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AvaTrade vs eToro Review

Steven Hatzakis

Published by Steven Hatzakis


Friday, May 18th, 2018

To find the top fx brokers, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare AvaTrade vs eToro.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Both AvaTrade and eToro share a rating of 3.50 stars.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. AvaTrade and eToro both are regulated in a major hub. Neither are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. AvaTrade offers its clients access to 60 different currency pairs while eToro has 47 available pairs, a difference of 13.

To round out our comparison of AvaTrade vs eToro, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. AvaTrade offers Meta Trader while eToro does not. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. AvaTrade offers its clients access to 31 charting tools while eToro has 14 charting tools, a difference of 17. AvaTrade trails eToro by 15 total different indicators (for example, moving averages), with eToro offering 66 and AvaTrade offering 51.

Overall, eToro boasts 4.00 stars versus AvaTrade's 3.50 stars. And, when it comes to individual category awards, eToro finished with awards Best in Class - Customer Service in 2018, while AvaTrade came up with none of these.
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Overall
Offering of Investments
Commissions & Fees
Platform & Tools
Customer Service
Research
Education
Commissions & Fees
Trust Score
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Authorized (USA)
FCA Authorised (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
All-in Cost EUR/USD - Active
Average Spread EUR/USD - Standard
Active Trader or Premium/VIP
Proprietary
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader4 (MT4)
MetaTrader5 (MT5)
cTrader
Currenex
ZuluTrade
MirrorTrader
Virtual Trading (Demo)
Watchlists - Total Fields
Alerts - Basic Fields
Charting - Trade From Chart
Charts can be saved
Charting - Drawing Tools (Total)
Charting - Indicators / Studies (Total)
Charting - Drawings Autosave
Order Type - Trailing Stop
iOS App
Android App
Alerts - Basic Fields
Alerts Delivery - Push Notifications
Watch List
Watch List Syncing
Charting - Technical Studies/Indicators
Charting - Draw Trend Lines
Forex News (Top-Tier Sources)
Social Sentiment - Currency Pairs
Daily Blog Updates
Sentiment of Upcoming Economic News
AutoChartist
Trading Central (Recognia)
Delkos Research
Acuity Trading
Social Trading / Copy-Trading
Client Webinars
Client Webinars (Archived)
Economic Calendar
Calendar Includes Forecasts
Trade Ideas - Backtesting
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
USDMXN (or MXNUSD)
USDNOK (or NOKUSD)
USDSEK (or SEKUSD)
USDTRY (or TRYUSD)
USDZAR (or ZARUSD)
USDDKK (or DKKUSD)
USDBRL (or BRLUSD)
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
AvaTrade
High Bonuses, Now with Extra-Low Spreads! Learn More
AvaTrade Review
 
3.5
3.5
3.5
3
1.5
3
3.5
3.5
 
76
No
Yes
Yes
No
No
No
Yes
No
No
No
Yes
No
No
 
Yes
60
171
No
Yes
 
1.9
1.9
Yes
 
Yes
Yes
Yes
Yes
Yes
No
No
No
Yes
Yes
 
Yes
7
Yes
Yes
Yes
31
51
Yes
Yes
 
Yes
Yes
Yes
No
Yes
No
30
Yes
 
No
No
Yes
Yes
Yes
No
No
No
Yes
No
No
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
No
 
$100.00
Yes
Yes
Yes
Yes
No
eToro
eToro Review
 
4
4.5
3.5
4
3
2.5
3.5
3.5
 
86
No
Yes
Yes
Yes
Yes
No
No
No
No
No
No
Yes
No
 
Yes
47
1096
No
Yes
 
N/A
3
Yes
 
Yes
No
Yes
Yes
No
No
No
No
No
No
 
Yes
6
No
No
Yes
14
66
Yes
Yes
 
Yes
Yes
No
No
Yes
Yes
5
No
 
No
Yes
No
Yes
No
No
No
No
Yes
Yes
No
Yes
Yes
No
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
No
No
 
$200
Yes
Yes
Yes
Yes
No

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All data was obtained from a published web site as of 4/03/2018 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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