Crypto Exchange comparison
eToro vs Swyftx
eToro and Swyftx both let you buy crypto in Australia, but they're not really competing in the same lane. eToro is a multi-asset broker that also offers ASX and US shares, ETFs, and CFDs — crypto is just one tile on the dashboard. Swyftx is a pure crypto exchange with zero share trading, built specifically for Australians who want deep coin selection, fast PayID deposits, and integrated tax reporting.
Choose
eToro
if…
- ›You want to trade ASX and US shares alongside crypto inside a single account
- ›You need access to 17 global markets including European and Hong Kong stocks
- ›You want zero-commission real share purchases (non-leveraged) on ASX and US stocks
- ›You're comfortable with a custodian model (shares held in a managed investment scheme, not under your HIN)
- ›You want a demo account to practise share and crypto trading before committing real money
Choose
Swyftx
if…
- ›You want a dedicated crypto exchange with no shares, no CFDs, and no complexity beyond digital assets
- ›You want instant deposits via PayID/Osko and withdrawals that land in minutes, not days
- ›You need Sharesight or Navexa integration for portfolio tracking and tax
- ›You want to start trading with as little as $1 and no minimum initial deposit
- ›You value 24/7 live chat and callback support rather than email-only or Club-member chat
Where they differ
| Fact | eToro | Swyftx |
|---|---|---|
| Share trading | ASX and US shares + ETFs supported | No share trading at all |
| Minimum deposit | $50 initial, $50 subsequent | $0 initial, $1 subsequent |
| Inactivity fee | $10 AUD | $0 AUD |
| Withdrawal speed | 1-2 business days processing, up to 10 total | Minutes via Osko, up to 2 days for bank transfer |
| CHESS / custody | Custodian model — no individual HIN | N/A (no shares offered) |
Verdict
Pick eToro if you want shares and crypto in one place; pick Swyftx if you want a fast, low-fee pure crypto exchange built for Australia.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | eToro | Swyftx |
|---|---|---|
| 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 | 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 | No |
| CFDs supported | Yes | No |
| 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 | Swyftx Pty Ltd |
| AFSL number | 491,139 | — |
| AUSTRAC registration | Yes | Yes |
| Year founded | 2,017 | 2,018 |
| 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. | Swyftx Pty Ltd (independent, Australian-owned; co-founders Alex Harper and Angus Goldman remain principal stakeholders) |
| Country of incorporation | Australia | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $50 | $0 |
| Minimum subsequent purchase | $50 | $1 |
| Deposit methods | Bank transfer, Debit card, Credit card, PayPal, Skrill, Neteller, POLi, Online banking | PayID, OSKO, Bank transfer, Credit/Debit card (Banxa), Credit/Debit card (Stripe), Apple Pay, Google Pay |
| Settlement period | T+2 ASX, T+1 US (settlement managed by the eToro Service custodian; user funds reflect immediately in eToro wallet) | — |
| 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) | Within minutes via Osko; up to 2 business days for standard bank transfer |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | No |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | No | Yes |
| 2FA support | SMS + authenticator app | authenticator |
| Customer support channels | Live chat (Club members only), Email / web ticket, Help centre | Live chat (in-app), Email, Callback |
| Support hours (AU time) | — | 24/7 |
| Education content | video + courses | structured courses |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| CGT calculator / report | Yes | Yes |
| 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 |