Is eToro better than AvaTrade? Over the past 5 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 in 2020 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 75% 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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Overall Rating

Regulation

All trading involves risk. More than 78% 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.

Tier-1 Licenses

Investments

Cost

Funding

Trading Platforms

Trading Tools

Mobile Trading

Research

Education

Major Forex Pairs

Overall

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

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 UAE 
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• Plus500 vs eToro
• XM vs eToro
• IQ Option vs eToro
• eToro vs Pepperstone
• eToro vs Interactive Brokers
• eToro vs Forex.com
• eToro vs City Index
• eToro vs FXCM
• eToro vs TD Ameritrade
• eToro vs Swissquote
• eToro vs CMC Markets
• eToro vs OandA
• eToro vs Tickmill
• eToro vs FxPro
• Day trading with eToro
• eToro markets
• eToro copy trading
• eToro Webtrader
• eToro take profit
• eToro hidden fees
• eToro withdrawing process
• eToro review
• eToro Fees Explained
• eToro minimum deposit
• eToro account opening
• eToro trading app
• eToro customer service
• eToro is it legit
• eToro is it free
• Is eToro good for beginners
• How To Buy/Sell Silver On eToro

Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet 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.