Written by ForexBrokers.com
In this head to head comparison of eToro vs AvaTrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When evaluating online brokers, regulatory status is a crucial factor. Both eToro and AvaTrade have established themselves with significant presence and trust in the financial market. Founded in 2007, eToro is publicly traded and boasts a Trust Score of 96 out of 99, as rated by ForexBrokers.com. This high rating reflects eToro's commitment to trustworthiness, supported by its three Tier-1 licenses and one Tier-2 license, demonstrating high and reliable compliance levels.
Similarly, AvaTrade, established in 2006, although not publicly traded, carries a commendable Trust Score of 94. With four Tier-1 licenses and three Tier-2 licenses, AvaTrade also indicates strong regulatory adherence and reliability. Both brokers are not banks but maintain solid, trusted positions, ensuring full confidence for traders opting for their services.
| Feature |
eToro
|
AvaTrade
|
|---|---|---|
| Year Founded | 2007 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 4 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 1 |
| Tier-4 Licenses | 1 | 1 |
When it comes to comparing eToro and AvaTrade on commissions and fees, both platforms present distinct offerings that cater to different trading needs. eToro is a market-maker broker and offers a typical variable spread of 1 pip on the EUR/USD, which tends to be slightly higher than the industry average. Retail traders might not prioritize eToro for its spreads, but its appeal lies in the innovative social copy trading platform. Additionally, eToro offers a tiered VIP club membership that ranges from Silver to Diamond, providing perks like discounted fees and dedicated account managers for traders maintaining balances between $5,000 to $250,000.
AvaTrade, on the other hand, maintains spreads close to the industry average at just under 1 pip (0.9 pips), making it more in line with competitor offerings such as CMC Markets and Tickmill. For those qualifying as professional traders, AvaTrade becomes particularly competitive with spreads at 0.6 pips in its Professional account, which stands up well against rates from brokers like FP Markets. This makes AvaTrade a compelling option for traders seeking tighter margins without the need to meet stringent professional requirements found elsewhere.
In terms of ratings, both eToro and AvaTrade receive a commendable 4.5 out of five stars for commissions and fees, according to ForexBrokers.com. However, their rankings differ slightly; eToro is positioned at #22, whereas AvaTrade ranks higher at #12 out of 63 brokers in the Commissions and Fees category, highlighting AvaTrade's slight edge when it comes to cost efficiency for traders.
| Feature |
eToro
|
AvaTrade
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 |
| Average Spread EUR/USD - Standard | 1 | 0.93 |
| All-in Cost EUR/USD - Active | N/A | 0.61 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by eToro and AvaTrade, eToro clearly stands out with a wider selection. eToro provides 5,461 tradeable symbols, significantly surpassing AvaTrade's 1,260. In terms of forex trading, both platforms offer competitive opportunities with 55 forex pairs available on eToro and 53 on AvaTrade. However, eToro has the upper hand by enabling clients to invest in actual U.S. and international exchange-traded securities like Apple and Vodafone, unlike AvaTrade, which does not offer this option.
Moreover, eToro allows users to purchase actual cryptocurrencies, while AvaTrade is limited to cryptocurrency derivatives. Both brokers support forex trading as CFDs and offer copy trading features. eToro's impressive range earns a five-star rating and a #10 ranking for Range of Investments by ForexBrokers.com, whereas AvaTrade receives a four-star rating and is ranked #32. For investors seeking diversity, eToro appears to be the superior choice.
| Feature |
eToro
|
AvaTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 1260 |
| Forex Pairs (Total) | 55 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | 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). |
Dive deeper: Best Copy Trading Platforms.
eToro and AvaTrade both provide excellent platforms and tools for online trading, making them popular choices among traders. Both brokers offer free virtual demo accounts, allowing users to practice trading without any risk. While both eToro and AvaTrade have proprietary platforms that are developed in-house, they take different approaches when it comes to accessibility. eToro operates via a web-based platform, whereas AvaTrade supports both a Windows-based desktop platform and a web-based option. Furthermore, eToro enables copy trading, providing a unique social trading experience, just like AvaTrade. However, AvaTrade also offers additional features like DupliTrade and ZuluTrade, which are not available on eToro.
MetaTrader enthusiasts will find AvaTrade more accommodating as it supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), unlike eToro, which doesn't offer either. When it comes to charting capabilities, AvaTrade allows trades directly from stock charts and includes 13 drawing tools, while eToro provides a greater number of drawing tools at 161 but lacks the option to trade directly from charts. For watch lists, eToro offers six fields compared to AvaTrade's seven. Both platforms are highly rated for their tools, each earning 4.5 stars, yet eToro holds a higher rank, coming in at #8 compared to AvaTrade's #13. These nuances reflect the strengths of each broker, enabling traders to choose based on their platform preferences and trading needs.
| Feature |
eToro
|
AvaTrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 |
| DupliTrade | No | Yes |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 104 | 80 |
| Charting - Drawing Tools (Total) | 161 | 13 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and AvaTrade provide comprehensive trading apps for iPhone and Android users, catering to the needs of mobile traders. Not only do both platforms offer essential features like stock and forex price alerts, but they also allow seamless syncing of watchlists between mobile apps and online accounts. This ensures that any changes made on one platform are instantly reflected on the other, providing a cohesive experience. In terms of charting capabilities, eToro offers a wider range of technical studies with 104 options compared to AvaTrade's 73. However, AvaTrade has an edge for traders who rely on drawing tools, as it allows users to draw trendlines on charts—a feature absent on eToro's app.
