eToro vs speedtrader, 2024 Update
Read our In-Depth eToro vs speedtrader Review - for 2024
Our eToro vs speedtrader review has been updated to reflect any changes for 2024 by seasoned professionals boasting years of expertise in CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of eToro vs speedtrader 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.
speedtrader Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs speedtrader
All trading platforms has a few ups and downs, so a complete eToro and speedtrader review should not be regarded as thorough without adopting a fair assessment.
Examine speedtrader and eToro to get a better understanding of just how they line up with each other prior to you decide to open an account. A side-by-side comparison can put things into perspective to ensure that you are cognizant of what you should anticipate.
So you are looking for a professional broker and are choosing between eToro or speedtrader. Who is better in 2024?
Our eToro vs speedtrader comparison contains the latest information so you can easily compare speedtrader against eToro.
If you are a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You will acquire proficient at all of the concepts of broker since you continue trading. For starters, you need to select the right broker who'll be clear with you always.
In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. eToro and speedtrader are two such trading platforms which will take you and your investment into great heights. It's important to compare eToro vs speedtrader before you trust them with your money.
Our eToro vs speedtrader comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and speedtrader side by side.
Our full eToro vs speedtrader Review covers all you will need to learn about trading using either eToro or speedtrader. A fantastic broker can multiply your initial investments and give you favorable profits. If you would like to earn profits, you must trade with a broker service that aligns with your investment goals.
There is no sure-fire method to ensure profits; thus, you should carefully analyze your broker before you select them. It is a frequent misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments in danger.
eToro and speedtrader are both brokers that have found their way successfully into the brokerage world. In this review, we've attempted to collate a number of the important aspects of both eToro and speedtrader. This review can help you to understand whether either speedtrader or eToro is a good match for your own investments or not. We have tried to breakdown all the features and charges for your advantage.
Benefits of eToro and speedtrader Compared
eToro offers a minimum deposit of $50 while speedtrader has a $250 minimum deposit.
Why smaller minimum deposits are good and how eToro and speedtrader 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 speedtrader allows you to trade around 100 on their platform.
The more instruments you can trade on the eToro and speedtrader 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 speedtrader.
eToro and speedtrader Contact Details
Being able to contact your broker simply is important. eToro and speedtrader have the following contact details and social medias that you can use.
Broker | eToro | speedtrader |
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Telephone Number | ||
support@etoro.com | ||
Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | |
eToro Twitter Account | speedtrader Twitter Account | |
eToro Facebook Page | speedtrader Facebook Page | |
eToro Instagram Account | speedtrader Instagram Account | |
eToro LinkedIn Page | speedtrader LinkedIn Page | |
YouTube | eToro YouTube Channel | speedtrader YouTube Channel |
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speedtrader 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.
In this part of our comparison of eToro and speedtrader 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 important that any trading app has user friendly capabilities especially with the
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 speedtrader - Awards
Broker | eToro | speedtrader |
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Awards |
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 speedtrader review, and despite speedtrader’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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eToro vs speedtrader - Frequently Asked Questions
eToro vs speedtrader - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
speedtrader was founded in 2017 and has its headquaters in Netherlands.
What is the minimum deposit for speedtrader or eToro
The minimum deposit for eToro is $50.
The minimum deposit for speedtrader is $250.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and speedtrader are a good choice.
eToro vs speedtrader - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
speedtrader 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-F308.
Both eToro and speedtrader have a strong collection of rules for ensuring fair trading on their own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, client data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare eToro vs speedtrader Commission And Fees
eToro and speedtrader are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily influenced by the amount of clients they have.
However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 types of fees for this objective.
The first kind of charges to look out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading charges. In such cases, you're paying a spread, funding speed, or even a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight rates are those that are charged when you hold a leveraged position for more than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They are charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither eToro or speedtrader charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who often exchange, for example weekly or daily trading.
However, non-trading fees billed by eToro and speedtrader are comparatively greater. As a result, you are billed more for non-trading actions on your trading accounts, like deposits and withdrawal. These are not about the purchase and sale of resources.
This eToro vs speedtrader review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For eToro And speedtrader
What Languages Do eToro And speedtrader Support?
Being able to chat completely with your trading platform is a key part of comparing brokers to find the best broker. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key factor to success when trading forex.
Below you will find the languages that both eToro and speedtrader offer communication in.
How Many Clients Do eToro and speedtrader Have?
Both eToro and speedtrader are well established with their customer base. It is important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients eToro and speedtrader are working with
What Payment Methods Do eToro and speedtrader Accept?
eToro and speedtrader 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 speedtrader
What Can You Trade With eToro and speedtrader?
eToro offers 100 trading instruments while speedtrader offers 191.
Below you will find a full breakdown of what both eToro and speedtrader offer.
eToro Review
eToro vs speedtrader:
Table Of Contents
- Compare eToro vs speedtrader
- Benefits of eToro and speedtrader Compared
- speedtrader and eToro Mobile App Comparison
- eToro vs speedtrader - Awards
- eToro vs speedtrader - Frequently Asked Questions
- What is the minimum deposit for speedtrader or eToro
- eToro vs speedtrader - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And speedtrader
- What Languages Do eToro And speedtrader Support?
- How Many Clients Do eToro and speedtrader Have?
- What Payment Methods Do eToro and speedtrader Accept?
- What Can You Trade With eToro and speedtrader?