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, MT4450+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 an STP broker offering fixed spreads, which can become more competitive with higher account types.

UFX supports copy trading on the ParagonEx platform and also provides MT4, but only for some account types. Thus while both platform 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 MT4.

Crowd trading vs social trading

The difference between these two approaches, is that social trading is about what other traders think about markets, while crowd trading is about what their aggregate behavior is towards markets, expressed in news feeds. Social trading allows for automated copy trading, while crowd trading is not about automation, but rather informing discretionary trading decisions. However UFX also provides MT4, which allows for 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 Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. 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 have daily market reviews, a video library, daily recommendations and 24hr live support. All except the Micro/Mini account provide a personal trading coach. Standard, Gold and Platinum accounts also have VIP trading support and exclusive updates. Gold and Platinum additionally provide SMS trading alerts and access to MT4.

Markets

  • eToro offers Forex pairs, Indices, Energy, Metals, Cryptocurrencies, Stocks, ETFs and Bonds, with 1000+ available.
  • UFX offers Forex pairs, Indices, Energy, Precious Metals, Cryptocurrencies, 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 and Binance Coin.
  • UFX provides CFDs in Bitcoin, Litecoin, Ethereum, Ethereum Classic, Ripple, Dash, Bitcoin Cash, NEO, IOTA, EOS, Zcash, Bitcoin Gold, Monero, OmiseGO, Aventus, QTUM, YOYOW, ETP, Santiment, Streamr, Eidoo and QASH.

Spreads and leverage

  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.
  • Spreads at UFX are fixed under normal market conditions but vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.

Maximum leverage for eToro is . Maximum leverage for UFX is .

Platforms

Both brokers offer web traders and apps on tablet and mobile. UFX also provides MT4.

Comparison summary

  • eToro is a social trading and investment network, which offers copy trading
  • eToro provides 1000+ CFDs
  • UFX is an STP broker, which supports crowd trading
  • UFX has 450+ CFDs
  • Both offer cryptocurrencies
  • Each has a web trader with crowd (UFX) or social (eToro) trading functionality
  • UFX also provides MT4 (which supports trading automation), but only for some account types
  • Both are CySEC regulated, eToro is also FCA regulated and ASIC regulated

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