Comparison of eToro vs Stormgain [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the eToro vs Stormgain comparison!

Your expert: Alejandro Borja

eToro

Your expert: Xavier Tarrasó

Stormgain

Main points

Fees

Fee:

Earns

Yes

Customer service

4/5

≤0,25%

Fees

Earns

3/5

Customer service

Recommended for

Beginners

Yes

Trading

Passive income

Yes

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Yes

Buy and hold

Comparison of fees

Rating

3.7 – Competitive fees with additional benefits for social trading.

4.1 – Competitive fees with a focus on leveraged trading.

Level

Fee:

≤0,25%

Brief explanation

eToro’s commission structure primarily revolves around spread-based pricing, which can be relatively higher than some of its competitors, making it less ideal for traders who engage in frequent small trades. This means that the cost of a transaction is built into the buy and sell price of each trade, leading to no explicit commission fees but a varying spread cost depending on the asset being traded. Additionally, eToro charges a withdrawal fee and an inactivity fee if an account is not used for a certain period. These fees are somewhat offset by the absence of management or ticketing fees, which makes it attractive for users who trade less frequently but with higher volumes. Understanding these nuances is crucial for traders to manage trading costs effectively on eToro.

StormGain charges a unique fee structure that differentiates it from many other cryptocurrency exchanges. The platform adopts a flat fee model for trading, charging a standard rate of 0.25% on all trades. This rate is slightly above the new industry average, which tends to range around 0.10% to 0.15%, but StormGain offers a compelling twist: it only imposes these fees on profitable trades. This means if your trade does not make a profit, you are not charged a trading fee. In addition to trading fees, StormGain also applies withdrawal fees, which vary by cryptocurrency. For instance, withdrawing Bitcoin incurs a fixed fee of 0.0006 BTC, combined with a percentage fee of 0.10% of the withdrawn amount. This hybrid fee model can be particularly advantageous or costly depending on the amount being withdrawn and the current value of the cryptocurrency. Overall, StormGain’s fee model is designed to benefit profitable traders by allowing them to incur costs only when they earn, which can be particularly attractive to high-volume traders who are confident in their trading strategies and market timing.

eToro

Year Founded: eToro was established in 2007, demonstrating a long-standing presence in the financial markets. This longevity in the industry underscores its experience and resilience, adapting to various economic cycles and regulatory environments over the years.
Number of Users: With over 20 million registered users globally, eToro has a substantial user base that reflects its widespread acceptance and trust among investors. A large community not only signifies a trusted platform but also enhances the social trading experience by providing more insights and strategies to follow.
Security Methods: eToro employs advanced security protocols to protect user data and funds. These include SSL encryption, secure login methods, and adherence to strict regulatory guidelines, ensuring a high level of security that meets global standards.
Possible Regulation: eToro is regulated by several respected bodies, including the Cyprus Securities Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC). This regulation is critical for ensuring fair trading practices and protecting the interests of investors.
Reputation and Reviews: eToro enjoys a positive reputation in the industry, supported by generally favorable reviews from users. Its innovative platform and commitment to user satisfaction have been widely acknowledged in numerous reviews and testimonials, which praise its user-friendly interface and social trading features.

Stormgain

Security Measures: StormGain takes the security of its users seriously, implementing advanced measures like cold storage for the majority of funds, two-factor authentication (2FA), and encryption technologies to safeguard personal and transaction data.
High Leverage Options: Offering leverage up to 1:300, StormGain provides one of the highest leverage options available in the market. This allows experienced traders to maximize their trading strategies effectively.
Innovative Trading Features: StormGain features a range of innovative trading tools including leveraged crypto futures, options, and tokenized assets. This variety not only caters to different trading preferences but also enhances trading potential through diversification.
Reputation and Reviews: Since its inception in 2019, StormGain has built a solid reputation, ranked highly on several review platforms. Most reviews highlight customer satisfaction with the platform’s user-friendly interface and comprehensive trading tools.
Customer Service: StormGain offers robust customer support with a 24/7 service team accessible via email, chat, and phone. This level of support ensures that users' queries and issues are resolved promptly, enhancing user trust and satisfaction.

Comparison sponsored by the best exchange

eToro

eToro Special Offer*

Earn up to 4.90% APY on uninvested cash with eToro USA.

Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

eToro Group Ltd.

