eToro VS Gotrade

Compare eToro VS Gotrade and see what are their differences

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eToro

The social investment network that connects traders from around the globe and enables them to share...

Gotrade

Fractional US stock investing for anyone in the world

Landing page //
2018-11-11

Landing page //
2023-08-30

eToro

Website: etoro.com
Release Date: -
Startup details
Country: United Kingdom
City: London
Employees: 500 - 999

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Gotrade

Website: heygotrade.com
Release Date: 2019 January
Startup details
Country: Singapore
State: Central Region
City: Singapore
Founder(s): David Alan Grant
Employees: 10 - 19

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eToro features and specs

User-Friendly Interface
eToro offers a highly intuitive and easy-to-use platform that appeals to both novice and experienced traders.
CopyTrader Feature
Allows users to copy the trades of successful traders, benefiting from their expertise and potentially improving their own trading outcomes.
Wide Range of Assets
eToro provides access to a broad spectrum of assets, including stocks, cryptocurrencies, forex, and commodities, enabling portfolio diversification.
Social Trading Community
Encourages interaction among users, where they can discuss strategies, share insights, and learn from each other.
Commission-Free Trading
Offers commission-free trading on stocks and ETFs, making it cost-effective for long-term investors.
Regulated and Secure
eToro is regulated by multiple financial authorities, providing a level of trust and security for users.

Possible disadvantages of eToro

High Fees for Non-Trading Activities
eToro charges relatively high fees for withdrawals and inactivity, which can eat into profits for less active users.
Forex and CFD Fees
Higher spreads and fees on forex and CFD trades compared to some other specialized brokers.
Withdrawal Processing Time
Withdrawals can take several days to process, which might be slow for users needing faster access to their funds.
Limited Research Tools
eToro's research and analysis tools are less comprehensive than those offered by other platforms, which may limit more advanced traders' needs.
U.S. Restrictions
Certain features and assets are not available to U.S. residents, limiting the platform's utility for American users.
Crypto-to-Crypto Trading Limitations
eToro offers limited options for trading cryptocurrencies directly against each other, which may not meet the needs of dedicated crypto traders.

Gotrade features and specs

Fractional Shares
Gotrade allows users to buy fractional shares of U.S. stocks, making it accessible for investors with limited capital to invest in high-priced stocks.
Commission-Free Trading
Users can trade U.S. stocks without paying commissions, which helps in reducing costs and potentially increasing investment returns over time.
Simple User Interface
The platform offers an easy-to-use, intuitive interface which appeals to beginner investors seeking to navigate the stock market with ease.
Global Accessibility
Gotrade provides access to U.S. markets for international users, extending investment opportunities beyond geographical boundaries.
Educational Resources
Gotrade offers educational materials to help users understand stock trading, promoting informed investing choices.

Possible disadvantages of Gotrade

Limited Market Access
The platform currently only allows trading of U.S. stocks, which may not be sufficient for investors seeking broader international diversification.
No Advanced Trading Features
Gotrade lacks advanced trading tools and features that experienced traders might look for in a trading platform.
Mobile-Only Platform
Gotrade is primarily a mobile app, which could be limiting for users preferring desktop platforms for a more comprehensive trading experience.
Funding Restrictions
Users might face limitations in terms of funding their accounts, depending on their local banking systems and regulations.
Currency Conversion Fees
International users may incur currency conversion fees when depositing or withdrawing funds, adding to the overall cost of using the platform.

eToro videos

+ Add

eToro Review 2020 - Pros and Cons Uncovered - the diary of a trader

Gotrade videos

+ Add

GoTrade Review Tutorial: GoTrade Sign up and Get FREE $6 | How to buy US stocks for as low as $1

Category Popularity

0-100% (relative to eToro and Gotrade)

Gotrade

Finance

95 95%

Finance

5% 5

Investing

94 94%

Investing

6% 6

Fintech

78 78%

Fintech

22% 22

Trading

100 100%

Trading

0% 0

User comments

Share your experience with using eToro and Gotrade. For example, how are they different and which one is better?

