eToro vs AvaTrade - Fees Review included

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Which broker is better eToro or AvaTrade? Our expert assessment conducted according to TU’s own methodology showed that eToro is one of the top brokers in the financial market with the TU Overall Score of 5.62 out of 10. AvaTrade is one of the top brokers in the financial market with the TU Overall Score of 7.1 out of 10. Find out more about TU Overall Score.

Feature eToro AvaTrade

Overall

4.8

4.6

Regulation

5.0

4.7

Fees

4.7

4.4

Trading Assets

4.9

4.4

Investment Instruments

5.0

4.2

Platforms and Charting Tools

4.1

4.6

Deposit and Withdrawal

4.5

4.7

Research

5

4.4

Education

4.3

4.8

Support

4.2

4.6

Bonuses

1

3.9

eToro review

AvaTrade review

Open an account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Open an account

Your capital is at risk.
71% of retail investor accounts lose money when trading CFDs with this provider.

eToro vs AvaTrade: Pros and Cons

The eToro broker is a very popular online platform for trading. Founded in 2007, the company operates as a social trading website that works with traders in dozens of countries.

AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.

eToro AvaTrade
Overall Pros Mobile app for trading from smartphones Highly regulated broker, licenced on the territory of 5 continents
Highly licensed and regulated broker a wide range of trading instruments
eToro charges a fixed withdrawal fee of $5 USD Swap-free account
The traders have access to the following trading offers: a copy trading service and ready-made portfolios with semi-automatic diversification Advanced copy trading tools
The funds of eToro clients are held at the licensed US banks A lot of educational content
Low fees
Optioins trading
Overall Cons Customer support can be only contacted by tickets customer service efficiency and response time
There is no ECN account
Market maker(dealing desk) type of broker

eToro vs AvaTrade: Safety and Regulation

Regulated By: eToro AvaTrade

US Regulation

Yes (eToro US)

No

FCA (Great Britain)

Yes

No

CySec (Cyprus, EU)

Yes

Yes

ASIC (Australia)

Yes

Yes

Other Regulators

Seychelles FSA

Central Bank of Ireland (No.C53877), B.V.I Financial Services Commission, South African Financial Sector Conduct Authority (FSCA No.45984), Japan - Financial Services Agency (License No.: 1662), the Financial Futures Association of Japan (License No.: 1574), Abu Dhabi Global Markets (ADGM), Israel Securities Authority (No. 514666577)

eToro vs AvaTrade: Trading Conditions

Trading Conditions eToro AvaTrade

Minimum Deposit

$50

$100

Trading Platforms

eToro

MT4, MT5, AvaTradeGo, AvaOptions

Max Leverage (Futures)

1:30

1-400

Supported Markets

Forex, Stocks, Indices, Commodities, Crypto

Currency pairs, Forex Options, CFDs on stocks, cryptocurrencies, indices, metals, commodities

Trading assets

1000+

100+

Trading Accounts

Standard, Demo

Standard, Professional account

Base Account Currencies

USD

EUR, USD

Learn more

Learn more

eToro vs AvaTrade: Fees

Forex Trading Fees

Fee eToro AvaTrade

Standard Account EURUSD Average Spread

1 pip

0.9 pips

Standard Account Fee

$0

$0

ECN/STP Account Fee

Not supported

Not supported

ECN Account EUR Average Spread

Not supported

Not supported

CFD Trading Fees

Fee eToro AvaTrade

CFD Trading Fee

Floating spread

Floating spread

Non-Trading Fees

Fee eToro AvaTrade

Account Fee

No

No

Deposit Fee

No

No

Withdrawal Fee

$5

No

Inactivity Fee

$10 per month after 12 months of inactivity

$50 per quarter after 3 months of inactivity

A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.

eToro vs AvaTrade: Trading Assets

Asset Name eToro AvaTrade

Overall

1000+

1000+

Forex

Yes

Yes

Stocks

Yes

Yes (CFD)

Metals

Yes

Yes (CFD)

Cryptocurrencies

Yes

Yes (CFD)

Energy

Yes (CFD)

Yes (CFD)

Indices

Yes

Yes (CFD)

ETFs

No

Yes (CFD)

Bonds

No

Yes (CFD)

Mutual funds

No

No

Stock options

No

No

Futures Trading

No

Yes

Binary Options

No

No

eToro or AvaTrade: Investment Programs

Asset Name eToro AvaTrade

Copy Trading

Yes

Yes

MAM/PAMM

No

No

Managed Accounts

No

Yes

Other

No

Bonds

Learn more

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Trading Platforms: AvaTrade or eToro

eToro AvaTrade

MT4

No

Yes

MT5

No

Yes

cTrader

No

No

Appropriate platform

eToro

AvaTradeGo, AvaOptions

Others

No

No

eToro review

AvaTrade review

Open an account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Open an account

Your capital is at risk.
71% of retail investor accounts lose money when trading CFDs with this provider.

eToro vs AvaTrade: Deposit and Withdrawal Methods

Deposit and Withdrawal Method eToro AvaTrade

Bank Transfer

Yes

Yes

Debit Card

Yes

Yes

Electronic Wallets

No

Yes (not for Australian and EU clients)

