Written by ForexBrokers.com
In this head to head comparison of eToro vs Spreadex, 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.
eToro and Spreadex are two online brokers evaluated based on their trust and regulatory standings. Established in 2007, eToro holds a strong trust score of 93 out of 99 according to ForexBrokers.com, highlighting it as a highly trusted platform. It is important to note that eToro is not a bank, and it is also not publicly traded. Regarding regulatory oversight, eToro is backed by an impressive three Tier-1 licenses and one Tier-2 license, emphasizing a secure foundation for its users.
On the other hand, Spreadex, founded in 1999, holds a trust score of 71, placing it within the average risk category. Like eToro, Spreadex is not listed on a stock exchange and does not operate as a bank. In terms of regulatory standings, Spreadex holds one Tier-1 license but lacks any Tier-2 licenses. This comparison underscores the notable differences in trust scores and regulatory backing between the two brokers, offering clarity for individuals deciding between these two financial service providers.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Year Founded | 2007 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
eToro, known for its social copy trading platform, features a variable spread of approximately 1 pip on the EUR/USD pair. While this spread is slightly above the industry average, many retail traders are drawn to eToro not for its spreads, but for its unique social trading features. The broker offers a VIP club called eToro Club, with five tiers ranging from Silver to Diamond, for traders maintaining account balances from $5,000 to $250,000. These tiers provide various benefits, such as access to Trading Central, reduced withdrawal and deposit fees, and a dedicated account manager. eToro receives a commendable rating of 4.5 stars for commissions and fees and is ranked #22 out of 62 brokers by ForexBrokers.com.
On the other hand, Spreadex offers average spreads of 0.81 pips for the EUR/USD pair, which are competitive. Notably, this broker achieved a minimum spread of 0.6 pips 60% of the time in January 2024, reflecting its commitment to providing attractive spread conditions for traders. With a solid 4-star rating for its commissions and fees, Spreadex is ranked #30 by ForexBrokers.com in the same category, demonstrating its good standing among peers.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average Spread EUR/USD - Standard | 1 | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing eToro and Spreadex, both offer forex trading through CFDs or spot contracts. Spreadex impresses with a wider selection of tradeable symbols, boasting 10,000 compared to eToro's 5,461. However, eToro edges ahead in forex pairs, offering 55 to Spreadex's 52. A standout feature of eToro is its ability to provide users with the opportunity to purchase exchange-traded securities on U.S. and international markets, a service not offered by Spreadex.
In addition to traditional investments, eToro excels in innovative features, such as copy trading and the ability to purchase actual cryptocurrencies, in contrast to Spreadex, which limits its cryptocurrency offerings to derivatives. Both platforms earn a five-star rating for their investment range, though eToro is slightly ahead in broker rankings with a #10 spot compared to Spreadex's #13. These features might make eToro a more versatile option for those seeking a diverse portfolio and cutting-edge tools.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 10000 |
| Forex Pairs (Total) | 55 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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 trading platforms and tools between eToro and Spreadex, eToro emerges with a slight edge due to its features tailored to enhance user experience. eToro provides a free virtual demo account, allowing users to practice trades without financial risk—a feature not offered by Spreadex. Both brokers provide proprietary and web-based platforms, but their difference lies in availability of copy trading, which eToro offers and Spreadex does not. While neither supports the popular MetaTrader platforms or additional social trading services like DupliTrade and ZuluTrade, eToro shines with 161 charting drawing tools compared to Spreadex's 11. Users looking for robust technical chart trading may prefer Spreadex, as it enables trading directly from stock charts.
