AvaTrade vs eToro Comparison
Compare trading conditions, commissions and platforms of Forex brokers AvaTrade and eToro. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - AvaTrade or eToro?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
AvaTrade
- Minimum deposit · USD
- 100 USD
- Different platforms
- MetaTrader 4
- MetaTrader 5
- WebTrader
- AvaTradeGO
- Different markets
- Bonds
eToro
- Minimum deposit · USD
- 200 USD
- Different platforms
- eToro
- Different markets
- None listed
Comparison Table of AvaTrade and eToro
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| Broker | AvaTrade | eToro |
|---|---|---|
| Foundation Year | 2006 | 2006 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Seychelles, United Kingdom, Cyprus, Australia, United States |
| Minimum Deposit |
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| Spread | from 0.6 points | from 1 points |
| Max Leverage | 1:400 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
AvaTrade Review
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
AvaTrade is in the top 10 of the following ratings:
eToro Review
eToro stands out from other brokers due to its unique combination of trading services and social features, making it particularly attractive to traders interested in innovative approaches to investing. Narrow spreads and the ability to buy securities in fractions simplify access to different assets, while the social network allows users to share strategies and copy trades of successful traders, which is a big plus for beginners and those looking for new investment ideas. The simple and intuitive interface makes the platform accessible even for those who are just starting their trading journey.
eToro is best suited for beginner traders who are looking to capitalize on the social aspects of trading and do not require complex individual trading account settings. The platform is also ideal for those looking for an active community to share ideas and strategies.
Pros and Cons of eToro
Pros
- A social network for traders.
- Good selection of trading instruments.
- Fractional shares purchasing.
- Narrow spreads.
Cons
- Only one trading account is available.
- eToro has its own trading platform, but there is no alternative to it.
- Poor customer support performance.
- Delays and hidden fees during fund withdrawal.
eToro is in the top 10 of the following ratings:
Reliability
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| Broker | AvaTrade | eToro |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2006 | 2006 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Seychelles, United Kingdom, Cyprus, Australia, United States |
| Regulators |
AvaTrade
AvaTrade is regulated in various countries by several leading financial regulators, providing high reliability.
eToro
eToro is regulated in several countries.
Pros
- Regulated by CySEC, FCA, ASIC and SEC.
- Global presence and access to a variety of markets.
- Licences for different activities, including cryptocurrency services in the US.
Account Opening
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| Broker | AvaTrade | eToro |
|---|---|---|
| Account Opening | 5/5 | 4/5 |
| Minimum Deposit |
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AvaTrade
The broker offers clients from different countries a straightforward, convenient, and quick account opening process.
eToro
Opening an eToro account is a straightforward process.
Pros
- Quick registration through Google.
- A clear verification process.
Cons
- A high minimum deposit in some countries.
- Verification may take up to three days.
Account Types
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| Broker | AvaTrade | eToro |
|---|---|---|
| Account Types | 3.5/5 | 2.8/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.6 points | from 1 points |
| Max Leverage | 1:400 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | Yes | Yes |
AvaTrade
AvaTrade has a decent trading account, but the absence of some critical options may not satisfy all trader needs.
Pros
- A free demo account is available.
- An Islamic account option is provided.
- The ability to copy trades.
Cons
- Lack of market execution of orders.
- No cent accounts.
- No fixed spread accounts.
eToro
eToro offers a basic range of account types that can meet many traders’ needs, though it may not cover more specialised requirements.
Pros
- A demo account for practice.
- An Islamic account designed to comply with Sharia principles.
- Copy trading.
Cons
- No fixed-spread accounts.
- No cent accounts.
- No ECN or STP accounts for direct access to the interbank market.
Commissions
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| Broker | AvaTrade | eToro |
|---|---|---|
| Commissions | 4.5/5 | 3.5/5 |
| Spread | from 0.6 points | from 1 points |
| Average Spread (EURUSD) | 0.9 | — |
| Commission | No data | No data |
AvaTrade
AvaTrade offers relatively low commissions with its competitive spreads and no charges for deposits/withdrawals.
Pros
- Low spreads.
- No deposit/withdrawal fees.
Cons
- Inactivity fee.
eToro
eToro offers competitive trading conditions, but traders should also consider non-trading fees.
Pros
- Tight spreads.
Cons
- A monthly inactivity fee.
- Withdrawal fees apply.
- Less favourable conditions than some other brokers and cryptocurrency exchanges.
