Home Brokers comparison AvaTrade Vs. eToro In 2020

AvaTrade Vs. eToro In 2020

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Is eToro better than AvaTradeOver 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 70% 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.

avatrade-logo etoro-logo

High Bonuses, Now With Low Spreads! Free Social Trading and Low Fees

Overall Rating

Feature

AvaTrade eToro

Overall

⭐️⭐️⭐️ ⭐️⭐️⭐️⭐️

AvaTrade Review

eToro Review

71% of retail CFD accounts lose money 66% of retail CFD accounts lose money

Regulation

Feature

AvaTrade eToro

Trust Score

93 91

Year Founded

2006

2007

Publicly Traded (Listed)

🚫 🚫

Bank

🚫 🚫

Tier-1 Licenses

2

2

Tier-2 Licenses

1 1

Tier-3 Licenses

0 0

Authorized in the European Union

All trading involves risk. More than 70% 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

Feature

AvaTrade eToro

ASIC Authorized (Australia)

IIROC Authorized (Canada)

🚫

SFC Authorized (Hong Kong)

🚫 🚫

FSA Authorized (Japan)

🚫

MAS Authorized (Singapore)

🚫

🚫

FINMA Authorized (Switzerland)

🚫 🚫

FCA Authorized (UK)

🚫

CFTC Registered (USA)

🚫 🚫

Investments

Feature

AvaTrade eToro

Forex: Spot Trading

Social Trading / Copy-Trading

Currency Pairs (Total Forex pairs)

60

47

CFDs – Total Offered

681 1980

Cryptocurrency traded as actual

🚫

Cryptocurrency traded as CFD

Offering of Investments

⭐️⭐️⭐️ ⭐️⭐️⭐️⭐️

Winner

Cost

Feature

AvaTrade eToro

Average Spread EUR/USD – Standard

0.92 (as of Mar 2020) 3 (Mar 2020)

All-in Cost EUR/USD – Active

0.62 (Mar 2020)

N/A

Active Trader or VIP Discounts

Commissions & Fees

⭐️⭐️⭐️⭐️ ⭐️⭐️⭐️

Winner

Funding

Feature

AvaTrade eToro

Minimum Initial Deposit

$100 $200

Bank Wire (Deposit/Withdraw)

Visa/Mastercard (Credit/Debit)

PayPal (Deposit/Withdraw)

Skrill (Deposit/Withdraw)

Trading Platforms

Feature

AvaTrade eToro

Proprietary Platform

Desktop Platform (Windows)

🚫

Web Platform

Social Trading / Copy-Trading

MetaTrader 4 (MT4)

🚫

MetaTrader 5 (MT5)

​✅

​🚫

cTrader

🚫 🚫

Trading Tools

Feature

AvaTrade eToro

Virtual Trading (Demo)

Alerts – Basic Fields

Watchlists – Total Fields

0

6

Charting – Indicators / Studies (Total)

23

66

Charting – Drawing Tools (Total)

31

13

Charting – Trade From Chart

​✅

​🚫

Charting – Drawings Autosave

​✅

Order Type – Trailing Stop

​✅

​✅

Platform & Tools

⭐️⭐️⭐️

⭐️⭐️⭐️⭐️

Winner

​✅

Mobile Trading

Feature

AvaTrade eToro

Android App

Apple iOS App

Trading – Forex

Trading – CFDs

Alerts – Basic Fields

🚫

🚫

Watch List

🚫

Watch List Syncing

🚫

Charting – Indicators / Studies

93

5

Charting – Draw Trend Lines

​🚫

​🚫

Charting – Trend Lines Moveable

​✅

🚫

Charting – Multiple Time Frames

​✅

Charting – Drawings Autosave

🚫 🚫

Forex Calendar

🚫 🚫

Mobile Trading

⭐️⭐️⭐️ ⭐️⭐️⭐️⭐️

Winner

Research

Feature

AvaTrade eToro

Daily Market Commentary

Forex News (Top-Tier Sources)

🚫

🚫

Weekly Webinars

🚫

​🚫

AutoChartist

🚫

Trading Central (Recognia)

🚫

🚫

Delkos Research

🚫

🚫

Social Sentiment – Currency Pairs

🚫

Economic Calendar

Research

⭐️⭐️⭐️

⭐️⭐️⭐️⭐️

Winner

Education

Feature

AvaTrade eToro

Has Education – Forex

Has Education – CFDs

🚫

🚫

Client Webinars

🚫

Client Webinars (Archived)

🚫

Videos – Beginner Trading Videos

Videos – Advanced Trading Videos

Investor Dictionary (Glossary)

Education

⭐️⭐️⭐️⭐️

⭐️⭐️⭐️⭐️

Winner

Major Forex Pairs

Feature

AvaTrade eToro

GBP/USD

USD/JPY

EUR/USD

USD/CHF

USD/CAD

NZD/USD

AUD/USD

Overall

Feature

AvaTrade eToro

AvaTrade Review eToro Review

Overall

⭐️⭐️⭐️

⭐️⭐️⭐️⭐️

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

eToro-overview

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