Uphold vs. eToro: Side-by-Side Comparison
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If you have been wondering just which platform to go with — Uphold vs eToro to improve your trading game, then today, we’ll help you come to a conclusion that suits your unique financial needs and trading style the best.
Ideally, the best platform is the one that charges low fees so that you can take most of your profits home while providing a wide range of assets to capitalize on different market opportunities, tools to become better, ease-of-use to make the whole experience smooth, safety to protect your funds, and of course, quick and quality support in need.
So, today, we’ll compare the two prominent platforms to determine just which one is the way to go!
Platform Overview
First, let’s see what exactly these two exchanges represent:
What Is Uphold?
Uphold is a multi-asset platform for crypto, FX, and commodities. Founded about a decade ago, Uphold is a multi-asset trading platform that serves 184+ countries around the world.
With a selection of 250+ currencies covering both crypto and national currencies along with commodities, Uphold enables frictionless foreign exchange for its users. More importantly, this exchange offers a unique ‘Anything-to-Anything’ trading experience that allows users to trade directly between any asset class.
What Is eToro?
eToro is a social trading platform focused on crypto, stocks, and CFDs. Founded in 2007, eToro offers users worldwide the ability to invest in thousands of financial instruments that can be traded with and without leverage for a diverse and accessible investment experience.
In addition to smart portfolios that offer a simple way of investing, eToro offers a large community of traders and investors to connect, share insights, and learn from.
Uphold vs. eToro: Features Comparison
Now, let’s deep dive into how these platforms compare against each other across key points.
Supported cryptos & other assets
At Uphold, you can trade precious metals like gold, silver, platinum, and palladium and more than 25 national currencies, including USD, EUR, SEK, CHF, SGD, PLN, NZD, and MXN. There’s also the option to trade the world’s first tradable carbon credit token, UPCO2 and Bitcoin Zero, with more to be listed in the future.
Unlike Uphold, on eToro, you can also trade stocks covering everything from tech, software, retail, finance, and medical tech categories, in addition to the top 18 indexes, over 40 commodities, 55 fiat currencies, and more than 700 ETFs.
Now, when it comes to crypto, Uphold boasts access to over 270 cryptocurrencies. This includes majors like BTC, ETH, SOL, and XRP; hot meme coins like DOGE, SHIB, PEPE, PNUT, and GOAT; DeFi coins such as LINK, UNI, and AAVE; and AI tokens like TAO and FET, among others.
eToro, on the other hand, has just over 100 crypto assets available for you to trade. While a smaller collection, you can still find some of the prominent names like BTC, ETH, XRP, SOL, DOGE, SEI, SUI, INJ, TIA, and TON. Also, there’s a new NFT explorer called Delta that will engage in the trend.
Fees, costs, and limits
Uphold offers a transparent pricing structure, which means you won’t be hit with hidden fees. And while there’s no commission, much like with eToro, you pay through spread fees.
On Uphold, the lowest 0.25% fee is for most stablecoins and major FX markets, while trading altcoins and precious metals will cost you between 1.9% – 2.95%. Interestingly, you can save on fees by trading BTC and ETH, which only have a spread fee of 1.4% – 1.6%.
On evaluating Uphold fees vs eToro, we found that making small trades below $500 involves a $0.99 charge, which isn’t applicable to transactions made with Uphold’s very own debit card.
Now, on eToro, trading ETFs is completely free, but stocks involve a commission fee of $1 or $2. When buying or selling crypto, eToro charges a transaction fee of 1%, while a 2% fee applies to transferring your crypto to the eToro Money crypto wallet.
For those comparing Uphold vs eToro fees, eToro also charges a flat $5 fee for USD withdrawals, and there’s a minimum amount of $30. This isn’t all; if you do not log in to your eToro account for a year, you will start incurring a $10 monthly inactivity fee.
