eToro vs Expert Option

eToro vs Expert Option Comparison Table 2024
eToro	Expert Option
Review 4.1	Review 3.5
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available binary options brokers
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.	Expert Option is an offshore broker that offers a simple and intuitive trading experience through a bespoke, user-friendly platform. Short-term traders can access 100 popular assets via binary options contracts with payouts up to 95%, free educational resources, and market data available to upper-tier account holders.
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 Based on 2 eToro customer reviews	5 Based on 13 Expert Option customer reviews
Bonus Offer
	100% deposit bonus
Promotions
Get A $250 Bonus When You Deposit $5K With eToro
Comment by Reviewer
"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."	"Expert Option will suit aspiring traders who want to access the financial markets through an options broker with a very easy-to-learn bespoke platform. The user-friendly day trading platform is clear and reliable."
Pros
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	The broker offers an easy to use, beginner-friendly proprietary trading platform with 4 chart types and social trading features The diverse range of account currencies and 20+ accepted payment methods allow for flexible funding There's a decent range of educational resources, including trading strategies, webinars and platform tutorials The analytical tools for higher-level accounts are a useful addition for experienced day traders High payouts up to 95% are above the industry average There are no deposit and withdrawal fees which is ideal for active traders Minimum deposits are low, starting from $10
Cons
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	There's a very small list of binary assets with just 100 on offer compared to 1000+ offered by some competitors Expert Option isn't available in several countries, including the EU, Australia and the US The SVGFSA is a weak financial regulator with limited safeguarding measures Very expensive $50 dormancy fee after 3 months of no trading activity The broker doesn't offer any popular leveraged products such as CFDs
Awards
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
Stocks, ETFs, Options, Crypto	Options, Stocks, Commodities, Forex, Crypto, Futures,
Demo Account
Yes	Yes
Minimum Deposit
$10	$10
Trading Platforms
eToro Web CopyTrader TradingCentral	Expert Option Web Platform
Payment Methods
Debit Card iDeal Klarna Neteller Przelewy24 Rapid Transfer Skrill Sofort Swift Trustly Visa Wire Transfer	Bitcoin Payments FasaPay Flutterwave M-Pesa Maestro Mastercard Neteller Perfect Money Skrill UnionPay Visa WebMoney Wire Transfer
Minimum Trade
$10	$1
Regulator
FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF	SVGFSA
Margin Trading
Yes	No
Margin Rate
1%
STP Account
Yes	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
	iOS & Android
App Review
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.	Expert Option has an unusual mobile trading offering in that it balances education with trading, potentially serving new traders. However, our tests reveal very basic quizzes and learning materials that barely scratch the surface of binaries. The ‘Tap Game’ is also gimmicky and does little to serve serious traders.
Android App Rating
4	4.2
iOS App Rating
4.8	2.5
Auto Trading
Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do.	ExpertBot
Copy Trading
Yes	Yes
Copy Trading Platform
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.	You can study and copy the positions of established VIPs to increase potential returns. Users can find master traders based on asset class and historic returns. A useful leaderboard is available to social traders.
Social Trading
Yes	Yes
Trade Signals
Yes	Only for Platinum and Exclusive accounts
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10	$50
Islamic Account
Yes	No
Account Currencies
USD EUR GBP	USD
Stock Exchanges
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
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	Gold Platinum Silver
CFD Trading
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.	CFD trading not offered
Leverage
	N/A
FTSE Spread
1.5	N/A
GBPUSD Spread
1.9	N/A
Oil Spread
0.05	N/A
Stocks Spread
0.57 (Apple)	N/A
Forex Trading
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.	Expert Option traders can access some of the most popular forex pairs including USD/EUR, GBP/USD and GBP/EUR using binary options contracts that payout up to 95%, well above the industry average of around 85%.
Forex App
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
1.9	Variable
EURUSD Spread
0.9	Variable
EURGBP Spread
1.3	Variable
Assets
55	6
Currency Indices
USD
Cryptocurrency
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	Traders can speculate on Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) price movements using high/low binary options on a proprietary platform. These are three of the most popular cryptocurrencies on the market, but the offering lacks the variety and volatility offered by less popular tokens.
Spread
BTC 1%	$5 on any winning trades
Coins
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	BTC BCH ETH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Binary options trading not offered	Expert Option is a well-known binary options broker providing access to 100 assets with a $5 charge on winning trades. Payouts are competitive and users can speculate on rising or falling prices with one-click in the web-accessible platform. Binaries are aimed at ultra-short-term traders, ranging from 60 seconds to 5 minutes.
Payout
	95%
Expiry Times
	60 seconds - 5 minutes
Ladder Options
No	No
Boundary Options
No	Yes

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.