Binary.com vs eToro Comparison

Binary.com vs eToro | Trading Brokerage Comparison

Binary.com vs eToro Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneWeb Trader & Apps, MT550+MFSA, VFSC
$200Web Trader & Apps1000+FCA, CySEC, ASIC

Binary.com vs eToro Comparison

eToro is a broker which provides a user friendly trader platform, offering social and copy trading on this platform. Binary.com is a broker which provides trading in a range of markets including 24/7 trading of some markets on its web trader and CFD trading on the MetaTrader 5 (MT5) online trading platform (MT5 is the successor to MetaTrader 4).

Binary.com is regulated by a range of bodies including the MFSA in Malta and the VFSC in Vanuatu.

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

Quick comparison

Both offer web traders while Binary.com additionally provides MT5. eToro offers social and copy trading, Binary.com has a lower minimum deposit.

Minimum deposit and key account features

The minimum deposit for eToro is $200. The minimum deposit to use Binary.com's web trader is $5, but there is no minimum deposit to use MT5.

  • Binary.com offers a range of features on its website including webinars, an Economic Calendar and TradingView. When the trader has opened their account they gain access to the SmartTrader platform and can then open MT5 accounts. These accounts can include a Standard account, an Advanced STP account and a Synthetic Indices account (different accounts can be available in different countries). The minimum trade size is 0.01 lots.
  • eToro is a Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots.

Markets

  • Binary.com offers trading on MT5 in Forex, Commodities, Indices and Cryptocurrencies, with 50+ available. It also offers 24/7 trading in simulated markets. The markets available can vary in different countries.
  • eToro offers Forex, Commodities, Indices, Cryptocurrencies, Stocks, ETFs and Bonds, with 1000+ available.

Cryptocurrency CFDs

  • Binary.com offers Bitcoin, Ethereum, Litecoin, Ripple, EOS, DASH, Bitcoin Cash and Emercoin.
  • eToro offers Bitcoin, Ethereum, Litecoin, Ripple, EOS, DASH, Bitcoin Cash, Stellar, NEO, IOTA, Ethereum Classic, Zcash, Cardano, TRON, Tezos and Binance Coin.

Leverage

Maximum leverage for Binary.com on CFDs on MT5 (MFSA regulated) is . Maximum leverage for eToro (FCA or CySEC regulated) is .

Online trading platforms

Binary.com offers its SmartTrader web trader and MT5. eToro has a web trader. Both brokers offer mobile apps.

Why Binary.com or eToro ?

Trader who wish to trade a larger number and wider range of markets, may do so at eToro. Traders who want to trade CFDs on MetaTrader 5 (MT5) can do this at Binary.com. Traders who wish to access social trading information or to copy trade may do so at eToro. Traders who want to trade simulated markets 24/7 may do this at Binary.com.

Comparison summary

  • Both brokers offer CFD trading
  • Each provides a user friendly web trader
  • Binary.com additionally offers MT5
  • eToro has more CFDs to trade
  • eToro additionally offers real Stocks and Cryptos to own
  • Binary.com provides 24/7 trading on simulated markets
  • eToro offers social and copy trading on its platform
  • Binary.com has a lower minimum deposit

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