Stormgain LLC

Regulation

Regulated in Chipre, el Reino Unido y Australia

Not regulated

Year founded

2007

2019

Founder

Yoni Assia

Unknown

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

eToro	FEATURES	Stormgain
eToro offers a low minimum trade amount, making it accessible for beginners yet slightly higher than some competitors.	Minimum Trade	StormGain allows for relatively low minimum trade amounts, making it accessible for beginners or those looking to trade small amounts.
Fees are higher due to spread pricing; beneficial for less frequent, larger trades.	Trading and Transaction Fees	StormGain charges a 0.25% flat fee on all trades and additional fees on profitable trades, which can be somewhat higher than some competitors.
Offers a moderate range of popular cryptocurrencies but lacks some of the lesser-known altcoins.	Number of Cryptocurrencies	Offers a limited selection of cryptocurrencies compared to larger exchanges, which might be a downside for users looking for diverse trading options.
A decent variety of trading pairs available, though not as extensive as larger exchanges.	Crypto-to-Crypto Trading Pairs	Although limited in overall cryptocurrency numbers, it provides essential trading pairs, suitable for most conventional traders but not ideal for those seeking depth.
eToro provides clear information on fees and features but could improve in showing all terms upfront.	Website Transparency	The website is quite transparent about fees and trading options, though it could improve by providing more information about the team and their operational ethos.
eToro does not provide an exchange card for in-store purchases and associated benefits based on the available data.	Credit/Debit Card	StormGain currently lacks an exchange card, missing an opportunity to extend additional payment convenience and benefits to its users.
Provides a secure digital wallet app but less control compared to dedicated wallet services.	Storage Offering	Provides a secure wallet for cryptocurrency storage, incorporating essential security features such as 2FA.
Offers staking for some cryptocurrencies with rewards, but the options and rates are limited.	Staking and Rewards	Offers competitive staking options and rewards, adding value for users who hold their cryptocurrencies in the exchange’s wallet.
Both mobile and desktop platforms are user-friendly and highly functional.	Mobile App and Desktop	The mobile and desktop platforms are well-designed, intuitive, and user-friendly, suitable for both beginners and experienced traders.
Good customer support with multiple channels available, though response times can vary.	Customer Service	Provides 24/7 customer support, but feedback on the responsiveness and quality of support varies among users.
Easy deposit and withdrawal processes, but some users may find the withdrawal fee structure cumbersome.	Deposit and Withdraw	Offers instant deposit and withdrawal options, but the fees, especially for withdrawals, can be high depending on the method and currency.

Key features

Analysis tools

Social trading, advanced charting tools

Advanced charting tools, technical analysis

Mobile APP

Security

High 4,9/5

High 4,5/5

Additional features

Social trading, copy trading, staking, eToro Club rewards

Margin trading, futures trading, staking, StormGain Earn

Anonymity

Yes

Key points

Available cryptocurrencies

30+ (focus on popular assets)

50+

User-friendliness

eToro features a user-friendly interface that is easy to navigate, making it suitable for beginners. The platform focuses on social trading, allowing users to follow and copy trades from experienced traders.

StormGain offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Delivers reasonable value for money with competitive fees and a focus on social trading, making it an attractive option for new traders.

Offers good value for money with competitive fees and advanced trading features, suitable for both retail and institutional traders.

Countries of operation

United States, United Kingdom, Europe, Australia, Canada

Global, including United States, Canada, United Kingdom, Australia, Germany

Best for

Suitable for new traders interested in social trading and following the strategies of successful traders, with competitive fees.

Suitable for both retail and institutional traders interested in derivatives trading with competitive fees and advanced features.

Base currencies available

USD, BTC

USDT, BTC

Account

Trading

eToro is known for its social trading features, allowing users to follow and copy trades from experienced traders. It offers a wide range of cryptocurrencies but has higher fees compared to some exchanges.

StormGain offers extensive trading options including leveraged trading. It provides advanced tools suitable for experienced traders but might be overwhelming for beginners.

Deposit and withdrawal

eToro offers multiple deposit options, including bank transfers, credit/debit cards, and e-wallets. Withdrawals are processed within a day, but fees are higher compared to some exchanges .

StormGain offers multiple deposit and withdrawal methods, including bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

Account opening process

eToro offers a seamless and fully digital account opening process. Users need to provide personal information, verify their identity, and typically get their account approved within a day. It’s user-friendly and efficient.

StormGain provides a seamless account opening process. Users need to provide personal information and verify their identity. The process is quick and usually completed within a day.

KYC required?

Yes

Customer Service

eToro offers extensive customer support via email, live chat, and phone. The support team is responsive and available 24/7, ensuring users get timely assistance.

StormGain provides extensive customer support through email, live chat, and a help center. Support is available 24/7, and the response times are quick, ensuring users get timely assistance.

Security

eToro offers comprehensive security measures, including 2FA, encryption, and cold storage. It is regulated by multiple financial authorities, ensuring high security for investors.

StormGain provides comprehensive security measures, including 2FA, encryption, and cold storage. It is not regulated by major financial authorities, which might be a concern for some investors.

Which of these exchanges is for you?

Alejandro Borja

At Threenvest, we understand the importance of choosing the right cryptocurrency exchange for your trading and investment needs. eToro, with its distinctive blend of social trading features and a user-friendly platform, presents a compelling option for those new to cryptocurrency trading as well as seasoned traders seeking a more community-oriented trading environment. The platform stands out for its wide array of cryptocurrencies, including popular choices like Bitcoin and Ethereum, as well as its innovative social trading tools that allow users to learn from peers and mimic successful traders’ strategies. These features make eToro particularly attractive to users who value a collaborative approach to trading. However, it’s important to weigh eToro’s offerings against its limitations. Compared to other exchanges, eToro’s fee structure, primarily based on spreads, may be higher, particularly for less popular cryptocurrencies or during volatile market conditions. Additionally, while eToro offers a robust platform that caters well to beginners and intermediate users, advanced traders might find the technical tools insufficient for complex strategies. At Threenvest, we recommend eToro for users who prioritize ease of use, educational resources, and social trading capabilities. For those requiring advanced trading capabilities and lower fee structures, exploring other platforms might be advisable. Ultimately, aligning your specific trading style and needs with the features offered by eToro will determine if this platform is the right choice for you.

Xavier Tarrasó

As one of the experts reviewing cryptocurrency platforms for our website, I find StormGain to be an intriguing option for traders who are particularly interested in leveraging high-risk, high-reward strategies. Its ability to offer up to 1:300 leverage is a standout feature that attracts experienced traders looking for significant market exposure. Additionally, the platform’s user-friendly interface and educational resources make it accessible, even for newcomers to the crypto trading scene. However, it’s important to approach trading on StormGain with a clear strategy and an understanding of the risks associated with high leverage trading.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.