| Feature | eToro | PrimeXBT |
|---|---|---|
| Established | 2007 | 2018 |
| Headquarters | Israel | Seychelles |
| Regulation | Regulated by multiple authorities, including FCA (UK), CySEC (Cyprus), ASIC (Australia) | Not regulated by major financial authorities |
| Supported Assets | Stocks, ETFs, Cryptocurrencies, Forex, Commodities, Indices | Cryptocurrencies, Forex, Commodities, Indices |
| Number of Cryptos | Supports over 78 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Stellar, and Tron | Supports more than 42 crypto trading pairs, including Bitcoin, Ethereum, Ripple, EOS, Litecoin, USD Coin, and Tether |
| Trading Fees | Charges a 1% fee both when opening and closing a crypto position; no commission on stock trades; spread fees vary by asset | Fixed trading fee of 0.05% per crypto trade; overnight financing fees apply for positions held overnight; withdrawal fee of 0.0005 BTC |
| Leverage | Up to 1:30 for retail clients (higher for professional clients) | Offers leverage up to 1:1000 on various assets, including cryptocurrencies, forex, commodities, and indices |
| Copy Trading | Offers social trading features, allowing users to copy trades of successful investors; no additional management or commission fees for copy trading | Provides copy trading through the Covesting module, enabling users to follow and copy strategies of experienced traders; performance and management fees may apply |
| Account Types | Requires KYC verification; offers standard trading accounts; provides demo accounts with $100,000 in virtual funds | No mandatory KYC for basic accounts; reserves the right to request verification if AML regulations are compromised; offers demo accounts for practice |
| Deposit Methods | Supports multiple deposit methods, including credit/debit cards, PayPal, Skrill, Neteller, bank transfers, and more; minimum deposit varies by region, generally around $200 | Accepts crypto deposits, deposits from MetaMask Wallet, and purchases via credit card/SEPA transfers through third-party services; no minimum deposit requirement |
| Trading Platform | Web-based platform and mobile app; user-friendly interface; offers advanced charting tools and various order types, including market, limit, fill or kill, immediate or cancel, good till canceled, and iceberg orders | Web-based platform and mobile app; professional and customizable interface; supports advanced order types, including market, limit, stop, one-cancels-the-other (OCO), take profit, and stop loss orders |
| Customer Support | Provides support through a help center and support tickets; offers account managers for active traders with equity above $5,000 | 24/7 customer support via email and instant web chat; highly responsive assistance team |
| Security Features | Utilizes a combination of cold and hot wallets; partners with cybersecurity firms for enhanced security; employs two-factor authentication (2FA) | Implements advanced encryption technology; offers two-factor authentication (2FA); conducts regular security audits; emphasizes user privacy with no mandatory KYC |
| Educational Resources | Offers a comprehensive collection of articles, tutorials, webinars, and guides through the eToro Academy; suitable for beginners and experienced traders | Provides tutorials, guides, and a help center with FAQs; less emphasis on extensive educational resources compared to eToro |
| Geographical Restrictions | Available in multiple countries; certain features and asset availability may vary by region; not available in some countries due to regulatory restrictions | Available in over 150 countries; does not operate in the US and Canada; users should check local regulations to ensure accessibility |
| Mobile App Ratings | iOS App: 4.8/5; Android App: 4.0/5 | iOS App: 4.7/5; Android App: 4.5/5 |
| Trading Instruments | Offers a wide range of assets, including stocks, ETFs, cryptocurrencies, forex, commodities, and indices, allowing for diversified investment portfolios. | Provides access to cryptocurrencies, forex, commodities, and indices, enabling traders to engage in multiple markets from a single platform. |
| Order Types | Supports various order types, including market, limit, fill or kill, immediate or cancel, good till canceled, and iceberg orders, providing flexibility in trade execution strategies. | Offers order types such as market, limit, stop, one-cancels-the-other (OCO), take profit, and stop loss orders, catering to different trading strategies and risk management approaches. |
| Social Trading | Renowned for its social trading platform, allowing users to follow and copy the trades of successful investors, fostering a community-driven trading environment. | Features the Covesting module, enabling users to follow and copy strategies of experienced traders, with performance and management fees applicable, promoting a collaborative trading community. |
| Educational Resources | Provides a comprehensive suite of educational materials, including tutorials, webinars, and articles, supporting traders in enhancing their knowledge and skills. | Offers tutorials, guides, and a help center with FAQs, assisting users in understanding platform features and trading concepts, though with less emphasis on extensive educational content compared to eToro. |
| User Experience | Features a user-friendly interface with a web-based platform and mobile app, designed to accommodate both beginners and experienced traders, with intuitive navigation and accessible tools. | Boasts a professional and customizable interface, suitable for advanced traders seeking a tailored trading environment, with a focus on functionality and advanced tools. |
| Customer Support | Offers support through a help center and support tickets, with account managers available for active traders possessing equity above $5,000, ensuring personalized assistance. | Provides 24/7 customer support via email and instant web chat, with a highly responsive assistance team dedicated to addressing user inquiries promptly. |
| Security Measures | Utilizes a combination of cold and hot wallets, partners with cybersecurity firms for enhanced security, and employs two-factor authentication (2FA) to protect user accounts and funds. | Implements advanced encryption technology, offers two-factor authentication (2FA), conducts regular security audits, and emphasizes user privacy with no mandatory KYC, ensuring a secure trading environment. |
