Updated October 17, 2026 · VaultCue Editorial Team
eToro vs Qonto
eToro
Higher score in this comparison
Qonto
Where eToro and Qonto differ
| Compare | eToroReviewVisitVisit | QontoReviewVisitVisit |
|---|---|---|
| Headline rate | 3.8%Higher | 1.5% |
| Minimum deposit | $1 to $10,000 | €0 |
| Access terms | Interest on USD cash balance, no lock-in, withdraw at any time, calculated daily and paid monthly | Instant access to the money, no notice period; remuneration activated in the app, calculated daily on the total balance and paid on the 2nd of each month; requires at least 5 eligible payment transactions of at least 1 EUR per month |
| Monthly fee | $0 | €19 |
Same on both: Rate type (Variable), Deposit protection (EU DGS up to EUR 100,000), Account kind (Cash management).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- eToro scores higher overall: 8.9 vs 8.7.
- Founded is lower at eToro: 2007 vs 2017.
- eToro is licensed in 6 more countries.
- eToro is available in 4 more countries.
- Headline rate is higher at eToro: 3.8% vs 1.5%.
- Support channels: only Qonto offers Chat, Phone, Email.
Our verdict on each
eToro
The retained provider fee page attributes the UK GBP account to eToro Money UK Ltd.
Qonto
Qonto suits businesses and freelancers who want their day to day banking in one app and will not chase the highest rate. The monthly fee of €19 is the trade off, and the 1.5% headline rate ranks 350 of 473 brands.
Score breakdown
| Area | eToro | Qonto |
|---|---|---|
| Cost | 9.0Higher | 8.8A monthly fee of €19 on the standard plan and a minimum deposit of €0, against a site median of €0 |
| Offer | 8.7 | 9.1HigherHeadline rate of 1.5% is variable and sits at 350 of 473 |
| Trust | 9.0Higher | 8.3 |
Licences and countries
| Country | eToro | Qonto |
|---|---|---|
| Australia | Not confirmed | |
| Cyprus | Cyprus Securities and Exchange Commission (CySEC) MiCA CASP 213800GIFQMSV7HROS23 | Not confirmed |
| France | Not confirmed | FR_ACPR PSD_PI FR_ACPR!68677 |
| Malta | Not confirmed | |
| Seychelles | Not confirmed | |
| United Arab Emirates | Not confirmed | |
| United Kingdom | Not confirmed | |
| United States | SIPC SIPC member 70212 | Not confirmed |
Additional countries for eToro: 12. Additional countries for Qonto: 8.
Sources behind this comparison
eToro
- etoro.com: 10 facts, checked September 26, 2026
- esma.europa.eu: 2 facts, checked September 26, 2026
Qonto
- qonto.com: 9 facts, checked September 26, 2026
- euclid.eba.europa.eu: 2 facts, checked September 26, 2026
How they place
| Ranking | eToro | Qonto |
|---|---|---|
| Cash management accounts | 1 of 45 | 3 of 45 |
Every fact side by side
| Fact | eToro | Qonto |
|---|---|---|
| Pricing model | No monthly fee | Not confirmed |
| Legal entity | eToro (Europe) Ltd | QONTO |
| Headquarters | Cyprus | France |
| Founded | 2007Lower | 2017 |
| Support channels | Help centre | Chat, Phone, Email, Help centreCovers more |
Everyday accounts
| Fact | eToro | Qonto |
|---|---|---|
| Licence type | Not confirmed | Payment institution |
| Currency conversion fee | 0%Lower | 0.8% to 1.8% |
| Currencies | 5 | from 30 |
| Audience | Not confirmed | Business, Freelancer |
| Features | Free ATM | Digital only |
| Local account details | Not confirmed | IBAN |
| Free ATM withdrawals | £2,000 to £10,000 | Not confirmed |
| Transfer fee | SEPA transfers in and out free; withdrawals from local currency account free, USD investment account $5 | 30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan) |
Where each stands against the rest
| Fact | eToro | Qonto | Median |
|---|---|---|---|
| Headline rate | 3.8%above the median | 1.5%lowest quarter | 3.25% |
Median across 658 listed accounts.
Pros and cons
eToro
Pros
- Access to shares, funds and crypto through one platform
- Fractional shares for smaller purchases in higher priced companies
- Data and analysis tools alongside views from the investor community
Cons
- Investment values can fall, so holdings may end below their starting value
- Copying other investors can bring risks that are hard to judge
Qonto
Pros
- Minimum deposit of €0, so the account opens without tying up money
- Support runs on chat, phone and email
- Currency conversion of 0.8% to 1.8% suits frequent international invoicing
Cons
- The monthly fee of €19 makes it expensive for anyone holding a small balance
- The account is digital only, so there is no branch to visit
- The 1.5% rate is only paid while the transaction condition is met
Who each suits
eToro
Who it suits
- Readers identifying the provider named for eToro’s UK GBP account.
Who should look elsewhere
- People who need savings protected from market moves
- Investors who prefer a single product with a fixed return
Qonto
Who it suits
- Freelancers and sole traders billing across borders
- Small businesses paying and receiving in several currencies
- Anyone who wants their accounts, cards and invoices in one app
Who should look elsewhere
- Anyone saving mainly for yield, since the 1.5% rate is variable and ranks 350 of 473
- People who want to hold a large balance while paying nothing, given the monthly fee of €19
- Anyone who prefers a branch, as the account is digital only
Current offers
Qonto
Current offer
Bonus
Up to 5% AER account remuneration for 2 months for new customers: 5% AER for 2 months, then 1.5% AER on the Smart plan
New customers only, first 2 months of the contract, on plans Smart and above; requires at least 5 eligible payment transactions of at least 1 EUR per month; remuneration capped at 50,000 EUR on Smart and 100,000 EUR on Premium; Account Remuneration currently available in France, Spain, Italy and the Netherlands
Source, checked September 26, 2026
Free trial
1-month free trial on business account plans: 1 month free
Offered on the Basic, Smart and Premium business account plans, prices excl. VAT
Source, checked September 26, 2026
Country by country
| Country | eToro | Qonto |
|---|---|---|
| Australia | Yes | No |
| Austria | No | Yes |
| Belgium | No | Yes |
| Cyprus | Yes | No |
| France | No | Yes |
| Germany | No | Yes |
| Gibraltar | Yes | No |
| Guernsey | Yes | No |
8 of 20 countries where either is available.
Questions about each
eToro
What kinds of assets can investors reach?+
Investors can reach shares from many exchanges around the world, along with exchange traded funds and crypto assets. Fractional shares open higher priced companies to smaller purchases. Each holding can be sized around personal goals, with the data and analysis tools offering context for those choices.
Where does the company operate and who holds the accounts?+
The company serves a global community of investors across many markets. Its licences cover key markets, so the local status of an account depends on the country involved. Anyone thinking of investing should confirm which company entity holds their account before depositing money.
Qonto
How much does Qonto cost each month?+
The standard plan charges a monthly fee of €19. SEPA transfers are included up to a set monthly allowance, and each transfer beyond it carries a small fixed charge. Currency conversion adds 0.8% to 1.8% on converted payments.
Is there a minimum deposit to open a Qonto account?+
There is no minimum, and the stated minimum deposit is €0. The account can therefore be opened and funded with a small balance, which suits a new business or a first freelance invoice.
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