AvaTrade vs eToro
AvaTrade and eToro side by side: costs, licences, platforms and scores.
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AvaTrade
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eToro
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| Broker | AvaTrade | eToro |
|---|---|---|
| Overall score | 8.0 | 7.8 |
| Regulation | 8.4 | 8.6 |
| Costs | 7.4 | 7.0 |
| Platform | 8.3 | 8.2 |
| Education | 8.0 | 7.8 |
| Support | 8.0 | 6.8 |
| Cost per lot EUR/USD | €8.29 | €9.22 |
| Typical spread EUR/USD | 0.9 pip | 1.0 pip |
| Commission | None | None |
| Minimum deposit | €100 | €50 |
| Regulator | CBI | CySEC |
| Platforms | MetaTrader 4, MetaTrader 5, Web trader, Proprietary | Web trader, Proprietary |
| Instruments | Forex, Indices, Commodities, Shares, ETFs, Crypto, Bonds | Forex, Indices, Commodities, Shares, ETFs, Crypto |
| Customer service | 24/5 via chat, phone, WhatsApp and email, in 15 languages | 24/6 via chat and the help centre |
| Founded | 2006 | 2007 |
Which one suits you?
Best for: Active traders who want to use MetaTrader
AvaTrade serves European clients from Dublin, licensed by the Central Bank of Ireland. You trade through MetaTrader 4, MetaTrader 5, a web trader or its own app, in more than 1,250 CFDs and vanilla options. Tight EUR/USD spreads, but steep fees if you stop trading for a while.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with AvaTrade. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Best for: Investors who also trade, or want to copy others
eToro combines CFDs on forex, indices and commodities with real shares, ETFs and crypto, and is known for CopyTrader. Its European entity is regulated by CySEC and the parent company is listed on Nasdaq. Less suitable if you want MetaTrader or mainly care about forex costs.
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 eToro. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.