Nadex vs eToro

Nadex vs eToro Comparison Table 2023
Nadex	eToro
Review 4.3 Nadex is #10 in our binary options broker rankings.	Review 4.1
Traders from US accepted	Traders from US not accepted See available CFD brokers
Nadex is a renowned exchange and binary options provider, based in the US. The company is fully regulated by the CFTC and offers options, call spreads and Knock Out contracts. Nadex also has just a $1 entry or exit fee and a user-friendly platform and proprietary app.	eToro is a top-rated multi-asset platform which offers both investing in stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.
	76% 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.
Comment by Reviewer
"Users looking to trade short-term binary options with a US-regulated broker will find a good platform in Nadex."	"eToro is a great pick for traders who want to trade CFDs with copy trading and other social investing features. The brand is hugely respected with a string of awards and strong regulatory oversight."
Pros
Free demo account for new users US regulated exchange with excellent trust score Proprietary mobile app with good range of indicators and charting tools Extensive educational resources for those new to binary options trading A range of timeframes that will suit both short and longer term strategies	25M+ user community Interest up to 5.35% on idle funds Industry-leading copy trading app Commission-free stock trading Islamic/Halal-friendly account Good user reviews and app rankings Low minimum deposit requirement Multiple orders including take profits Digital wallet with multiple currencies Trustworthy and award-winning company Comprehensive online training academy Demo account with access to virtual funds
Cons
No MT4 or MT5 platform integration No welcome bonuses or financial incentives Narrow selection of cryptocurrencies to trade Products and tools are more advanced than some alternatives	Fee to withdraw revenue Limited contact methods No guaranteed stop loss No MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms Currency conversion fees for account denominations other than USD
Awards
	Best of Show Award 2012 - Finovate Europe Most Innovative Trading Platform 2010 - World Finance Awards Best Trading Software 2011 - World Finance Awards
Instruments
Binary Options, Knock Outs™, Call Spreads	Crypto
Demo Account
Yes	Yes
Minimum Deposit
$250	$10
Trading Platforms
Own	TradingCentral
Payment Methods
ACH Transfer Cheque Debit Card Mastercard Visa Wire Transfer	Debit Card iDeal Klarna Neteller POLi Rapid Transfer Skrill Sofort Swift Visa Wire Transfer
Minimum Trade
$1	$10
Regulator
CFTC	FCA, ASIC, CySEC, FSA
Margin Trading
No	Yes
Margin Rate
	1%
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
NadexGO	iOS, Android & Windows
Auto Trading
Yes	Automate your trades via Copy Trading - follow profitable traders. Open and close trades automatically when they do.
Copy Trading
No	Yes
Copy Trading Platform
	One of the best proprietary platforms currently on the market is the award-winning eToro CopyTrader (at no additional cost for eToro clients). The web-based platform includes a user-friendly and interactive layout and also comes with social features, including a community chat. Copy trading on crypto trades only.
Social Trading
No	Yes
Trade Signals
Yes	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10	$10
Islamic Account
No	Yes
Account Currencies
USD	USD
Stock Exchanges
DAX GER 40 Index Dow Jones FTSE UK Index Japan Exchange Group Nasdaq S&P 500 Shenzhen Stock Exchange	Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange National Stock Exchange Of India New York Stock Exchange Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Tokyo Commodity Exchange Taiwan Stock Exchange
Commodities
Gold Natural Gas Oil Silver	Aluminium Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Iron Lead Lithium Livestock Nickel Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat
CFD Trading
CFD trading not offered	Trade CFDs on over 3,000 assets and enjoy rich market data through integrated TradingView charts. There is also comprehensive free learning tools via the eToro Academy, ideal for beginners. Fees are low and leverage is in line with regulatory requirements, helping to provide a secure trading environment.
FTSE Spread
	1.5 pt
GBPUSD Spread
	2 pips
Oil Spread
	5 pts
Stocks Spread
	0.24% Var
Forex Trading
Speculate on 11 popular currency pairs via Knock Out contracts, call spreads and binary options. Nadex offers a wider range of timeframes than most binary options brokers, with contracts spanning from intraday to weekly.	An impressive selection of 52 currencies are tradeable on eToro's proprietary platform and app. Traders can also continuously hone their forex strategies by switching between demo mode and their live account any time.
Forex App
NadexGO allows trading whenever, wherever, and however traders want. Specializing in short term trading, the mobile app needs to offer quick response times, and certainly delivers. It is also reliable and secure, ensuring traders can trade with confidence on the move. NadexGo is a rock solid 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.
GBPUSD Spread
0.25 pips Var	2 pips
EURUSD Spread
0.25 pips Var	1.5 pips
EURGBP Spread
0.25 pips Var	1.5 pips
Assets
11	49
Currency Indices
	USD
Cryptocurrency
Nadex offers a limited list of cryptos with just Bitcoin and Ethereum. Traders can go long or short though with straightforward binary options contracts that mean you don't need to own the underlying token.	eToro leads the way in cryptocurrency trading. The lowest spreads (from 1% for BTC), their own wallet service and the largest number of cryptos to trade in the market. Don’t invest unless you’re prepared to lose all the money you invest.
Spread
Variable	BTC 1%, ETH 2%
Coins
BTC ETH	BTC ETH BCH XRP DASH LTC ETC ADA MIOTA XLM EOS NEO ZEC BNB VET
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Nadex offers real-time market action with short-term binary options trading. The range of markets is strong with just a $1 fixed fee per side, per contract. Nadex also offers ultra-short term binaries that expire after 5 seconds.	Binary options trading not offered
Payout
Exchange (See Full Review)%
Expiry Times
5 seconds - 1 week
Ladder Options
No	No
Boundary Options
Yes	No

Review	Review
	76% 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.
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