*76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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.
eToro CySEC license
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.
24option CySEC license
Platforms
eToro has an all-in-one platform that is easy to use including the ability to trade on mobile apps.
eToro platform
24option on the other hand offers a suite of platforms, MetaTrader 4, Scipio, MT4 for Mobile apps.
24option WebTrader platform
Instruments
eToro offers over 1000 instruments where traders can trade CFDs, Stocks, Currencies, Indices, Commodities and 15 cryptocurrencies.
eToro instruments
24option has over 150 instruments of CFDs, Commodities, Indices, Stocks and some of the most popular cryptocurrencies.
24option instruments
Competitive
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.
Education
eToro has comprehensive, in-depth training through its Trading Academy, Live webinars, trading eCourse, Platforms, Blogs and social trading.
eToro Trading Academy
24option’s education center has eBooks, Webinars, CFD & Forex.
24option Education Center
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.
eToro deposit page
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.
24option deposit page
Customer Support
Any problem or question at eToro gets handled in a quick and professional way, they can be reached via live chat and email.
etoro customer support
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.
24option customer support
Bottom Line?
Both eToro and 24option offer traders an opportunity to trade.
24option has enhanced its platform for those interested in Forex and CFDs trading.
While traders at eToro can trade on a unique and innovative platform and for those interested in cryptocurrency trading, eToro offers the largest selection for traders to trade.
They will also be offering a digital multi-signature eToro wallet in the near future where traders can store, send and receive multiple coins. eToro made news in the crypto markets this month with the launch of its crypto trading platform that is now available in the U.S, in 30 states and 2 territories.
The best part?
Is that eToro also now offers TRON (TRX), the tenth largest cryptocurrency by market cap to its extensive list of cryptocurrencies where it can be purchased on eToro’s CryptoPortfolio.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
