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eToro vs AvaTrade 2021

Is AvaTrade better than eToro? After testing 27 of the best forex brokers over five months, eToro is better than AvaTrade. eToro is a winner for its easy-to-use copy-trading platform where traders can copy the trades of investors across over 2300 instruments, including exchange-traded securities, forex, CFDs, and popular cryptocurrencies.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature eToro AvaTrade
Overall 4 4
Commissions & Fees 4 4.5
Offering of Investments 4.5 4
Platforms & Tools 4 4
Mobile Trading 4 4
Research 4 3.5
Education 4 4.5
Trust Score 93 93
eToro Review AvaTrade Review
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75% of retail CFD accounts lose money 73% of retail CFD accounts lose money

Regulation

Feature eToro AvaTrade
Trust Score 93 93
Year Founded
2007 2006
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 3
Tier-2 Licenses
1 4
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature eToro AvaTrade
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No Yes
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No Yes
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No

Investments

Feature eToro AvaTrade
Forex Trading
Yes Yes
CFDs (Total)
2314 722
Forex Pairs (Total)
47 55
Cryptocurrency (Physical)
Yes No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature eToro AvaTrade
Average Spread EUR/USD - Standard
1 (August 2020) 0.91 (August 2020)
All-in Cost EUR/USD - Active
N/A 0.61 (August 2020)
Active Trader or VIP Discounts
Yes Yes

Funding

Feature eToro AvaTrade
Minimum Initial Deposit
$1000 $100.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature eToro AvaTrade
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
No Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
No Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No
DupliTrade
No Yes
ZuluTrade
No Yes

Trading Tools

Feature eToro AvaTrade
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
6 6
Charting - Indicators / Studies (Total)
66 90
Charting - Drawing Tools (Total)
13 0
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature eToro AvaTrade
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
No No
Watch List
Yes No
Watch List Syncing
Yes No
Charting - Indicators / Studies
5 93
Charting - Draw Trendlines
No No
Charting - Trendlines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No

Research

Feature eToro AvaTrade
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
No Yes
Weekly Webinars
No No
AutoChartist
No No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature eToro AvaTrade
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature eToro AvaTrade
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature eToro AvaTrade
Overall 4 4
Commissions & Fees 4 4.5
Offering of Investments 4.5 4
Platforms & Tools 4 4
Mobile Trading 4 4
Research 4 3.5
Education 4 4.5
Trust Score 93 93
eToro Review AvaTrade Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare AvaTrade vs eToro.

Does AvaTrade or eToro offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, AvaTrade offers better pricing overall for traders.

Is AvaTrade or eToro safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. AvaTrade holds 3 global Tier-1 licenses, while eToro holds 2. AvaTrade holds 4 global Tier-2 licenses, while eToro holds 1. All regulators considered, both AvaTrade and eToro have a Trust Score of 93.00.

Which trading platform is better: AvaTrade or eToro?
To compare the trading platforms of both AvaTrade and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, eToro offers superior market research. Finally, we found eToro to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. AvaTrade and eToro both offer copy trading. AvaTrade offers MetaTrader 4 (MT4), while eToro does not.

How many forex pairs and CFDs are available to trade?
AvaTrade provides traders 55 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, eToro offers traders access to 2314 CFDs while AvaTrade has 722 available CFDs, a difference of 1,592.

Overall winner: eToro

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 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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