and a collaborative trading community.

eToro users can access over 2,000 stocks, cryptocurrencies, CFDs, commodities and copyPortfolios, as well as copy trading. eToro does not offer ISA or SIPP.

Note: Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.

Visit eToro to learn more.

How does eToro work?

Please note: as with all investments, your capital is at risk.


With eToro, you can gain access to a variety of trading opportunities, including:


eToro Stocks & ETFs - 0% commission

  • For traders from Europe, investing in stocks is commission-free on the eToro platform when investing in non-leveraged BUY stock positions.
  • eToro also absorbs Stamp Duty charge for clients where applicable, representing an additional saving of 0.5% in the UK and 1% in Ireland.
  • Other advantages of buying shares on eToro include unlimited trading volume, the ability to buy fractional shares, free access to TipRanks’ expert stock analysis and eToro’s notifications on volatility and market events.

Visit eToro to learn more about commission-free trading.


eToro CFDs

  • eToro’s CFD trading feature enables users to open SELL (short) positions, use leverage and buy fractional shares. For example, on eToro, you can invest as little as $100 in a stock that actually costs $500.
  • Zero commission does not apply to stock CFDs.

Visit eToro to learn more about CFDs.


eToro Crypto

  • eToro offers easy access to most of the major coins, and the ability to invest in crypto with a small amount of money.
  • In addition to popular cryptos like Bitcoin and Ethereum, users will find over 16 other leading cryptocurrencies along with a range of CryptoPortfolios, managed by eToro’s Investment Committee.
  • If you open long (BUY) crypto positions without leverage, eToro will purchase and hold the crypto on your behalf. Short (SELL) and leveraged on eToro are executed using CFDs.

Visit eToro to learn more about trading crypto.


eToro CopyPortfolios

  • eToro’s CopyPortfolio allows users to follow the financial activity of other top users and copy their investment choices in real-time. There are three CopyPortfolios to choose from:
  • Top Trader CopyPortfolios: Here, users can copy the trades of the best-performing traders on eToro, typically according to a predefined strategy.
  • Market CopyPortfolios: This allows users to choose from a combination of instruments bundled together according to a predefined theme.
  • Partner CopyPortfolios: These are portfolios created by eToro’s partners. Examples are Tipranks; a stock analyst software company, WeSave, a French robo advisor and Meitav Dash, a multibillion-dollar investment company.

Visit eToro to learn more about CopyPortfolios.

Other services and features

Social Trading

eToro boasts one of the largest social trading communities in the world, enabling over 15+ million users worldwide to share their thoughts, experiences and knowledge of trading and financial markets with one another.


CopyTrader

eToro’s most popular feature CopyTrader is excellent for beginners or those who simply don’t have time to watch the markets frequently. It allows users to automatically copy top-performing traders, with the option to fine-tune their needs by stopping or pausing the copy, or adding and removing funds at any time. Users can choose up to 100 traders to copy simultaneously.


eToro News Feed

eToro’s News Feed works as a personalised social network feed to keep traders connected. You can follow your favourite traders, financial events and interact with members of the eToro community.


Popular Investor Program

If you qualify for eToro’s Popular Investment Program, you can build your own investment business and receive up to 2% of Assets Under Management (AUM) when copied by users. To qualify, you must be a responsible trader with low-risk scores and a minimum investment track record.


eToro Demo Account

All registered eToro users receive a US$100,000 demo account for free, which gives you the chance to practice your investment strategies before investing real money. The account helps broaden your understanding of how the markets work, and gives you the opportunity to see how your investments would perform in real-time. This feature is great for beginners who may be reluctant to invest larger amounts right away. 


eToro Insights

To keep its users informed on the markets, eToro offers daily blog content and notifications about the current state of the markets.

Visit eToro to learn more.

How do I trade with eToro?

When you sign up with eToro, you’ll gain access to over 2,000 stocks, most major cryptocurrencies, CFDs, CopyPortfolios and copy trading. The process involves a quick and straightforward online form, followed by a short questionnaire to gauge your level of experience and to tailor the platform to your investment needs.


