ETRADE Alternative
Xapo Bank vs. ETRADE - advantages of being a Xapo Bank member
Xapo Bank can be considered as an interesting ETRADE alternative. However, it is much more than a trading platform. It is a crypto-enabled bank based in Gibraltar. It allows its members to access global investment opportunities and grow their wealth. Xapo Bank offers USD and Bitcoin accounts with competitive interest rates and trading US stocks for non-residents.
- Open an account from anywhere - While ETRADE primarily accepts US residents only, Xapo Bank can serve members worldwide (except the US).
- Trade your favourite stocks directly - Xapo Bank allows to directly trade US stocks for non-residents with a transparent fee of 1%
- Spend money worldwide - Xapo Bank provides every member with a global debit card and does not charge any fees for FX transactions.
- Grow your wealth - Xapo Bank members benefit from 4.6% interest on USD deposits. ETRADE (Morgan Stanley) offers 3.75% annual interest on its savings account.
- Easily manage your wealth - Manage your USD and Bitcoin accounts, debit card, and stock portfolio from one place: the Xapo Bank App.
- Rest assured, your wealth is safe with us - Xapo Bank members' USD deposits are covered up to €100,000 under the Gibraltar Deposit Guarantee Scheme.
Xapo Bank: an ETRADE alternative for more control over your finances
It’s not always easy to trade US stocks for non-residents. Yet, it’s a very interesting option to look at if you want to grow your wealth while accessing global investments. However, the majority of trading platforms, like ETRADE, primarily serve US residents only. With Xapo Bank, you can buy and sell a selection of blue-chip US stocks from anywhere.
Besides allowing members to invest in the US stock market directly, Xapo Bank offers competitive rates on USD and Bitcoin accounts which come with an international debit card. Being a fully licensed crypto-enabled bank in Gibraltar, Xapo Bank applies the most advanced encryption and security protocols to ensure the safety of its members’ wealth.
All in all, Xapo Bank is a complete ETRADE alternative to consider if you are looking to grow your wealth safely. Learn more: xapobank.com.
Xapo Bank is a crypto-enabled bank licensed by the Gibraltar Financial Services Commission. We give our members access to a US Dollar and Bitcoin account, successfully bridging the gap between traditional banking and crypto. USDC deposits into Xapo are immediately converted to USD on a 1:1 basis, giving instant dollar cash value with zero exchange fees.