AvaTrade was launched in 2006, and a year later in 2007 eToro was launched. In the years that followed, these two brokers have become market leaders by creating innovative products and signing up millions of customers. We thought these two are worthy competitors and what better way to find the winner than through a head to head comparison.
Platform ease of use
AvaTrade has a wide variety of assets, as you shall see in the next sections. Not all of these assets can be traded from the same platform, so the broker had to provide just as wide a variety as the assets it offers. For instance, MetaTrader 4 and MetaTrader 5 are two of the most popular platforms, and both are offered by AvaTrade. In addition, AvaOptoins meant specifically for options trading, AvaTradeGO, social trading through DupliTrade or Zulutrade, and web trading. All these choices have their specific advantages, but it’s good to have these choices.
Unfortunately, eToro does not have as many choices, providing its users with only a web trader and mobile apps. While these are very good and capable of handling everything, it’s definitely better to have different choices. Many traders will also be disappointed that they won’t get MetaTrader 4 as it is the most popular trading platform.
AvaTrade wins by having many trading platform choices.
Trading fees on AvaTrade are always calculated by a spread instead of commissions. The spread charged is usually very reasonable and mostly even lower than the rest of the market. For example, the EUR/USD spread is frequently below 1 pip and popular stocks have a 0.13% spread. Withdrawals and deposits are free of charge with this broker.
Unlike AvaTrade, eToro will charge you $5 for each withdrawal with the minimum amount being $50. Trading fees here are also calculated by spread, but the spread is higher than that on AvaTrade. However, there is no spread or commission when trading real assets, but you would have to give up leverage for that.
In the end, AvaTrade demonstrates lower trading fees and wins this round too.
- Bank transfer
- Credit Card (Visa, MasterCard, Diners Club, Maestro),
- Credit/debit card (excluding Canada)
- Wire transfer
- Skrill (not available for EU and Australian residents)
- WebMoney (not available for EU and Australian residents)
- Neteller (not available for EU and Australian residents)
AvaTrade is primarily a Forex trading broker, and it does offer many currency pairs from the majors, minors and exotics. More assets are provided in the form of CFDs including indices, bonds, commodities, stocks, cryptocurrencies and ETFs. There is also options trading, which is very rare nowadays.
eToro also has most of these assets including Forex pairs, cryptocurrencies, indices, commodities, stocks and ETFs in the form of CFDs. ETFs, cryptocurrencies and stocks can also be bought and sold as real assets when one opts out of leverage.
In sheer numbers, AvaTrade comes out on top.
The main reason why people love eToro is that it facilitates social trading through various platforms including CopyPortfolio and Copy People. With these, one can copy any other individual’s trades and execute them as their own. But AvaTrade has a similar feature through DupliTrade and also as a partnership with ZuluTrade. The only difference is that AvaTrade’s social trading features aren’t as integrated into the platform as eToro’s offering.
For this reason, eToro winds up winning this round.