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 comparing online brokers eToro and AvaTrade, both companies have established themselves as reputable options for traders. Founded in 2007, eToro holds three Tier-1 licenses and one Tier-2 license, achieving a Trust Score of
| Feature |
eToro
|
AvaTrade
|
|---|---|---|
| Year Founded | 2007 | 2006 |
| Publicly Traded (Listed) | No | 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 the commissions and fees of eToro and AvaTrade, both brokers present unique elements that influence a trader's decision. eToro is a market-maker broker known for its social copy trading platform. It typically offers a variable spread of about 1 pip on the EUR/USD pair, which is a bit higher than the industry standard. The main attraction for retail traders using eToro isn't its spreads but the innovative social trading features. For those interested in elevated services, the eToro Club extends VIP memberships with benefits like Trading Central access and reduced withdrawal fees for account balances ranging from $5,000 to $250,000.
In comparison, AvaTrade provides spreads that are close to the industry norm, with just under 1 pip for standard accounts. This is slightly less competitive than what's provided by some other brokers like CMC Markets and Tickmill for entry-level accounts. However, for professional traders who qualify, AvaTrade offers a Professional account with spreads as low as 0.6 pips, bringing it in line with competitive offerings from brokers such as FP Markets.
Looking at industry ratings, both eToro and AvaTrade score equally for their commissions and fees, each with a commendable 4.5 out of 5 stars. However, when reviewing their rankings among peers, eToro is placed at #22, whereas AvaTrade ranks higher at #12 out of 62 brokers, according to ForexBrokers.com. This illustrates AvaTrade's slight edge in competitive pricing structures compared to eToro.
| 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 it comes to the range of investments, both eToro and AvaTrade offer forex trading as a CFD or spot contract, but eToro stands out with a broader selection of tradeable symbols and forex pairs. With 5,461 tradeable symbols and 55 forex pairs, eToro provides a diverse set of options compared to AvaTrade's 1,260 symbols and 53 forex pairs. Furthermore, eToro allows its users to buy actual stocks from U.S. and international exchanges, such as Apple and Vodafone, whereas AvaTrade does not currently offer this feature. Both brokers support copy trading and the ability to trade cryptocurrency derivatives, yet eToro goes a step further by enabling the purchase of actual cryptocurrencies.
These offerings contribute to eToro receiving a five-star rating for its range of investments and securing a rank of #10 out of 62 brokers according to ForexBrokers.com. On the other hand, AvaTrade earns a respectable four-star rating but is positioned at #32 in the same category. This significant difference is attributed to eToro's extensive investment options, making it a more versatile choice for traders seeking variety in their investment portfolio.
| 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.
When comparing the trading platforms and tools of eToro and AvaTrade, both brokers provide a range of features for users. eToro stands out with its well-developed proprietary platform that is accessible via a web-based interface, omitting the option for a Windows desktop download. It supports engaging features like copy trading, enabling users to mimic the strategies of successful traders. However, eToro doesn’t offer popular platforms like MetaTrader 4 or 5, nor does it support third-party platforms such as DupliTrade and ZuluTrade. It excels in offering an impressive 161 drawing tools for charting, but lacks the capacity to trade directly from a stock chart. Users have access to six columns for creating watch lists and a reliable free virtual demo account to practice trading strategies. eToro is highly rated, securing 4.5 stars for trading platforms and tools and ranking 8th out of 62 brokers in the Trading Platforms and Tools category.