eToro also allows more personalization with 6 fields for watch lists, whereas Spreadex offers 8. This balance of features reflects their ratings: eToro earns 4.5 out of 5 stars in Trading Platforms and Tools, placing it in the top 10 of 62 brokers rated by ForexBrokers.com at rank #8. On the flip side, Spreadex receives 4 stars and ranks #46, suggesting that while both platforms offer solid options, eToro may cater more to those seeking innovative trading experiences and strategic planning through its diverse toolset and easy-to-use demo account.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 55 |
| Charting - Drawing Tools (Total) | 161 | 11 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of eToro and Spreadex, both platforms offer iPhone and Android apps, catering to a broad range of users. eToro stands out with its ability to sync watchlist symbols between the mobile app and the user's online account, ensuring seamless integration. In contrast, Spreadex lacks this feature. Additionally, eToro provides an extensive selection of 104 technical studies for charting, although it does not support drawing trendlines on charts. Meanwhile, Spreadex, despite not sharing eToro's extensive charting resources, allows users to draw trendlines. Both apps facilitate viewing stocks or forex across multiple time frames and offer real-time quote watchlists. However, neither app saves chart drawings automatically.
In terms of user satisfaction, eToro's mobile app is highly rated at 4.5 stars, placing it at #11 in the Mobile Trading Apps category among 62 brokers evaluated by ForexBrokers.com. Spreadex, while slightly lower at a 4-star rating, comes in at #49, indicating potential areas for improvement. Despite this, both eToro and Spreadex provide essential tools for mobile trading with price alerts and offer a user-friendly experience for traders on the go.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | N/A |
| 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 tools, eToro and Spreadex both offer daily market commentary and sentiment-based trading tools. However, they differ significantly in other aspects. eToro does not provide forex news from top-tier sources like Bloomberg or Reuters, while Spreadex does. For technical analysis, eToro stands out with support from Trading Central, offering advanced analytical tools which Spreadex lacks. Additionally, eToro enhances its research offerings with insights from TipRanks, a feature not available with Spreadex.
Both eToro and Spreadex offer economic calendars to track global news events. Despite some differences, Spreadex is slightly less impressive in their research capabilities compared to eToro, as indicated by their respective ratings and rankings. eToro achieves a higher research rating of 4.5 stars and ranks #13 out of 62 brokers, while Spreadex follows with a 4-star rating and a #31 ranking. These distinctions highlight eToro as a more favorable option for traders prioritizing comprehensive market research.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| 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 it comes to educational resources for beginners, eToro and Spreadex both offer essentials to help new traders get started. Both platforms provide a collection of more than ten educational pieces focused on forex and CFDs, and they both include at least ten beginner videos that clearly explain trading topics for newcomers. eToro takes a step further by hosting monthly online webinars which Spreadex does not offer. Additionally, eToro provides a searchable archive of previously recorded client webinars, presenting a valuable resource for those who want to learn at their own pace, a feature that Spreadex lacks.
For traders seeking in-depth learning, eToro holds an advantage by offering more than ten advanced educational videos tailored for experienced users, a service not matched by Spreadex. Both brokers offer an investor dictionary with over fifty investment terms, which is a handy tool for clarifying terminology. According to ForexBrokers.com, eToro ranks impressively at #5 out of 62 brokers in the Education category and is rated 4.5 stars, while Spreadex is positioned at #45 with a 4-star rating. This comparison highlights eToro as a preferred choice for those focused on educational offerings and continuous learning opportunities in the trading journey.
| Feature |
eToro
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 Spreadex. eToro finished with an overall rank of #9, while Spreadex finished with an overall rank of #39.
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
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Spreadex
|
|---|---|---|
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| Trust Score | 93 | 71 |
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eToro allows users to buy actual delivered cryptocurrency and offers cryptocurrency derivatives, while Spreadex only provides the option to trade in cryptocurrency derivatives, not actual cryptocurrencies.
When comparing online brokers, eToro stands out by offering multiple flexible payment options including ACH, SEPA transfers, PayPal, Skrill, and major credit cards (Visa or Mastercard), alongside bank wire transfers, whereas Spreadex supports only credit card payments and bank wire transfers, lacking the diverse range offered by eToro.
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 | Spreadex | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review | Spreadex Review |
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| Regulation | eToro | Spreadex | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| Year Founded | 2007 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 10000 | |
| Forex Pairs (Total) | 55 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 8 | |
| Charting - Indicators / Studies (Total) | 104 | 55 | |
| Charting - Drawing Tools (Total) | 161 | 11 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | N/A | |
| 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 | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | eToro | Spreadex | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review | Spreadex Review |
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