AvaTrade vs eToro - Online Brokerage Comparison

AvaTrade vs eToro | Trading Brokers Comparison

AvaTrade vs eToro Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, AvaOptions, Apps250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$200Web Trader & Apps1000+FCA, CySEC, ASIC

AvaTrade vs eToro Comparison

Both of these brokers offer social and copy trading. eToro has social and copy trading tools on its online trading platform. AvaTrade is an MT4 (MetaTrader 4) broker and has social and copy trading via DupliTrade and ZuluTrade (DupliTrade integrates with MT4). As an MT4 broker, AvaTrade allows automated trading strategies (called Expert Advisors - EAs - on MT4).

Copy trading is a type of trading automation, where the trades of other traders are copies in the trader's account. EAs are trading robots which execute strategies on behalf of the trader. Social trading lets the trader inform their own trading decisions with the ideas of other traders.

Both brokers support the trader who makes their own analysis and executes their own trades, with a range of charting tools. eToro has a user friendly trading platform, thus it can be seen as supporting a spectrum of trading, from the trader who makes their own analysis and decisions to those who inform their trading with the ideas of others to those who let other traders make the trading decisions for them.

AvaTrade though can also be seen as supporting a spectrum, including the trader who makes their own trading decisions. AvaTrade offers AutoChartist which provides trading ideas using pattern recognition and which is integrated into MT4 (though it has a higher minimum deposit to use it). With trading robots, the trader lets automated trading strategies execute their trades. However the trader can chose which strategies to run and can even build them, in MQL4. Traders who use copy trading have a range of ways to choose traders to copy.

AvaTrade has a wider range of markets to trade than eToro, however eToro has a greater number in total.

AvaTrade is regulated by the CBI in Ireland, the ASIC in Australia, the FSCA in South Africa, the FSA and the FFAJ in Japan and the FSC in the British Virgin Islands.

eToro is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the ASIC in Australia.

Quick comparison

Both brokers support social and copy trading. eToro has a web trader and apps, while AvaTrade offers MT4 and apps.

Minimum deposit and key account features

The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for eToro is $200.

  • AvaTrade offers an Economic Calendar on its web site, AutoChartist (for a $500 minimum deposit) and Sharp Trader (which has education and analysis). Additionally AvaTrade allows the trader to use DupliTrade and ZuluTrade, which support copy trading.
  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Metals, Indices, Energy and Cryptocurrencies, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks, ETFs, Bonds, Soft Commodities and Options, with 200+ available.
  • eToro offers Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks, ETFs and Bonds, with 1000+ available.

AvaTrade provides 50+ Forex pairs, eToro provides 45+ Forex pairs.

Cryptocurrency CFDs

  • AvaTrade offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, EOS, DASH and Bitcoin Gold CFDs.
  • eToro offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, EOS, DASH, NEO, IOTA, Ethereum Classic, Zcash, Cardano, TRON and Binance Coin.

Spreads and leverage

  • AvaTrade offers Forex spreads from 0.9 without a commission charge, while eToro offers Forex spreads from 3 without a commission charge.

Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for eToro (FCA or CySEC regulated) is .

Platforms

AvaTrade offers MT4 and AvaOptions as well as apps. eToro provides a web trader and apps.

Why AvaTrade or eToro ?

Traders who make their own trading decisions and execute their own trades can use either broker. Traders who wish to use social trading tools to inform their own trading and to use copy trading, allowing the trades of other traders to be executed in their own account can also use either broker. Traders who want to avail of trading automation with online trading robots, could consider AvaTrade as it offer MT4 and allows EAs. AvaTrade has a wider range of market, though eToro has a greater number. Each broker offers CFD trading. However a difference between AvaTrade and eToro is that at its FCA and CySEC regulated branches, eToro offers Stocks and Cryptocurrencies to own, when the trader buys them. When trading a CFD, the trader does not own the underlying market. In the UK, Avatrade also lets traders spread bet a range of markets on MT4 (similar to CFD, trading, when spread betting the trader does not own the market).

Comparison summary

  • Both brokers offer CFD trading
  • At CySEC and FCA regulated eToro, the trader can buy Cryptos and Stocks to own (they are not CFDs)
  • In the UK, Avatrade offers MT4 spread betting
  • eToro provides a trading platform with social and copy trading tools
  • AvaTrade offers MT4, and has social and copy trading via DupliTrade and ZuluTrade
  • AvaTrade has a wider range of markets to trade
  • eToro has a greater number of markets to trade

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