{"id":108410,"date":"2025-01-14T00:27:00","date_gmt":"2025-01-14T00:27:00","guid":{"rendered":"https:\/\/arielle.com.au\/?p=108410"},"modified":"2026-01-22T04:30:47","modified_gmt":"2026-01-22T04:30:47","slug":"etoro-vs-commsec","status":"publish","type":"post","link":"https:\/\/arielle.com.au\/etoro-vs-commsec\/","title":{"rendered":"eToro vs CommSec: Which Is The Best Platform For Aussie Investors?"},"content":{"rendered":"Reading Time: <\/span> 7<\/span> minutes<\/span><\/span>\n

CommSec, or at least CommBank, will likely be a familiar name to anyone reading this article. eToro, on the other hand, might be a name that is less well-known to some.<\/p>\n\n\n\n

That said, eToro is one of the fastest-growing brokers globally, with 33.4 million users \u2013 ten times CommSec\u2019s 3 million. So, is this a simple case of choosing between the more boring, traditional, but trustworthy incumbent versus a shiny, new, but potentially riskier challenger?<\/p>\n\n\n\n

Or is there more for an investor to consider?  <\/p>\n\n\n\n

This article will offer an honest and unbiased analysis of the two platforms, while offering insight into the best platform for your situation.<\/p>\n\n\n\n

(Related: 10 Best Share Trading Platforms In Australia<\/a>).<\/strong><\/p>\n\n\n\n

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Key Takeaways:<\/th><\/th><\/tr><\/thead>
eToro<\/strong><\/td> is a multi-asset platform with a unique social network aspect to trading that may appeal to less-experienced investors.<\/td><\/tr>
CommSec<\/strong><\/td> is a more traditional offering that will offer a higher level of convenience to existing CommBank customers intended for a different type of user who is likely a more experienced investor.<\/td><\/tr>
Neither platform<\/strong><\/td> is aimed at the most cost-conscious of investor but may still be the best value for money, depending on your situation.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

eToro vs CommSec: My Quick & Dirty Verdict.<\/strong><\/h2>\n\n\n\n

Be honest. <\/p>\n\n\n\n

Are you someone who has banked with CommBank for your whole life because your parents did, and their parents did, and their parents did? <\/p>\n\n\n\n

You can probably open a CommSec account in less than 10 minutes.<\/span><\/div><\/div>\n\n\n\n

Your account will be linked to your banking app, and it will function pretty well. But you can also expect all the usual pain points associated with a \u2018Big 4\u2019 bank.<\/p>\n\n\n\n

(Related: eToro vs Webull: Which Is Best?<\/a>)<\/strong><\/p>\n\n\n\n

Not a current CommBank client and want a trading app that meshes the latest trading technology with a social network? eToro will most likely suit your needs best.<\/p>\n\n\n\n

You can expect a superior user experience and the ability to learn and copy strategies from expert investors.<\/span><\/div><\/div>\n\n\n\n
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Important!<\/h3><\/div>

If you are a very cost-conscious trader, then neither of these offerings are likely to be the best platform for you. Alternatives, such as Moomoo (the cheapest), Webull and TigerBrokers would be worth considering.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n

Finally, while both platforms target a typically younger and less experienced investor, the slight nuance is that an expert trader can profit from eToro\u2019s users under copy (UUC) feature.<\/p>\n\n\n\n

This works somewhat like how a fund manager profits from taking a percentage of assets under management (AUM). This feature might make eToro an attractive proposition to a professional investor.<\/p>\n\n\n\n

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eToro Is Best For:<\/strong><\/th>CommSec Is Best For:<\/th><\/tr><\/thead>
Investors wanting to trade a more diverse range of asset classes.<\/td>Existing CommBank users.<\/td><\/tr>
Investors interested in CopyTrading.<\/td>Investors wanting professional analysis on companies.<\/td><\/tr>
Investors wanting more education.<\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Selection Of Assets.<\/strong><\/h2>\n\n\n\n
<\/div>\n\n\n\n
eToro<\/strong><\/td>8\/10<\/td><\/tr>
CommSec<\/strong><\/td>6\/10<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

There is a clear difference in tradable securities available between CommSec and eToro.<\/p>\n\n\n\n

<\/div>\n\n\n\n
Asset Class<\/th>CommSec<\/th>eToro<\/th><\/tr><\/thead>
Equities<\/strong><\/td>13 Global Markets<\/td>>20 Global Markets<\/td><\/tr>
ETFs<\/strong><\/td>Yes<\/td>Yes<\/td><\/tr>
Fixed Income<\/strong><\/td>Yes<\/td>No<\/td><\/tr>
Indices<\/strong><\/td>No<\/td>Yes<\/td><\/tr>
Commodities<\/strong><\/td>No<\/td>Yes<\/td><\/tr>
Currencies (Forex<\/strong>)<\/td>No<\/td>Yes<\/td><\/tr>
Cryptoassets<\/strong><\/td>No<\/td>Yes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

While eToro has a strong lead in the number of exchanges it gives you access to, most retail investors will never venture past NASDAQ, NYSE and the ASX.<\/p>\n\n\n\n

(Related: Best Cryptocurrency Exchanges In Australia<\/a>).<\/strong><\/p>\n\n\n\n

When was the time you bought an equity on the Toronto or Bombay stock exchange? That’s right, never.<\/p>\n\n\n\n

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Important!<\/h3><\/div>

However, eToro’s access to alternative assets, such as gold and oil, can provide diversification benefits to investors, particularly during periods of market volatility.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n

In addition, CommSec’s inability to trade crypto may be a deal breaker for some.<\/p>\n\n\n\n

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Trading Tools And Features.<\/strong><\/h2>\n\n\n\n
<\/div>\n\n\n\n
eToro<\/td>9\/10<\/td><\/tr>
CommSec<\/td>8\/10<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In terms of the features offered, the two provide quite different offerings.<\/p>\n\n\n\n

eToro leans heavily on its social trading features, and is likely the main reason an investor chooses this platform. <\/p>\n\n\n\n

CommSec again focuses on convenience, while its educational material and investment analysis may be more suited to the more sophisticated investor.<\/p>\n\n\n\n

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Important!<\/h3><\/div>

eToro\u2019s USP is the ability to CopyTrade, where you can select an expert investor from their platform and replicate their trades.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n

There is also the option to use their Smart Portfolios, created by eToro\u2019s professional analysts and allow you to home in on a particular sector or theme, such as early-stage AI or healthcare.<\/p>\n\n\n\n

Investors can study the past returns of expert investors and the various Smart Portfolios before deciding where to invest their money.<\/p>\n\n\n\n

While these are no guarantee of success, the range of strategies can be a great resource for: <\/p>\n\n\n\n