eToro vs UFX Comparison

eToro vs UFX Comparison - Crowd vs Social Trading

eToro vs UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, CySEC, ASIC
$100ParagonEx, MT5450+CySEC

eToro and UFX Comparison

eToro is a Social Trading Network which offers CFD trading. It provides copy trading and social trading, as well as products based on the network. UFX is a CFD broker offering fixed spreads, which can become more competitive with higher account types.

UFX supports copy trading on the ParagonEx platform and also provides MT5, but only for some account types. Thus while both platforms provide information about the activity of other traders (for crowd or social trading), eToro also offers auto trading by copying other traders.

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

Quick comparison

eToro supports trading styles such as social and copy trading, while UFX support crowd trading (both on their respective web traders and apps). UFX also has MT5.

Crowd trading vs social trading

The difference between these two approaches, is that social trading is about what other traders think and do about markets, while crowd trading is about what their aggregate behavior is towards markets, expressed in a news feed. Social trading allows for automated copy trading, while crowd trading is not about automation, but rather informing trading decisions. However UFX also provides MT5, which supports trading automation.

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for UFX is $100.

  • 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.
  • UFX provides six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types offer daily market reviews, a video library, daily recommendations and 24hr live support. Mini, Standard, Gold and Platinum accounts also have VIP trading support. Standard, Gold and Platinum additionally receive exclusive updates. Gold and Platinum also have access to MT5. Trading Central is available for traders who deposit at least $1000 into their account.

Markets

  • eToro offers Forex, Indices, Energy, Metals, Stocks, ETFs, Soft Commodities, Cryptocurrencies and Bonds, with 1000+ available.
  • UFX offers Forex, Indices, Energy, Metals, Stocks, ETFs and Soft Commodities, with 450+ available.

Cryptocurrencies

  • eToro provides Bitcoin, Litecoin, Ethereum, Ethereum Classic, Ripple, Dash, Bitcoin Cash, NEO, IOTA, EOS, Zcash, Stellar, Cardano, TRON, Tezos and Binance Coin.

Spreads and leverage

eToro offers typical Forex spreads of 3 without a commission charge, while UFX provides Forex spreads from 2 without a commission charge.

Maximum leverage for eToro (FCA or CySEC regulated) is . Maximum leverage for UFX (CySEc regulated) is .

Online trading platforms

Both brokers offer web traders and apps on tablet and mobile. UFX also provides MT5.

Why eToro or UFX ?

Traders who want to trade on user friendly trading platforms may do so at either broker. A difference is in the types of tools offered on their respective platforms. eToro has social and copy trading tools, while UFX offers a crowd trading news feed. Social trading contains information about individual traders, while crowd trading is about the behaviour of the crowd of traders. Copy trading lets the trader copy the trades of other traders. However UFX also offers MT5.

Comparison summary

  • Both brokers provide CFD trading
  • At FCA and CySEC regulated eToro, real Stocks and Cryptos can be bought to own
  • Both provide user friendly trading platforms
  • On its platform, eToro offers social and copy trading
  • On its platform, UFX has crowd trading
  • UFX also provides MT5

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