If you are reading this article, you’re likely having trouble deciding whether Admirals or eToro is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.
In this Admirals vs eToro review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Admirals vs eToro - Verdict
 |  | |
Headquarters | Israel | United Kingdom |
Regulators | ASIC, CySEC, FCA, FSA | ASIC, CySEC, FCA, FSCS |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2007 | 2001 |
Execution Type(s) | Market Maker | Market Maker |
Minimum Deposit | $50 - $10,000 | $100 |
Negative Balance Protection | N/A | |
Trading Platform(s) | Proprietary platform | Other, MetaTrader 4, MetaTrader 5+ |
Average Trading Cost EUR/USD | N/A | 0.1 pips ($1.00) |
Average Trading Cost GBP/USD | 2.2 pips | 0.1 pips ($1.00) |
Average Trading Cost WTI Crude Oil | $0.05 | $0.03 |
Average Trading Cost Gold | $0.45 | $0.25 |
Retail Loss Rate | 74% | N/A |
Minimum Raw Spreads | 0.8 pips | N/A |
Minimum Standard Spreads | 1.3 pips | N/A |
Minimum Commission for Forex | $0.00 | N/A |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website Your investment value may change. Capital is at risk. | Visit Website |
Features and Platforms
| | |
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | N/A | |
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | N/A | |
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Visit Website Your investment value may change. Capital is at risk. | Visit Website |
Admiral Markets, rebranding into Admirals, continues to build its financial services firm based on trust.Traders have an upgraded MT4 and MT5 trading platform, five trading accounts, more than 8,000 instruments, and excellent research and educational offerings. eToro belongs to the leading social trading platforms and took the top spot when it comes to cryptocurrencies. It does not provide advanced trading platforms and only deploys its below-average proprietary alternative. eToro does not generate quality value-added services and relies entirely on its growing community, which comes at a high cost to traders.
Available Markets
| | |
Currency Pairs | N/A | |
Cryptocurrencies | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | N/A | |
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
| Visit Website Your investment value may change. Capital is at risk. | Visit Website |
The asset selection at Admiral ranks among the best overall choices among all brokers. CFD traders get 50 currency pairs, 32 cryptocurrencies, 28 commodities, 3,344 equities, 377 ETFs, 43 indices, and two bonds. Investors have 4,506 shares and 185 ETFs available to build their investment portfolios. Traders at eToro get 49 currency pairs but 93 cryptocurrency pairs, which remains the best selection among online brokers. eToro also provides 31 commodities, 2,000+ equity CFDs, and 13 index CFDs. While eToro offers a competitive selection of trading instruments, Admirals remains notably superior and provides nearly four times as many choices.
Typical Spreads and Fees
| | |
Average Trading Cost EUR/USD | N/A | 0.1 pips ($1.00) |
Average Trading Cost GBP/USD | 2.2 pips | 0.1 pips ($1.00) |
Average Trading Cost WTI Crude Oil | $0.05 | $0.03 |
Average Trading Cost Gold | $0.45 | $0.25 |
Average Trading Cost Bitcoin | $574 | $125.60 |
Minimum Raw Spreads | 0.8 pips | N/A |
Minimum Standard Spreads | 1.3 pips | N/A |
Minimum Commission for Forex | $0.00 | N/A |
Deposit Fee | N/A | |
Withdrawal Fee | N/A | |
Inactivity Fee | $10 monthly after 12 monthd | N/A |
| Visit Website Your investment value may change. Capital is at risk. | Visit Website |
Admirals extends its leadership position with the cost structure. The commission-free trading account shows a minimum mark-up of 0.5 pips, which equals $5 per 1.0 standard lot. eToro has double the cost at 1.0 pips or $10. Admirals also has a commission-based alternative with raw spreads of 0.0 pips for a fee of $6.00. eToro charges 0.09% for equity CFDs, just below the average 0.10% at Admirals, but with a higher mark-up on prices. Swap rates on leveraged overnight positions exist at both, but eToro also levies an internal withdrawal cost of $5.00 plus third-party charges.
Security and Trust
| | |
Country of the Regulator | Australia, Cyprus, Seychelles, United Kingdom | Australia, Cyprus, Jordan, Kenya, United Kingdom, South Africa |
Name of the Regulator | ASIC, CySEC, FCA, FSA | ASIC, CySEC, FCA, FSCS |
Regulatory License Number | 491139, 109/10, 583263, SD076 | 595450, 201/13, 410681, 51311, 178, 57026 |
Regulatory Tier | N/A | 1, 1, 1, 2, 2, 2 |
| Visit Website Your investment value may change. Capital is at risk. | Visit Website |
Both brokers present traders with a secure and trustworthy trading environment and maintain clean regulatory track records. Admirals and eToro segregate client deposits from corporate funds and comply with AML/KYC stipulations. They offer negative balance protection and an investor compensation fund as mandated by regulators. Admirals and eToro remain authorized by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities & Investments Commission (ASIC). eToro also has a US-based subsidiary operating as a Money Services Business registered with FinCEN. Given their similarities, they rank on par with each other.
eToro vs Admirals – Verdict
Traders at Admirals manage their portfolios with a market leader among online brokers. With more than 8,000 assets, it caters to new traders and advanced clients alike. Adding a distinct competitive advantage is the MetaTrader Supreme Edition, which upgrades the substandard MT4/MT5 trading platforms to more advanced trading solutions. Leveraged CFD trading is available from a minimum deposit of $100, while unleveraged investment accounts commence from just $1. Completing the competitive trading environment is a quality research and education section, while the client-friendly cost structure ensures traders and investors maintain more of their profits. eToro relies exclusively on its active trading community for social trading. It also has a market-leading cryptocurrency selection. Traders must accept a notably higher pricing environment and the absence of value-added services. eToro only offers its below-average proprietary trading platform. Overall, eToro is unable to compete with the Admirals trading environment.
You might also be interested in reviewing the below broker comparisons:
- Admirals vs IC Markets
- Admirals vs Avatrade
- Admirals vs Plus500
- eToro vs Degiro
- eToro vs moomoo
- eToro vs OctaFX
