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AvaTrade
Capital at risk · T&Cs apply
AvaTrade and eToro are two prominent brokers, each catering to different types of traders. AvaTrade, with a rating of 3.98/5, appeals to forex and CFD traders who value a wide range of markets and leverage up to 1:400, while also benefiting from comprehensive educational resources. It is ideal for those who prefer trading without commissions and utilise platforms like MT4 and MT5. On the other hand, eToro, rated slightly higher at 4.01/5, is well-suited for beginners and social traders, offering real stock ownership and a unique social trading experience, though with lower leverage and a more straightforward proprietary platform.
AvaTrade
eToro
| AvaTrade | eToro | |
|---|---|---|
| BrokerRank Score | 4.0/5 | 4.0/5 ✓ |
| Min. Deposit | $100 ✓ | $50 |
| Spread from | 0.9 pips ✓ | 1 pips |
| Max Leverage | 1:400 ✓ | 1:30 |
| Regulation | FCA, ASIC, MAS | FCA, CySEC, ASIC ✓ |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
AvaTrade (4.0/5) and eToro (4.0/5) are closely matched. AvaTrade has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowAvaTrade
eToro
WinnerAvaTrade
Lower feeseToro
AvaTrade and eToro both prioritise regulatory compliance, but their regulatory coverage varies. AvaTrade, with its headquarters in Dublin, Ireland, is regulated by several prominent bodies including the FCA in the UK, ASIC in Australia, and MAS in Singapore. This extensive regulatory oversight across six jurisdictions enhances its credibility and assures traders of stringent safety measures. AvaTrade also provides fund protection schemes that comply with its regulatory obligations, which adds a layer of security for client funds.
eToro, headquartered in Tel Aviv, Israel, is similarly well-regulated, holding licences from the FCA, CySEC, ASIC, and even the SEC in the United States. This positions eToro favourably, especially for traders in the US where regulatory oversight is rigorous. eToro’s regulatory adherence is complemented by fund protection schemes and the inclusion of a crypto wallet, which is particularly beneficial for cryptocurrency traders.
AvaTrade offers competitive spreads starting from 0.9 pips across major forex pairs, making it a cost-effective choice for forex traders. AvaTrade does not charge commissions on most accounts, which can be advantageous for traders seeking to minimise transaction costs. However, AvaTrade does impose an inactivity fee of $50 after three months, which may affect traders who trade infrequently. The minimum deposit required to open an account with AvaTrade is $100, and the maximum leverage offered is 1:400, appealing to those who wish to trade with a higher leverage.
eToro offers spreads starting from 1 pip, which is slightly higher than AvaTrade. Like AvaTrade, eToro does not charge commissions, maintaining cost-effectiveness for traders. However, eToro has a $5 withdrawal fee and charges an inactivity fee after 12 months, which is less frequent compared to AvaTrade. The minimum deposit for eToro is lower at $50, making it more accessible to beginners, but the maximum leverage is capped at 1:30, following stricter regulatory standards.
AvaTrade provides a diverse range of trading platforms, including the popular MetaTrader 4 and MetaTrader 5, as well as a proprietary mobile platform. These platforms are known for their robust trading tools and customisation options, catering to both novice and experienced traders. eToro, on the other hand, offers a proprietary web and mobile platform renowned for its user-friendly interface and innovative social/copy trading features. While eToro’s platform is ideal for beginners, it may lack the advanced charting tools found on MetaTrader.
For beginners, eToro stands out with its intuitive platform and social trading features. For professional traders interested in high leverage and advanced trading tools, AvaTrade is the better choice. When it comes to fees, AvaTrade edges out slightly with lower minimum deposits and no withdrawal fees.
AvaTrade
4.0/5
Choose AvaTrade if you want…
eToro
4.0/5
Choose eToro if you want…
AvaTrade (4.0/5) and eToro (4.0/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
AvaTrade offers spreads from 0.9 pips, while eToro starts at 1 pips. Check the fees section above for a full breakdown.
AvaTrade requires a minimum deposit of $100. eToro requires $50.
AvaTrade is regulated by FCA, ASIC, MAS, while eToro holds licences from FCA, CySEC, ASIC, SEC.
AvaTrade supports MT4, MT5, Proprietary Mobile. eToro supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.