eToro vs CommSec

eToro
CommSec

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

FeatureeToroCommSec
Website//www.etoro.com//www.commsec.com.au
Founded year20061995
HeadquarterIsraelAustralia
LicensesUSA, UK, Australia, CyprusAustralia
Minimum Deposit200 US$500 US$
Trading PlatformseToro platformCommSec, CommSecIRESS
Eurusd avg Spread1 pipCommission charge

Licenses

FeatureeToroCommSec
Licenses Countries Info (short)
  • ASIC
  • CySEC
  • IE Singapore
  • FCA
  • NFA
  • ASIC

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

FeatureeToroCommSec
Broker types
  • Market Making
  • Market Making

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

FeatureeToroCommSec
Trading Conditions
  • beginners
  • floating spread
  • tight spread
  • auto
  • copy trade
  • hedging
  • social trading
  • beginners
  • commission
  • hedging
  • scalping

Trading conditions are similar with a slight advantage to eToro for offering copy and social trading to its traders.

Fees & Commissions

FeatureeToroCommSec
Inactivity Feemonth$1025 $
Deposit fee0$0 $
Withdrawal fee5$0 $
Rollover fee eurusd buy 1 lot-0.000129Commission charge
Rollover fee eurusd sell 1 lot0.000064Commission charge
Avg Eurusd standard acc1 pipCommission charge
Gold0.450.40%
Brent oil40.49%
Bitcoin0.75%

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

FeatureeToroCommSec
Account types
  • Standard Account
  • Swap Free Account
    -

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

FeatureeToroCommSec
Forex47
Indices13
Commodities14
Cryptocurrencies16
Shares20422000+
Bonds
Options✔️
Binary options
Spread betting
Treasuries
Futures
Etfs151✔️

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

FeatureeToroCommSec
Platforms
  • own platform
  • WebTrader
  • own platform

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

FeatureeToroCommSec
Payment methods
  • credit card
  • debit card
  • neteller
  • PayPal
  • skrill
  • credit card
  • debit card
  • BPay

eToro vs CommSec deposit methods are quite similar, with the only difference of the bigger amount of e-wallet options offered by eToro.

Others

FeatureeToroCommSec
Others
  • Webinar
  • Video Tutorial
  • telephone
  • live chat
  • 24/5 availability
  • Webinar
  • telephone
  • live chat
  • 24/5 availability

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 eToro vs CommSec

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.