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AvaTrade vs eToro

In the table above we compare FX Broker AvaTrade vs FX BrokereToro .This is a very important step before starting to trade on the currency markets as by choosing the wrong broker could get you stuck or even put of trading in the currency markets.
Five major things to look out for are:

1. Compare Regulations: AvaTrade vs eToro
Is Broker eToro regulated or is Broker eToro regulated?
Compare AvaTrade vs eToro and find out who is regulated and where.
In the event AvaTrade or eToro goes bankrupt, the different regulators can help you recover sums up to 100,000 USD. Obviously this depends on who regulates AvaTrade, and who regulates eToro

2. Compare Account types: AvaTrade vs eToro
Every body has different needs, who is looking for an ECN forex account and who is simply looking for a market maker. Compare AvaTrade vs eToro in the table above and find out what type of accounts do they offer (DMA-STP, ECN-STP, STP, Market maker), what leverage they offer(between 1:100 and 1:2000), do your forex strategies require a Metatrader 4(MT4), do you need a demo account, have you downloaded an EA and would like to test it on AvaTrade’s demo account or eToro ‘s demo account? Do you neem direct market access or need to access AvaTrade’s API or eToro’s API?
What initial deposit is AvaTrade asking for and what initial deposit is eToro asking for?

3. Currency Pairs Offered
Do you trade the usual currency pairs or do you need a greater number of exotic currencies, compare AvaTrade vs eToro and see who offer more or less currency pairs.

4. Customer Service
One of the most important aspects is AvaTrade’s customer service vs eToro’s customer service. As if you have an issue you would like to speak or chat to someone immediately.

5. Trading Platform
The trading platform is also extremely important as you will spend a lot of time on AvaTrade’s FX trading platform or eToro’s currency trading platform. try different platforms top see which one you like, the most popular on the forex market is MT4 or Metatrader 4, but there are many other platforms like Metatrader4 ECN, MT5 or Currenex. Compare AvaTrade vs eToro and see who offers 4 digits or 5 digits pricing, which of the two allows experts advisors on the MT4.
Not to forget to compare AvaTrade’s fees vs eToro ‘s fees.
For those that a different style of trading, compare AvaTrade vs eToro to see who offers, Mirror Trader, ZuluTrade, or Signal Trader

If you would like to trade with your IOs or windows mobile platform compare AvaTrade vs eToro and see who offers a platform for your apple, android or tablet and where to download the app to FX trade with either AvaTrade or eToro

For any further questions feel free to comment below. If you would like to leave a review of AvaTrade or review eToro, feel free to do so too.

 

 

Product Name

AvaTrade

eToro

Product Image AvaTrade eToro
Price
Our Rating 5.0 5.0
Brand FX Brokers FX Brokers
Category Forex Broker Forex Broker

Broker

AvaTradeeToro
Broker Type Market maker STP
Broker Country British Virgin Islands Cyprus
Regulation FSC of BVI, Central Bank of Ireland, ASIC, FSA Japan, FFA Japan CySEC, eToroUSA: NFA, CFTC
Indipendant Broker Independent broker. Independent broker, and also introducing broker for IC Markets - in Asia Pacific, FX Solutions - in US.
Year in Industry 2006 2007
International Offices Japan, Ireland, France, Italy, Australia, Mongolia, China, Nigeria, Spain United States, United Kingdom

Account

AvaTradeeToro
Accept US Clients Yes Yes
Mini account deposit $100 $50
Standard account deposit $100 $50
Trading account currency USD Account, EUR Account, GBP Account, AUD Account, JPY Account USD Account
Leverage Account 400 : 1 Standard Account 400 : 1 Standard Account
Minimal size lot 0.01 lot 0.01 lot
Leverage Mini account Mini Account, Standard Account Mini Account, Standard Account

Payments

AvaTradeeToro
Funding method Bank Wire, Credit Card, PayPal Bank Wire, Credit Card, PayPal, Skrill, WebMoney, Neteller, Giropay, Inatec Payment AG, Worldpay, Wirecard, China UnionPay, 1Pay, Yandex Money
Withdrawal method Bank Wire, Credit Card, PayPal Bank Wire, Credit Card, PayPal, Skrill, WebMoney, Neteller

Costs

AvaTradeeToro
Commissions no no
Costs & Spreads fixed fixed
Costs/Lowest spreads on EURUSD 3 pips 3 pips

Trading

AvaTradeeToro
Premium trading Reduced spreads Personal account manager
Scalping no no
Hedging
EAs allowed yes no

Platform

AvaTradeeToro
Trading platform type MT4 Desktop/Mobile/iOS/Android/, AvaTrader (ActTrader) iOS/Android/Web/Java, Mirror Trader, ZuluTrade, AvaOptions, Signal Trader MT4 Desktop (eToro USA - min deposit $20 000),
Platform time zone GMT GMT
Decimal pricing 4 digits 4 digits
Trailing stops Trailing Stoploss No Trailing Stoploss
OCO orders OCO orders OCO orders
One click One click trading One click trading
Mobile trading
Webtrading
API Solutions

Products

AvaTradeeToro
Currency pairs 59 fx pairs (21+ exotic) 31 fx pairs
Exotic Pairs Exotic Forex Pairs
Gold Silver Gold, Silver Gold, Silver
CFD Trading CFD trading CFD trading
Other instruments Stocks, Indices, Commodities, Energies, Binary Options Indices, Commodities, Energies, Stocks

Other

AvaTradeeToro
MAM PAMM LAMM PAMM no
Managed Accounts Yes No
Swap free accounts Yes Yes
Segregated client accounts

Promotions and Offers

AvaTradeeToro
Bonuses (T&Cs apply) Yes Yes
Contests No Yes