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Empower vs eToro

Empower is a free advanced tools plus hybrid advisory service for people with over $100k in investments. How does it compare to eToro? Read our comparison chart below.

Empower offers free advanced financial tools and paid wealth management services.

While eToro is a social crypto trading platform known for its popular CopyTrading feature. They support a fair range of cryptocurrencies with staking rewards on a few coins. Their fees are moderate compared to other exchanges.

Compare Empower with eToro, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 EmpowereToro
eToro USA LLC and eToro USA Securities Inc.
 Visit SiteVisit Site
 

Empower

eToro

SPECIAL OFFER
Free Money Management Tools - Learn More

Read Empower Review

OFFER
Deposit $100 and Get $10 from eToro USA LLC - Learn More

Read eToro Review

 

Benefits and Features

Stock Trading 
$0; 3,000+ stocks & ETFs
Options Trading 
$0
Annual Fee0.89% for first $1 million, 0.79% for first $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million
None
Cryptocurrency Trading 
Check
Minimum Deposit
$100,000
$100 ($200 to start copy trading)
Mutual Fund Trading 
No
Commission Free ETFs 
Over 300 ETFs
Phone Support
Yes
None
Live Chat Support
No
Online 24 hours,
Monday to Friday
Email Support
Yes
Yes
Human Advisors
Yes
No
Robo Advisor
Check
No
Assets Under Management
$1.2 trillion
$7.5 Billion
(as of 09/30/2023)
Tax Loss Harvesting
Yes
No
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Broker Assisted Trades 
Not available
Good For 
Position traders
Inactivity Fee 
$10/month
Maintenance Fee 
$0
Online Platform
Yes
Yes
iPhone App
Yes
Yes (4.3 stars, 2.3K ratings)
Android App
Yes
Yes (4.0 stars, 133k ratings)
Banking 
No
Mobile App
Yes
Yes
Two-Factor Authentication 
SMS or phone call
Locations 
No
Online Community 
Yes
Seminars 
Yes (eToro Academy)
Virtual Trading Yes (eToro virtual account with $100,000 virtual funds)
Investment Tracking
Check
 
Single Stock Diversification
Yes
 
Fractional Shares
No
Yes
Taxable Accounts
Yes
Yes
401k Plans
Yes
No
IRA Accounts
Yes
No
Roth IRA Accounts
Yes
No
SEP IRA Accounts
Yes
No
Trust Accounts
Yes
No
529 Plans
Yes
No
 

CreditDonkey® Reviews

 EmpowereToro
Human AdvisorsStarStarStarStarStar
Robo AdvisorStarStarStarEmpty StarEmpty Star
PriceStarStarStarStarStar
Goal TrackerStarStarStarStarStar
BudgetingStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarStar
Ease of UseStarStarStarStarStarStarStarStarHalf StarEmpty Star
Investment TrackingStarStarStarStarStar
Retirement PlanningStarStarStarStarStar
Cryptocurrency TradingStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarStarEmpty Star
ResearchStarStarStarStarStar
SafetyStarStarStarStarEmpty Star
Pros & ConsPros:
  • Retirement planner
  • Free portfolio advice
  • Robo plus human advisors
Cons:
  • $100,000 min for advisory service
  • Higher fees than competitors
Pros:
  • Copy actions of top traders
  • Virtual practice account
Cons:
  • Slow customer service response time
Bottom LineFree advanced tools plus hybrid advisory service for people with over $100k in investments... Read full reviewGood crypto exchange for learning, socializing and copy-trading... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Empower: Pricing information from published website as of 04/30/2020

eToro: eToro USA LLC; eToro is a multi-asset investment platform. The value of your investments may go up or down. Virtual currencies are highly volatile. Your capital is at risk.

Empower: Empower Personal Wealth, LLC (“EPW”) compensates CREDITDONKEY INC for new leads. CREDITDONKEY INC is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC.

eToro: eToro is a multi-asset investment platform. The value of your investments may go up or down. Virtual currencies are highly volatile. Your capital is at risk. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. eToro USA LLC does not offer CFDs and neither does it represent or assume any responsibility for the accuracy or completeness of the content of this publication, prepared by the Affiliate, as a partner, using information available and public and not specific to the eToro entity.

Empower

Empower Personal Cash

  • 4.70% APY
  • $0 monthly fee
  • Withdraw up to $100k per day
Funds placed in the Empower Personal Cash Program are FDIC insured by program banks up to an aggregate of $5,000,000. (up to $10 million for joint accounts)
eToro
eToro USA LLC and eToro USA Securities Inc.

Deposit $100 and Get $10 from eToro USA LLC

Expires 12/31/2024
For a limited time, you can get $10 when you deposit $100 in your eToro account. Here's how:
  1. Sign up for an eToro account
  2. Deposit $100
You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation
eToro
eToro USA LLC and eToro USA Securities Inc.

Buy $100 in Crypto and Get $10 Bonus from eToro USA LLC

For a limited time, you can get $10 when you invest in $100 worth of crypto on eToro. Here's how:

  1. Sign up for an eToro account
  2. Deposit funds
  3. Invest in $100 worth of crypto

You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation

eToro
eToro USA LLC and eToro USA Securities Inc.

Get $100,000 Virtual Portfolio to Experiment

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Which is Better: Empower or eToro?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Empower or Robinhood.

In short: Empower's ease of use is excellent.


Articles on Empower

Empower Review

Empower offers wealth management services and free financial tools. But is it legit? Find out if this robo advisory service is right for you.

Is Empower Safe

Empower offers free budgeting tools. But is it safe to link all your financial accounts? Learn just how secure Empower is.

Empower vs Quicken

Quicken is the oldest name in personal finance software, while Empower is newer and offers advanced tools for free. Read on to see if it's a good alternative to Quicken.

Empower vs Mint

Empower and Mint are popular money management apps. Read this review to find out how they compare and which one is better for you.

Articles on eToro

eToro

eToro is a stock and crypto exchange known for its CopyTrading feature. Find out if it's worth the fees and how it compares to other platforms.

eToro vs Interactive Brokers

eToro and Interactive Brokers (IBKR) are two popular platforms where you can invest your money. But which of the two is the right one for you?

How To Delete an eToro Account

Want to close your eToro account? How can you do it? What does it cost? Follow this step-by-step guide to delete your eToro account.

Best eToro Traders

You can copy experienced traders on eToro. But there are so many to choose from. Who are the best eToro traders to follow? Read the full review.

eToro Withdraw Guide

Trading on eToro, but not sure how to make withdrawals? Are there fees or restrictions? Read this eToro withdrawal guide to answer your questions.

How eToro Copy Works

You've probably heard of eToro's popular CopyTrader feature. But how does copying work on eToro? Read on to find out.

How eToro Makes Money

eToro is a popular mainstream platform for trading stocks, crypto, and more. But how does eToro make money? Keep reading to find out.

Buy Dogecoin with eToro

eToro is a mainstream platform for trading crypto and stocks. But how exactly do you buy Dogecoin with eToro? Keep reading to find out all you need to know.

Buy Bitcoin with eToro

Want to buy Bitcoin on eToro? Read this easy-to-follow guide to get started.

Is eToro Legit

eToro is a popular platform for trading stocks and cryptocurrency, known for its unique CopyTrading feature. But is it safe and legit? Read on to find out.

eToro Alternatives

eToro is a popular cryptocurrency trading app known for its CopyTrading feature. But it isn't right for everyone. Find your best eToro alternative here.

Is eToro Good for Beginners

eToro, a popular cryptocurrency trading platform, lets you mimic other traders with their CopyTrading feature. But is it good for beginners?

Which Do You Think is Best?





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