|#||Exchage's Features||ETORO Availability|
|#||Accepts US traders||✔|
|#||24 hour trading||✔|
|#||Trading by phone||✔|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||✔|
|#||Interest charges on the balance||❌|
|#||24 hour support||✔|
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.
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.
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.
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.
Admiral Markets has been around since 2001 and has since built its reputation as a prominent forex and CFD market maker broker, serving clients in more than 40 countries across the world. The broker has earned licensing and regulatory status in a number of different jurisdictions, including by the strict UK regulatory body the FCA, which renders it a safe and reliable broker to be trading through.