eToro Alternatives: Pros & Cons Updated for 2022
This alternatives to eToro guide has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to eToro to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to eToro like freetrade, easyMarkets, and Uphold. They all provide the same, if not more, benefits to their clients. If you feel that eToro is not quite right for you then it would be worth getting a virtual account with a few of the top eToro alternatives and ensuring that they are a better fit for you before moving any money around.
The most complete guide to eToro alternatives on the web
There's many reasons eToro may not be a good fit for your trading needs. For whatever reason you are hunting for a better eToro alternative or eToro competitor with better services, we try to give you as much helpful information so you can make an informed decision. Below you can discover the most popular eToro alternatives.
For each of the below alternative to eToro, we also highlight the key differences to eToro and for each platform feature show you the best alternatives. For each eToro alternative online trading platform listed we also have detailed broker reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with eToro, find some great alternative brokersbrokers|online trading platforms|brokerages.
Trading with a reputable and dependable broker is important for your trading success. All of the eToro alternative brokers shown in this eToro alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
eToro has a minimum desposit of $50, you should see how the minimum deposit requirements of eToro compare with the minimum deposit requirements of eToro competitors. Online brokers offer lower minimum deposits to get traders to join with them, but having higher a minimum deposit requirement isn’t always a bad thing, it all depends on your individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
eToro |
$50 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| instaforex |
$250 |
Alternatives Offering Virtual Portfolio Accounts
eToro offers demo accounts so you can learn their systems before risking any real money. Newbie traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before signing up for a live account.
Below we list some of the best alternatives to eToro that has demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
eToro |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes |
Alternatives Offering Negative Balance Protection
eToro doesn't offer negative balance protection. If your balance is negative, eToro indicates you contact customer services. Then you are able to fix any imbalances within your account.
Below we detail some of the best alternatives to eToro that offer negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
eToro |
No | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes |
Alternatives Offering Guaranteed Stop Loss
eToro regrettably, does not provide guaranteed stop loss. eToro provides a chance for its dealers to close their trades at their given price. Apart from that, eToro does not offer guaranteed stop loss.
Below we show some of the top eToro alternatives that have guaranteed stop loss available for their users.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
eToro |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
No, the terms and conditions of eToro don't condone scalping. It is a trading technique that isn't permitted on the broker's platform. You can consult with eToro's provisions and conditions to read more about its own policies.
Below we show some of the top alternatives to eToro that allow scalping functionality to their clients.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
eToro |
No | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| IC Markets |
Yes | |
| ThinkMarkets |
Yes |
Alternatives That Allow Hedging
The stipulations of eToro do not allow hedging. It is a trading technique which is not permitted on the broker's platform. You can refer to eToro's provisions and conditions to see more about its own policies.
Below we list some of the top alternatives to eToro that allow hedging services to their client base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
eToro |
No | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| instaforex |
Yes | |
| IC Markets |
Yes |
Alternatives That Allow Social Trading
eToro's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading.
Below we show some of the best eToro alternatives that offer social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
eToro |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| instaforex |
Yes | |
| IC Markets |
Yes |
Alternatives That Allow Copy Trading
eToro's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is calculated social trading..
Below we detail some of the best eToro alternatives that offer copy trading to their clients
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
eToro |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| IC Markets |
Yes | |
| ThinkMarkets |
Yes |
Compare eToro To All Other Brokers