| Category | Uphold | eToro |
| Minimum Deposit | $0 | $10 |
| Pricing Structure | Spread-based pricing | Spread-based pricing |
| Deposit Fees | Free for crypto & bank transfer, 3.99% for debit/credit cards | None |
| Withdrawal Fees | Network fee applies to crypto, 3.99% for debit/credit cards | $5 flat fees |
| Trading Fees | 0.5%-2.95% depending on asset | Varies by asset; starts at 1% for crypto |
| Deposit Methods | Bank transfers, debit/credit cards, & crypto | Bank transfer, debit/credit cards, PayPal, & e-wallets |
| Withdrawal Methods | Bank transfer & crypto withdrawals | Bank transfer, PayPal, e-wallets |
| Limits | Depends on account verification level | Depends on account verification level |
Ease of use (mobile, desktop)
The beginner-friendly Uphold comes with an intuitive UI that makes it extremely easy to find what you are looking for. In just a matter of minutes, you can get started with Uphold and access all of its features that are available on both desktop and mobile. You can actually swap between any of the supported assets on Uphold in just one step, making it a quick and effortless experience for users.
When comparing eToro vs Uphold, eToro is pretty easy to navigate, offering a similar experience across the board, whether you are using it on a desktop or your mobile device. Also, you can find most of what you need on the main menu, making features available within just a couple of clicks far away though you have to visit every market separately to make use of it.
Security
Now, to protect user accounts and funds, both platforms utilize advanced security measures. On eToro, this includes 2FA for your account and FDIC insurance for USD holdings. The insurance coverage does not cover crypto.
Uphold’s security measures are more sophisticated than eToro, employing high-level encryption, routine security audits, system testing, third-party due diligence checks, mandatory privacy training, and 24/7 monitoring. A bug bounty program further ensures the platform remains free from vulnerabilities. Additionally, its SOC 2 Type 2 and ISO 27001 certifications guarantee robust data protection.
That’s not all. Along with email verification and 2FA, Uphold maintains a 100% transparent reserve status, ensuring your crypto is truly secure.
Regulation
Both platforms are regulated in multiple jurisdictions. Uphold is a FinCEN Registered Money Services Business (MSB) in the US, FCA regulated in the UK, and registered with FINTRAC in Canada and FNTT in Europe.
eToro has secured a license from the SEC in the US, FCA in the UK, and ASIC in Australia. This demonstrates that both eToro and Uphold comply with global regulations and have measures in place to protect investors.
Additional features
In addition to cross-asset trading, Uphold offers its own crypto-enabled debit card, allowing you to spend fiat and crypto directly from your wallet. There are no setup, annual, or foreign transaction fees, and FX rates are relatively low. Accepted by over 50 million merchants worldwide, the Uphold debit card enables real-time tracking and ATM withdrawals.
Uphold also provides a self-custodial Web3 wallet, enabling users to manage and store crypto and NFTs, make seamless crypto purchases, and access DeFi trading venues.
eToro, on the other hand, offers a demo account with $100k in virtual funds, ready-made diversified portfolios, staking for limited crypto assets, and margin trading, which amplifies your potential profits (and losses). Trading with leverage on eToro is done via CFDs.
A prominent feature offered by eToro is copy trading, which allows copying the trades of other successful traders for no additional fees but requires a minimum amount of $200. The platform also offers a large community of traders and investors to connect with, share ideas, and learn from experienced professionals.
Upwork vs. eToro: Which One Is Best for You?
If you’re a crypto lover and want a good selection of altcoins, Uphold is the platform for you, offering broad cryptocurrency coverage that enables trading of leading and profitable narratives like meme coins and AI tokens.
When deciding between Uphold or eToro, eToro is ideal for those particularly interested in copy trading and community engagement. If you want to trade with leverage, you’ll enjoy eToro. But if you prefer simplicity or top-notch security, Uphold is a better choice.
Conclusion
eToro and Uphold have a lot to offer investors, including their diverse offerings of precious metals, fiat currencies, and crypto. You can even build your portfolio with stocks and carbon credits while taking advantage of social trading and cross-asset trading.
For those wondering is Uphold better than eToro, both multi-asset platforms come with unique features, competitive fees, seamless trading, and user-friendliness. It all depends on your specific needs and investing style to decide which platform to use for your trading journey!
Visit eToroFAQs
How do the mobile app features of Uphold and eToro compare?
Which platform offers better customer support: Uphold or eToro?
How do the educational resources of Uphold and eToro differ?
References
- Financial Transparency Report (Uphold)
- Deposit Insurance (FDIC)
- eToro Fees (eToro)
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