eToro vs eOption, Updated for 2022
Read our In-Depth eToro vs eOption Review - 2022 Update
This eToro vs eOption 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 eOption 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.
eOption Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs eOption
Every online trading system will have some pros and cons, and no eToro and eOption review would be complete without having a balanced approach. Compare eToro and eOption to understand how they line 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 a reputable broker and are choosing between eToro or eOption. Which one is best in 2022?
Our eToro vs eOption comparison contains the most recent information so you can easily compare eOption against eToro.
If you are a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You will acquire proficient at all of the concepts of broker since you keep trading. For starters, you have to select the right agent who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. eToro and eOption are two such trading platforms that will take you along with your investment into great heights. It is crucial to compare eToro vs eOption before you trust them with your cash.
Our eToro vs eOption comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and eOption side by side.
Our entire eToro vs eOption Review covers all you need to know about trading with either eToro or eOption. A good broker can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a broker service that contrasts with your investing goals.
There is no sure-fire method to ensure profits; therefore, you should carefully assess your agent before you select them. It is a common misconception that all agents are exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments at risk.
eToro and eOption are both brokers that have forged their way successfully to the broker world. In this review, we have tried to collate some of the important facets of both eToro and eOption. This review will help you to understand whether either eOption or eToro is a good fit for your own investments or not. We have attempted to breakdown all the features and charges for your convenience.
Benefits of eToro and eOption Compared
eToro offers a minimum deposit of $50 while eOption offers a $500 minimum deposit.
Why smaller minimum deposits are good and how eToro and eOption 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 eOption allows you to trade around 100 financial instruments on their platform.
The more instruments you can trade on the eToro and eOption 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 seriously do not want to miss out on a trading opportunity due to the limitations of eToro or eOption.
eToro and eOption Contact Details
Being able to contact a broker easily is a sign of a professional broker. eToro and eOption have the following contact details and social medias that you can use.
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| Broker | eToro | eOption |
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| support@etoro.com | ||
| Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | |
| eToro Twitter Account | eOption Twitter Account | |
| eToro Facebook Page | eOption Facebook Page | |
| eToro Instagram Account | eOption Instagram Account | |
| eToro LinkedIn Page | eOption LinkedIn Page | |
| YouTube | eToro YouTube Channel | eOption YouTube Channel |
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eOption 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 eOption 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 crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
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 eOption - Awards
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| Broker | eToro | eOption |
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eToro have won a lot of industry awards over the years they have been operating as a financial broker. We show the most recognised awards for eToro below.
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At the time of writing this eOption review, and despite eOption’s impressive offering, the company has surprisingly not garnered any awards to date. |
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eToro vs eOption - Frequently Asked Questions
eToro vs eOption - Headquarters And Year Of Founding
eToro was founded in 2007 and has its headquaters in Cyprus, UK.
eOption was founded in 2008 and has its headquaters in USA.
What is the minimum deposit for eOption or eToro
The minimum deposit for eToro is $50.
The minimum deposit for eOption is $500.
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 eOption are a good choice.
eToro vs eOption - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
eOption is regulated by Unregulated.
eOption is unregulated but eToro has a powerful collection of rules for ensuring fair trading on its own platforms. For data encryption purposes, they supply industry-standard secure socket layer (SSL).
In accordance with their own privacy policy, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare eToro vs eOption Commission And Fees
eToro and eOption are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily influenced by the number of customers they have.
However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly 3 types of penalties for this purpose.
The first sort of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In such cases, you're spending a spread, financing rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are those that are charged when you maintain a leveraged position for more than daily.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake in your account. They are billed for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither eToro or eOption charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller amount. This can be beneficial for people who regularly trade, for example daily or weekly trading.
However, non-trading fees charged by eToro and eOption are relatively greater. Consequently, you are charged more for non-trading actions on your trading account, like withdrawal and deposits. These are not about the sale and purchase of resources.
This eToro vs eOption review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For eToro And eOption
What Languages Do eToro And eOption Support?
Being able to talk completely with your online platform is a key element when comparing trading platforms to find the best trading partner. 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 online.
Here you can find all the languages that both eToro and eOption support.
How Many Clients Do eToro and eOption Have?
Both eToro and eOption are well established with their customer base. It is really important to work with an online broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many users eToro and eOption are working with
What Payment Methods Do eToro and eOption Accept?
eToro and eOption 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 eOption
What Can You Trade With eToro and eOption?
eToro offers 100 trading instruments while eOption offers 274.
Below you will find a full breakdown of what both eToro and eOption offer.
Compare eToro To All Other Brokers
Compare eOption To All Other Brokers