eToro vs AvaTrade: a thorough comparison
Picking the right trading platform is crucial for anyone serious about investing. With countless options available, deciding which will best suit your needs can be tough. Among the most talked-about platforms are eToro and AvaTrade, each boasting unique features and advantages. Whether you’re a beginner looking for simplicity or an experienced trader seeking advanced tools, it’s important to understand what each platform offers. In this article, we’ll thoroughly compare eToro and AvaTrade, examining their features, fees, usability, customer support, and overall performance to help you make an informed choice.
eToro vs AvaTrade: key features comparison
| eToro vs AvaTrade | eToro | AvaTrade |
|---|---|---|
| Regulation | FCA (UK), CySEC (Europe), De Nederlandsche Bank (Europe), AMF (Europe), ADGM (Middle East), ASIC (Australia), FSAS (Seychelles), FinCEN (USA), and Gibraltar FSC (Gibraltar). | CySEC, PFSA, ASIC, BVIFSC, FSA Japan, KLFB Japan, FSCA, ADGM FRSA, ISA. |
| Platforms | eToto Web platform and mobile app. | MT4, MT5, WebTrader, AvaOptions, AvaSocial (CopyTrading platform), AvaTradeGo, and Auto Trading platforms like DupliTrade. |
| Accounts | Personal (Retail) account, Professional account, Corporate account, Islamic account, вemo account. | Live (real), Islamic, and demo accounts. |
| Trading instruments | Over 5000 instruments from a wide range of asset classes: stocks, indices, ETFs, currencies, commodities, and Crypto assets. | More than 250 instruments on various platforms, including more than 60 currency pairs, major stock indices, Cryptocurrencies, commodities (such as gold, silver, sugar, and coffee), bonds, individual shares, and ETFs. |
| Analytics and education | eToro academy, news and analysis, eToro plus, digest & invest by eToro, retail investor beat. | Webinars, educational videos and tutorials, written guides and articles, market analysis and research, and economic calendar. |
| Support | 24/7 support coverage. Email, live chat, phone. | 24/7 support coverage. Email, live chat, phone. |
| Bonuses | eToro occasionally offers first deposit bonuses to clients (depending on the country of residents). For the latest promotions, check their website. | Occasionally, they issue welcome bonus promotions dedicated to new clients (depending on the country of residents). |
| Minimum deposit |
In many countries, you can start investing with a minimum deposit of US $50 (in Italy and the UK the minimum deposit is $100). |
$100 |
| Commissions | eToro offers commission-free stock and ETF trading with flexible investment options starting from $10, no additional fees, except for FX fees on non-USD transactions, and a nominal $5 withdrawal fee; transparent 1% fee for Crypto trading; and competitive spreads for CFD trading with possible overnight fees. | AvaTrade earns through Bid/Ask spreads included in quoted rates, with additional fees like Overnight Premium, Inactivity Fee, and Administration Fee, varying by currency account and subject to change. |
| Deposits and withdrawals | Debit cards, bank transfers, e-wallets, and eToro Money solutions. | Credit cards, debit cards, wire transfers, and various e-payment solutions. |
| Social trading/copy trading | eToro Copy trader. | AvaSocial. |
| VPS | — | — |
| Minimum lot size | For eToro users, the minimum trade sizes include $10 for stocks, ETFs, and crypto, and $1,000 for currencies, commodities, and indices, and this minimum encompasses leverage. | 0.01 lot. |
| Leverage (max) | For retail clients of eToro (Europe) Ltd, eToro (UK) Ltd, and eToro AUS Capital Limited, the maximum leverage is x30 for major currency pairs, while for clients of eToro (Seychelles) Ltd, it’s x400. | Up to 30:1. |
eToro and AvaTrade: summary
In comparing eToro and AvaTrade, eToro offers a broader range of regulatory oversight and account types, including commission-free trading for stocks and ETFs with flexible investment options. At the same time, AvaTrade provides a variety of trading platforms and instruments, including more than 60 currency pairs and various educational resources. Both platforms offer 24/7 customer support and occasionally issue welcome bonuses. Yet, eToro requires a lower minimum deposit and has transparent fee structures, while AvaTrade’s fees can vary depending on the account type and currency. Additionally, eToro’s leverage can reach up to x30 for major currency pairs, contrasting with AvaTrade’s maximum leverage of up to 3.
eToro and AvaTrade: Top FX brokers
eToro
eToro is a popular online trading platform, famous for its easy-to-use interface and Social trading features. Regulated by authorities like the FCA (UK), CySEC (Europe), and ASIC (Australia), eToro ensures a high level of security. It offers commission-free trading for stocks and ETFs, with a low minimum deposit of $50 in many countries, making it accessible to many (for example, in Italy and the UK the minimum deposit is $100).
The eToro Academy and extensive news and analysis tools help users make informed decisions. Its standout feature is social trading, allowing users to copy trades from successful investors. eToro offers various account types, including personal (retail), professional, corporate, Islamic, and demo accounts. However, leverage is limited to x30 for retail clients in Europe, which might not suit everyone.
AvaTrade
AvaTrade is a well-established trading platform with a wide range of instruments and multiple platforms like MT4, MT5, and AvaTradeGo. It’s regulated by bodies such as CySEC, ASIC, and the FSA Japan, ensuring a secure trading environment. With a $100 minimum deposit, it offers competitive spreads and account types, including live, Islamic, and demo accounts. AvaTrade provides strong educational resources like webinars and tutorials to help traders improve their skills. Social trading is available through AvaSocial, letting users follow and copy trades from experienced investors.
AvaTrade earns through bid/ask spreads and additional fees such as overnight premiums and inactivity fees. The platform offers leverage up to x400 for major currency pairs for clients of AvaTrade (Seychelles) Ltd, appealing to those looking for higher exposure, although the extra fees might be a drawback for some.
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Risk disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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.
eToro vs AvaTrade - FAQ