Deposit and Withdrawal
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| Broker | AvaTrade | eToro |
|---|---|---|
| Rating | 4.2/5 | 3.5/5 |
| Account Funding Methods |
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AvaTrade
AvaTrade provides flexible and accessible methods for depositing and withdrawing funds, though processing times can be extended.
Pros
- Multiple methods for deposit and withdrawal.
- No commission on deposits and withdrawals.
- AvaTrade covers up to $100 of the bank transfer fee.
Cons
- Long processing time for bank transfers.
eToro
eToro offers a variety of deposit and withdrawal methods, with fees for some transactions and currency conversions.
Pros
- A wide range of deposit and withdrawal methods.
- No deposit fees for many payment methods.
Cons
- A USD 5 withdrawal fee.
- Additional currency conversion costs.
Markets and Products
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| Broker | AvaTrade | eToro |
|---|---|---|
| Markets and Products | 5/5 | 4.5/5 |
| Forex | 53 | 47 |
| Precious Metals | 7 | 7 |
| Energy Carriers | 5 | 2 |
| Soft Commodities | 7 | 4 |
| Indices | 46 | 13 |
| Stocks | 614 | 2500 |
| ETF | 61 | 250 |
| Bonds | 2 | - |
| Cryptocurrency | 20 | 112 |
AvaTrade
AvaTrade offers various financial instruments, including currency pairs, CFDs, stocks, ETFs, bonds, cryptocurrencies, etc.
eToro
eToro provides access to a wide range of financial instruments, including stocks, ETFs, forex, CFDs and cryptocurrencies, but some transactions lack full transparency.
Trading Platforms
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| Broker | AvaTrade | eToro |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| Trading Platforms |
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AvaTrade
AvaTrade provides various trading platforms: MetaTrader 4 and 5, WebTrader, and AvaTradeGO, giving traders flexibility in choosing the right tool for their trading strategies.
eToro
eToro’s platforms offer a user-friendly interface and basic trading features, but their analytical tools have limitations.
Pros
- Available as a web platform and mobile app.
- Integrated account management and trading features.
- Copy trading.
Cons
- A limited selection of indicators.
- Possible price discrepancies.
- No alternative trading platforms.
Analytics
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| Broker | AvaTrade | eToro |
|---|---|---|
| Rating | 5/5 | 4/5 |
AvaTrade
The broker provides good market analysis tools.
Pros
- Collaboration with Trading Central.
- Economic calendar.
- Trader's calculator.
eToro
The broker offers accessible technical analysis tools and trading ideas.
Pros
- Interactive charts.
- Trading ideas.
Cons
- A low-quality news feed.
- Limited analyst recommendations.
Education
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| Broker | AvaTrade | eToro |
|---|---|---|
| Rating | 5/5 | 4.8/5 |
AvaTrade
AvaTrade offers quality video tutorials and articles for traders of all levels.
Pros
- Quality materials.
- Educational resources available on the AvaTrade site.
eToro
eToro offers a broad range of educational materials, mostly in English.
Pros
- A wide range of educational materials.
- Daily market reviews.
- A detailed guide to the fintech industry.
Cons
- Most materials are available only in English.
Customer Support
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| Broker | AvaTrade | eToro |
|---|---|---|
| Rating | 5/5 | 2/5 |
| Email Support | ||
| Hotline Phones | ||
| Social Media |
AvaTrade
The broker's technical support offers various channels of communication and 24/7 availability.
eToro
eToro offers several support channels. However, user reviews report slow responses and ineffective assistance.
Comparisons of AvaTrade and eToro with other brokers
Conclusion
When choosing between AvaTrade and eToro, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: AvaTrade or eToro?
AvaTrade ranks higher than eToro in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: AvaTrade or eToro?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — AvaTrade or eToro?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with AvaTrade and eToro?
AvaTrade: MetaTrader 4, MetaTrader 5, WebTrader, AvaTradeGO. eToro: eToro. See the “Platforms” section for details and selection tips.
What markets can you trade with AvaTrade and eToro?
AvaTrade: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. eToro: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by AvaTrade and eToro?
AvaTrade: CFD. eToro: —. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by AvaTrade and eToro?
AvaTrade: Neteller, Skrill, PayPal, Google Pay, Bank Transfer, Visa, Mastercard, Maestro, JCB. eToro: PayPal, Neteller, Skrill, Klarna, Rapid Transfer, Sofort, Swift, Visa, Mastercard, Trustly, POLi. Check method-specific fees/settlement times.
Which broker is safer — AvaTrade or eToro — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
