eToro vs AvaTrade, 2024 Update
Read our In-Depth eToro vs AvaTrade Review - Updated for 2024
This eToro vs AvaTrade review has been refreshed to reflect any changes for 2024 by knowledgeable insiders boasting years of financial experience across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of eToro vs AvaTrade does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
AvaTrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs AvaTrade
All online trading platforms feature a few pros and cons, so a complete review of eToro and AvaTrade should not be regarded as thorough without having a fair assessment.
Assess eToro and AvaTrade to get a better understanding of how these platforms line up against one another before you create an account. Performing a side-by-side comparison will put things into perspective so that you're cognizant of the expectations.
So you are looking for a reputable broker and are choosing between eToro or AvaTrade. Who should you choose?
Our eToro vs AvaTrade comparison contains the most recent information so you can easily compare AvaTrade against eToro.
If you're a new entrant in the realm of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will get adept at all of the concepts of broker as you keep trading. For starters, you need to choose the ideal broker who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. eToro and AvaTrade are just two such platforms that will take you and your investment to great heights. It is important to compare eToro vs AvaTrade until you trust them with your money.
Our eToro vs AvaTrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and AvaTrade side by side.
Our full eToro vs AvaTrade Review covers everything you will need to learn about trading with either eToro or AvaTrade. A good agent can multiply your initial investments and provide you positive profits. If you would like to earn profits, you should trade with a broker service that aligns with your investment objectives.
There is no sure-fire way to guarantee profits; thus, you must carefully analyze your agent before you select them. It is a common misconception that all brokers are the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
eToro and AvaTrade are both brokers which have paved their way successfully to the broker world. Within this review, we've attempted to collate a number of the important facets of both eToro and AvaTrade. This review can help you to know whether either AvaTrade or eToro is a good fit for your investments or not. We have attempted to breakdown all the features and fees for your convenience.
Benefits of eToro and AvaTrade Compared
eToro has a minimum deposit of $50 while AvaTrade offers a $250 minimum deposit.
Why smaller minimum deposits are good and how eToro and AvaTrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro allows you to trade around 100 financial instruments while AvaTrade has around 100 on their platform.
The more financial instruments you can trade on the eToro and AvaTrade platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of eToro or AvaTrade.
eToro and AvaTrade Contact Details
Being able to contact your broker simply is vital. eToro and AvaTrade have the following contact details and social medias that you can use.
|+353 76 680 3327
|24th floor, One Canada Square, Canary Wharf, London, E14 5AB
|Ul. Postpu 15, Warsaw, Masovian Voivodeship 02-676, PL
|eToro Twitter Account
|AvaTrade Twitter Account
|eToro Facebook Page
|AvaTrade Facebook Page
|eToro Instagram Account
|AvaTrade Instagram Account
|eToro LinkedIn Page
|AvaTrade LinkedIn Page
|eToro YouTube Channel
|AvaTrade YouTube Channel
|Find Out More
AvaTrade and eToro Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing eToro and AvaTrade will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
eToro vs AvaTrade - Awards
eToro have won many industry awards over the years they have been running as a financial broker. We list the most notable awards for eToro below.
|At the time of writing this AvaTrade review, and despite AvaTrade’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
eToro vs AvaTrade - Frequently Asked Questions
eToro vs AvaTrade - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
AvaTrade was founded in 2006 and has its headquaters in The British Virgin Islands.
What is the minimum deposit for AvaTrade or eToro
The minimum deposit for eToro is $50.
The minimum deposit for AvaTrade is $250.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and AvaTrade are a good option.
eToro vs AvaTrade - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
AvaTrade is regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI).
Both eToro and AvaTrade have a strong set of rules for ensuring honest trading on their individual platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare eToro vs AvaTrade Commission And Fees
eToro and AvaTrade are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily affected by the amount of customers they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three different types of penalties for this objective.
The first sort of fees to look out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In such cases, you're spending a spread, financing rate, or even a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight prices are people that are charged when you hold a leveraged position for more than daily.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake on your accounts. They are charged for operations like depositing money, not trading for long periods, or withdrawals.
In general, neither eToro or AvaTrade charge high fees in comparison to other online agents. For operations other agents fee for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who often trade, such as daily or weekly trading.
But, non-trading fees billed by eToro and AvaTrade are relatively competitive. As a result, you are billed more for non-trading activities in your trading account, like deposits and withdrawal. These are not related to the purchase and sale of assets.
This eToro vs AvaTrade review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For eToro And AvaTrade
What Languages Do eToro And AvaTrade Support?
Being able to chat easily with your online broker is a key element when comparing brokers to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their application as it is a key factor to success when trading forex.
Below you will find all the languages that both eToro and AvaTrade offer communication in.
How Many Clients Do eToro and AvaTrade Have?
Both eToro and AvaTrade are well established with their client base. It is really important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many customers eToro and AvaTrade are active on their platform
What Payment Methods Do eToro and AvaTrade Accept?
eToro and AvaTrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and AvaTrade
What Can You Trade With eToro and AvaTrade?
eToro offers 100 trading instruments while AvaTrade offers 250.
Below you will find a full breakdown of what both eToro and AvaTrade offer.
eToro vs AvaTrade:
Table Of Contents
- Compare eToro vs AvaTrade
- Benefits of eToro and AvaTrade Compared
- AvaTrade and eToro Mobile App Comparison
- eToro vs AvaTrade - Awards
- eToro vs AvaTrade - Frequently Asked Questions
- What is the minimum deposit for AvaTrade or eToro
- eToro vs AvaTrade - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And AvaTrade
- What Languages Do eToro And AvaTrade Support?
- How Many Clients Do eToro and AvaTrade Have?
- What Payment Methods Do eToro and AvaTrade Accept?
- What Can You Trade With eToro and AvaTrade?