eToro
★★★★★3.9/5
Strengths
- 0€ Stock Trading
- Copy Trading
- Social Features
- Many Deposit Methods
- Demo Account
Weaknesses
- Spreads on CFDs
- $5 Withdrawal Fee
Best for
Social Trading
Go to eToro →* Affiliate link · no extra cost for you
Broker Comparison 2026
eToro vs. Flatex
Detailed comparison of all fees, features, and suitability — updated for 2026.
eToro
vs
Flatex
Our Recommendation
eToro is the better choice for Social Trading, while Flatex wins for Austrian Investors. Which one suits you depends on your strategy — the detailed comparison below shows every difference.
Numeric Comparison
| Metric | eToro | Flatex | Difference |
|---|---|---|---|
| Order fee per trade | 0.00 € | 5.90 € | 5.90 € cheaper at eToro |
| 10y savings plan cost @ €100/month | 0 € | 708 € | 708 € cheaper at eToro |
| Interest on €10,000 cash (1 year) | 4.55 % = 455 € | — | +455 € more at eToro / year |
| Available exchanges | 1 | 6 | +5 more at Flatex |
| BMInsider rating | 3.9/5 | 3.8/5 | +0.1 at eToro |
Bottom line: on €10,000 cash eToro earns about 4.550 € more interest over 10 years.
Flatex
★★★★★3.8/5
Strengths
- Many Trading Venues
- Options & Futures
- Tax-Simple for Austria
- Demo Account
Weaknesses
- Higher Order Fees
- Savings Plan Not Free
Best for
Austrian Investors
Go to Flatex →* Affiliate link · no extra cost for you
Detailed Comparison
All fees, products, and platform features compared side-by-side. The "Winner" column shows which broker leads in each category.
| Feature | eToro | Flatex | Winner |
|---|---|---|---|
| Fees & Costs | |||
| Order Fee | 0€ (Aktien) / Spread (CFDs & Krypto) | 5.90€ + Börsengebühr | eToro |
| ETF Savings Plan Fee | - | 1.50€ | Tie |
| Account Fee | 0€ + $5 Auszahlungsgebühr | 0€/Year | Tie |
| Minimum Deposit | $50 | 0€ | Tie |
| Interest on Cash | bis 4.55% (eToro Money) | 0% | eToro |
| Product Range | |||
| Stocks | Tie | ||
| ETFs | Tie | ||
| Crypto | eToro | ||
| Options | Flatex | ||
| CFDs | Tie | ||
| Fractional Shares | eToro | ||
| Number of Exchanges | eToro-intern | Xetra, Frankfurt, Wien | Flatex |
| Platform & Tools | |||
| Mobile App | Tie | ||
| Desktop Platform | Tie | ||
| Demo Account | Tie | ||
| Security & Regulation | |||
| Regulated by | CySEC / FCA | BaFin / FMA | Tie |
| Deposit Protection | €20.000 (ICF) | 100.000€ | Tie |
| Founded | 2007 | 2006 | Tie |
| Overall Rating | |||
| Rating | ★★★★★ | ★★★★★ | eToro |
Which Broker for Whom?
Depending on your strategy and experience, one broker fits better. Here's how to decide:
For Beginners
eToro
Low barriers, simple app, demo account and no hidden costs — perfect to get started.
More about eToro →For Active Traders
eToro
Low per-order fees, many trading venues and derivatives access — important if you trade regularly.
More about eToro →For Long-Term Investors
eToro
Free savings plans, interest on cash and no custody fee — what matters when you buy & hold.
More about eToro →Detailed Assessment
Who is eToro?
eToro combines social trading with commission-free stock trading. Ideal for beginners who want to learn from experienced traders.
Strengths in Detail
- 0€ Stock Trading
- Copy Trading
- Social Features
- Many Deposit Methods
- Demo Account
Weaknesses
- Spreads on CFDs
- $5 Withdrawal Fee
- Only Traded on eToro Platform
- USD Conversion Fee
Who is eToro worth it for?
Particularly suitable for: Social Trading, Beginners, Copy Trading, Crypto.
Who is Flatex?
Flatex is especially popular in Austria as a tax-simple broker with access to many exchanges and derivatives.
Strengths in Detail
- Many Trading Venues
- Options & Futures
- Tax-Simple for Austria
- Demo Account
Weaknesses
- Higher Order Fees
- Savings Plan Not Free
- No Interest on Cash
- No Crypto
Who is Flatex worth it for?
Particularly suitable for: Austrian Investors, Options Trading, Many Exchanges.
eToro vs flatex — Cypriot social-trading platform vs German discount broker
eToro (eToro Europe Ltd., CySEC Cyprus, USD base) and flatex (flatexDEGIRO Bank, BaFin Germany) are different multi-asset brokers. eToro offers 0.09–0.39% spread on real stocks (no commission), 1% flat on spot crypto, CopyTrader feature. flatex relies on €5.90 flat per order, 1 600 free ETF savings plans from €25 minimum rate, German steuereinfach annual certificate.