You’ll need to deposit a minimum amount of US$50 to get started with eToro. Once you make your first deposit, you can start investing in stocks, ETFs, crypto and other instruments.


You can also practice with eToro’s virtual demo account or copy other traders or investors based on their gain, success and risk scores.

What are eToro's charges?

Signing up with eToro and accessing a US$100,000 demo account is free, but a minimum deposit of US$50 is required to start investing. 


Here are the key eToro fees and charges:


Currency conversion (FX) fee: 0.5% on every deposit.


Withdrawal fee: US$5 for every withdrawal.


The minimum withdrawal amount is US$30. Long (BUY), non-leveraged stock and ETF positions are not executed as CFDs and do not incur commission (they do incur conversion and withdrawal fees).


Inactivity fee: US$10 every month after an inactivity period of a year.


Visit eToro’s website to learn more.

Is eToro expensive?

eToro users don’t pay any annual platform fees or trading fees. After depositing a minimum amount of US$50 to start trading with eToro, you can then choose how much you want to invest into the platform according to your spending preferences. Please note that withdrawals incur a fee of US$5, and FX rates apply to non USD deposits and withdrawals.

Is eToro good for beginners?

With a variety of unique instruments and trading tools on offer, along with knowledge from the eToro community, the platform is suitable for various users ranging from beginners to more experienced traders.

eToro's CopyPortfolios is a particularly good feature for beginners as it allows you to copy the investment choices of top users on the platform in real-time.

eToro’s low minimum deposits, investment variety and fractional shares make it a great choice for those just starting out in their investment journeys.

Is eToro safe?

With eToto, your money is protected by the Financial Services Compensation Scheme (FSCS) up to a maximum of £85,000.

This means you can get your money back if eToro were to go bust. Note that the FSCS does not cover losses arising from the performance of any of your investments.

Is eToro regulated by the FCA?

Yes, eToro is authorised and regulated by the Financial Conduct Authority (FCA). Have a look at their permissions on the FCA Register.

Does eToro have a referral scheme?

Yes. Earn up to US$500 when you invite your friends to trade stocks with eToro. For each successful referral, you’ll receive US$50.

Please note that you’ll need to have completed a first-time deposit of at least US$50 to your eToro account, and have opened one or more trades of at least US$100. Simply share your unique referral link, which can be accessed on your eToro account, to get started.

How do I open an account with eToro?

Visit eToro’s website here.

Stake - Access over 4,500 US stocks and ETFs, commission-free

Is Stake any good?

Stake is an Australian-born digital brokerage platform that has recently moved into the UK market. It allows you to invest in over 4,500 US stocks and ETFs, commission-free.


Stake believes that opportunity shouldn’t be determined by where you live. Its core mission is to provide the broadest and most direct access to the US stock market for those who live outside of the US, thus allowing you to invest in over 4,500 US stocks and ETFs, commission-free.  


It uses advanced technology to deliver a sophisticated and seamless service, offering a straightforward user experience for investing basics, along with some of its more sophisticated features. These include analyst ratings and the option to trade on unsettled funds as part of the Stake Black subscription package.  


At present, Stake is an app-only service for UK residents.


Click here to learn more about Stake.

How does Stake work?

To get started with Stake, you simply choose your preferred brokerage pack (Stake or Stake Black) and begin investing.

Here's a breakdown of how Stake works:


Commission Free Trading 

  • With Stake, you can trade the US market with zero brokerage fees. This includes market orders, limit orders, stop-loss orders and fractional shares.
  • FX fees are only limited to deposits and withdrawals at 0.5% (US$2 minimum), which means you also pay zero FX fees for every trade you make.


Advanced Order Types

  • When investing with Stake, you’ll have the option to choose from three different order types - Limit Orders consisting of Limit Buys and Limit Sells, Market Orders consisting of Market Buys and Sells, and Stop Orders.
  • You can choose your preferred order type based on your investment style and goals.


Real-Time US Market Data

  • With Steak, you’ll have access to a ‘Wall Street’ tab displaying live and real-time data sourced from the US exchanges.  Live data can be accessed by all Stake registered customers when the market is open.
  • View consolidated market data via the NBBO feed, which displays the best bid and offer across all US exchanges. This will allow you complete visibility of the market before making orders.

