eToro vs umarkets, Who's The Best?
67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies
Your capital is at risk
eToro vs umarkets Guide
Read our In-Depth eToro vs umarkets Review - Updated for 2022
This eToro vs umarkets 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 umarkets 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.
umarkets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs umarkets
Every online trading system will have a few pros and cons, and no eToro and umarkets review would be complete without showing both sides. Compare eToro and umarkets 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 an online trading platform and are choosing between eToro or umarkets. Who should you choose?
This eToro vs umarkets comparison contains the most recent information so you can easily compare umarkets against eToro.
If you are a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You'll acquire proficient at all of the concepts of broker as you continue trading. For starters, you need to select the right agent who'll be transparent 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 program has the potential to generate hefty returns. eToro and umarkets are two such platforms that will take you and your investment to great heights. It is crucial to compare eToro vs umarkets before you trust them with your money.
Our eToro vs umarkets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and umarkets side by side.
Our entire eToro vs umarkets Review covers everything you will need to learn about trading with either eToro or umarkets. A fantastic agent can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investment goals.
There is no sure-fire way to ensure profits; thus, you must carefully analyze your agent before you choose them. It's a frequent misconception that all agents will be the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.
eToro and umarkets are both brokers that have forged their way successfully into the brokerage world. In this review, we've attempted to collate some of the vital facets of both eToro and umarkets. This review can help you to understand whether either umarkets or eToro is a good fit for your own investments or not. We have attempted to breakdown all of the features and fees for your convenience.
Benefits of eToro and umarkets Compared
eToro offers a minimum deposit of $50 while umarkets has a $250 minimum deposit.
Why smaller minimum deposits are good and how eToro and umarkets 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 whilst umarkets has around 100 available.
The more financial instruments you can trade on the eToro and umarkets 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 umarkets.
eToro and umarkets Contact Details
Being able to contact an online trading platform simply is vital. eToro and umarkets have the following contact details and social medias that you can use.
|Address||24th floor, One Canada Square, Canary Wharf, London, E14 5AB|
|eToro Twitter Account||umarkets Twitter Account|
|eToro Facebook Page||umarkets Facebook Page|
|eToro Instagram Account||umarkets Instagram Account|
|eToro LinkedIn Page||umarkets LinkedIn Page|
|YouTube||eToro YouTube Channel||umarkets YouTube Channel|
|Find Out More||
umarkets 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 umarkets will examine whether their mobile app meets all our requirements.
We rate overall 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 umarkets - Awards
eToro have won numerous industry awards over the time they have been operating as an online trading platform. We detail the most recognised awards for eToro below.
|At the time of writing this umarkets review, and despite umarkets’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
eToro vs umarkets - Frequently Asked Questions
eToro vs umarkets - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
umarkets was founded in 2018 and has its headquaters in Bulgaria.
What is the minimum deposit for umarkets or eToro
The minimum deposit for eToro is $50.
The minimum deposit for umarkets 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 umarkets are a good option.
eToro vs umarkets - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
umarkets 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-F333.
Both eToro and umarkets have a strong collection of rules for ensuring honest 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 umarkets Commission And Fees
eToro and umarkets are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled better. In other words, an online broker is not necessarily affected by the number of customers they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 types of fees for this purpose.
The first kind of fees to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these cases, you're paying a spread, funding speed, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are people who are charged when you maintain a leveraged position for more than daily.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake on your accounts. They're billed for operations like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither eToro or umarkets charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser sum. This can be beneficial for people who often trade, for example weekly or daily trading.
But, non-trading fees charged by eToro and umarkets are relatively greater. As a result, you're billed more for non-trading activities on your trading accounts, like deposits and withdrawal. These aren't related to the purchase and sale of resources.
This eToro vs umarkets review for 2022 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For eToro And umarkets
What Languages Do eToro And umarkets Support?
Being able to communicate easily with your trading platform is a key part of comparing online brokers to find the best broker. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key part of success when trading online.
Here you will find the languages that both eToro and umarkets offer communication in.
How Many Clients Do eToro and umarkets Have?
Both eToro and umarkets are well established with their customer base. It is important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many users eToro and umarkets are working with
|Clients / Users||20,000,000+||10,000+|
|Find Out More||
What Payment Methods Do eToro and umarkets Accept?
eToro and umarkets 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 umarkets
What Can You Trade With eToro and umarkets?
eToro offers 100 trading instruments whilst umarkets offers 216.
Below you will find a full breakdown of what both eToro and umarkets offer.
Compare eToro To All Other Brokers
Compare umarkets To All Other Brokers
eToro vs umarkets:
Table Of Contents
- Compare eToro vs umarkets
- Benefits of eToro and umarkets Compared
- umarkets and eToro Mobile App Comparison
- eToro vs umarkets - Awards
- eToro vs umarkets - Frequently Asked Questions
- What is the minimum deposit for umarkets or eToro
- eToro vs umarkets - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And umarkets
- What Languages Do eToro And umarkets Support?
- How Many Clients Do eToro and umarkets Have?
- What Payment Methods Do eToro and umarkets Accept?
- What Can You Trade With eToro and umarkets?