Today, traders and investors want the very best trading platform suited to their specific needs that offer the highest rewards. So we have selected 2 of the best and leading brokers to take a look at the benefits that each offers their traders.
eToro is the leading social networks provider and have dominance in the market place because of their revolutionary platform which allows users to copy other successful traders as well as being able to interact with any of their 4 million users. Through the ‘CopyTrader’ feature you can mimic another trader’s portfolio.
24option is a well- established forex/CFD’s broker, they offer a suite of full-featured platforms and offer traders many perks and financial tools to make successful and profitable trades.
Regulation and Demo Accounts
eToro is regulated by the Cyprus Securities Exchange Commission (CySEC) (license number 109/10) and the Financial Conduct Authority (FCA0 (license FRN 583263) and offers traders a free unlimited demo account that comes with virtual money to practice trades and explore the platforms.
24option is also regulated by the CySEC (license number 207/13) and offers a demo account only for 1 week with virtual money of $10,000.
eToro has an all-in-one platform that is easy to use including the ability to trade on mobile apps.
24option on the other hand offers a suite of platforms, MetaTrader 4, Scipio, MT4 for Mobile apps.
eToro offers over 1000 instruments where traders can trade CFDs, Stocks, Currencies, Indices, Commodities and 15 cryptocurrencies.
24option has over 150 instruments of CFDs, Commodities, Indices, Stocks and some of the most popular cryptocurrencies.
Both eToro and 24option are very competitive with a minimum lot size of 0.01 and maximum leverage of 1:400 with 3 pips spread on EUR/USD.
eToro has comprehensive, in-depth training through its Trading Academy, Live webinars, trading eCourse, Platforms, Blogs and social trading.
24option’s education center has eBooks, Webinars, CFD & Forex.
Deposits and Withdrawals
At eToro traders have a huge variety of options to make deposits which they can do through PayPal, Credit/Debit Cards, Skrill Limited UK, China Union Pay, Giropay, Neteller, WebMoney, Wire Transfer, Wirecard, Yandex. While they have only 1 day to wait to get their money. To trade at eToro traders need to deposit $200.
24option traders also have a variety of payment options such as Credit Cards, Wire Transfer OKPAY, Skrill, Neteller, Perfect Money, and Alternative Payment Methods and have to wait up to 2 days to get their money. Trading on 24options platform will need a deposit of only $100.
Any problem or question at eToro gets handled in a quick and professional way, they can be reached via live chat, email and by phone.
24option customer service is available 24 hours a day, they are friendly and helpful, and they can be reached via phone, email or by live chat.