Honest take: flatex is the pick for German ETF savings plans and steuereinfach DACH investing with flat order costs. eToro is the pick for US stock trading, spot crypto and social following.
When eToro is the better pick
You want social trading / CopyTrader. eToro from $200 to follow a top trader. flatex has no social feature.
You want cheap US stocks. eToro 0.09–0.15% spread on US stocks. flatex €5.90 flat + foreign-venue surcharge + FX fee.
You want real crypto coins. eToro 100+ spot coins. flatex has no real coins, only crypto ETNs.
You want smart portfolios. eToro thematic bundles. flatex has only one-off buys and savings plans.
You want optional CFDs. eToro CFDs in the same app. flatex offers CFDs via flatexDEGIRO CFD, but in a separate account workflow.
When flatex is the better pick
You're building ETF savings-plan wealth. flatex 1 600 free ETF savings plans from €25 rate. eToro has no classic savings plans — only one-off buys.
You want the German tax certificate. flatex withholds 25% KESt automatically; annual certificate for Anlage KAP. eToro pays gross.
You want an EUR base account without FX friction. flatex EUR. eToro USD only — every EUR deposit is converted.
You want predictable flat order costs. flatex €5.90 regardless of order size. eToro spread-based — cheaper on small US stock buys, more expensive on large EU trades due to spread scaling.
You want bonds and mutual funds. flatex offers 1 000+ bonds, classic investment funds, certificates. eToro focuses on stocks, CFDs, crypto.
Taxes — DACH specifics
Germany — flatex steuereinfach, eToro not. flatex withholds 25% KESt automatically. eToro pays gross.
Crypto: eToro spot crypto §23 EStG — 1 year tax-free. flatex crypto ETNs are 25% KESt securities.
Austria — neither steuereinfach. Both via FinanzOnline E1kv.
Vorabpauschale 2026: flatex books automatically. eToro: self-calculate.
US withholding tax: flatex W-8BEN, 15% credited. eToro 15% deducted, manual credit.
Cost example — Multi-asset investor over 1 year
Profile: 12 monthly €200 ETF savings plans, 8 EU stock buys at €2 000, 6 US stock buys at $1 000, 1 crypto spot €500.
| Item | flatex | eToro |
|---|---|---|
| 12× €200 ETF savings plan | €0 | not offered |
| 8× €2 000 EU stock | 8× €5.90 + venue = ~€63 | ≈€40 (0.25% spread) |
| 6× $1 000 US stock | 6× (€5.90 + FX 0.5% + venue) = ≈€70 | ≈€8 (0.15% spread) |
| 1× crypto spot €500 | not offered | €5 (1%) |
| Yearly cost | ≈€133 | ≈€53 |
eToro ~€80 cheaper through US stock spread and crypto. On withdrawal $5 + FX markup (~€50 per withdrawal). flatex wins for pure EU savings-plan focus with zero savings-plan fee.
Verdict by investor profile
ETF savings-plan investor
Pick: flatex. 1 600 free savings plans. eToro has no savings plans.
US stock trader
Pick: eToro. 0.15% spread vs flatex €5.90 + FX.
Crypto buy-and-hold
Pick: eToro. Real spot coins with §23. flatex only ETNs.
Bond/mutual-fund investor
Pick: flatex. 1 000+ bonds. eToro has no bonds.
Social trader
Pick: eToro. flatex has no social feature.
Frequently Asked Questions
Answers to the most common questions about eToro vs Flatex.
For order fees, eToro leads at 0€ (Aktien) / Spread (CFDs & Krypto), while Flatex charges 5.90€ + Börsengebühr. Note: with CFD brokers, spreads add hidden cost — the lower nominal price isn't always cheaper overall.
eToro is regulated by CySEC / FCA, Flatex by BaFin / FMA. Both fall under EU oversight. Deposit protection: eToro €20.000 (ICF), Flatex 100.000€.
For German/Austrian customers, language, BaFin regulation and tax-simple status often matter most. Check the 'Regulated by' and 'Languages' rows — DACH-focused brokers usually have the edge.
Neither eToro nor Flatex offers free ETF savings plans. If recurring investing matters, check a savings-plan-focused broker.
Both are covered under their home regulator's deposit protection. eToro: €20.000 (ICF), Flatex: 100.000€. Securities are held in segregated accounts and protected in case of broker insolvency.
eToro leads on cash interest at 4.55%. Watch the conditions — some brokers require a paid plan or cap the amount.
Both offer native mobile apps with good app-store ratings. Which is better depends on your needs — try both with a demo account if available.
A second broker makes sense when one offers features the other lacks (e.g. options, crypto, more exchanges). A full switch is only worth it if the cost difference or missing features are significant.
Ready to Get Started?
Sign up with the broker that fits your strategy. Both are regulated and offer a demo account to test risk-free.