Here we list the best alternatives to eToro. Traders that are looking for brokers that are similar to eToro on specific features should check the detailed comparison table below.
Top 2 alternatives to eToro
These brokers are the best alternatives to eToro that also accept traders from your location. They are listed in order of similarity in terms of markets and features.
- Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience.
- Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 830,000 clients worldwide. It offers access to 1,400+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, helping to ensure a secure environment for day traders at all levels.CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-89% of retail investor accounts lose money when trading CFDs.
Detailed comparison
Compared broker eToro | Alternative #1 AvaTrade | Alternative #2 Pepperstone | |
|---|---|---|---|
| Visit broker | VisitReview 61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. | VisitReview | VisitReview CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-89% of retail investor accounts lose money when trading CFDs. |
| Promotions | – | ||
| Bonus | Get A Free Stock Worth $50 | – | – |
| Instruments | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting |
| Demo Account | Yes | Yes | Yes |
| Minimum Deposit | $50 | $100 | $0 |
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| Minimum Trade | $10 | 0.01 Lots | 0.01 Lots |
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| Regulator | FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC | ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct) | FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya |
| Margin Trading | Yes | Yes | Yes |
| Margin Rate | 6.40% | – | – |
| STP Account | Yes | Yes | Yes |
| ECN Account | No | No | Yes |
| DMA Account | No | No | Yes |
| MAM Account | No | Yes | Yes |
| PAMM Account | No | Yes | Yes |
| LAMM Account | No | No | No |
| Demat Account | No | No | No |
| AI / Machine Learning | Yes | Yes | No |
| Robo Advisor | No | No | No |
| Negative Balance Protection | Yes | Yes | Yes |
| Market Maker | Yes | Yes | No |
| P2P Trading | No | No | No |
| Spot Trading | Yes | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android | iOS & Android |
| Trading App | eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand. | AvaTradeGO consistently impresses with its comprehensive mobile trading experience, boasting an interface that's not just easy to use, but genuinely intuitive. Navigating the app is a breeze, ensuring fast access to hundreds of markets, including forex, stocks, indices, commodities, ETFs, and bonds. However, what sets AvaTradeGO apart is its AvaProtect™ feature, offering an unmatched level of risk protection that's rare to find elsewhere. | Pepperstone excels for its excellent integration with the MT4, MT5, cTrader, and TradingView apps, making it a standout option for day traders familiar with these leading third-party trading solutions. These platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone's almost unrivalled execution speeds and wide range of asset classes. Recent improvements also helped it secure second place in DayTrading.com's annual 'Best Trading App' award for 2025. |
| Auto Trading | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader, cBots on cTrader |
| Copy Trading | Yes | Yes | Yes |
| Copy Trading Platform | eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners. The latest 'Live Trades' feature also offers real-time insights into the securities being bought by the platform's popular investors. | AvaTrade maintains a top position when it comes to social and copy trading tools. Traders can access the proprietary AvaSocial app as well as popular third-party platforms, DupliTrade and ZuluTrade. The comprehensive performance metrics can help you find the right strategy provider for your goals and risk appetite. | Pepperstone facilitates the replication of experienced traders' strategies through MetaTrader Signals, DupliTrade and now its own copy trading app (available in certain regions) through a partnership with Pelican Trading, providing access to thousands of experienced traders and personalized risk parameters. On the downside, it lacks support for cTrader Copy which may deter users familiar with the terminal from Spotware. |
| Social Trading | Yes | Yes | No |
| Trade Signals | Yes | Yes | Yes |
| VPS Hosting | No | No | No |
| Tournaments | No | No | No |
| Demo Competitions | No | No | No |
| Ethical Investing | Yes | No | No |
| Custodial Account | No | No | No |
| Guaranteed Stop Loss | No | No | No |
| Inactivity Fee | $10 | $50 | $0 |
| Islamic Account | Yes | Yes | Yes |
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| CFD Trading | |||
| Overview | You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides. | AvaTrade's 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. What we love is that you can speculate on rising and falling prices in the broker’s feature-rich web and mobile platforms with market-leading research tools to help you discover short-term trading opportunities. | Pepperstone maintains its position as one of the fastest and most dependable CFD brokers during our latest round of testing. With execution speeds averaging around 30ms and an outstanding fill rate of 99.90%, the broker ensures a seamless trading experience without requotes or dealing desk interference. It also provides ample trading opportunities across over 1,300 assets. |
| Leverage | 1:30 EU | 1:30 (Retail) 1:400 (Pro) | 1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya) |
| FTSE Spread | 1.5 | 0.5 | 1.0 |
| GBPUSD Spread | 1.9 | 1.5 | 0.4 |
| Oil Spread | 0.05 | 0.02 | 0.02 |
| Stocks Spread | 0.57 (Apple) | 0.13 | 0.02 |
| Forex Trading | |||
| Overview | An above-average selection of 55 currencies are available with reasonable spreads averaging 1.0 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators. | AvaTrade delivers 50+ currency pairs with tight spreads from 0.9 pips and zero commissions. Trade majors, minrs, and exotics 24/5 on leading forex platforms, notably MT4, with sophisticated charting tools and forex education to sharpen your edge, including a dedicated guide to 'Currency Trading'. | Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice. |
| GBPUSD Spread | 1.9 | 1.5 | 0.4 |
| EURUSD Spread | 1.0 | 0.9 | 0.1 |
| EURGBP Spread | 1.3 | 1.5 | 0.4 |
| Assets | 55 | 50+ | 100+ |
| Crypto Trading | |||
| Overview | eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 100+ tokens which is continually being updated, including 29 new tokens in April 2025, from AI to memecoins. It also brought in crypto staking in 2025, allowing users to earn rewards for HODLing digital assets. Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here. | Regulated in five continents, AvaTrade offers a secure way to access crypto markets. There's a growing range of digital currencies including Bitcoin, Ethereum and Ripple, plus more unusually, a crypto index for diversified exposure. You can also access competitive crypto spreads in the broker's three platforms as well as 1:2 leverage. | Pepperstone continues to prove itself as one of the most trusted crypto CFD brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most day trading platforms. It has also launched a dedicated crypto exchange in Australia - Pepperstone Crypto. |
| Crypto Spread | BTC 1% | BTC <1%, ETH 2% | 30 (BTC) |
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| Crypto Lending | No | No | No |
| Crypto Mining | No | No | No |
| Crypto Staking | Yes | No | No |
| Crypto Auto Market Maker | No | No | No |
| Visit broker | VisitReview 61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. | VisitReview | VisitReview CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-89% of retail investor accounts lose money when trading CFDs. |