Find out the major disadvantages of eToro Forex Brokers and alternatives with lower fees and more security. Unbiased eToro Alternatives reviews.

Overview

Since its foundation in Israel in 2007, eToro has quickly climbed the ladder of the social trading revolution and proudly occupies the leading position as the world’s biggest social trading and investment platform, which is initially introduced in 2010.

Things we didn't like:

 eToro has unreliable customer service, and its trading platform freezes sometimes.
 Education tools are very limited.

# Exchage's Features ETORO Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

Why would you want an alternative to ETORO?

eToro has been around for a long time and is hugely popular among traders, especially those who wish to engage in social trading. However, other traders, with different priorities may feel that they need to seek an alternative to eToro, to better match their own individual trading needs. For example, traders who are used to trading on the mainstream, industry standard MT4 platform, might not feel at ease with eToro’s own proprietary platform, which has been specifically built in order to seamlessly allow the enhanced social trading functionalities that eToro focuses on. Moreover, more seasoned traders, who need enhanced analysis tools, such as charts, calculators and others, may find that their requirements are not adequately met and might seek different brokerage providers who can get them access to such advanced features.

What to look for in a ETORO Alternative?

When seeking an alternative forex brokerage to eToro, you will need to ensure that this scores equally high in terms of credibility and transparency, while allowing you to trade on a platform that is reliable and seamless, making trading easy and readily accessible. Moreover, to give you adequate choices and allow you to effectively differentiate your portfolio, look for an eToro alternative that serves all your trading needs, not only those directly linked to the trading of foreign currencies, but also stocks and cryptocurrencies, as well as CFDs in commodities, indices and ETFs. To be an appealing alternative to eToro, the broker you will be considering needs to be charging competitive and reasonable fees and be transparent when it comes to its charges and commissions, while also offering different account types and plans that may be custom made to best cater for and serve the specific needs of each individual trader.

Best ETORO alternatives – forex brokers like (or better than) ETORO

4.1 / 5

Rating breakdown

Security
90% Complete (danger)
4.5/5
Ease of Use
100% Complete (danger)
5.0/5
Tradable Assets
60% Complete (danger)
3.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
60% Complete (danger)
3.0/5
Support
80% Complete (danger)
4.0/5

Things we liked:

 Zero commission policy
 Customers support is available 24/7
 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 No demo account
 Charges inactivity fee
 TradeOr offers only one payment method – bitcoin

#1
TradeOr Overview

TraderOr is a relatively new entry in the online brokerage world and one that differs significantly from your average broker in that it adopts a Bitcoin-friendly approach, while also allowing traders to make transactions with a zero-commission fee. TradeOr.com might well be the new addition to world of online retail trading that you have been waiting for.

4.0 / 5

Rating breakdown

Security
80% Complete (danger)
4.0/5
Ease of Use
80% Complete (danger)
4.0/5
Tradable Assets
80% Complete (danger)
4.0/5
Deposit and withdrawal
80% Complete (danger)
4.0/5
Trading Fees
80% Complete (danger)
4.0/5
Support
80% Complete (danger)
4.0/5

Things we liked:

 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 Absence of a direct telephone number for customer support
 Ospreyfx is not a full licensed and regulated broker

#2
Osprey FX Overview

Named after the very large, distinctively shaped, fish preying hawk, which suitably decorates the brand’s logo, OspreyFX is a relatively new entrant in the world of forex brokerages, aiming to offer existing and aspiring traders an innovative venue in which they can satisfy all their trading needs, including the trading of cryptocurrencies.

3.7 / 5

Rating breakdown

Security
80% Complete (danger)
4.0/5
Ease of Use
80% Complete (danger)
4.0/5
Tradable Assets
80% Complete (danger)
4.0/5
Deposit and withdrawal
80% Complete (danger)
4.0/5
Trading Fees
60% Complete (danger)
3.0/5
Support
60% Complete (danger)
3.0/5

Things we liked:

 FXTM customer service gives fast and relevant answers. They can also be contacted in many languages.
 From a demo account to live webinars, you can use a lot of educational tools.
 The account opening is fast and fully digital.

Things we didn't like:

 FXTM charges inactivity and withdrawal fees.
 The financing costs for overnight positions are not the lowest and their calculation is non-transparent at all.
 The product portfolio is limited as it lacks asset classes, like ETFs, bonds, mutual funds, etc.

#3
FXTM Overview

FXTM is a leading Forex and CFD broker, which has to date won several coveted awards and trades under the name ForexTime Limited. This broker is regulated by several financial watchdogs across the globe, including the UK’s Financial Conduct Authority (FCA), and it is thus considered a trusted and secure venue for your trading endeavors. Moreover, it enjoys huge popularity amongst traders of all levels, from beginner to pro, and its users consider the user experience it provides as top-notch.

Are you Satisfied with what They Offer?