ETORO VS ADMIRAL MARKETS
3.7 / 5
Rating breakdown
Admiral Markets Overview
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.
3.8 / 5
Rating breakdown
eToro 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.| # | Broker's Features | ETORO Availability | ADMIRAL MARKETS 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 | ✔ | ✔ |
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at start-business-online.com team collected over 50 data points. For this review, we will compare Etoro vs Admiral Markets.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Etoro offers Online Financial Trading and Investment Services Such as Bitcoin, while Admiral Markets offers Currencies, Gold, Silver, Indices, CFDs, Commodities, Indices, Shares.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Etoro is Market Maker, No dealing desk, STP, while Admiral Markets is ECN, STP.
Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Etoro recommended minimum capital is 50, while Admiral Markets has a Minimum Deposit Requirement of .
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Etoro is regulated by NFA, CySEC, ASIC, CFTC, MiFID, FCA, while Admiral Markets regulated by ASIC, CySEC, FCA, MiFID. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. Etoro offers EUR, USD, GBP, JPY, CHF different account currencies for each account types, while Admiral Markets offers EUR, USD, GBP, CHF account currencies.
Languages Available: Next lets have a look at each broker's different Language options. Etoro offers English, French, Spanish, German, Russian, Italian, while Admiral Markets offers English, Spanish, Hungarian, Bulgarian, Czech, German, Dutch, French, Estonian, French, Greek, Latvian, Lithuanian, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, Croat Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Etoro offers Credit/Debit Cards, PayPal, Bank Wire Transfer, Bitcoin different payment methods for each account types, while Admiral Markets offers Credit/Debit Cards, Neteller, Skrill, Bank Wire Transfer, PayPal payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Etoro makes eToro webTrader, etoro Openbook, eToro Mobile Trad available to clients, while Admiral Markets offers MT4, WebTrader.
The Verdict: Etoro or Admiral Markets?
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
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. eToro should definitely be the broker of choice for those aspiring or existing traders whose first priority is to engage in social trading, rather than trade independently. The pioneer of the social trading revolution, eToro has spearheaded the impressive growth of social trading and has literally made trading accessible to all, even those who have no idea how it works and how it is done. Complete fee transparency and an abundance of trading account types, which can be tailored to best suit, fit and serve the individual needs and preferences of each client/trader, also render eToro a favorite for millions of traders around the world and allow it to enjoy a good reputation and inspire trustworthiness, which is further enhanced by the fact that it is regulated in multiple different jurisdictions by the pertinent financial authorities.
Objectively, Etoro is more reliable based on our criteria above. Etoro has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Etoro broker is regulated in more major hubs. Etoro offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. Etoro broker offers lower minimum deposit requirement. As a market maker, Etoro may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
What We Really Like on Etoro
eToro offers commission-free stock and ETF trading in Europe and offers low fees for non-EU clients.
Account opening is fast and seamless.
It has innovative features like social trading that lets you copy others.
What We Do not Like on Admiral Markets
Not suitable for beginner traders
Potentially not available for US traders
Other Important Factors That Influence Our decision the most
Admiral Markets is a reputable and popular broker, which is regulated in multiple jurisdictions. Though it has a lot going for it and has emerged as a very good choice, especially for novice traders, there are also some downsides to its overall offering, which may lead existing or aspiring traders to seek alternative solutions for the provision of brokerage services. Some of the downsides are: Not suitable for beginner traders. CFD crypto trading - you do not receive the actual cryptocurrency. Potentially not available for US tradersFinally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.