eToro vs OKX
eToro and OKX both let you trade crypto in Australia, but they're fundamentally different products. eToro is a multi-asset brokerage that also offers ASX and US shares, ETFs, and CFDs under an AFSL — it's a one-stop shop for traditional and crypto investing. OKX is a pure crypto exchange with options trading and advanced order types, but zero access to shares or ETFs.
- ›You want to buy ASX and US shares alongside crypto in a single platform
- ›You need CHESS-adjacent custody for shares (eToro uses a custodian model but offers real ASX/US equities, not just CFDs)
- ›You prefer a publicly listed company (NASDAQ: ETOR) with a longer Australian track record since 2017
- ›You want a demo account to practice before committing real money
- ›You need an Australian tax statement and CGT report generated for you
- ›You only trade crypto and want zero fees on inactivity and withdrawals
- ›You trade options on crypto — OKX supports options trading; eToro does not
- ›You want near-instant AUD deposits and withdrawals via PayID/Osko (under 30 minutes)
- ›You prefer a dedicated desktop trading platform alongside mobile
- ›You use Sharesight or Navexa for portfolio tracking — OKX integrates directly
Where they differ
| Fact | eToro | OKX |
|---|---|---|
| Share trading | ASX & US shares and ETFs supported | No share trading — crypto only |
| Options trading | Not supported | Supported |
| Inactivity fee | $10 AUD | $0 AUD |
| Minimum deposit | $50 AUD | $0 AUD |
| Desktop platform | Not available | Available |
Pick eToro if you want shares and crypto in one place; pick OKX if you're crypto-only and want options, speed, and zero inactivity fees.
Common questions
How do eToro and OKX compare on share trading?
eToro: ASX & US shares and ETFs supported. OKX: No share trading — crypto only.
How do eToro and OKX compare on options trading?
eToro: Not supported. OKX: Supported.
How do eToro and OKX compare on inactivity fee?
eToro: $10 AUD. OKX: $0 AUD.
When is eToro the better choice over OKX?
Pick eToro if you want to buy ASX and US shares alongside crypto in a single platform; you need CHESS-adjacent custody for shares (eToro uses a custodian model but offers real ASX/US equities, not just CFDs); you prefer a publicly listed company (NASDAQ: ETOR) with a longer Australian track record since 2017; or you want a demo account to practice before committing real money.
When is OKX the better choice over eToro?
Pick OKX if you only trade crypto and want zero fees on inactivity and withdrawals; you trade options on crypto — OKX supports options trading; eToro does not; you want near-instant AUD deposits and withdrawals via PayID/Osko (under 30 minutes); or you prefer a dedicated desktop trading platform alongside mobile.
eToro or OKX — what's the verdict?
Pick eToro if you want shares and crypto in one place; pick OKX if you're crypto-only and want options, speed, and zero inactivity fees.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | eToro | OKX |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | — |
| Individual HIN | No | — |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | Yes | — |
| SMSF account | Yes | No |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | Yes | No |
| ASX ETFs supported | Yes | No |
| US shares supported | Yes | No |
| US ETFs supported | Yes | No |
| 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 | No |
| Fractional shares (US) | Yes | No |
| Options trading | No | Yes |
| CFDs supported | Yes | Yes |
| Crypto trading | Yes | Yes |
| Managed funds | No | No |
| Bonds supported | No | 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 | $10 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | eToro AUS Capital Limited | OKX Australia Pty Ltd |
| AFSL number | 491,139 | 379,035 |
| AUSTRAC registration | Yes | Yes |
| Year founded | 2,017 | 2,024 |
| Parent / ownership | 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. | OKX Group (Seychelles-headquartered global crypto exchange, formerly OKEx) |
| Country of incorporation | Australia | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $50 | $0 |
| Minimum subsequent purchase | $50 | $0 |
| Deposit methods | Bank transfer, Debit card, Credit card, PayPal, Skrill, Neteller, POLi, Online banking | PayID, Osko, bank transfer, debit/credit card (via Simplex, MoonPay, Banxa), crypto deposit |
| Settlement period | T+2 ASX, T+1 US (settlement managed by the eToro Service custodian; user funds reflect immediately in eToro wallet) | instant (crypto settles on-chain confirmation; AUD via PayID near-instant) |
| Withdrawal time | 1-2 business days for eToro processing; total 2-10 business days end-to-end depending on payment method (bank transfer longer than card) | near-instant via PayID/Osko (under 30 minutes typical) |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | Yes |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | No | No |
| 2FA support | SMS + authenticator app | authenticator |
| Customer support channels | Live chat (Club members only), Email / web ticket, Help centre | email, live chat, in-app help centre |
| Support hours (AU time) | — | 24/7 live chat and email support |
| Education content | video + courses | video + courses |
| tax and reporting | ||
| Australian tax statement | Yes | No |
| Distribution component breakdown | — | No |
| CGT calculator / report | Yes | No |
| Sharesight / Navexa integration | No | Yes |
| 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 | multiple | multiple |
| DRP (dividend reinvestment) | No | — |
| After-hours / overnight trading | No | Yes |