eToro vs selftrade, Who's The Best?
Read our In-Depth eToro vs selftrade Review - 2024 Update
Our eToro vs selftrade review has been updated for 2024 from knowledgeable insiders with considerable expertise across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of eToro vs selftrade 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.
selftrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs selftrade
Each online trading platforms has a few ups and downs, so any comprehensive eToro and selftrade review would not be complete without having an objective perspective.
Examine selftrade and eToro in order to understand just how they line up with each prior to you create an account. A comparative analysis can bring aspects into perspective to ensure that you remain informed about the expectations.
So you are looking for an online trading platform and are choosing between eToro or selftrade. Who should you choose?
This eToro vs selftrade comparison contains the latest information so you can easily compare selftrade against eToro.
If you're a new entrant in the realm of trading and brokerages, so many facts will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You'll get adept at all the concepts of broker since you keep trading. For starters, you need to choose the right broker who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. eToro and selftrade are two such companies which will take you along with your investment into great heights. It's important that you compare eToro vs selftrade before you trust them with your cash.
Our eToro vs selftrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and selftrade side by side.
Our full eToro vs selftrade Review covers all you will need to learn about trading using either eToro or selftrade. A good agent can multiply your first investments and give you favorable profits. If you would like to make profits, you should trade with a broker service that aligns with your investment objectives.
There is no sure-fire method to guarantee profits; thus, you should carefully assess your agent before you choose them. It's a common misconception that all brokers will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.
eToro and selftrade are both brokers which have forged their way successfully into the broker world. In this review, we've tried to collate some of the vital facets of both eToro and selftrade. This review will allow you to know whether either selftrade or eToro is a fantastic match for your investments or not. We've attempted to breakdown all of the features and fees for your convenience.
Benefits of eToro and selftrade Compared
eToro has a minimum deposit of $50 while selftrade offers a $250 minimum deposit.
Why smaller minimum deposits are good and how eToro and selftrade 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 whilst selftrade has around 100 available.
The more financial instruments you can trade on the eToro and selftrade 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 should never want to miss out on a trading opportunity due to the limitations of eToro or selftrade.
eToro and selftrade Contact Details
Being able to contact your broker simply is important. eToro and selftrade have the following contact details and social medias that you can use.
Broker | eToro | selftrade |
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Telephone Number | ||
support@etoro.com | ||
Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | |
eToro Twitter Account | selftrade Twitter Account | |
eToro Facebook Page | selftrade Facebook Page | |
eToro Instagram Account | selftrade Instagram Account | |
eToro LinkedIn Page | selftrade LinkedIn Page | |
YouTube | eToro YouTube Channel | selftrade YouTube Channel |
Find Out More |
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selftrade 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.
In this part of our comparison of eToro and selftrade we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. 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 have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
eToro vs selftrade - Awards
Broker | eToro | selftrade |
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Awards |
eToro have won a lot of industry awards over the years they have been operating as an online trading platform. We show the most recognised awards for eToro here.
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At the time of writing this selftrade review, and despite selftrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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eToro vs selftrade - Frequently Asked Questions
eToro vs selftrade - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
selftrade was founded in 2013 and has its headquaters in Australia.
What is the minimum deposit for selftrade or eToro
The minimum deposit for eToro is $50.
The minimum deposit for selftrade 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 selftrade are a good option.
eToro vs selftrade - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
selftrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F304.
Both eToro and selftrade have a powerful collection of rules for ensuring fair trading on their individual platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare eToro vs selftrade Commission And Fees
eToro and selftrade are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled better. That is, an online broker isn't necessarily affected by the amount of clients they have.
However, this doesn't necessarily 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 primarily 3 different types of fees for this objective.
The first sort of fees to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading charges. In these instances, you are spending a spread, financing speed, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight prices are people who are charged when you hold a leveraged position for longer than a day.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake in your account. They're charged for operations like depositing money, not investing for long periods, or withdrawals.
In general, neither eToro or selftrade charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by eToro and selftrade are relatively greater. Consequently, you're billed more for non-trading activities on your trading accounts, such as deposits and withdrawal. These aren't related to the purchase and sale of resources.
This eToro vs selftrade review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For eToro And selftrade
What Languages Do eToro And selftrade Support?
Being able to chat easily with your online platform is a key element when comparing brokers to find your perfect broker. Not only for support but to be sure you understand everything on their website and inside their app as it is a key factor to success when trading forex.
Below you can find the languages that both eToro and selftrade offer communication in.
How Many Clients Do eToro and selftrade Have?
Both eToro and selftrade 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 understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients eToro and selftrade are active on their platform
What Payment Methods Do eToro and selftrade Accept?
eToro and selftrade 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 selftrade
What Can You Trade With eToro and selftrade?
eToro offers 100 trading instruments whilst selftrade offers 187.
Below you will find a full breakdown of what both eToro and selftrade offer.
eToro Review
eToro vs selftrade:
Table Of Contents
- Compare eToro vs selftrade
- Benefits of eToro and selftrade Compared
- selftrade and eToro Mobile App Comparison
- eToro vs selftrade - Awards
- eToro vs selftrade - Frequently Asked Questions
- What is the minimum deposit for selftrade or eToro
- eToro vs selftrade - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And selftrade
- What Languages Do eToro And selftrade Support?
- How Many Clients Do eToro and selftrade Have?
- What Payment Methods Do eToro and selftrade Accept?
- What Can You Trade With eToro and selftrade?