Visit Stake to learn more.

Other services and features

Fractional Shares

With Stake, you can buy and sell securities in fractional amounts using market and stop orders. When buying fractional shares, you can set the dollar amount you’d like to purchase, whereas selling involves setting the number of shares you’d like to sell. 

Fractional shares adhere to the NBBO rules of the US market, so you’ll get the best price in the market at the time. 

‍Track and Review Investments

Get complete visibility of trades, dividends, and more with Stake’s activity ticker. Monitor the recent trade and cash movements in your account, review each transaction in detail and get access to your trade confirmations.

With Stake, you can also download a series of reports for a full review of your investment activity. These include all financial transactions in your brokerage account, all orders, open positions and resting order, and monthly account statements for an overall view of your monthly investment activity.

How do I trade with Stake?

To get started with Stake, you simply choose your preferred brokerage pack (Stake or Stake Black) and begin investing. 


When you download the app and complete a short onboarding form, you can start transferring funds from your bank account through Stake’s secure Open Banking integration. 


When making a deposit, your money will be converted into US dollars, and all of your trading will be handled in US dollars. This means you won’t have to pay FX fees on any of your trades, but you will pay to convert it. Once you’ve added your funds, you can start investing.


Funding your account for the first time on Stake will get you free Stock of Nike, GoPro or Dropbox, but you’ll need to add your funds within 24 hours of it opening. Please note that there is a minimum fund amount of US$50 to get started.

What are Stake's charges?

It’s free to download the app and use Stake for its core features. Stake charges a 0.5% (US$2 minimum) FX fee on deposits and withdrawals. No FX fees are charged on trades.


There are two accounts to choose from:


Stake (free)

  • Access to all assets on the platform
  • Unlimited commission-free trades
  • Advance order types
  • Fractional trading


Stake Black (US$9/month)

  • Analyst ratings
  • Price targets
  • Full company financials
  • Trading on unsettled funds


Other Stake fees you should know about:

US trading fees: 

There may be a small number of US trading and administrative fees to pay when investing with Stake. You can read more about this on Stake’s website.


Currency exchange fee: 

Although you are not charged foreign exchange fees on your trades, you’ll incur a 0.5% foreign exchange fee when converting your money from USD to GBP.


Funding fees:

If you want to deposit money at a faster rate, you’ll pay a 0.5% express funding fee.

Is Stake expensive?

Stake’s basic service is free to use and offers access to all assets on the platform, along with unlimited commission-free trades, advanced order types and fractional trading.

Users can choose to upgrade to Stake Black for more sophisticated trading features such as analyst ratings and price targets, at a cost of US$9 per month.

It’s important to note that Stake has a minimum investment amount of US$50 for either of these accounts, and a 0.5% FX fee on deposits and withdrawals.

Is Stake good for beginners?

Stake's free service offers beginners a good starting place to navigate the stock market through investing essentials such as Limit, Market and Stop Orders, along with the option to buy fractional shares.

For the more advanced investor, Stake's premium service, 'Stake Black', allows for a range of additional features, including pricing targets, analyst ratings and access to pro-level data. You'll have the freedom to choose your preferred Stake package based on your own investing experience.

Is Stake safe?

Stake UK offers its customers Financial Services Compensation Scheme (FSCS) protection, which means that your assets are protected up to £85,000 per person. This means you can get your money back if Stake were to go bust.

Keep in mind that the FSCS does not cover losses arising from the performance of any of your investments.

Stake’s partnership with members of the US-led Securities Investor Protection Corporation (SIPC) also offers up to US$500,000 protection, US$250k of which are for investments, and a further US$250k for cash.

Is Stake regulated by the FCA?

Yes, Stake is authorised and regulated by the Financial Conduct Authority (FCA). Have a look at their permissions on the FCA Register.

Does Stake have a referral scheme?

Yes, Stakes offers a free stock to both new and existing customers who successfully refer new customers.

New customers must fund their account (£50 min funding value) within 24hrs of opening the account to receive a free stock worth up to US$150 in value.

How do I open an account with Stake?

Visit Stake’s website here.

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