On the other hand, AvaTrade offers a comprehensive suite of platforms, including its proprietary software and a Windows-based desktop download option alongside its web-based trading platform. It caters to a broad audience by providing support for MetaTrader 4, MetaTrader 5, as well as third-party platforms like DupliTrade and ZuluTrade, thus delivering a versatile trading experience. AvaTrade offers a free virtual demo account as well, which is ideal for novices looking to explore trading without financial risk. Although it has fewer drawing tools than eToro, it facilitates users to trade directly from stock charts. AvaTrade provides seven columns for watch lists, offering detailed customization for tracking assets. It also boasts a solid 4.5-star rating for trading platforms and tools, placing 13th in the ForexBrokers.com ranking amongst other brokers.
| 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.
eToro and AvaTrade both offer mobile trading apps that are accessible on iPhone and Android devices. They provide stock and forex price alerts, real-time quotes, and watchlist synchronization, ensuring seamless updates between mobile and online accounts. For users who appreciate in-depth chart analysis, eToro offers a greater number of technical studies with 104 options available compared to AvaTrade's 73. However, AvaTrade gives users the advantage of drawing trendlines, which is not an option in the eToro app.
Both apps allow traders to view charts in multiple time frames, ranging from intraday to weekly. While neither app features auto-saving of drawing annotations, they maintain efficiency with essential features that traders appreciate. In terms of user ratings, both eToro and AvaTrade achieve a high score of 4.5 stars for mobile trading apps. However, when ranked among 62 brokers, eToro takes a slight edge at 11th place, with AvaTrade closely following at 13th. Overall, both apps provide solid trading experiences with specialized strengths to meet diverse trading needs.
| 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 comparing eToro and AvaTrade for market research offerings, there are distinct features that traders need to consider. eToro stands out by providing daily market commentary, a useful tool for keeping pace with market fluctuations. Additionally, eToro customers benefit from market insights through TipRanks and access tools like Technical Analytics from Trading Central, alongside a sentiment-based trading tool and an economic calendar of worldwide events—all contributing to its impressive 4.5-star research rating. In contrast, AvaTrade does not offer daily market commentary or TipRanks services, though it does match eToro with tools from Trading Central and an economic calendar. AvaTrade enhances its offering with forex news from top-tier sources such as Bloomberg and Reuters.
With a research category ranking of #13 out of 62 brokers, eToro is acknowledged for its comprehensive offerings by ForexBrokers.com, especially for traders seeking up-to-date market information and sentiment insights. Despite AvaTrade's access to premium forex news, it falls short in some areas compared to eToro, receiving a 4-star rating and ranking #34 in the research category. The comparison reveals that traders prioritizing immediate market commentary and summary insights may find eToro more aligned with their needs, while those emphasizing traditional news sources might appreciate AvaTrade's focus.
| 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.
eToro and AvaTrade both provide a comprehensive suite of educational resources catering to beginners interested in forex and CFDs trading. Each platform offers over ten educational materials, including articles, videos, and archived webinars, ensuring that newcomers have ample information at their fingertips. Both brokers host monthly online webinars and maintain searchable archives of these sessions, offering easy access to previously recorded content. Whether you’re just starting or looking to further enhance your trading knowledge, these resources are designed to help you on your educational journey. Additionally, both eToro and AvaTrade supply a rich compilation of beginner-friendly videos, with at least ten options available to support novices in understanding trading intricacies.
For those seeking more advanced learning, eToro and AvaTrade also provide dedicated advanced trading videos to cater to experienced traders aiming to deepen their knowledge. Moreover, they each feature an investor dictionary comprising definitions for over 50 investing terms, aiding users in getting acquainted with essential jargon. When it comes to educational ratings, eToro earns a commendable 4.5 stars, taking the 5th spot among 62 brokers on ForexBrokers.com. AvaTrade, while slightly trailing with 4 stars, ranks impressively at 2nd place. Both platforms offer competitive educational features, making them excellent options for beginner traders.
| 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 62 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 | 93 | 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 | 93 | 94 | |
| Winner | check_circle | ||
| Review | eToro Review | AvaTrade Review |
| Broker Screenshots | eToro | AvaTrade | |
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| Regulation | eToro | AvaTrade | |
|---|---|---|---|
| Trust Score | 93 | 94 | |
| Year Founded | 2007 | 2006 | |
| Publicly Traded (Listed) | No | 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 | 93 | 94 | |
| Winner | check_circle | ||
| Review | eToro Review | AvaTrade Review |
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