AvaTrade vs eToro – a Detailed Side-by-Side Comparison of two Highly regulated and trusted Forex Brokers in South Africa.
| 🔎 Broker | 🥇 Avatrade | 🥈 eToro |
| 🔄 General comparison | 4/5 | 4.5/5 |
| 🏛️ Regulation | 4/5 | 4/5 |
| 📊 Spreads and fees | 4/5 | 4.5/5 |
| 📈 Trading Platforms | 5/5 | 4.5/5 |
| 📱 Trading Apps | 5/5 | 4/5 |
| 🛠️ Analytical Tools | 4/5 | 4/5 |
| 🎓 Educational Resources | 5/5 | 4/5 |
| ⭐ Trust Score | 93 | 93 |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Avatrade vs eToro – Key Point Quick Overview
- ☑️ AvaTrade Quick Overview
- ☑️ eToro Quick Overview
- ☑️ Overall Broker Comparison
- ☑️ Regulation Comparison
- ☑️ Assets Comparison
- ☑️ Fees Comparison
- ☑️ Account Types Comparison
- ☑️ Trading Conditions Comparison
- ☑️ Deposit Options Comparison
- ☑️ Trading Platforms Comparison
- ☑️ Analytical Tools Comparison
- ☑️ Educational Resources Comparison
- ☑️ In Conclusion
- ☑️ Our Findings
- ☑️ Frequently Asked Questions
AvaTrade Quick Overview
AvaTrade was established in 2006 and now has regulatory licenses in several financial centers across the world. AvaTrade offers spot forex, forex options, and CFDs on several asset classes, including cryptocurrencies, through its web, desktop, and mobile trading platforms. AvaTrade is a well-known, international company that has earned praise for its variety of FX and CFD trading platforms and its excellent teaching materials, earning it the title of “Best in Class” for Beginner traders.
Moreover, AvaTrade’s extensive library of instructional materials comes not only from the company’s experts but also from third-party vendors like Trading Central and its brand.
eToro Quick Overview
eToro is one of the world’s biggest social networks, serving customers in more than 140 countries and boasting more than 13 million registered members on its constantly evolving, innovative platform.
Moreover, it offers 3,056 tradable instruments and it has a straightforward trading platform. eToro’s online interface and mobile trading app strike a great balance between ease of use and robust functionality. eToro is perfect for active traders with a lot of experience who want to be paid to share their expertise with others, and for regular traders who want to crowdsource investment ideas utilizing the power of copy trading.
The intuitive interface of the eToro trading platform can be especially helpful for novice traders who need guidance.
Overall Broker Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 eToro |
| 🔄 General comparison | 4/5 | 4.5/5 |
| 🏛️ Regulation | 4/5 | 4/5 |
| 📊 Spreads and fees | 4/5 | 4.5/5 |
| 📈 Trading Platforms | 5/5 | 4.5/5 |
| 📱 Trading Apps | 5/5 | 4/5 |
| 🛠️ Analytical Tools | 4/5 | 4/5 |
| 🎓 Educational Resources | 5/5 | 4/5 |
| ⭐ Trust Score | 93 | 93 |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Regulation Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 eToro |
| ⭐ Trust Score | 93 | 93 |
| 📅 Year founded | 2006 | 2007 |
| 🇿🇦 Licensed in South Africa | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
Both AvaTrade and eToro offer an extremely well-regulated and secure trading environment. When trading Forex and CFDs with AvaTrade and eToro, South Africans are protected by the FSCA.
Assets Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 eToro |
| 📈 Forex | ✅Yes | ✅Yes |
| 📉 CFDs | ✅Yes | ✅Yes |
| 📊 Bonds | ✅Yes | None |
| 🍎 Commodities | ✅Yes | ✅Yes |
| 💹 ETFs | ✅Yes | ✅Yes |
| 💎 Treasuries | ✅Yes | None |
| 📌 Indices | ✅Yes | ✅Yes |
| 📍 Options | ✅Yes | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
AvaTrade currently offers 55 forex pairs that can be traded while eToro only offers 49 pairs. Apart from the tradable forex pairs, South African traders can access 1,260 tradable instruments from AvaTrade and 3,056 instruments from eToro.
Fees Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 eToro |
| 💴 Commissions Charged | None | None |
| 💶 ECN Execution | None | None |
| 💵 Market Maker Execution | ✅Yes | ✅Yes |
| 💷 Inactivity Fee | ✅Yes | ✅Yes |
| 💴 Currency Conversion Fees | ✅Yes | ✅Yes |
| 💶 Deposit Fee | None | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
Both AvaTrade and eToro are transparent with their pricing and fee schedules. Based on the assessment carried out on AvaTrade vs eToro, AvaTrade offers better pricing.
