neobankdb.com

Alternatives

Best eToro alternatives

eToro scores 7.4. These are live products this desk would open next — each with a full review, not a leftover affiliate tile.

7.4Solid

4.3 user score on eToro · compare licences below

eToroInteractive BrokersRevolutCoinbaseWahed
Editorial score7.48.68.67.57.3
HQTel Aviv / LondonGreenwichLondonSan FranciscoNew York
MonthlyNo monthly No inactivity on many accounts Free Free to hold AUM fee on portfolios (live rate on site)
ProtectionFSCS on eligible UK investment firm claims (limiSIPC up to $500k (US entity) · local schemes on FSCS up to £85,000 on UK bank balances; EMI safeNot FDIC on crypto. USD cash may sit at partner Securities accounts, not a bank deposit scheme —
Cardnonenonevisavisanone
Users35M+3.3M accounts50M+100M+300k+

Full alternatives

#1 alternative

Interactive Brokers

active

The grown-up global broker. Ugly site, serious plumbing.

4.5

Greenwich · 3.3M accounts · Public (IBKR)

8.6Strong

The broker column’s control. eToro is the social alternative; IBKR is the actual one.

Best for: Investors who will tolerate TWS for cost and market access.

Why it beats eToro

  • Cost
  • Markets
  • Entity strength

Watch-outs

  • UX is a rite of passage
  • Not a spending account
  • Margin is a weapon
Licence
Broker-dealer / FCM
Protection
SIPC up to $500k (US entity) · local schemes on other entities — not a bank
Monthly
No inactivity on many accounts · commissions on trades
Full Interactive Brokers reviewInteractive Brokers alternativesVisit Interactive Brokers

#2 alternative

Revolut

active

Global money app that finally became a UK bank.

4.7

London · 50M+ · $1.7B raised · ~$45B val.

8.6Strong

The default comparison set for a reason. Treat the UK bank product and the e-money wallet as different legal objects, then Revolut wins most travel and multi-currency briefs. It is not the quietest home for a salary if you want a full-licence high-street feel — that is still Starling or Monzo in the UK.

Best for: People who live in more than one currency and want one app for spend, FX, and extras.

Why it beats eToro

  • Best-in-class FX for travellers on paid plans
  • Product depth: bank, broker, crypto, cards, kids
  • UK bank licence closes the old EMI objection for eligible users

Watch-outs

  • Support quality does not match the feature list
  • Weekend FX and fair-usage ATM rules catch Standard users
  • Crypto and stock sleeves are not the bank
Licence
UK bank (eligible customers)
Protection
FSCS up to £85,000 on UK bank balances; EMI safeguarding on e-money wallets
Monthly
Free · Plus/Premium/Metal/Ultra paid
Full Revolut reviewRevolut alternativesVisit Revolut

#3 alternative

Coinbase

active

The public US crypto exchange with a retail app people keep.

4.4

San Francisco · 100M+ · Public (COIN)

7.5Solid

The conservative CEX pick in this register. Kraken for the same job with a different culture; Binance for depth with a different risk.

Best for: US and UK retail who want the most licensed large exchange, not the cheapest.

Why it beats eToro

  • Public company
  • US regulatory posture
  • App quality

Watch-outs

  • Retail spreads
  • Support / lockout lore
  • Not a bank
Licence
MSB + state money transmitter / trust
Protection
Not FDIC on crypto. USD cash may sit at partner banks with FDIC — confirm product.
Monthly
Free to hold · spread/fee on trade
Full Coinbase reviewCoinbase alternativesVisit Coinbase

#4 alternative

Wahed

active

Sharia-screened investing. Not a current account.

4.4

New York · 300k+ · Series-era

7.3Solid

Wahed is a screened robo, not a current account. Pair it with a real bank. Do not describe the cash sleeve as FSCS current-account money without reading the entity.

Best for: Muslims who want a screened portfolio without building one from a brokerage blank page.

Why it beats eToro

  • Sharia screening is the product
  • Multi-market entities
  • Simple onboarding

Watch-outs

  • Not a bank
  • Fees on AUM
  • Halal ≠ risk-free
Licence
Investment adviser / manager — confirm the local entity
Protection
Securities accounts, not a bank deposit scheme — SIPC/FSCS-class wrapping depends on entity
Monthly
AUM fee on portfolios (live rate on site)
Full Wahed reviewWahed alternativesVisit Wahed

#5 alternative

SoFi

active

Public US digital bank with investing, loans, and a debit card.

4.7

San Francisco · 10M+ · Public (SOFI)

7.7Solid

The US answer to ‘is this a real bank?’ is yes. Use SoFi for salary + savings + brokerage. Keep Wise for cross-border.

Best for: US customers who want a chartered digital bank plus a brokerage in one login.

Why it beats eToro

  • Actual national bank charter
  • APY on savings is the acquisition hook that still works
  • Investing and banking in one app

Watch-outs

  • Direct-deposit requirements on the headline APY
  • US-only
  • Product sprawl can feel like a mall
Licence
National bank charter (SoFi Bank, N.A.)
Protection
FDIC up to $250,000 at SoFi Bank, N.A. (plus additional via programme banks on some products)
Monthly
Free Checking & Savings
Full SoFi reviewSoFi alternativesVisit SoFi

Questions

Why look beyond eToro?+

eToro is scored 7.4. Weaknesses on this desk: Cost; Product literacy. Alternatives above are scored independently, not paid placements.

Are these eToro alternatives available in the same countries?+

Coverage is per product. Open the country desk and the individual review — a UK bank licence does not travel, and an EMI is not FSCS.

How do I compare them side by side?+

Use Compare on any card, up to four products, then open the compare desk.

Back to the eToro review