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Compare AvaTrade vs eToro In 2024

Compare AvaTrade vs eToro to select the better forex broker for trading in 2024. Notably, selecting a reliable forex broker between AvaTrade and eToro can heavily impact all trading decisions. To choose the right broker – compare the two platforms based on unique features, mobile trading support, and withdrawal methods using AvaTrade broker review. Primarily, AvaTrade is the better brokerage choice for beginners and intermediate clients looking to trade CFDs, forex, and options. Meanwhile, eToro is a multi-asset brokerage platform – supporting social traders looking to copy profitable market positions.

As someone struggling to pick between AvaTrade vs eToro, this comparison will help make a notified decision. Ultimately, you should trade with a forex broker best suited to your unique financial requirements. Keep reading to choose a better broker between AvaTrade vs eToro comparison for forex trading.

Regulations And Security

Compare AvaTrade vs eToro regulations and security to choose the best forex broker. AvaTrade is regulated from the Central Bank of Ireland, ASIC, South African Financial Sector Conduct Authority, and B.V.I Financial Services Commission. Additionally, AvaTrade also holds FCA, FFAJ, FSRA, CySec, and ISA licenses – creating a secure environment for your trading journey. Regulations are another major factor when comparing AvaTrade vs Interactive Brokers.

Meanwhile, eToro is publicly traded company on NASDAQ following regulations from CySEC, FCS, and ASIC. As trusted regulated forex brokers, both AvaTrade and eToro offer guaranteed negative balance protection – along with segregated clients funds. Indeed, consider regulation and security review when comparing AvaTrade vs eToro in 2024.

Spreads And Fees

Next, compare AvaTrade vs eToro based on spreads and fees to choose the better forex broker. AvaTrade’s minimum spreads start from 0.9 pips for major currency pairs – creating better fee conditions for beginner traders. Meanwhile, eToro charges a minimum spread of 1.0 pips on multiple currency pairs along with fixed commissions. When combined together, commissions and higher spreads can increase your cost for high-volume trades over time.

Notably, you should choose AvaTrade vs Oanda to take advantage of a no-commission structure on all trading accounts. With AvaTrade, you’ll also need to pay an additional $50 inactivity fee after three months of no activity on a trading account. Meanwhile, eToro’s inactivity fees only cost $10 after a year of leaving your account. In terms of spreads and fees, AvaTrade is a better forex broker than eToro.

Trading Instruments

Next, compare AvaTrade vs eToro for trading instrument support in 2024. Both forex brokers offer multiple trading instruments to diversify your trading portfolios with increased profits. In 2024, AvaTrade supports 59 unique FX currency pairs whereas eToro only offers 47 tradeable forex assets. Of course, you should choose AvaTrade if you’re looking to access multiple currency pairs in the future.

With the brokerage, you can access FX currency pairs, gold & silver, oil, stocks, and cryptocurrency trading on AvaTrade. Meanwhile, eToro is a better brokerage choice for stocks and cryptocurrency traders. For instance, you can trade 10 times higher number of stocks with eToro in 2024. Definitely, choose the better forex broker between AvaTrade vs eToro based on supported trading instruments.

Trading Experience

Compare AvaTrade vs eToro based on trading experience to choose the right forex broker in 2024. With AvaTrade, experienced traders like you can access MetaTrader 4 and MetaTrader 5. Download AvaTradeGO to access multiple financial markets on your mobile – including forex, stocks, indices, commodities, and ETFs. Moreover, you also get access to AvaProtect which offers better risk protection for a secured trading environment.

Meanwhile, eToro’s user-friendly proprietary platform provides ideal trading conditions for beginners. With eToro’s social platform, you can copy positions from successful forex traders – enhancing your trading experience in the beginning. Definitely, choose the better forex broker between AvaTrade vs eToro after comparing your overall trading experience.

Education Support

Compare AvaTrade vs Exness vs eToro to choose a forex broker with better education support. With AvaTrade, you can access in-house education resources – along with a range of learning material from third-party sources. For instance, you can leverage AutoChartist to analyze short-term technical signals for intra-day trading.

When compared with eToro, AvaTrade offers better education support across all trading platforms. With eToro, you can only access a few YouTube videos, tutorials, and limited educational resources. In fact, many beginners may struggle to find relevant resources to resolve their queries with eToro trading school. Indeed, compare these forex brokers based on education support to select the better platform.

In comparing both platforms, several key factors are taken into consideration. Firstly, search about brokers’ rules and security measures to avoid forex broker scams. Ensure that the broker spread, commissions, and other charges are transparent and low. Select a broker that offers trading instruments as per your preferences. Based on your trading experience, choose a broker to access multiple financial markets. Finally, determine the education support availability option to take your trading knowledge to the next level. Follow the points above to read a comparison of AvaTrade vs eToro.

Author of this article

Picture of Chad Axelrod

Chad Axelrod

Chad Axelrod is a professional forex trader and market analyst with 15+ years of industry experience. Starting his career on Wall Street, he quickly realized his passion for writing and finance, working with a national publication for a decade. Through his posts, reviews, and broker comparisons - he believes beginner and seasoned traders should make informed decisions while selecting a broker. Leading the team at BrokerageToday.com, Chad prioritizes publishing unbiased and transparent reviews for traders in the industry.

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