eToro vs ExpertOption Comparison & Reviews

FeatureeToroExpertOption
Founded20072014
RegulationFCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMFSVGFSA
Available InstrumentsStocks, ETFs, Options, Cryptocurrencies, Commodities, Forex, CFDsBinary Options on Forex, Stocks, Commodities, Cryptocurrencies
Minimum Deposit$100$10
Minimum Trade Amount$10$1
Trading PlatformsProprietary Web Platform, Mobile AppProprietary Web Platform, Mobile App
Social/Copy TradingYes, CopyTrader featureYes, social trading features
Demo AccountYesYes
LeverageYes, up to 1:30 for retail clientsNo
Deposit MethodsDebit/Credit Card, Bank Transfer, e-Wallets (Neteller, Skrill, etc.)Debit/Credit Card, e-Wallets (Neteller, Skrill, WebMoney, etc.), Cryptocurrencies
Withdrawal Fees$5 per withdrawalNo withdrawal fees
Inactivity Fees$10 per month after 12 months of inactivity$50 after 3 months of inactivity
Customer SupportOnline Support, Phone Support24/7 Live Support, Phone Support
Educational ResourcesComprehensive online training academy with articles and coursesTrading strategies, webinars, platform tutorials
Mobile App RatingsiOS: 4.8/5, Android: 4/5iOS: 2.5/5, Android: 4.2/5
Account CurrenciesUSD, EUR, GBPUSD
Regulatory Status in the USANot available for US tradersNot available for US traders
Notable AwardsBest Cryptocurrency Trading Platform 2022, Best Copy Trading Platform 2021None listed
Spread TypeFixed and VariableFixed
Commission on TradesNo commission on stocks; spreads on other instrumentsNo commission; only profit-loss spreads on binary options
Maximum Trade SizeVaries by asset; generally up to $1,000,000 for stocks and forex$5,000 per trade
Number of Tradable AssetsOver 3,000Over 100
Trading IndicatorsAdvanced tools, over 50 indicators (e.g., RSI, MACD, Moving Averages)Basic indicators (e.g., Bollinger Bands, RSI, Moving Averages)
Order TypesMarket, Limit, Stop Loss, Take Profit, Trailing StopCall/Put (Binary Options)
Algorithmic TradingLimited, API access for advanced tradersNot available
Interest on Margin AccountNone for retail users, applicable for professionalsNot applicable
Customizable InterfacePartially customizable, with watchlists and chart preferencesFully customizable with indicators and layouts
Account TypesRetail, Professional, Islamic (Swap-Free) AccountsBasic, Silver, Gold, Platinum, Exclusive
VIP ProgramYes, via eToro Club with tiers like Silver, Gold, Platinum, and DiamondYes, tier-based accounts with additional benefits for higher tiers
Asset OwnershipYes, for stocks and ETFs (non-leveraged)No, only derivative trading (binary options)
Cryptocurrency WalletYes, eToro Money Wallet for storing and transferring cryptoNo wallet; crypto trading via binary options only
News Feed and Market UpdatesIntegrated news feed with community discussionsMarket alerts and basic news updates
Advanced Charting ToolsYes, professional-grade charts with numerous overlaysSimplified charting with basic customization options
Trading CompetitionsNoYes, regular tournaments with prizes
Supported LanguagesOver 20 languagesOver 10 languages
Geographic Availability140+ countries50+ countries
Affiliate ProgramYes, with multi-tier rewardsYes, with commission-based rewards
Two-Factor Authentication (2FA)Yes, via SMS or Authenticator AppsYes, via SMS
Trade Execution SpeedAverage 0.01-0.03 secondsAverage 0.01 seconds
User Interface DesignModern and intuitive, beginner-friendlySimplistic and focused on speed for binary options traders
Asset Diversification ToolsCopyPortfolio (thematic investments)None
Fractional InvestmentsYes, for stocks and cryptocurrenciesNo
Regulatory TransparencyFull transparency with licenses and regulatory compliance publishedLimited; SVGFSA regulation only
Negative Balance ProtectionYes, for retail accountsYes
Hedging CapabilityAvailableNot supported
Scalping AllowedLimited; not ideal due to spreadsYes, common in binary options trading
Deposit Processing TimeInstant for most methodsInstant for most methods
Withdrawal Processing Time1-2 business days1-2 business days
Payout Percentage (for binary options)Not applicableUp to 95% per successful trade
Customization of Trade DurationNot applicableYes, from 60 seconds to several minutes/hours
Market AnalyticsDetailed with economic calendars, analyst reports, and sentiment toolsBasic market analytics with price trends
Social Trading CommunityLarge community with forums and user-generated contentSmall community focused on trade mirroring
Trader VerificationMandatory KYC for all accountsMandatory KYC for withdrawals
Automated Copy Trading LimitationsBased on minimum amount, risk score thresholdsLimited to copying binary trades manually
Multiscreen Support for TradingYes, with advanced charts and separate tabs for portfoliosNo, single-screen focus for simplicity
Tutorials and Onboarding SupportDetailed onboarding for beginners, interactive guidesBasic tutorials on platform usage and binary trading concepts
Bonus OffersNo, adheres to regulatory restrictionsYes, deposit bonuses available (conditions apply)
Referral ProgramYes, refer friends and earn rewardsYes, commission-based referrals
Real-Time NotificationsPush and email notifications for price changes, order executionPush notifications for trade outcomes and market updates
Account Statement AccessComprehensive and downloadable reportsBasic trade history reports
Mobile Platform FeaturesSame functionality as desktop, including CopyTraderLimited functionality compared to desktop
Risk Management ToolsTake Profit, Stop Loss, Trailing StopFixed risks per trade (binary options model)
Webinars and Live EventsYes, regular expert-led sessionsOccasionally, focused on binary trading strategies
Tax Reporting ToolsBuilt-in tax report export for some regionsNone; manual reporting required
Fee TransparencyClearly stated fees and spreadsNot always transparent; embedded in payouts and spreads
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eToro offers a diverse trading experience with social trading and multi-asset investment options, while ExpertOption focuses on binary options with simplicity and low entry costs.