Is better than eToro? Who offers lower spreads, better trading conditions, and is a safe broker to trade?

We provide answers to all questions in this vs eToro Comparison Review. For this Review, we opened real accounts and deposited over US $9,500 in total to compare both offerings, account opening process at and eToro also the fees, trading conditions, platform selection, and withdrawal process. vs eToro Compared

What are and eToro? is a forex and contracts for differences (CFDs) broker which offers trading services with forex, indices, commodities, cryptocurrencies, stock CFDs, as well as spread betting in the UK and Ireland.

eToro is one of the largest, Best Social trading Brokers and a platform with a good range of portfolios and the Top number of investors.

Some of the highlights of vs eToro are: eToro
🛡️Founded year20162006
🏦 HeadquarterThe United KingdomIsrael
🗺️ Authorized & Regulated inUK, Cyprus, BelarusUSA, UK, Australia, Cyprus
🔒 Is Broker safeYesYes
💰 EUR/USD Spread0.80.97
💳 Minimum depositUS$20 US$50 or US$500
💰 Withdrawal feeUS$0US$5
🖥️ Trading PlatformMT4, Mobile appeToro’s trading platform
📈 Markets offeredForex, Indices, Stocks, Commodities, CryptocurrenciesIndices, Forex, Commodities, Stocks, Cryptocurrencies, ETFs
📉 Number of Products3720 (depends on the jurisdiction)986
🔎 Our Detailed RevieweToro Review

Licenses and Regulation

On this vs eToro comparison review, we found out that both brokers are safe to trade and highly reliable; they provide low-risk trading due to regulations and are not a scam. holds 3 regulatory licenses, regulated in the United Kingdom, Cyprus, and Belarus. eToro, in its turn, is licensed by some of the top global regulators like the UK’s FCA, CySEC, ASIC, and FinCEN.

For this review, we opened a standard account on the MT4 platform with SV Investments Limited which is regulated by CySEC in Cyprus, and an account under eToro (Europe) Limited regulated by CySEC.

We recommend that you register your account with the CySEC entity and the eToro UK or CySEC entity if they are available in your jurisdiction.

🔒 LicensesFCA
IE Singapore
Top Tier License✔️✔️
Publically Traded
Compensation Scheme✔️ (depending on the entity)✔️ (depending on the entity) vs eToro Fees and eToro fees are similar and mainly built into a spread basis, there are no commission-based accounts.

There are a few non-trading fees charged by eToro. The broker charges a $10 monthly fee after a year for inactive accounts. Though deposit and account maintenance are free on eToro, it charges $5 for each withdrawal, while doesn’t charge any deposit, withdrawal, inactivity, or account maintenance fees. FeeseToro Fees
Fees based on the spread✔️✔️
Floating Spread✔️✔️
Fixed Spread
Commission-based fees
Inactivity Fee$0$10
Deposit fee$0$0
Withdrawal fee$0$5
Active trader/ VIP Programs✔️ ✔️

Spreads Charged in Our Trades

For our test trades on vs eToro accounts, we chose popular instruments in each market. We placed 3 trades for each instrument to get the average spread, we found both negative and positive sides for each Broker spread. spreads for Forex are much lower than the industry average. Spreads on Indices and gold are also on the lower side. However, spreads charges on Stocks and cryptocurrency traders are too high.

eToro spreads for Indices and Forex are below the industry average. For commodities and stock CFDs, spreads are above the industry average. Cryptocurrencies in our trades are more than double the industry average. Avg.
eToro Avg. spreadIndustry avg. spread
IndicesFTSE 1001.41.41.65

Account Types Compared offers three types of accounts to retail traders. eToro, in its turn, offers only a single account with access to all tools and services.

Opening a new account with was smooth and quick, the registration process took around 16 minutes, and our account was approved on the same day.

Opening a new account on eToro was very simple and easy, the registration process took merely 11 minutes. AccountseToro Accounts
Standard Account✔️✔️
ECN / Commission Based Account
Islamic Account✔️
PAMM Account

Markets and Products offers a wider range of instrument selection compared to eToro, however, all are traded as CFDs, eToro is primarily a Forex and CFD broker, but also offers trading services with real Stocks, ETFs, and Cryptocurrencies. InstrumentseToro Instruments

Trading Conditions offers excellent trading conditions. It allows hedging and scalping strategies, while eToro doesn’t allow scalping, and conditions are fair and suitable for beginning traders.

Trading MethodCapital.comeToro
Hedging✔️✔️ (eToro will retain the profits)
Change Leverage✔️
Copy trading/ Social trading✔️
Beginners Trading ✔️
Professional Trading

Deposit and Withdrawal

Our overall experience with both deposit and withdrawal processes on was positive, however, we were disappointed by the lack of support for eWallets, also there was an issue with our first withdrawal request.

Both deposit and withdrawal processes on eToro are simple enough, supporting various funding methods. However, it charges a flat fee of $5 for every withdrawal. 

We tested the deposit process on only using a debit card.

We tested the deposit process on eToro using multiple payment modes and, in each case, the deposits were received instantly.

💰 Deposit Fee
💰 Withdrawal fee$5
💳 Minimum deposit✔️ (based on account type)US$50 or US$500
Bank Transfer✔️✔️
Debit/ Credit Cards✔️✔️

Trading Platform

eToro uses its unique platform and does not offer any other alternatives. The platform looks modern and is easy to use, however it lacks professional research tools, comprehensive fundamental data while analysis is rather basic. offers two platforms like MetaTrader 4 and trading app.

eToro is known for its social trading feature. In fact, it gained popularity because of this feature. It basically has two features: CopyTrader and CopyPortfolio. onboards professional clients, offering them higher leverage levels. PlatformeToro Platform
Proprietary Platform✔️✔️
Web Platform✔️✔️
Desktop Platform✔️
Mobile App✔️✔️
Alternative Platforms✔️
Simple to use platform✔️✔️
Demo Account Trading✔️✔️
Execution Agency Model
Advanced Research tools✔️

Education and Support

eToro does not offer high-quality education resources, while offers exceptional educational resources. and eToro both offer decent customer support with Live Chat and support inquiries. offers detailed courses, in-depth articles, and guides to educate traders.

We found eToro developing its learning materials and established eToro Trading School. SupporteToro Support
Trading School for Beginners✔️
Trading Videos✔️
Daily News and Analysis✔️
Economic Calendar✔️✔️
Live Chat✔️✔️
Email Support✔️✔️
24/7 availability✔️

Conclusion on vs eToro

This comparison review of vs eToro showed that these brokers are trustworthy. eToro is suitable for beginners, it has some attractive features such as social trading. is attractive by its forex trades being much lower than the industry average, it allows hedging and scalping.

Trading costs are relatively similar, based on a spread with no commission with a competitive trading environment.

Overall, our experience with was positive. Although, we did face some issues with the first withdrawal process. We recommend to forex traders who run EA and other trading strategies.

Our trading experience on the eToro platform was smooth. eToro is good for beginners and experienced/popular traders. It has some attractive features like social trading and is Best for the number of Top Traders.

Recommended for✔️ Cryptocurrency Trading
✔️ Scalping Trader
✔️ MT4 Trader
✔️ EA Trader
✔️ Stocks Trader
✔️ Social Trading
✔️ Beginning Traders
✔️ Trading Currency Pairs
✔️ Cryptocurrency Trading
✔️ Stocks Trading
Might not be fit for❌ Futures Trading
❌ Commission Based Trading
❌ Scalping trader
❌ Hedging trader
❌ EA trader
❌ Trading through MT4/MT5 platform only
❌ Commission-based trading

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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