Crypto Exchange comparison
BTC Markets vs eToro
BTC Markets is a pure-play Australian crypto exchange founded in 2013, while eToro is a global multi-asset platform that offers crypto alongside shares, ETFs and CFDs. The biggest practical difference: BTC Markets is a dedicated spot crypto exchange with CHESS-like transparency for Aussie coin traders, whereas eToro is a broader trading platform where crypto sits alongside traditional assets under a custodian model. Your choice comes down to whether you want a specialist crypto exchange or a one-stop shop for multiple asset classes.
Choose
BTC Markets
if…
- ›You want a dedicated Australian crypto exchange with no inactivity fees and zero withdrawal fees for AUD
- ›You trade crypto actively and need advanced order types (stop loss, conditional orders) with free real-time market data
- ›You want to integrate your portfolio with Sharesight or Navexa for tax reporting
- ›You prefer a lower minimum deposit ($30 vs $50) and deposit via PayID, Osko or BPAY
- ›You want an Australian-owned and operated platform with a decade-long track record since 2013
Choose
eToro
if…
- ›You want a single platform for crypto, ASX shares, US stocks, ETFs and CFDs — all in one login
- ›You want zero-commission trading on ASX and US shares alongside your crypto portfolio
- ›You want a demo account to practise trading before committing real money
- ›You prefer funding your account via PayPal, credit card, Skrill or Neteller
- ›You want a publicly listed company (NASDAQ: ETOR) with a broader global market offering across 15+ countries
Where they differ
| Fact | BTC Markets | eToro |
|---|---|---|
| Asset scope | Crypto only | Crypto + ASX shares, US stocks, ETFs, CFDs |
| Inactivity fee | $0 | $10 AUD after inactivity |
| Minimum deposit | $30 AUD | $50 AUD |
| Deposit methods | PayID, Osko, BPAY, bank transfer, debit/credit card | Bank transfer, debit/credit card, PayPal, Skrill, Neteller, POLi |
| Demo account | Not available | Available |
Verdict
Pick BTC Markets for pure, low-fee Aussie crypto trading; pick eToro if you want crypto plus shares and CFDs under one roof.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | BTC Markets | eToro |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | — | custodian |
| Individual HIN | — | No |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | — | Yes |
| ASX ETFs supported | — | Yes |
| US shares supported | — | Yes |
| US ETFs supported | — | Yes |
| Other markets supported | — | United States, United Kingdom, Germany, France, Hong Kong, Italy, Spain, Netherlands, Sweden, Belgium, Denmark, Norway, Finland, Switzerland, Portugal |
| Fractional shares (ASX) | — | Yes |
| Fractional shares (US) | — | Yes |
| Options trading | — | No |
| CFDs supported | — | Yes |
| Crypto trading | Yes | Yes |
| Managed funds | — | No |
| Bonds supported | — | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.75% |
| Holds USD account | — | Yes |
| FX currency switch trick | — | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | — | eToro passes through cash dividends from non-leveraged real positions (debit/credit to wallet). It does not facilitate participation in rights issues, share purchase plans (SPPs), DRPs or shareholder votes because shares are held in a managed investment scheme by the custodian, not in the user's name. No explicit fee, but corporate action access is materially restricted. |
| costs visible | ||
| ASX brokerage minimum | — | $0 |
| ASX brokerage percentage | — | 0% |
| ASX free trade conditions | — | Zero commission applies to all non-leveraged (real) ASX share and ETF purchases. Leveraged / short positions are executed as CFDs and incur 0.15% open/close spread plus overnight financing. |
| US brokerage minimum | — | US$0 |
| US brokerage percentage | — | 0% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $10 |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | BTC Markets Pty Ltd | eToro AUS Capital Limited |
| AFSL number | AFSL via sister entity BTCM Payments Pty Ltd (BTC Markets itself is not AFSL-licensed for spot crypto, as spot crypto is not a regulated financial product) | 491,139 |
| AUSTRAC registration | Yes | Yes |
| Year founded | 2,013 | 2,017 |
| Parent / ownership | Privately owned, Australian; headquartered in Richmond, Melbourne (Victoria) | eToro Group Ltd (NASDAQ: ETOR) — listed 14 May 2025; originally founded in Israel by Yoni and Ronen Assia. eToro AUS Capital Limited is a wholly-owned Australian subsidiary. |
| Country of incorporation | AU | Australia |
| Public company status | private | public |
| money movement | ||
| Minimum initial deposit | $30 | $50 |
| Minimum subsequent purchase | $30 | $50 |
| Deposit methods | PayID, Osko, BPAY, Direct Credit / EFT bank transfer, Bank card (debit/credit) | Bank transfer, Debit card, Credit card, PayPal, Skrill, Neteller, POLi, Online banking |
| Settlement period | — | T+2 ASX, T+1 US (settlement managed by the eToro Service custodian; user funds reflect immediately in eToro wallet) |
| Withdrawal time | AUD withdrawals typically 1 business day (NPP/Osko often same-day where available) | 1-2 business days for eToro processing; total 2-10 business days end-to-end depending on payment method (bank transfer longer than card) |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | No |
| Demo account | No | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | No | No |
| 2FA support | authenticator | SMS + authenticator app |
| Customer support channels | email, support portal / help centre | Live chat (Club members only), Email / web ticket, Help centre |
| Support hours (AU time) | Business hours (approx. 9am-5pm AET), Mon-Fri; help centre 24/7 self-service | — |
| Education content | basic articles | video + courses |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | Yes | No |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | single asset | multiple |
| DRP (dividend reinvestment) | — | No |
| After-hours / overnight trading | Yes | No |