Account Types Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 eToro |
| 1️⃣ Standard Account | ✅Yes | ✅Yes |
| 2️⃣ Cent Account | None | None |
| 3️⃣ Commission-Free Account | ✅Yes | ✅Yes |
| 4️⃣ ECN Account | None | None |
| 5️⃣ Demo Account | ✅Yes | ✅Yes |
| 6️⃣ Islamic/Swap-Free Account | ✅Yes | ✅Yes |
| 7️⃣ Managed Accounts | ✅Yes | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
When compared, AvaTrade and eToro offer an excellent range of accounts. Moreover, both brokers offer Demo and Islamic Account options.
Trading Conditions Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 eToro |
| 📈 Hedging | ✅Yes | ✅Yes |
| 📉 Scalping | ✅Yes | None |
| 📊 Dynamic Leverage | None | ✅Yes |
| 💹 Beginner Trading | ✅Yes | ✅Yes |
| 📌 Professional Trading | ✅Yes | ✅Yes |
| 📍 Copy/Social Trading | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
When compared, AvaTrade and eToro offer excellent trading conditions. Both Brokers offer access to Hedging, Scalping, and, Copy/Social Trading.
Deposit Options Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 eToro |
| 💴 Bank wire | ✅Yes | ✅Yes |
| 💶 MasterCard | ✅Yes | ✅Yes |
| 💵 PayPal | ✅Yes | ✅Yes |
| 💷 Skrill | ✅Yes | ✅Yes |
| 💴 Neteller | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
When compared, Deposit options offered by AvaTrade and eToro are all trusted methods. Options available include Bak Wire Transfer, PayPal, and Neteller.
Trading Platforms Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 eToro |
| 💻 Desktop Platform | ✅Yes | None |
| 📱 Mobile App | ✅Yes | ✅Yes |
| 🖱️ Social Trading | ✅Yes | ✅Yes |
| 4️⃣ MetaTrader 4 | ✅Yes | None |
| 5️⃣ MetaTrader 5 | ✅Yes | None |
| 📌 DupliTrade | ✅Yes | None |
| 📍 ZuluTrade | ✅Yes | None |
| ❤️ Proprietary Platform | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
Both AvaTrade and eToro feature proprietary trading platforms that are popular among retail traders. However, AvaTrade also offers third-party software from MetaTrader, DupliTrade, ZuluTrade, and others, while eToro only has its in-house platform on mobile and web
Analytical Tools Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 eToro |
| 📅 Economic Calendar | ✅Yes | ✅Yes |
| ✏️ Social Sentiment | ✅Yes | ✅Yes |
| 📔 Trading Central | ✅Yes | None |
| 📚 AutoChartist | None | None |
| 📒 Forex News Sources | ✅Yes | None |
| 📑 Daily Market Commentary | ✅Yes | ✅Yes |
| 📈 Trading View | None | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
When compared, AvaTrade is best in class with access to Trading Central, Social sentiments, and, a Blog.
Educational Resources Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 eToro |
| 🎓 Offers education | ✅Yes | ✅Yes |
| ✏️ Webinars | ✅Yes | ✅Yes |
| 📔 Beginner training videos | ✅Yes | ✅Yes |
| 📚 Advanced training videos | ✅Yes | ✅Yes |
| 📒 Tutorials | ✅Yes | ✅Yes |
| 📑 eBooks | ✅Yes | ✅Yes |
| 🗃️ Glossary | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
Both AvaTrade and eToro offer access to an impressive range of educational materials that will benefit both Beginner and Professional Traders.
In Conclusion
AvaTrade and eToro have proven to be excellent Broker choices with impressive all-round offerings. Moreover, it is suited to all levels of Traders in South Africa.
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Our Findings
While comparing AvaTrade and IG we have found that each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Selecting the Best Forex Broker will depend on a trader’s individual trading needs.
You might also like: AvaTrade Review
You might also like: eToro Review
Frequently Asked Questions
Do these brokers both offer MetaTrader?
Only AvaTrade provides MetaTrader 4 and MetaTrader 5 on mobile, web, and desktop. eToro does not support MetaTrader and only offers its social trading platform on mobile and web.
Is it safe to trade with AvaTrade?
It is safe to trade with AvaTrade. AvaTrade is licensed by multiple Tier-1 Regulators and it offers special security features.
Is it safe to trade with eToro?
eToro is considered low-risk, with an overall Trust Score of 93 out of 100.
Is AvaTrade a good broker?
AvaTrade is a popular and trusted broker that has built up a good reputation in the forex and CFD industry. AvaTrade offers a wide selection of trading platforms and a good range of tradable instruments.
Is eToro a good broker?
eToro is a good broker and the leading social trading platform in the industry. eToro is known for its user-friendly copy-trading platform and exclusive rewards for signal providers.
