eToro vs 24Option - Online Brokerage Comparison

eToro vs 24Option | Trading Brokers Comparison

eToro vs 24Option Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+CySEC, FCA, ASIC
$250Web Trader & Apps, MT4130+CySEC, IFSC

eToro vs 24Option Comparison

eToro and 24Option each offer web traders and apps to trade CFDs. Both brokers provide features for traders who make their own trading decisions: each has a range of technical indicators on the platform and 24Option provides Trading Central. eToro augments charting tools with social trading information, providing tools on the platforms showing the ideas of other traders about a particular market, for example. eToro also allows trading automation in the sense that it allows traders to copy the trades of other traders in their account, known as copy trading. 24Option offers another platform, which is the well known MT4 trading platform, as a desktop download. This platform contains automated trading tools, for trading with robots.

eToro has more markets to trade (1000+ vs 130+), but both offer a range including Forex, Stocks and Cryptocurrencies. In terms of Stocks and Cryptos, a difference is that 24Option offers CFDs, which reference the price of the underlying market allowing the trader to trade on price movement, without owning the underlying market. eToro provides Stocks and Cryptos to own but the trader still trades a CFD when selling a Crypto or Stock. This facility is available at the FCA and CySEC regulated eToro; at the ASIC regulated eToro Stocks and Cryptos are bought as CFDs. 24Option offers all markets as CFDs.

Both brokers are regulated by the CySEC in Cyrpus. eToro is additionally regulated by the FCA in the United Kingdom and the ASIC in Australia. 24Option is additionally regulated by the IFSC in Belize.

Quick comparison

Both brokers offer web traders and apps. eToro has social and copy trading tools on its web platform, while 24Option offers MT4.

Minimum deposit and key account features

The minimum deposit for eToro is $200. The minimum deposit for 24Option is $/€/£250.

  • 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.
  • 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.

Markets

  • eToro offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, ETFs and Bonds, with 1000+ available.
  • 24Option offers CFD trading in Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 130+ available.

eToro provides 45+ Forex pairs. 24Option provides 35+ Forex pairs

Cryptocurrencies

  • eToro offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Ethereum Classic, NEO, IOTA, Cardano, Stellar, Zcash, TRON and Binance Coin.
  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple and Dash CFDs.

Leverage

Maximum leverage for eToro (FCA or CySEC regulated) is . Maximum leverage for 24Option (CySEC regulated) is .

Trading Platforms

Both offer web traders and apps. 24Option additionally provides MT4.

Why eToro or 24Option ?

If the trader wants an approachable web trading platform, then both brokers provide this. eToro enhances its platform offering with social and copy trading tools, offering the trader the spectrum from augmenting their trading decisions with the idea of other traders to allowing the trades of other traders to be copied into their own account. However 24Option also provides MetaTrader 4. This platform has 50+ technical indicators and tools for automating trading with robots. As a third party platform, it has a significant support network as well and is offered at many CFD brokers. So the trader can trade with the web trader and use MT4 at 24Option. eToro has more CFD markets and a wider range, though both offer markets such as Stocks and Cryptos. However at eToro Stocks and Cryptos can be bought as assets though otherwise markets are traded as CFDs (except at ASIC regulated eToro where all markets are traded as CFDs).

Comparison summary

  • Both brokers offer CFD trading
  • At FCA and CySEC regulated eToro, Stocks and Cryptos can be bought as assets
  • At ASIC regulated eToro all market are CFDs
  • All markets at 24Option are CFDs
  • eToro has more markets available
  • Both brokers offer web traders and apps
  • eToro provides social and copy trading tools on its platform
  • 24Option also offers MT4

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