| Regulatory Compliance | Regulated by multiple authorities, including the FCA (UK), CySEC (Cyprus), and ASIC (Australia), adhering to stringent regulatory standards to ensure compliance and user protection. | Not regulated by major financial authorities, focusing on user privacy and offering services in over 150 countries, though users should verify local regulations to ensure accessibility. |
| Deposit and Withdrawal | Supports multiple deposit methods, including credit/debit cards, PayPal, Skrill, Neteller, and bank transfers, with a minimum deposit generally around $200, and charges a flat withdrawal fee of $5. | Accepts crypto deposits, deposits from MetaMask Wallet, and purchases via credit card/SEPA transfers through third-party services, with no minimum deposit requirement and a withdrawal fee of 0.0005 BTC. |
| Leverage Options | Offers leverage up to 1:30 for retail clients, with higher leverage available for professional clients, adhering to regulatory standards to protect traders from excessive risk. | Provides leverage up to 1:1000 on various assets, including cryptocurrencies, forex, commodities, and indices, appealing to traders seeking higher leverage opportunities, though with increased risk. |
| Copy Trading Fees | No additional management or commission fees for copy trading; users only pay the standard trading fees associated with the assets being traded, making it cost-effective for those utilizing social trading features. | Performance and management fees may apply when using the Covesting module for copy trading, with fees varying based on the chosen strategy and trader, potentially impacting overall profitability. |
| Mobile Application | Offers a mobile app with high user ratings (iOS App: 4.8/5; Android App: 4.0/5), providing a seamless trading experience on the go, with access to all major features available on the web platform. | Provides a mobile app with favorable user ratings (iOS App: 4.7/5; Android App: 4.5/5), allowing traders to manage their accounts and execute trades from mobile devices, with a focus on functionality and user experience. |
| Geographical Availability | Available in multiple countries, with certain features and asset availability varying by region; not available in some countries due to regulatory restrictions, requiring users to verify accessibility based on their location. | Operates in over 150 countries, though it does not serve users in the US and Canada; users should check local regulations to ensure the platform's services are accessible in their jurisdiction. |
| Tax Reporting Tools | Provides automated tax reporting tools, including capital gains reports, simplifying tax filing. | Does not offer automated tax reporting tools; users need to track and report manually. |
| Margin Trading | Limited margin trading for specific assets, adhering to regulatory requirements for risk management. | Comprehensive margin trading across multiple asset classes with leverage up to 1:1000. |
| Trading Signals | Offers in-app market insights, analyst reports, and curated trading signals for certain assets. | Offers trading signals via Covesting and integrated technical indicators. |
| Supported Fiat Currencies | USD, EUR, GBP, AUD, CAD, JPY, and more, depending on the user's region. | Primarily operates in USD; supports crypto-to-crypto transactions with fiat purchase via third parties. |
| Staking Features | Offers staking for select cryptocurrencies, such as Cardano (ADA) and Tron (TRX), earning passive income. | Does not currently support staking; focused on trading and derivatives. |
| Platform Customization | Limited platform customization; geared towards simplicity and accessibility for all user types. | Highly customizable platform with advanced charting tools for professional traders. |
| API Support | Provides limited API capabilities, focused on data retrieval for research purposes. | Offers advanced API integration for algorithmic trading and custom strategies. |
| Account Security Levels | Includes 2FA, email confirmations for withdrawals, and partnerships with cybersecurity firms. | Advanced security protocols, including multi-signature wallets and regular security audits. |
| Competitions/Contests | Does not host trading competitions. | Hosts regular trading competitions with prizes for top-performing traders. |
| Market Coverage | Offers access to traditional financial markets alongside cryptocurrencies. | Primarily focused on crypto markets but includes indices, commodities, and forex. |
| Demo Account Accessibility | Demo account with $100,000 virtual funds available upon registration, useful for beginner traders. | Provides demo accounts for strategy testing, with funds replenishable on request. |
| Trading Fee Transparency | Trading fees are clearly outlined on the platform; no hidden charges for account maintenance. | Offers competitive trading fees, but fees for overnight financing and Covesting strategies may apply. |
| Referral Program | Offers a referral program with bonuses for introducing new users. | Comprehensive referral system with commissions based on trading volume of referred users. |
| Charting Features | Basic to advanced charting tools suitable for casual and intermediate traders. | Highly advanced charting tools with customizable indicators and professional-grade analysis tools. |
| Partnerships and Affiliations | Partners with financial institutions for compliance and liquidity. | Partners with liquidity providers for seamless trading experience. |
| Minimum Withdrawal Amount | Minimum withdrawal varies by method, typically $30-$50 for fiat; $25 for crypto withdrawals. | Minimum withdrawal depends on the crypto asset, e.g., 0.001 BTC. |
| Community Engagement | Active social trading community with discussions, posts, and shared insights. | Engages users through Covesting and regular blog updates, but less community-driven interaction. |
| Revenue Sharing | Does not offer revenue sharing features directly. | Provides revenue sharing opportunities through the Covesting module for strategy managers. |
| VIP or Loyalty Program | Offers a loyalty program with benefits such as reduced fees, dedicated account managers, and special events for high-net-worth individuals. | Lacks a dedicated VIP program but rewards high-performing traders through competitions and referrals. |
eToro focuses on social and diversified trading with regulatory compliance, while PrimeXBT excels in advanced trading tools, high leverage, and competitive crypto offerings.