Deciphering the Best: A Comparison between Public.com and eToro for Stocks, ETFs, and Cryptocurrency
Trying to decide between Public.com and eToro for your stock, ETF, and crypto investing needs? Here’s a simplified breakdown to help you out!
Public.com and eToro are popular platforms for social investing. They’re pretty different, though, so the right one for you depends on your investment goals.
Public.com focuses more on stocks and ETFs, while eToro specializes in cryptocurrency. So, if you’re interested in shares and funds, Public.com might be your best bet. If you’re all about crypto, eToro could be a better match.
Public.com, launched in 2018, stands out with its community feature. Here, expert investors share their knowledge, and you can draw insights from their trades. Thanks to this social aspect, Public.com can help beginners build their confidence and skills. There’s no minimum amount required to create an account, which makes it super accessible.
eToro, founded in 2007, entered the U.S. market in 2018 as a crypto platform. Now, it also offers stocks and ETFs. You can start trading with just $10. It’s got this cool feature called CopyTrader™, allowing you to “clone” the trades of successful traders. It’s currently only available for crypto.
When it comes to user experience, Public.com is a bit more user-friendly. There are more community features and it’s easier to search for companies. eToro, on the other hand, has some social features, too, but it does demand some existing knowledge about crypto trading.
In terms of charges, both platforms don’t ask any commission on stock or ETF trades. However, there are small fees with crypto on both platforms.
In terms of safety, you’re in good hands with either. Public.com is a regulated member of the Securities Investor Protection Corporation (SIPC), and eToro is insured by the Federal Deposit Insurance Corporation (FDIC).
So, whether you lean towards Public.com or eToro depends on whether you want to focus on stocks and ETFs, or crypto. Maybe give both platforms a shot since setting up an account is free on both!
