After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Admiral Markets vs eToro.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both Admiral Markets and eToro hold a 3.50 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Admiral Markets and eToro both are regulated in a major hub. Admiral Markets nor eToro are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. eToro trails Admiral Markets by 8 total currency pairs (for example, EUR/USD), with Admiral Markets offering 55 and eToro offering 47.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Admiral Markets has Meta Trader, eToro doesn't. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Admiral Markets offers its clients access to 31 charting tools while eToro has 14 charting tools, a difference of 17. Admiral Markets trails eToro by 15 total different indicators (for example, moving averages), with eToro offering 66 and Admiral Markets offering 51.
Overall, both Admiral Markets and eToro share a rating of 4.00 stars. And, when it comes to individual category awards, eToro was rated Best in Class - Customer Service in 2018, while Admiral Markets was rated Best in Class - Investor Education.