Avatrade vs eToro Forex Broker Comparison

Which Broker Has Lowest Trading Costs?

When it comes to trading costs, both Avatrade and eToro strive to offer competitive pricing. However, the specific trading costs can vary depending on the account type and trading volume. For more information on low commission forex brokers, you can check here.

1. Standard Account Spreads

Avatrade offers competitive spreads on its standard account, while eToro’s spreads can vary depending on the market conditions. For more information on forex brokers with the lowest spreads, you can check here.

2. RAW Account Spreads

Avatrade offers a RAW account with tighter spreads, while eToro does not offer a RAW account. For more information on forex brokers with zero pip accounts, you can check here.

3. Commission Rates

Avatrade charges commission on its RAW account, while eToro does not charge commission on its standard account. Instead, eToro makes money from the spreads.

4. Deposit & Withdrawal Fees

Both Avatrade and eToro do not charge deposit fees, but withdrawal fees may apply.

5. Other Fees

Other fees, such as inactivity fees and overnight fees, may apply depending on the broker and account type.

Verdict: While both brokers strive to offer competitive pricing, Avatrade’s RAW account with tighter spreads and lower commission rates makes it a more cost-effective choice for high-volume traders.

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Who Has Better Trust And Regulation?

Trust and regulation are crucial factors when choosing a forex broker. Avatrade is regulated by multiple regulatory bodies, including ASIC, FCA, CySEC, BVI FSC, FSA, and FFAJ. eToro is also regulated by multiple regulatory bodies, including ASIC, FCA, CySEC, and FinCEN. For more information on ASIC regulated forex brokers, you can check here.

Verdict: Both Avatrade and eToro are well-regulated, providing traders with a high level of trust and security.

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What Trading Platforms Are Offered?

AvaTrade and eToro offer a range of trading platforms to suit different trader needs.

1. MetaTrader 4 and 5

AvaTrade supports both MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms in the forex industry. eToro, on the other hand, offers its proprietary eToro platform, which is known for its social trading feature.

2. cTrader and TradingView

While AvaTrade does not support cTraderor TradingView, eToro does not offer these platforms either. Both brokers have chosen to focus on other platforms that offer unique features.

3. Social And Copy Trading

This is where eToro shines. eToro’s platform is built around social trading, allowing traders to follow and copy the trades of successful investors. AvaTrade does not offer a similar feature.

4. VPS and Other Trading Tools

AvaTrade offers free VPS services to its clients, along with other trading tools like Autochartist and DupliTrade. eToro does not offer VPS or these specific trading tools.

Verdict: AvaTrade offers a more diverse range of trading platforms, including MetaTrader 4 and 5, and provides additional trading tools like VPS, Autochartist, and DupliTrade. eToro, however, excels in social trading with its proprietary platform.

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Who Has The Best Execution Speed?

Execution speed is crucial in forex trading as it can significantly impact the success of trades. Both AvaTrade and eToro strive to offer fast and reliable trade execution, but specific speed metrics are not publicly available.

Verdict: Without specific data, it’s challenging to compare the execution speed of AvaTrade and eToro. However, both brokers are known for their reliable and efficient trade execution.

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What Account Types Are Available?

AvaTrade offers a Standard Account, a Demo Account, and an Islamic Account. eToro, on the other hand, offers a Standard Account, a Demo Account, and a unique Copy Trading Account. Both brokers offer a similar range of account types.

Verdict: Both brokers offer a similar range of account types, but eToro stands out with its unique Copy Trading Account, which allows traders to copy the trades of successful investors.

eToro ReviewVisit eToro

Which Broker Has Superior Customer Service Levels

AvaTrade provides customer service 24/5 via live chat, phone, and email. eToro also offers 24/5 customer service, but through live chat and a ticket system.

Verdict: Both brokers offer excellent customer service, but AvaTrade provides more contact options, including phone support, which some traders might prefer.

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Other Trading Factors

Let’s consider a few other factors that might influence your decision between AvaTrade and eToro.

Minimum Deposit Levels

AvaTrade requires a minimum deposit of $100, while eToro requires a minimum deposit of $200.

Payment Methods

Both brokers offer a range of payment methods, including credit/debit card, bank transfer, and e-wallets.

Trading Instruments

AvaTrade offers trading in Forex, Commodities, Indices, Stocks, and Cryptocurrencies. eToro offers the same range of trading instruments, plus the addition of Social Trading.

Verdict: Both brokers offer a similar range of trading factors, but eToro requires a higher minimum deposit. However, eToro does offer Social Trading, which is a unique feature not offered by AvaTrade.

eToro ReviewVisit eToro

Our Take On Which Broker Is Best

Best For Beginner Traders

Considering the lower minimum deposit, diverse trading platforms, and excellent customer service, AvaTrade is our top pick for beginner traders. Its educational resources are also top-notch, helping new traders get up to speed quickly.

Best For Experienced Traders

For experienced traders, eToro stands out with its unique social trading platform, allowing traders to learn from and copy the trades of successful investors. Its higher minimum deposit is less of a barrier for seasoned traders.