While both apps enable viewing of multiple time frames like daily and weekly, neither auto-saves chart drawings, a consideration for traders who frequently customize their charts. Creating watchlists with real-time quotes is easy on both platforms. In terms of accolades, both eToro and AvaTrade have earned a commendable 4.5-star rating for their mobile trading apps. When compared against 63 brokers, eToro is ranked slightly higher at #10, whereas AvaTrade stands at #13, as per ForexBrokers.com. Whether you prioritize comprehensive technical analysis with eToro or the added drawing features in AvaTrade, both brokers offer well-rated apps that support efficient mobile trading.
| Feature |
eToro
|
AvaTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 73 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When considering market research offerings, eToro stands out with daily market commentary and a variety of tools. Although it lacks forex news from top-tier sources, eToro compensates with its partnership with Trading Central, providing technical analytics. Additionally, it offers a valuable sentiment-based trading tool and market insights from TipRanks. These features contribute to its high research rating of 4.5 stars, securing a rank of 13th among 63 brokers in the Research category, according to ForexBrokers.com.
In comparison, AvaTrade provides news from reputable sources like Bloomberg and Reuters, enhancing its appeal for traders seeking reliable forex news. It also partners with Trading Central for technical analytics and offers sentiment-based trading tools. AvaTrade includes an economic calendar to keep traders informed of global events. Despite these strengths, AvaTrade's research tools earn it a slightly lower rating of 4 stars and a ranking of 34th in the Research category. Ultimately, both brokers provide essential research tools but cater to different needs, with eToro excelling in commentary and analytics, while AvaTrade shines in delivering timely market news.
| Feature |
eToro
|
AvaTrade
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing eToro and AvaTrade, both platforms excel in providing educational resources tailored for beginners, particularly in the areas of forex and CFDs. Each offers a rich selection of over 10 educational pieces such as articles, videos, and archived webinars covering essential trading subjects. Both brokers also host monthly online webinars to help clients deepen their understanding, and a searchable archive of past webinars is available for those looking to revisit these insights.
eToro and AvaTrade ensure beginners are well-equipped with over 10 fundamental educational videos specifically aimed at new traders. For those seeking advanced knowledge, each platform also offers more than 10 videos tailored for experienced traders. In addition, both brokers house investor dictionaries containing definitions for an impressive array of over 50 investing terms. While eToro is rated slightly higher, with 4.5 stars for its educational offerings compared to AvaTrade's 4 stars, according to ForexBrokers.com, AvaTrade ranks higher overall in education at #2, while eToro holds the #5 spot among 63 brokers.
| Feature |
eToro
|
AvaTrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than AvaTrade. eToro finished with an overall rank of #9, while AvaTrade finished with an overall rank of #13.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
AvaTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 94 |
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eToro allows users to buy actual delivered cryptocurrency as well as cryptocurrency derivatives, while AvaTrade only provides the option to trade cryptocurrency derivatives.
eToro and AvaTrade both support multiple payment methods such as PayPal, Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals, but only eToro offers ACH or SEPA transfers, providing a slight edge in terms of payment options.
Please note:
We review each broker’s overall global offering – a “Yes” 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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0 of 5| Overall Rating | eToro | AvaTrade | |
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| Trust Score | 96 | 94 | |
| Winner | check_circle | ||
| Review | eToro Review | AvaTrade Review |
| Broker Screenshots | eToro | AvaTrade | |
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| Regulation | eToro | AvaTrade | |
|---|---|---|---|
| Trust Score | 96 | 94 | |
| Year Founded | 2007 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 4 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 1 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | AvaTrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | Yes | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | AvaTrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | Yes | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | AvaTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 1260 | |
| Forex Pairs (Total) | 55 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | 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). |
| Cost | eToro | AvaTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 0.93 | |
| All-in Cost EUR/USD - Active | N/A | 0.61 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | AvaTrade | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | 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 | eToro | AvaTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 80 | |
| Charting - Drawing Tools (Total) | 161 | 13 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | AvaTrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 104 | 73 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | AvaTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | AvaTrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | 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 | |
| Review | eToro Review | AvaTrade Review |
| Overall | eToro | AvaTrade | |
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| Trust Score | 96 | 94 | |
| Winner | check_circle | ||
| Review | eToro Review | AvaTrade Review |
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