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AvaTrade vs eToro Review

Steven Hatzakis

Published by Steven Hatzakis


Wednesday, January 10th, 2018

Our ForexBrokers.com team spent seven months and hundreds of hours assessing 20 different forex broker accounts for trading FX. In total, over 5,000 data points were collected. For this review, we will compare AvaTrade vs eToro.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. AvaTrade received a rating of 3.00 stars over eToro's 2.50 stars.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. AvaTrade and eToro both are regulated in a major hub. AvaTrade nor eToro are publicly traded companies. How many currency pairs are available to trade? eToro trails AvaTrade by 12 total currency pairs (for example, EUR/USD), with AvaTrade offering 59 and eToro offering 47.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. AvaTrade offers Meta Trader while eToro does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. AvaTrade offers its clients access to 31 charting tools while eToro has 14 charting tools, a difference of 17. eToro offers its clients access to 67 different indicators (for example, volume) while AvaTrade has 51 available indicators, a difference of 16.

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 2017, 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
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)
Publicly-Traded Company (Listed)
All-in Cost EUR/USD - Active
All-in Cost GBP/USD - Active
All-in Cost USD/JPY - Active
All-in Cost USD/CHF - Active
All-in Cost USD/CAD - Active
All-in Cost NZD/USD - Active
All-in Cost AUD/USD - Active
Average Spread EUR/USD - Standard
Average Spread AUD/USD - Standard
Average Spread GBP/USD - Standard
Average Spread NZD/USD - Standard
Average Spread USD/JPY - Standard
Average Spread USD/CHF - Standard
Average Spread NZD/USD - Standard
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Cryptocurrency (Bitcoin)
Minimum Initial Deposit
Proprietary
Platform - Web Based
Social Trading / Copy-Trading
MT4 (Desktop/Mobile)
cTrader
Currenex
ZuluTrade
MirrorTrader
ProTrader (PTMC)
NinjaTrader
MetaTrader5 (MT5)
CFDs - Total Offered
CFDs on Single Stocks (Shares)
CFDs on Indices
CFDs on Metals
CFDs on Commodities
CFDs on Energy
CFDs on Futures or Options
CFDs on Treasuries or Bonds
Currency Pairs (Total Forex pairs)
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)
AUDCAD (or CADAUD)
AUDCHF (or CHFAUD)
AUDJPY (or JPYAUD)
AUDNZD (or NZDAUD)
CADCHF (or CHFCAD)
CADJPY (or JPYCAD)
CHFJPY (or JPYCHF)
EURAUD (or AUDEUR)
EURCAD (or CADEUR)
EURCHF (or CHFEUR)
EURGBP (or GBPEUR)
EURJPY (or JPYEUR)
EURNZD (or NZDEUR)
EURSEK (or SEKEUR)
EURTRY (or TRYEUR)
EURZAR (or ZAREUR)
GBPCAD (or CADGBP)
GBPJPY (or JPYGBP)
GBPNZD (or NZDGBP)
GBPCHF (or CHFGBP)
GBPJPY (or JPYGBP)
GBPNZD (or NZDGBP)
NZDCAD (or CADNZD)
NZDCHF (or CHFNZD)
NZDJPY (or JPYNZD)
USDMXN (or MXNUSD)
USDNOK (or NOKUSD)
USDSEK (or SEKUSD)
USDTRY (or TRYUSD)
USDZAR (or ZARUSD)
USDDKK (or DKKUSD)
USDBRL (or BRLUSD)
Customizable Homescreen
Alerts Delivery - Push Notifications
Watch List (Real-Time)
Charting - Multiple Time Frames
Charting - Technical Studies/Indicators
Charting - Trend Lines Moveable
Charting - Trend Lines (Drawing Tools)
iPad App
Android Tablet App
iPhone App
Android App
Mini (Contract Size 10k)
Active Trader or Premium/VIP
Standard (Contract Size 100k)
Trust Score
AvaTrade
AvaTrade Review
 
3.5
3
3
3.5
-1
4
3
3
 
Yes
Yes
No
No
No
Yes
No
No
No
Yes
No
No
No
 
1.8
3
1.6
2.7
2.8
2.9
2.6
 
1.8
2.6
3
2.9
1.6
2.7
2.9
 
Yes
Yes
Yes
Yes
No
No
$100.00
 
No
Yes
Yes
Yes
No
No
Yes
Yes
No
No
No
 
205
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
59
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
No
 
No
No
Yes
Yes
30
No
Yes
 
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
eToro
eToro Review
 
4
4
2.5
4.5
5
3.5
4
2.5
 
Yes
Yes
Yes
Yes
No
No
No
No
No
No
Yes
No
No
 
N/A
N/A
N/A
N/A
N/A
N/A
N/A
 
3
4
4
5
2
3
5
 
Yes
Yes
Yes
Yes
No
No
$1000
 
Yes
Yes
Yes
No
No
No
No
No
No
No
No
 
1096
Yes
Yes
Yes
Yes
No
No
No
 
47
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
No
No
 
No
No
Yes
Yes
5
No
No
 
No
No
Yes
Yes
 
Yes
Yes
Yes

Trading CFDs and FX involves a high degree of risk. All data was obtained from a published web site as of 4/05/2017 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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