Overview
|
|
||
|
Year of established |
2007 |
2012 |
|
No. of years |
15 |
10 |
|
Register’s Customer |
over 20,000,000 |
Approximately 73,000,000 |
|
Social Trading |
Yes |
No |
|
Copy Trading |
Yes |
No |
Both the platforms have millions of customers worldwide with a good reputation that make them stand in to the financial market at least 10 years is very good indication of being legitimate broker. Which is coinbase now is almost 10 years while eToro is being 15 years
Tradable and investment Assets
|
Assets |
eToro |
Coinbase |
|
Stocks |
Yes |
No |
|
ETFs |
Yes |
No |
|
Crypto |
Yes |
Yes |
|
indices |
Yes |
No |
|
Forex |
Yes |
No |
|
Commodities |
Yes |
No |
The eToro platform have more digital assets to trade than coinbase, which include stocks, ETFs, indices, commodities, forex and cryptocurrency in addition to that eToro have fractional share. While the coinbase is only cryptocurrencies exchange.
Commissions and Fees
|
Items |
eToro |
|
|
Open Account |
Free |
Free |
|
Platform fees |
Free |
1.49% Standard Commission |
|
Inactivity fee |
$10/month after 12 months |
|
|
Deposit fee |
0.5% on non-USD deposits |
3.99% Coinbae fees on debit card purchases |
|
Withdrawal fee |
$5 |
2% on Debit card, Free on bank transfer |
|
Stamp Duty |
Free |
|
|
Spread |
0.2% for trading stocks & 0.75-5% for trading crypto |
2% |
|
Trading Fees |
Free for all digital assets |
1.49% per slide. |
Payments Method
|
Payments |
eToro |
Coinbase |
|
Bank transfer |
Yes |
Yes |
|
Debit card |
Yes |
Yes |
|
Cryptocurrencies |
No |
Yes |
|
e-wallet |
Yes |
No |
|
Paypal |
Yes |
No |
Account Types and Minimum Deposits
The eToro offer three types of account for their user which include standard account, specialized account, and the corporate account.
Standard accout: this is a default account etoro offer for anybody who register on their platform and the minimum amount to invest in etoro is $50 and $10 minimum amount for trading and $200 to use etoro copy trade.
Specialized account: this type of account is design specify for those who need such an accounts like a Muslim peoples who try to avoid haram and looking for halal. To open a specialized account you just need to contact eToro to get this opened for you. The minimum deposition for specialized account is $1000.
Corporate account: eToro allow you to open corporate account with a minimum deposition of $10,000
While there is no stated minimum deposit amount on the Coinbase website. This is great for those that wish to buy a small amount of cryptocurrency. However, it is important to be aware of the commission payable when buying or selling small quantities of digital currency - as you will revert to a flat fee system.
Safety and Regulation
The eToro platform is safe and secure, the company is almost 15 years in the financial business with a good reputation worldwide. The company was regulated by the three financial regulator.
- UK Financial Conduct Authority (FCA)
- Australian Securities and Investments Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
In addition to that for US-based traders, eToro is also registered with the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).
You don’t need to worry about losing your investment eToro have been fully regulated with strong financial regulatory bodies standing to ensures that your capital is protected at all times.
While, Coinbase has an e-money license from the FCA, cryptocurrencies are not covered by the Financial Services Compensation Scheme (FSCS).
As such, if the unlikely happened and Coinbase went bust, you wouldn't benefit from the usual investor protections that the FSCS offers. This isn't the case with just Coinbase but all cryptocurrency brokers.
>>Check eToro>> >>Check Coinbase>>
RISK DISCLAIMERS
This website includes information about cryptocurrencies, (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. knowaboutcryptocurrency.blogspot.com encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. All contents on this site is for educational, and informational purposes only and does not constitute any financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. Knowaboutcryptocurrency.blogspot.com may receive compensation from the brands or services mentioned on this website at no additional cost to you.
Risk Warning: Trading CFDs on leverage involves significant risk of loss to your capital.
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