Reviews

These are some of the external sources and on-site user reviews we've used to compare eToro and Gotrade

In this article we highlighted the key differences between eToro and DEGIRO, two foreign brokers accessible to Europeans. Due to the fact that eToro has a limited number of ETFs and trades solely in US dollars with hidden fees, it's not a brokerage platform we can recommend. DEGIRO is more cost-effective than eToro if you invest in ETFs from their core selection of free...

Source: curvo.eu

Best Crypto Exchanges in Europe in 2022 (Ranked and Reviewed)

If you are a client of eToro Europe, you can withdraw some of the cryptocurrencies from the platform to the eToro money crypto wallet and transfer them somewhere else if you wish.

Source: investingintheweb.com

8 Best Business Brokerage Accounts – Corporate Trading and Investing

eToro An online Broker with +25 million users worldwide. To open a eToro business account, you will have to directly contact customer service and deposit a minimum of $10,000. Read more about eToro business accounts. Charles Schwab

Source: investingintheweb.com

6 Best Coinbase Alternatives for 2022

eToro offers crypto trading in more than 140 countries, yet its full range of supported cryptos appears limited. Check out our in-depth eToro review. It’s regulated by the UK’s FCA, ASIC, CySEC, and FINRA. Disclaimer: 78% of retail CFD accounts lose money.

Source: investingintheweb.com

6 Best Commission-Free Brokers in Europe for 2022

Founded in 2006, eToro is a well-known worldwide fintech startup and the leader in the social trading field (follow other people’s trades), with over 20 million users worldwide. You can also invest in other products such as CFDs, ETFs, stocks, commodities, Forex, and cryptocurrencies through their platform, which is intuitive and simple to use, making it a good choice for...

Source: investingintheweb.com

Gotrade Reviews

We have no reviews of Gotrade yet.
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Social recommendations and mentions

Based on our record, eToro should be more popular than Gotrade. It has been mentiond 15 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

eToro mentions (15)

Warning on Gemini Exchange!
This morning I completed the signup process for etoro.com and the site even accepted my Dom. Rep. Plhone number for 2FA. Then, in looking around at the site, I found the warning that the service is not available to U.S. Citizens who are not residing in the U.S. Maybe I could have used the site and be in violation. But that's exactly what I want to avoid, having a problem and needing support, and then being told... Source: over 2 years ago
Etoro
It's a legit trading service. I've been using it for investments myself. Are you sure you're using the real etoro site? It's etoro.com. Source: about 3 years ago
Time to buy, you can get 1 million shiba for about $37
Use Webull.com or etoro.com. Both are free trading. Source: about 3 years ago
ETORO referral program! +$50 offer ($100 required) (referral code required!) 18+
Use my refer link (first 10) : https://etoro.tw/3lFOOJu . Or a friends , this one doesn't work without a referral link! , unreferral link : etoro.com, (this will not give $50). Source: about 3 years ago
A Crypto exchange like M1 Finance for stocks?
Maybe something like https://etoro.com. Source: about 3 years ago

Gotrade mentions (4)

Gotrade free 2$ in stock + 1-100$ stock after depositing 1£
BONUS: Deposit atleast 1£ to get a reward from 1£ to 100£ Https://heygotrade.com/referral?code=436080 Non ref: https://heygotrade.com/. Source: over 2 years ago
How can I start over?
Sakin kasi, my first investment was through gcash / ginvest, technology feeder fund. In 2 months I gained 4k. Then hinugot ko na yung pera when I learned na mataas pala ang trust fees sa ATRAM. that's when I discovered heygotrade.com dito sa reddit when I was asking for advise. I transferred my investments sa s&p 500. Source: about 3 years ago
Anyone using Gotrade to invest?
I stumbled upon Gotrade and decided to download and try. it's licensed under Labuan Financial Services. Anyone here have any experience whether this platform is good? Source: over 3 years ago
Broker for Dividend Stocks
If you're looking for another broker that pays dividends, check out Gotrade. Source: over 3 years ago