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eToro vs CommSec
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Compare eToro vs CommSec Side by Side
Can’t pick between eToro and CommSec and have doubts of which broker is actually better? Use our detailed comparison guide of eToro Review and CommSec 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 | eToro | CommSec |
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Website | //www.etoro.com | //www.commsec.com.au |
Founded year | 2006 | 1995 |
Headquarter | Israel | Australia |
Licenses | UK, Australia, Cyprus, Seychelles | Australia |
Minimum Deposit | 50 US$ | US$500 |
Trading Platforms | eToro platform | CommSec, CommSecIRESS |
Eurusd avg Spread | 0.97 pip | Commission charge |
Licenses
Feature | eToro | CommSec |
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Licenses Countries Info (short) |
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Both eToro vs CommSec brokers have decades of experience in the market, are respected and reputable. However, CommSec holds only Australian license, compared to multiple top-tier licenses of eToro, that can definitely should be considered an advantage.
Broker Types
Feature | eToro | CommSec |
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Broker types |
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Both Brokers operate Market Making model making them equal, eToro execution is NDD and both brokers execution is high speed with no rejections. Also, in comparison to the STP brokers, Market Makers have less volatile quote allocation with a smoother offering.
Trading Conditions
Feature | eToro | CommSec |
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Trading Conditions |
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Trading conditions are similar with a slight advantage to eToro for offering copy and social trading to its traders.
Fees & Commissions
Fees & Commissions | eToro | CommSec |
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Inactivity Feemonth | $10 | 25 $ |
Deposit fee | 0$ | 0 $ |
Withdrawal fee | 5$ | 0 $ |
Rollover fee eurusd buy 1 lot | -0.00008269 | Commission charge |
Rollover fee eurusd sell 1 lot | 0.00001841 | Commission charge |
Avg Eurusd standard acc | 0.97 pip | Commission charge |
Gold | 4.5 | 0.40% |
Brent oil | 5 | 0.49% |
Bitcoin | 102.71 | ❌ |
Both eToro vs CommSec Brokers offer relatively low trading fees, but there are brokers’ pricing models to consider. CommSec trading fees are actually based on a commission basis, that are depending on the instrument you trade, as well as getting lower as long as your trading size increases.
Account Types
Feature | eToro | CommSec |
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Account types |
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eToro offers a Standard account, and additionally offers a Swap Free Account, which allows traders to open long-term positions. At the same time, CommSec offers a pretty unique way of investments, while there is not typical account opening but a tailored solution to trader’s investment.
Markets & Instruments
Markets & Instruments | eToro | CommSec |
---|---|---|
Forex | 52 | ❌ |
Indices | 21 | ❌ |
Commodities | 32 | ❌ |
Cryptocurrencies | 74 | ❌ |
Shares | 3203 | 2000+ |
Bonds | ❌ | ❌ |
Options | ❌ | ✔️ |
Binary options | ❌ | ❌ |
Spread betting | ❌ | ❌ |
Treasuries | ❌ | ❌ |
Futures | ❌ | ❌ |
Etfs | 325 | ✔️ |
Maybe it looks like the CommSec portfolio is particularly limited compared to eToro offer. However, apart from numerous trading instruments including Shares, Options, Cash, Fixed Income Securities, Equities, ETFs and International Funds, CommSec also allows enhancing your portfolio by unique offerings.
Trading Platforms
Feature | eToro | CommSec |
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Platforms |
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Both Brokers offer only own proprietary Trading Platforms. CommSec mainstays on its own powerful trading software with the same name, which is aggregated by the front-end technology and powerful feature, all packed with the utmost level of security. However, eToro has an advantage here by providing the platform with the concept of social trading, which offers clients to connect to trading communities and successful investors.
Deposit & Withdrawal Methods
Feature | eToro | CommSec |
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Payment methods |
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eToro vs CommSec deposit methods are quite similar, with the only difference of the bigger amount of e-wallet options offered by eToro.
Others
Feature | eToro | CommSec |
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Others |
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The level of customer support for both eToro vs CommSec stays at a high level and satisfies all the traders needs when it comes to live chats, phones, emails, etc. Both brokers developed comprehensive educational materials including webinars, learning guides and other supporting sources. There’s a minor disadvantage as we found eToro’s education materials and videos are not super comprehensive and rather medium or basic level.
Conclusion on CommSec vs eToro
Concluding XTB vs eToro comparison we found both brokers reliable and trustable with solid regulation and background. These brokers provide their own proprietary platform, good trading conditions and a great variety of trading instruments. However, we would give the preference to eToro for having a better regulatory backup and for offering social trading (and relatively better trading conditions). Here is our final recommendation:
- eToro – 🥇Best Broker for Social trading for a number of top traders and Best Industry Social Trading Broker
- CommSec – 🥇Best Commission Trading Broker for offering better conditions and low brokerage rates.