Navigating Finance: Unraveling the Best Between Public.com and eToro for Stocks, ETFs, and Cryptocurrency.

Confused between Public.com and eToro for your investments? Here’s a simple breakdown.

Public.com and eToro are both popular platforms, particularly known for their social features. While Public.com centers its focus on stocks and ETFs, eToro lays a heavier emphasis on cryptocurrency. So, if you mainly aim to invest in stocks and ETFs, Public.com should be your go-to. But if you’re more into crypto trading, you might be more at home with eToro.

Public.com, established in 2018, is user-friendly and even lets you practice commission-free trading. Its main highlight is the built-in collaborative space where the community of investors interact and share knowledge – great for beginners and experts alike! As a newbie, you can start trading with just $1, no account opening fees, and no commissions.

On the other hand, eToro, which started in 2007, allows trading in a whopping 120 different cryptocurrencies! Despite being slightly more complicated for novices, eToro has an interesting feature allowing users to replicate the trading strategies of successful traders.

Both platforms offer fractional shares and commission-free trades. However, when it comes to pricing, Public.com has a 1-2% markup on cryptocurrency transactions, and eToro charges a 1% flat fee for cryptocurrency trades. As for security, both platforms come with good measures; Public.com is under the Securities Investor Protection Corporation, and eToro has Federal Deposit Insurance Corporation’s protection.

As for community and social features, Public.com lets you connect with individual investors, join discussion groups, or create your chat groups. In comparison, eToro’s community-based features are a little less, but it does offer a social news feed where you can interact with and follow more experienced traders.

When we talk about research capabilities, eToro outdoes Public.com with its Research tab filled with insights from leading experts and experienced investors. Public.com, targeting mostly beginners, keeps its research and data options minimal.

In terms of customer support, both platforms offer multiple digital channels but no direct phone line.

Overall, both platforms have their strengths. Public.com is perfect for beginners due to its user-friendly interface, accessible minimums, and useful social features. However, eToro offers a wider range of cryptocurrency options and more advanced research tools. The kind of platform that suits you depends on your trading priorities and preferences. If you’re unsure, you can always create an account on both platforms, and see which one you like better!