eToro VS Raiz

Compare eToro VS Raiz and see what are their differences

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TradingJournal is a modern trade tracking app that helps traders understand their performance, reduce emotional mistakes, and optimize strategies. With risk analysis, pattern detection, and visual insights. Free and ad-free. featured

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eToro

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

Raiz

Invest spare change automatically from everyday purchases into a diversified portfolio.

Landing page //
2018-11-11

Landing page //
2023-10-20

eToro

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

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Raiz

Website: raizinvest.com.au

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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.

Raiz features and specs

Automatic Investing
Raiz offers an automatic investment feature where spare change from everyday purchases is rounded up and invested, making it easy for users to save and invest without hassle.
Easy to Use
The platform is user-friendly and designed for beginners, providing a simple way to start investing without requiring extensive investment knowledge.
Portfolio Diversification
Raiz offers diversified portfolios comprised of ETFs, giving users exposure to a wide range of asset classes and markets.
Accessibility
With a low initial investment requirement, Raiz makes it accessible for individuals to start investing with small amounts of money.
Educational Resources
The platform provides educational content and resources to help users learn more about investing and personal finance.

Possible disadvantages of Raiz

Fees
Raiz charges a monthly fee which can be relatively high for small account balances, potentially impacting returns for smaller investors.
Limited Control
Users have limited control over the specific investments in their portfolios since investments are made into pre-defined portfolio options.
Market Risk
Investments through Raiz are subject to market risks, and there is no guarantee of returns, which can be a concern for risk-averse individuals.
Withdrawal Delays
Some users may experience delays when withdrawing funds from their Raiz accounts, which can be inconvenient for those needing quick access to their money.
Limited Investment Options
While offering diversified portfolios, Raiz has a limited selection of investment options compared to some other investment platforms.

Analysis of eToro

Overall verdict

eToro is a good option for those interested in a combination of self-directed trading and social trading. It caters to both beginners and experienced traders due to its intuitive design and diverse range of assets. However, users should be aware of the fees associated with withdrawals and specific trades, and some advanced traders might find the analytical tools limited.

Why this product is good

eToro is popular due to its user-friendly platform, which allows for social trading where users can follow and copy the trades of experienced investors. It offers a wide range of financial instruments including stocks, cryptocurrencies, and ETFs, making it versatile for different types of investors. The platform is also regulated in several jurisdictions, providing a level of trust and security to users.

Recommended for

Beginner investors looking to learn through social trading, intermediate traders interested in a diverse portfolio, and those curious about trading cryptocurrencies and stocks with a straightforward, easy-to-navigate platform.

eToro videos

+ Add

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

Raiz videos

+ Add

Raiz Invest hands-on review | Micro-investing apps Australia

Category Popularity

0-100% (relative to eToro and Raiz)

eToro

Raiz

Finance

97 97%

Finance

3% 3

Investing

93 93%

Investing

7% 7

Automated Investment

0 0%

Automated Investment

100% 100

Trading

100 100%

Trading

0% 0

User comments

Share your experience with using eToro and Raiz. 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 Raiz

eToro Reviews

eToro vs DEGIRO vs Curvo

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

Raiz Reviews

Compare Clover vs. Raiz

🍀 Clover Raiz Services provided Personal investment plan Socially responsible option Clover has a Socially Responsible option for all the portfolios we offer. Raiz offers a single socially responsible investment option. Investments held in your name Same-day trade verification Goal tracking & reminders Annual personal investment review Transparent fees Requires access to...

Source: www.clover.com.au

5 Australian Investment Apps You Should Know About

One of the leading platforms in automated investment is Raiz, which was formerly known as Acorns before rebranding in April 2018. Raiz is a micro-investing app that automatically invests your spare change into a diversified portfolio of exchange-traded funds (ETFs), making it easy for even the most casual investor to try to grow their wealth.

Source: www.canstar.com.au

Robo-Advisers Australia - Raiz vs Stockspot Vs The Rest

We haven’t mentioned Raiz as a robo-advice company because they miss a key component – the advice. While they have similar investment options and do the re-balancing they won’t tell you where to invest your money but rather you have to choose. One of the advantages of Raiz is they do cater for smaller investment amounts – but be warned; the further your balance slides below...

Source: www.plenty.com.au

Social recommendations and mentions

Based on our record, eToro should be more popular than Raiz. 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: about 3 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: over 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: over 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: over 3 years ago
A Crypto exchange like M1 Finance for stocks?
Maybe something like https://etoro.com. Source: over 3 years ago

Raiz mentions (5)

People who are 40+, what is your advice to people in their 20s?
Download an app like raiz. I know it has a US version as I use to use it but cant remember the name. Basically it rounds every transaction you make up to the $1. It puts those few cents into an investment portfolio. Also add $10 or $20 a week if u can. This is child like investment but what it does is force you to put money aside that otherwise you would spend on beer and steam games. Use it as long or short term... Source: almost 3 years ago
Where should an absolute beginner go to start investing?
Hey mate! Take a look at Raiz (find link in comment) They have some free courses on their site, really insightful stuff! Raiz Website. Source: over 3 years ago
Couldnt find the Raiz Australia apps to install
You can follow the app link on https://raizinvest.com.au to take you to the play store. It’s weird it’s not coming up in search. Source: over 3 years ago
Complete noob to investing pls help
You could also look at something like Raiz. Source: almost 4 years ago
Can "Putting all the money in a superannuation and forget it" be a good strategy for a financially illiterate person?
A simple way is to look at https://raizinvest.com.au/ or an even better option would be to option sign up to selfwealth.com.au broking platform and invest in VDHG https://www.vanguard.com.au/personal/products/en/detail/8221/Overview. Source: about 4 years ago

What are some alternatives?

When comparing eToro and Raiz, you can also consider the following products

TradingView - The best charting tool for crypto and stocks

Coinflash - Automatically invest your spare change into cryptocurrency.

MetaTrader5 - World-leading multi-asset platform that allows trading Forex, Stocks, Futures and CFDs.

QuietGrowth - QuietGrowth is a digital investment management service or robo advisor. It manages the investments of clients to achieve risk-optimised returns over the long term.

Robinhood - Free stock trading service.

Stockspot - Australia's largest digital investment adviser. We help you build and manage a personalised portfolio tailored to your financial situation and goals. It's professional investment advice without the high costs of seeing a human adviser.