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AvaTrade vs eToro
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Compare AvaTrade vs eToro Side by Side
Can’t pick between Ava Trade and eToro and have doubts of which broker is actually better? Use our detailed comparison guide of Avarade Review vs eToro Review, which includes comparison of the safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | AvaTrade | eToro |
|---|---|---|
| Website | //www.avatrade.com | //www.etoro.com |
| Founded year | 2006 | 2006 |
| Headquarter | Ireland | Israel |
| Licenses | Ireland, Australia, Japan, South Africa, UAE, British Virgin Islands, Japan, Cyprus, Israel | UK, Australia, Cyprus, Seychelles |
| Minimum Deposit | US$ 100 | 50 US$ |
| Trading Platforms | MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial | eToro platform |
| Eurusd avg Spread | 0.87 pips | 0.97 pip |
Licenses
| Feature | AvaTrade | eToro |
|---|---|---|
| Licenses Countries Info (short) |
|
|
AvaTrade vs eToro Brokers both holding Australia license, which is considered to be safe and highly trusted. While both brokers also operate under other reputable jurisdictions like Japan, UK and Cyprus, making their offers really strong and available for traders all around the world.
Broker Types
| Feature | AvaTrade | eToro |
|---|---|---|
| Broker types |
|
|
AvaTrade is an ECN, STP/NDD Broker, which is better for price transparency and offering high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders, while eToro is a Market Maker Broker with faster in-house order execution.
Trading Conditions
| Feature | AvaTrade | eToro |
|---|---|---|
| Trading Conditions |
|
|
AvaTrade and eToro provide relatively similar trading conditions, both offering copy trading and being suitable for beginner traders. eToro restricts scalping strategies, but provides social trading which is quite an advantage. Meanwhile, low spreads are among AvaTrade’s perks.
Fees & Commissions
| Fees & Commissions | AvaTrade | eToro |
|---|---|---|
| Inactivity Feemonth | 0 $ | $10 |
| Deposit fee | 0 $ | 0$ |
| Withdrawal fee | 0 $ | 5$ |
| Rollover fee eurusd buy 1 lot | -0.0058% | -0.00008269 |
| Rollover fee eurusd sell 1 lot | 0.0058% | 0.00001841 |
| Avg Eurusd standard acc | 0.87 pips | 0.97 pip |
| Gold | 40 | 4.5 |
| Brent oil | 3 pips | 5 |
| Bitcoin | 0.75% | 102.71 |
AvaTrade has a bit lower fees than eToro, including low fees with 0$ commission, while eToro’s fees remain considerably elevated. At the same time AvaTrade has lower spreads compared to eToro.
Account Types
| Feature | AvaTrade | eToro |
|---|---|---|
| Account types |
|
|
While both AvaTrade vs eToro offer Standard accounts, eToro additionally offers a Swap Free Account, which allows traders to open long-term positions, and AvaTrade has an Islamic Account to offer for traders following Sharia laws with suited conditions and applicable laws available.
Markets & Instruments
| Markets & Instruments | AvaTrade | eToro |
|---|---|---|
| Forex | 55 | 52 |
| Indices | 23 | 21 |
| Commodities | 29 | 32 |
| Cryptocurrencies | 14 | 74 |
| Shares | 614 | 3203 |
| Bonds | 2 | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 59 | 325 |
The portfolios of trading instruments offered by AvaTrade vs eToro are very similar, except, eToro offers a bigger number of assets for each market group, while Avatrade additionally has Bonds in its offer.
Trading Platforms
| Feature | AvaTrade | eToro |
|---|---|---|
| Platforms |
|
|
Both Brokers offer proprietary platforms, however, MT4 and MT5 are present in AvaTrade offer that gives and opportunity to execute the orders with its advanced chartings and tools.
Deposit & Withdrawal Methods
| Feature | AvaTrade | eToro |
|---|---|---|
| Payment methods |
|
|
Payment methods offered by AvaTrade vs eToro are very much alike. Both brokers offer bank transfers, debit/credit cards, and some popular e-wallets.
Others
| Feature | AvaTrade | eToro |
|---|---|---|
| Others |
|
|
Both AvaTrade vs eToro take client satisfaction quite a priority and keep it at a professional level. However, there’s a minor disadvantage as we found eToro’s education materials and videos are not super comprehensive and rather medium or basic level, while AvaTrade clients can enjoy absolutely stunning education resources.
Conclusion on eToro vs AvaTrade
Concluding AvaTrade and eToro comparison we found both brokers are reliable and trustworthy with solid international offers and well-regulated nature. Both brokers provide good trading conditions and relatively low fees. Even though, eToro’s social trading is a great benefit, but a lower spreads and various trading platforms offered by AvaTrade would suit both beginner and professional traders. Here is our final recommendation:
- AvaTrade – 🥇Best Online Forex Trading Experience for offering high-tech access to an expanded range of the instrument and multiple platforms.
- eToro – 🥇Best Broker for Social trading for a number of top traders and Best Industry Social Trading Broker.
