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eToro and Robinhood are two popular global investing platforms available to UK retail investors. They’re slightly different in their approach as eToro is a multi-asset platform and Robinhood is US stocks only (for now). However, there is some crossover, so we’re going to pit eToro vs Robinhood against each other in a head-to-head battle.
So, check out our breakdown of eToro vs Robinhood UK and hopefully this will help you pick who’s best, depending on what’s most important to you – whether that’s fees, investment choice, account types or anything else.
eToro vs Robinhood: At a glance
Finder score | ★★★★★ | ★★★★★ |
---|---|---|
Customer satisfaction survey | ★★★★★ | |
Fees score | ★★★★★ | ★★★★★ |
Stocks and shares ISA available? | ||
FSCS protected? | ||
Go to site More Info | More Info |
eToro and Robinhood are pretty neck and neck when it comes to their Finder score, with eToro scoring a solid 4.3 out of 5, and Robinhood scoring a slightly lower 4.2 out of 5.
Neither platform offers a stocks and shares ISA (eToro does offer one via Moneyfarm, but it’s not in-house). For the most part, eToro comes with full Financial Services Compensation Scheme (FSCS) protection of up to £85,000 – except if you’re using its GBP eToro money account. Unfortunately, Robinhood doesn’t yet come with FSCS protection, but assets and funds are insured by a similar US protection scheme (that actually provides a higher level of coverage).
eToro scored pretty well in the most recent Finder Investing Customer Satisfaction Awards 2024 results, but the Robinhood platform wasn’t yet available to UK investors at the time of our last survey.
The platforms also go slightly different ways with their fees score. When you look at eToro fees vs Robinhood fees – eToro has a score of 4.3 out of 5, whereas Robinhood has a higher 5 out of 5 for fees.
Round 1: Products
General investment account | ||
---|---|---|
Stocks and shares ISA | ||
Lifetime ISA (LISA) | ||
Pension (SIPP) | ||
Junior ISA (JISA)/Junior SIPP (JSIPP) | ||
Interest on cash balances | ||
Keep in mind | Capital at risk. 51% of retail CFD accounts lose money | Capital at risk |
Go to site More Info | More Info |
Sadly neither of these platforms offers much in the way of account types and options for UK investors.
The lack of tax-efficient accounts for UK investors is definitely a blemish. However, both platforms do pay interest on cash balances.
Winner: Tie
Round 2: Investment choice
Investment choice score | ★★★★★ | ★★★★★ |
---|---|---|
Available markets | 19 | 1+ |
Number of investments | 6,000+ | 6,000+ |
Number of ETFs/funds | 300 | |
Fractional shares | ||
Min. initial deposit | $100 | £0 |
Min. investment | $10 | £1 |
Keep in mind | Capital at risk. 51% of retail CFD accounts lose money | Capital at risk |
Go to site More Info | More Info |
This is an easy win for eToro. Robinhood UK offers a wide range of US stocks, but it’s limited to that one market and a single asset type.
eToro offers a range of assets across a number of global markets, including popular options like exchange-traded funds (ETFs). Both offer the option to invest with fractional shares and it is good to see Robinhood has a low barrier to entry, being able to invest from just £1.
Winner: eToro
Round 3: Fees
Fees score | ★★★★★ | ★★★★★ |
---|---|---|
Platform fees | £0 | £0 |
US shares | £0 | £0 |
UK shares | £0 | N/A |
International shares | £0 | N/A |
Funds/ETFs | £0 | N/A |
Foreign exchange fee | 0.75% | 0% |
Regular investing | No | No |
Withdrawal fee | $5 | £0 |
Deposit fee | £0 | £0 |
Inactivity fee | $10 per month | £0 |
Keep in mind | Capital at risk. 51% of retail CFD accounts lose money | Capital at risk |
Go to site More Info | More Info |
Robinhood offers an extremely cheap investing experience with basically no fees, it doesn’t even charge an FX fee.
eToro is also an extremely cheap platform and it only misses out because Robinhood is so strong in this category. Unfortunately, eToro has a $5 withdrawal fee, a 0.75% FX fee, and an inactivity fee.
Winner: Robinhood
Round 4: Ease of use
Ease of use score | ★★★★★ | ★★★★★ |
---|---|---|
Apple iOS rating | 3.8/5 | 2.8/5 |
Google Play rating | 3.7/5 | 4.8/5 |
Ways to contact customer service | Live chat, email and community forum | In app and phone |
UI/UX | Good | Good |
Desktop or web access | ||
Mobile app | ||
Keep in mind | Capital at risk. 51% of retail CFD accounts lose money | Capital at risk |
Go to site More Info | More Info |
Both platforms offer a pretty similar investing experience. We think both platforms are dead easy to use and navigate. You can invest on the desktop or using the apps.
Winner: Tie
Round 5: Tools, resources and features
Tools, resources and features | ★★★★★ | ★★★★★ |
---|---|---|
Analysis features | ||
Tools for investing/trading | ||
Social features | ||
Learning resources | ||
Additional features | ||
Keep in mind | Capital at risk. 51% of retail CFD accounts lose money | Capital at risk |
Go to site More Info | More Info |
Considering there’s no platform fee to use eToro or Robinhood, both offer plenty of tools and investing resources.
However, eToro takes the win here with its excellent social elements, including the CopyTrader and News Feed features.
Winner: eToro
Overall winner: Is eToro better than Robinhood?
Although Robinhood is an extremely cheap platform with plenty to offer UK investors, eToro has a more diverse platform with more features and tools.
Hopefully Robinhood can close the gap as it continues to grow, but as it stands currently, eToro is great value and provides plenty for both beginners and more experienced investors.
Winner: eToro
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