eToro vs AvaTrade, Updated for 2022
Read our In-Depth eToro vs AvaTrade Review - 2022 Update
This eToro vs AvaTrade review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs AvaTrade review 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
Every online trading system has a few ups and downs, and no eToro and AvaTrade review would be complete without showing both sides. Compare eToro and AvaTrade to understand how they stack up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for an online trading platform and are choosing between eToro or AvaTrade. Which one is best in 2022?
Our eToro vs AvaTrade comparison contains the most recent information so you can easily compare AvaTrade against eToro.
If you are a new entrant in the world of trading and brokerages, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You'll acquire proficient at all of the concepts of broker as you keep trading. For starters, you have to select the right agent who'll be clear with you always.
In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. eToro and AvaTrade are just two such trading platforms that will take you and your investment into great heights. It is important that you compare eToro vs AvaTrade until you trust them with your cash.
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 all you will need to know about trading using either eToro or AvaTrade. A good agent can multiply your first investments and give you positive profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.
There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully assess your agent before you select them. It's a frequent misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.
eToro and AvaTrade are both brokers that have paved their way successfully to the brokerage world. Within this review, we've tried to collate some of the important facets of both eToro and AvaTrade. This review will allow you to know whether either AvaTrade or eToro is a fantastic fit for your own investments or not. We have tried to breakdown all the qualities and charges for your convenience.
Benefits of eToro and AvaTrade Compared
eToro offers a minimum deposit of $50 while AvaTrade has 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 has around 100 financial instruments while AvaTrade allows you to trade around 100 financial instruments available.
The more instruments you can trade on the eToro and AvaTrade trading 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 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 easily is important. eToro and AvaTrade have the following contact details and social medias that you can use.
|Telephone Number||+353 76 680 3327|
|Address||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|
|YouTube||eToro YouTube Channel||AvaTrade YouTube Channel|
|Find Out More||
AvaTrade and eToro Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver 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 average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 a lot of industry awards over the time they have been running as a financial broker. We list the most recognised awards for eToro here.
|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 head office 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 needs, 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 collection of rules for ensuring fair trading onto their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare eToro vs AvaTrade Commission And Fees
eToro and AvaTrade are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. That is, an online broker isn't necessarily influenced by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In these cases, you are spending a spread, funding speed, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight prices are people who are charged when you maintain a leveraged position for longer than a day.
Aside from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake on your accounts. They are charged for operations like depositing money, not trading for long periods, or withdrawals.
Generally, neither eToro or AvaTrade charge high fees in comparison to other online agents. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who regularly trade, such as daily or weekly trading.
However, non-trading fees billed by eToro and AvaTrade are comparatively higher. As a result, you are billed more for non-trading actions on your trading account, like deposits and withdrawal. These are not related to the purchase and sale of assets.
This eToro vs AvaTrade review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For eToro And AvaTrade
What Languages Do eToro And AvaTrade Support?
Being able to talk completely with your online broker is a key element when comparing trading platforms to find your perfect broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Here you will find the languages that both eToro and AvaTrade support.
How Many Clients Do eToro and AvaTrade Have?
Both eToro and AvaTrade are well established with their customer base. It is important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many clients 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.
Compare eToro To All Other Brokers
Compare AvaTrade To All Other Brokers
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?