AvaTrade vs eToro

If you are reading this article, you’re likely having trouble deciding whether AvaTrade or eToro is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this AvaTrade vs eToro review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• AvaTrade vs eToro - Verdict

Feature	AvaTrade (visit site)	eToro (visit site)
Headquarter:	Ireland	Cyprus
Regulation :	MiFID, Central Bank of Ireland, FSA, ASIC, BVI, FFAJ, FSCA, ADMG - FRSA	CySEC, FCA, ASIC
Type of Broker:	ECN/STP	Market Maker
U.S. Clients Allowed:
Minimum Deposit:	$100	$50 - $10,000
Maximum Leverage:	1:400	1:30 (CySEC, FCA)
Commissions / Spreads:	Spreads	Spreads
Account 1:	Retail	Standard
Account 2:	Professional	Professional
Account 3:	Spread Betting
Account 4:	Standard
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages:	English Chinese Other	English Chinese 18+
Support Hours:	24/5	24/5
E-mail Support:
SMS Support:
Chat:
Broker Offers:	See what AvaTrade offers	See what eToro offers*74% of retail CFD accounts lose money

Features and Platforms

eToro is one of the leaders in the social trading sub-sector which gives it a significant advantage for traders who need a hand with their trading However, independent traders will likely be happier trading with AvaTrade's popular platforms. Still, eToro remains popular with new traders, especially millennial ones, who prefer to follow others from their mobile devices with a few clicks. In that regard, eToro executes its business model well. AvaTrade provides traders with five trading platforms and three social trading alternatives. The proprietary WebTrader of AvaTrade remains superior to the eToro trading platform. It also offers broader social trading choices and pulls further ahead with its educational division, especially once the spun-off SharpTrader comes into consideration.

Available Markets

While AvaTrade has the edge with trading platforms, eToro provides a bigger asset selection, but AvaTrade tops eToro with quality over quantity. In fact, at the time of this Forex broker comparison, AvaTrade offered more currency pairs with 55 versus just 46 at eToro. AvaTrade also offers more commodities and indices, with 24 and 26, than eToro, where 16 and 13 are available. eToro grants notably more cryptocurrencies than AvaTrade, 92 versus 14. It also provides over 2,000 equity CFDs and ETFs, while AvaTrade features just above 1,000 but offers 42 options contracts. eToro beats AvaTrade with quantity and provides superior experience for anyone seeking cross-asset diversification.

Typical Spreads and Fees

The minimum spread at AvaTrade is 0.9 pips versus 1.0 pips at eToro, which is minimal on an individual basis but adds up over volume and time. eToro advertises commission-free trading, which only applies to unleveraged buy orders. By comparison, AvaTrade grants commission-free trading across the board. The average mark-up is 0.13% at AvaTrade and eToro charges a 0.09% commission. Traders have to pay swap rates on leveraged overnight positions at both brokers. Where AvaTrade has a $50 monthly inactivity fee, versus $10 at eToro, eToro levies a $5 withdrawal fee and a 0.50% currency conversion cost, which does not exist at AvaTrade. Third-party payment processors apply at both brokers alike. Simply put, when it comes to spreads and fees, AvaTrade has a better offering than eToro.