eToro is a better choice for investors seeking a wide variety of investment options, social trading features, and lower minimum deposit. Charles Schwab Intelligent Portfolios is more suitable for investors looking for automated ETF-based portfolios, 24/7 customer support, and tax-loss harvesting capabilities, especially with higher investment amounts.
| Attribute | eToro | Charles Schwab Intelligent Portfolios |
|---|---|---|
| Minimum deposit requirement | The minimum deposit is $100. For Smart Portfolios, the minimum deposit is $500. For recurring investments, the minimum investment to get started is $25. | Schwab Intelligent Portfolios: $5,000, Schwab Intelligent Portfolios Premium: $25,000 |
| Available investment options (stocks, ETFs, crypto) | eToro offers a multi-asset platform with access to over 6,000 financial assets, including Stocks, ETFs, Cryptoassets, CFDs, Options, Currencies, and Commodities. | Invests in low-cost ETFs, around 50 ETFs considered across stocks, fixed income, and commodities, exposure to over 20 asset classes. Does not offer individual stock trading or cryptocurrency investing. |
| Platform fees and commission structure | eToro generally offers zero-commission stock trading. However, a commission fee of $1 or $2 may apply when opening and closing a stock position, depending on your country of residence and the stock exchange on which the asset is traded. For clients from Australia, Denmark, Finland, Netherlands, Norway, Spain, and Sweden, a commission fee of $1-2 per trade is charged for stocks. A 1% fee applies to cryptocurrency trades on both entry and exit. Withdrawal fee: $5. Inactivity fee: $10 per month after one year of inactivity. Currency conversion fee: May apply depending on your location, payment method, and club membership tier. A 0.5% currency conversion markup may also apply. Overnight fees apply to CFD positions. | No advisory fees or commissions for Schwab Intelligent Portfolios. Schwab Intelligent Portfolios Premium has a one-time planning fee of $300 and a $30 monthly advisory fee. Clients pay ETF operating expenses. |
| Availability of fractional shares | Yes, eToro offers fractional shares. | Doesn't support purchasing fractional shares of ETFs within its managed portfolios. Schwab Stock Slices allows investing in fractional shares of stocks (specifically, slices of S&P 500 companies) for as little as $5, but this is a separate service. |
| Automated portfolio management features | eToro Smart Portfolios are a thematic investment product designed to manage portfolios of various asset classes, monitored by machine-learning algorithms and experts. | Builds, monitors, and automatically rebalances portfolios. Monitors portfolios daily and rebalances as needed to maintain the client's selected risk profile. |
| Social trading or copy trading features | eToro is known for its social trading features like CopyTrader, which allows users to replicate the strategies of top-performing traders. | No social trading or copy trading features. |
| Educational resources and tools | eToro provides extensive educational resources, including eToro Trading Academy, Video tutorials, Webinars, Live events, Market analysis tools, Demo account with $100,000 in virtual funds, and Podcasts. | Schwab provides access to Insights & Ideas educational content, Learning Center, Schwab Plan (free digital financial plan), and online planning tools (Premium). |
| Mobile app availability and user rating | eToro has a popular mobile app with a user-friendly interface. | Schwab has a mobile app with the same functionality as the desktop experience. Some users have noted differences in profile updates compared to the desktop login. |
| Customer support channels and responsiveness | eToro offers customer service via a web-based ticketing system. Live chat is available for Club members. Response times can vary, with some users reporting delays. Email: support@etoro.com Phone: 1-888-271-8365 | 24/7 access to Schwab investment professionals via phone, 24/7 online chat, in-person consultations at Charles Schwab branch offices. Schwab Intelligent Portfolios Premium clients get access to a team of CFPs. |
| Account security measures and insurance | eToro is regulated by FCA, CySEC, and ASIC. Employs SSL encryption and two-factor authentication (2FA). Client funds are kept in segregated accounts. Uses cold storage for most crypto assets. | SIPC insured up to $500,000. FDIC insurance up to $250,000 for the cash allocation portion. Data protected with strong encryption, biometric entry, and two-factor authentication. |
| Tax-loss harvesting capabilities | Tax-loss harvesting capabilities information was not found in the search results. | Available for clients with invested assets of $50,000 or more in their taxable accounts. Clients must enroll to receive this service. |
| Portfolio rebalancing frequency | eToro's InvestorAI-US portfolio is reshuffled at the end of each month to meet specific criteria. | Monitors portfolios daily and automatically rebalances as needed to keep the portfolio consistent with the client's selected risk profile. Rebalancing occurs approximately every 90 days. |