AvaTrade vs eToro

AvaTrade vs eToro Comparison Table 2024
AvaTrade	eToro
Review 4.9	Review 4.1
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.	eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 51% of retail accounts lose money.
	51% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Customer Reviews
4.3 Based on 4 AvaTrade customer reviews	4 Based on 2 eToro customer reviews
Bonus Offer
20% Welcome Bonus up to $10,000
Promotions
	Get A $250 Bonus When You Deposit $5K With eToro
Comment by Reviewer
"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."	"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."
Pros
WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools Recently introduced AvaFutures offers an alternative vehicle to speculate on over 35 markets with low day trading margins There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill The broker offers reliable 24/5 multilingual customer support with fast response times during testing AvaTrade is a heavily regulated and trustworthy broker with licenses from the ASIC, CySEC and more Day traders can access stable spreads and zero commissions with no hidden fees	The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat eToro has finally introduced EUR and GBP accounts, cutting conversion fees and providing a trading experience more tailored to local needs The broker's services are great for beginners, with commission-free stock trading, a low minimum deposit and an unlimited demo Charts are powered by TradingView and offer strong technical analysis features, including 9 chart types and over 100 indicators There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses eToro has bolstered its investment offering, most recently with new crypto assets, now offering over 90 digital currencies The web platform and mobile app perform better in user reviews and app rankings than top competitors, including AvaTrade Top copy traders can receive annual payments up to 1.5% of assets under copy in the broker's Popular Investor Program Exciting investment portfolios are available covering traditional market trends as well as tech, crypto and more eToro is a world-renowned brand with top-tier global regulation and a 25M+ user community
Cons
A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders It’s a shame that there are no rebate schemes for serious traders looking for additional perks - CMC Markets would be a better choice here There is no ECN account with raw spreads Traders from the US are not accepted	The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software There are no guaranteed stop loss orders which would be a useful risk management feature for beginners There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital Traders will face currency conversion fees for account denominations other than USD There are limited contact methods aside from the in-platform live chat
Awards
Best Mobile Trading Platform 2023 - Finance Derivative Best Educational 2023 - Global Business Magazine Best Overall Broker 2022 - DayTrading.com Best Trading App 2021 - DayTrading.com Best Forex Broker 2019 - DayTrading.com	Best Cryptocurrency Trading Platform 2022 - Finder Education Materials/Program 2022 - Investment Trends Best Copy Trading Platform 2021 - Ultimate Fintech Awards Best Multi-Asset Trading Platform 2021 - Ultimate Fintech Awards Best Stockbroker 2021 - Ultimate Fintech Awards Best Social Trading Platform 2019 - ADVFN International Financial Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures	Stocks, ETFs, Options, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$100	$10
Trading Platforms
WebTrader AvaTradeGO AvaOptions AvaFutures MT4 MT5 AlgoTrader TradingCentral DupliTrade	eToro Web CopyTrader TradingCentral
Payment Methods
Boleto Credit Card Debit Card FasaPay JCB Card Mastercard MoneyGram Neteller Perfect Money Skrill Swift WebMoney Wire Transfer	Debit Card iDeal Klarna Neteller Przelewy24 Rapid Transfer Skrill Sofort Swift Trustly Visa Wire Transfer
Minimum Trade
0.01 Lots	$10
Regulator
ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM	FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF
Margin Trading
Yes	Yes
Margin Rate
2%	1%
STP Account
Yes	Yes
ECN Account
No	No
DMA Account
Yes	No
MAM Account
Yes	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android
App Review
AvaTradeGO consistently impresses with its comprehensive mobile trading experience, boasting an interface that’s not just easy to use, but genuinely intuitive. Navigating the app is a breeze, ensuring fast access to hundreds of markets, including forex, stocks, indices, commodities, ETFs, and bonds. However, what sets AvaTradeGO apart is its AvaProtect™ feature, offering an unmatched level of risk protection that’s rare to find elsewhere.	eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.
Android App Rating
4	4
iOS App Rating
4.3	4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader	Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do.
Copy Trading
Yes	Yes
Copy Trading Platform
AvaTrade maintains a top position when it comes to social and copy trading tools. Traders can access the proprietary AvaSocial app as well as popular third-party platforms, DupliTrade and ZuluTrade. The comprehensive performance metrics can help you find the right strategy provider for your goals and risk appetite.	eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners. The latest 'Live Trades' feature also offers real-time insights into the securities being bought by the platform's popular investors.
Social Trading
Yes	Yes
Trade Signals
Yes	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$50	$10
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD	USD EUR GBP
Stock Exchanges
Australian Securities Exchange (ASX) Borsa Italiana Deutsche Boerse Euronext Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq Russell 2000 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Toronto Stock Exchange Taiwan Stock Exchange	Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dubai Financial Market Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange Nasdaq Nasdaq Nordic & Baltics National Stock Exchange Of India New York Stock Exchange Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Tokyo Commodity Exchange Taiwan Stock Exchange
Commodities
Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Lithium Natural Gas Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat	Aluminium Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Iron Lead Lean Hogs Lithium Cattle Livestock Natural Gas Nickel Oil Orange Juice Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat Zinc
CFD Trading
AvaTrade's 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on underlying assets in the broker’s feature-rich web and mobile platforms with market-leading research tools to help discover opportunities.	You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides.
Leverage
1:30 (Retail) 1:400 (Pro)
FTSE Spread
0.5	1.5
GBPUSD Spread
1.5	1.9
Oil Spread
0.02	0.05
Stocks Spread
0.13	0.57 (Apple)
Forex Trading
AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education.	An above-average selection of 55 currencies are available with reasonable spreads averaging 0.9 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators.
Forex App
AvaTrade provides AvaTradeGo for mobile trading. The app offers 1000+ markets, the ability to create watchlists and make trades. The AvaProtect™ feature even adds another layer of risk protection. Rated 4.2* , it is one of the more popular trading apps. Download it today.	eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.
GBPUSD Spread
1.5	1.9
EURUSD Spread
0.9	0.9
EURGBP Spread
1.5	1.3
Assets
50+	55
Currency Indices
USD	USD
Cryptocurrency
Regulated in five continents, AvaTrade offers a secure way to access crypto markets. There's a great range of digital currencies including Bitcoin, Ethereum and Ripple, plus a crypto index. You can access competitive crypto spreads in the broker's wide choice of platforms as well as 1:2 leverage.	eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 95+ tokens which is continually being updated. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Spread
BTC <1%, ETH 2%	BTC 1%
Coins
BCH BTC BTG ETH LTC XRP EOS DASH	BTC ETH BCH XRP DASH LTC ETC API3 CRO SKL IMX ADA MIOTA XLM EOS NEO TRX ZEC BNB XTZ DOT MKR COMP LINK UNI YFI DOGE AAVE FIL ALGO ATOM MANA APE LRC ENJ BICO BAT BNT OGN MATIC FLR GALA ALICE CHZ HBAR DYDX SOL THETA FTM GRT 1INCH CRV ANKR OXT REN SNX STORJ ZRX CELO SUSHI QNT BAL FET SHIBxM AMP AXS SGB CTSI ENS UMA LUNC FTT SRM LPT KNC ARB RNDR OP LDO
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	51% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.