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eToro vs AvaTrade 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is eToro better than AvaTrade? In our analysis of 23 international regulators across 39 of the best forex brokers, eToro is considered low-risk, with an overall Trust Score of 93 out of 99. AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 99. Learn more about Trust Score.

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Overall RatingeToroAvaTradeIG
Overall Rating4.5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars5 Stars
Offering of Investments5 Stars4 Stars5 Stars
Platform & Tools4.5 Stars4.5 Stars5 Stars
Mobile Trading4.5 Stars4.5 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4 Stars5 Stars5 Stars
Trust Score939399
Winnercheck_circle
RevieweToro ReviewAvaTrade ReviewIG Review
RegulationeToroAvaTradeIG
Trust Score939399
Year Founded200720061974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses247
Tier-2 Licenses132
Tier-3 Licenses011
Authorised in European UnionYesYesYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)eToroAvaTradeIG
ASIC Authorised (Australia)YesYesYes
IIROC Authorised (Canada)NoYesNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoYesNo
FSA Authorised (Japan)NoYesYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)eToroAvaTradeIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoYesNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoYesYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoYesYes
Tier-3 Licenses (Low Trust)eToroAvaTradeIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoYesNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentseToroAvaTradeIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)3458126019537
Forex Pairs (Total)4955100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)YesNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CosteToroAvaTradeIG
Average Spread EUR/USD - Standard1 (August 2021)0.91 (Aug 2020) 0.86 (September 2022)
All-in Cost EUR/USD - ActiveN/A0.61 (Aug 2020)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerYesNoYes
Execution: Market MakerYesYesYes
FundingeToroAvaTradeIG
Minimum Initial Deposit$10-$10,000$100ยฃ250.00
PayPal (Deposit/Withdraw)YesYesYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformseToroAvaTradeIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)NoYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)NoYesYes
MetaTrader 5 (MT5)NoYesNo
cTraderNoNoNo
DupliTradeNoYesNo
ZuluTradeNoYesNo
Trading ToolseToroAvaTradeIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields6614
Charting - Indicators / Studies (Total)669033
Charting - Drawing Tools (Total)131320
Charting - Trade From ChartNoYesYes
Charts can be savedYesYesYes
Mobile TradingeToroAvaTradeIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesYesYes
Mobile Charting - Indicators / Studies57333
Mobile Charting - Draw TrendlinesNoYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoNoYes
Forex CalendarNoYesYes
ResearcheToroAvaTradeIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)NoYesYes
AutochartistNoNoYes
Trading Central (Recognia)YesYesNo
Social Sentiment - Currency PairsYesYesYes
Economic CalendarYesYesYes
EducationeToroAvaTradeIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesYesYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairseToroAvaTradeIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
RevieweToro ReviewAvaTrade ReviewIG Review
OveralleToroAvaTradeIG
Overall Rating4.5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars5 Stars
Offering of Investments5 Stars4 Stars5 Stars
Platform & Tools4.5 Stars4.5 Stars5 Stars
Mobile Trading4.5 Stars4.5 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4 Stars5 Stars5 Stars
Trust Score939399
Winnercheck_circle
RevieweToro ReviewAvaTrade ReviewIG Review
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eToro vs AvaTrade Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs AvaTrade.

Does eToro or AvaTrade 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, IG offers better pricing overall for traders.

Is eToro or AvaTrade safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. AvaTrade holds 4 global Tier-1 licenses, while eToro holds 2. AvaTrade holds 3 global Tier-2 licenses, while eToro holds 1. In our analysis of 23 international regulators across 50 brokers, eToro and AvaTrade earned the same Trust Score.

Which trading platform is better: eToro or AvaTrade?

To compare the trading platforms of both eToro and AvaTrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG 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. Neither broker offers Meta Trader.eToro and AvaTrade both offer copy trading.

How many forex pairs and CFDs are available to trade?

AvaTrade provides traders 55 currency pairs (e.g., EUR/USD) compared to eToro's 49 available pairs. Forex pairs aside, eToro offers traders access to 3458 CFDs while AvaTrade has 1260 available CFDs, a difference of 2198.

Can I trust eToro?

eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust AvaTrade?

AvaTrade is not publicly-traded and does not operate a bank. AvaTrade is authorised by four tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator (low trust). AvaTrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Central Bank of Ireland (CBI) and the Japanese Financial Services Authority (JFSA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Is eToro good?

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors โ€“ or receive exclusive perks for sharing their own trading strategies.

Is AvaTrade good?

AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab a Best in Class rating for Beginners for 2022.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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