Avatrade vs. eToro

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Is eToro better than AvaTradeOver the past months, we tested the top 30 forex brokers, and these two kept coming to the top of the list. But which is better? From our evaluation, eToro comes out on top because of its industry-leading copy-trading features for the more than 1,900 instruments they offer (including cryptocurrencies and CFDs). For all its strengths, eToro is on the pricier side.

All trading involves risk. More than 68% of investors lose money in Forex and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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AVAtrade logo

AVAtrade

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71% of retail CFD accounts lose money

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eToro

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77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

BROKER COMPARISON

AVAtrade logo
eToro logo

Overall rating

4,9/5

4,9/5

Overall rating

4,9/5

4,9/5

Trading Platform & Tools

4.9

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:400 1:20
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.9

4.8

See details
Withdrawal Fee 0 $5
Deposit Fee 0 0
Inactivity Fee $50 after every 3 months and $100 after every 12 months $10 a month after one year
Cost Per Trade 0 N/A
Cost Per Month 0 N/A
Forex (EUR/USD) 0.9 1.1 pip
Stocks & ETF 0 0
CFD (Gold) 3.4 5 pip
Crypto 0.35% 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

4.9

4.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

4.9

See details
Minimum deposit (in UAE) $100 $200
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

4.8

See details
Shares 0 2.800
ETF & Funds 0 0
Crypto 0 30
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 55 49
CFD Indices & Funds 91 250
CFD Stocks 612 2800
CFD Commodities 18 54
CFD Crypto 20 32
CFD Bonds 2 0
Binary Options 44 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

5.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.8

5.0

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Side-by-side comparisons of forex brokers is not a simple task to perform. Preparing for this annual broker review took hundreds of hours of research, testing, and direct communication with each of the 30 brokers.

Lowest Priced Broker

While this seems like it should be an easy question to answer, it isn’t. Forex and CFD brokers are notoriously vague about the details of their fees and pricing structures.

To gauge the real costs, we opened the same series of positions at both brokers and compared the total fees charged. In our comparison, AvaTrade came out the winner with lower overall pricing for traders.

Safest Broker

Without question, the most important question when choosing a broker is the safety of your funds. At Business24, we accessed 21 international regulator databases to track each CFD and forex broker. Would you like to know what we found out?

eToro holds 2 global Tier-1 licenses, while AvaTrade holds 3. eToro holds 1 global Tier-2 licenses, while AvaTrade holds 3. When the quality of each regulator is considered and averaged together, eToro earns a Reliability Score of 91% while AvaTrade earns a Reliability Score of 93%.

Best Trading Platform

eToro-financial.instruments

This is another difficult question to answer, as there are so many factors to consider when comparing trading platforms. But across the three main areas of mobile apps, research capabilities, and trading tools, eToro provides a better experience each time. That means, based on our evaluation, that eToro has a better trading platform.

However, if you are a trader who requires the use of MetaTrader 4 because of your trading style or other factors, then AvaTrade is the better broker for you. eToro does not offer MetaTrader 4.

Copy Trading

Both AvaTrade and eToro offer social trading for both forex and CFDs.

Most Complete Offering

The answer to this question depends on your trading focus and style. eToro offers 47 currency pairs (e.g., USD/EUR), compared to AvaTrade’s 60 currency pairs. So, if you focus on trading the largest number of currency pairs possible, then AvaTrade is your best option. However, AvaTrade only offers 681 CFDs, while eToro provides access to over 1,980 CFDs. That means you have nearly 1,300 more CFD possibilities with eToro!

Verdict

Based on our research, evaluation, and testing, eToro is the better forex broker.

eToro compared to other brokers:
eToro review

Disclaimer:
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. 77% 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.
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.

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