Crypto

No

No

eToro vs AvaTrade: Research

Research Type eToro AvaTrade

News Feed

Yes

Yes

Fundamental Data

Yes

Yes

Chart Analysis

Yes

Yes

Trading Ideas

Yes

Yes

E-Mail Reports

Yes

Yes

eToro vs AvaTrade: Education

Education Type eToro AvaTrade

Demo-account/Paper Trading

Yes

Yes

Webinars

No

Yes

Articles

Yes

Yes

Videos

Yes

Yes

Cent account

No

Yes

AvaTrade vs eToro: Support

Support Features eToro AvaTrade

Working Days

24/5

24/5

E-mail

Yes

Yes

Phone

No

Yes

Online chat

Yes

Yes

Other

No

No

eToro vs AvaTrade: Forex Bonuses and Promo

Promo eToro AvaTrade

Forex Bonus

No

The broker offers its customers a one-time bonus upon first deposit (not for all markets)

Affiliate Program

$100-250 per trader

A trader can receive up to 400 US dollars for inviting friends.

Other Promos

No

eToro review

AvaTrade review

Open an account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Open an account

Your capital is at risk.
71% of retail investor accounts lose money when trading CFDs with this provider.

Top 5 Reviews on AvaTrade

  • AvaTrade

    shsameer583@gmail.com

    27.03.2024

    Comment

    I mostly use AvaTrade for long-term stock investing, not day trading. Their fees seem reasonable for that, and they have a good selection of stocks to choose from. Can't speak for the other features like CFDs or options, but for basic stock investing, AvaTrade seems like a decent option. AvaTrade's mobile app is handy for checking on trades on the go, but it could be smoother. Sometimes it takes a while to load charts and info, which can be frustrating. Also, placing trades on the app feels a bit clunky compared to the desktop platform. Would be nice if they updated the app to be more user-friendly.

  • AvaTrade

    sanjeevika

    29.02.2024

    Comment

    While trading with AvaTrade, there was one incident. I opened a trade on the USD/CAD currency pair. The trading was going smoothly, and there were no important news releases. Suddenly, there was a sharp market movement that hit my stop-loss. The movement was 29 pips. Later, everything returned to normal, but I incurred a loss. Over the course of a month, I pursued the review of my claim and the cancellation of the losing trade. The company canceled the losing trade, acknowledging such movement as outside of the market. Overall, with AvaTrade, you can fight for and defend your rights.

  • AvaTrade

    ashan777

    12.02.2024

    Comment

    I requested a withdrawal from Avatrade at the end of the day and received my funds the next afternoon without delay or difficulty. I was pleasantly surprised by the speed of the transaction, especially considering that some companies delay payments for several months. Moreover, I make good profits from my trades on the Avatrade platform, which works flawlessly.

  • AvaTrade

    sochea1kh

    23.01.2024

    Comment

    Although I do not consider AvaTrade to be a scam company, I would not recommend starting trading here. Because my work with this broker did not end in the best way. Not only can AvaTrade limit a certain type of trading at any time, but there are also many problems with the platform. Therefore, I lost most of my deposit while trading.

  • AvaTrade

    sbhs715

    29.12.2023

    Comment

    Recently I noticed strange changes in trading conditions of AvaTrade. Spreads constantly increase to high values, which leads to large slippages when opening trades. This caused me some doubts, since I had previously worked with them for several months and had no such problems. I don’t really understand what happened with AvaTrade’s conditions.

Learn more

Top 5 Reviews on eToro

  • eToro

    sheedn14

    18.03.2024

    Comment

    Recently I completed a small experiment to test the performance of eToro and I am happy to share my conclusions. I made sure that the company really operates, quickly executes trades in the market, and withdraws profits. Although the eToro platform is not always perfect, it is still possible to make a profit on it.

  • eToro

    Albert

    11.03.2024

    Comment

    I've been searching for a broker for a long time to comfortably trade stocks, and I'm very glad I opened an account with eToro. A big advantage is that trading fractional shares is possible. The commission for traders is no higher than with other brokers, and customer support always responds quickly, and money transfers are fast—I work with a card.

  • eToro

    laolieu

    20.02.2024

    Comment

    I wouldn't consider eToro a top-tier broker. It's a rather mediocre platform that can experience glitches. However, it offers a wide range of assets, including cryptocurrencies, which is a plus. There's also the opportunity not only to earn income through investments but also to engage in trading oneself. Overall, eToro may be an acceptable option for some traders.

  • eToro

    hisharif

    05.02.2024

    Comment

    I could not decide which broker to work with for a long time. I chose eToro and everything seems to be fine. Maybe the amounts were small, but there were no problems with orders and withdrawal of funds. So far I am staying here.

  • eToro

    mantas1203

    30.01.2024

    Comment

    I am currently trading on eToro with various instruments. There are many good strategies here that you can subscribe to. I am still testing my skills in investments, so I understand that there may be mistakes. However, I like the eToro platform for its simplicity and features. There are many different payment systems available, but I use Skrill. For now, I am making a small profit from my investments.

Learn more

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

"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"

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

FAQs

What should I start Forex trading with?

It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.

What amount should I start trading with?

The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.

What should I take into consideration when choosing a broker?

Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.

Is it possible to be scammed by a broker with a license from a reputable regulator?

In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.

Mikhail’s motto: Learn something new and share your experience – never stop!