Admirals vs eToro
If you are reading this article, you’re likely having trouble deciding whether Admirals 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 Admirals vs eToro review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
|Feature and Platform||eToro (visit site)||Admirals (visit site)|
|CySEC, FCA, ASIC||CySEC, FCA, ASIC, FSCS|
Type of Broker:
|Market Maker||Market Maker|
U.S. Clients Allowed:
|1:30||1:30 Retail, 1:500 Professional|
Commissions / Spreads:
|Spreads||Variable spreads, starting at 1 pips|
|*78.00% of retail CFD accounts lose money||.|
Features and Platforms
Admiral Markets, rebranding into Admirals, continues to build its financial services firm based on trust.Traders have an upgraded MT4 and MT5 trading platform, five trading accounts, more than 8,000 instruments, and excellent research and educational offerings. eToro belongs to the leading social trading platforms and took the top spot when it comes to cryptocurrencies. It does not provide advanced trading platforms and only deploys its below-average proprietary alternative. eToro does not generate quality value-added services and relies entirely on its growing community, which comes at a high cost to traders.
|Type of Platform:||Web-based, Other||MetaTrader 4, MetaTrader 5, Other|
Guaranteed Stop Loss:
Guaranteed Limit Orders:
Interest on Margin:
The asset selection at Admiral ranks among the best overall choices among all brokers. CFD traders get 50 currency pairs, 32 cryptocurrencies, 28 commodities, 3,344 equities, 377 ETFs, 43 indices, and two bonds. Investors have 4,506 shares and 185 ETFs available to build their investment portfolios. Traders at eToro get 49 currency pairs but 93 cryptocurrency pairs, which remains the best selection among online brokers. eToro also provides 31 commodities, 2,000+ equity CFDs, and 13 index CFDs. While eToro offers a competitive selection of trading instruments, Admirals remains notably superior and provides nearly four times as many choices.
Typical Spreads and Fees
Admirals extends its leadership position with the cost structure. The commission-free trading account shows a minimum mark-up of 0.5 pips, which equals $5 per 1.0 standard lot. eToro has double the cost at 1.0 pips or $10. Admirals also has a commission-based alternative with raw spreads of 0.0 pips for a fee of $6.00. eToro charges 0.09% for equity CFDs, just below the average 0.10% at Admirals, but with a higher mark-up on prices. Swap rates on leveraged overnight positions exist at both, but eToro also levies an internal withdrawal cost of $5.00 plus third-party charges.
Security and Trust
Both brokers present traders with a secure and trustworthy trading environment and maintain clean regulatory track records. Admirals and eToro segregate client deposits from corporate funds and comply with AML/KYC stipulations. They offer negative balance protection and an investor compensation fund as mandated by regulators. Admirals and eToro remain authorized by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities & Investments Commission (ASIC). eToro also has a US-based subsidiary operating as a Money Services Business registered with FinCEN. Given their similarities, they rank on par with each other.
eToro vs Admirals – Verdict
Traders at Admirals manage their portfolios with a market leader among online brokers. With more than 8,000 assets, it caters to new traders and advanced clients alike. Adding a distinct competitive advantage is the MetaTrader Supreme Edition, which upgrades the substandard MT4/MT5 trading platforms to more advanced trading solutions. Leveraged CFD trading is available from a minimum deposit of $100, while unleveraged investment accounts commence from just $1. Completing the competitive trading environment is a quality research and education section, while the client-friendly cost structure ensures traders and investors maintain more of their profits. eToro relies exclusively on its active trading community for social trading. It also has a market-leading cryptocurrency selection. Traders must accept a notably higher pricing environment and the absence of value-added services. eToro only offers its below-average proprietary trading platform. Overall, eToro is unable to compete with the Admirals trading environment.
Is Admirals or eToro safer for Forex and CFDs trading?
Both brokers remain regulated by the same Tier 1 regulators and have a clean track record. Therefore, both provide an equally safe Forex and CFD trading environment, but Admirals has more experience than eToro.
How many Forex pairs and CFDs are available to trade?
Admirals features 50 currency pairs and 3,800+ CFDs. Almost 4,700 additional direct share dealing equities and ETFs are available. eToro counters with 49 currency pairs and 2,100 CFDs.
What about MetaTrader and copy trading?
Admirals provides traders with the MT4 and MT5 trading platforms, upgraded via its MetaTrader Supreme Edition suite. Both come with integrated copy trading services. eToro does not offer any of the MT4 trading platforms but deploys two distinct social trading services
Which broker is better for beginner traders?
New traders will benefit at Admirals and its educational section, absent at eToro.