eToro vs 24Option Broker Comparison

Does eToro or 24Option have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive eToro and 24Option are, we first considered the common fees on Standard Accounts. At eToro the average spread for the EUR/USD currency pair is 3 pips, whilst at 24Option the spread is 1.1.

This shows that 24Option is the better option for low-cost forex trading.

When it comes to non-trading fees, eToro charges for account, deposit. 24Option charges for inactivity. With this in mind, 24Option has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that 24Option is the better option.

*Based on Standard account type.

Which broker is safer, eToro or 24Option?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

eToro is regulated by FCA, CySec and offers client protection. 24Option is regulated by IFSC and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that eToro is the safer broker.

How many trading instruments are available at eToro and 24Option?

eToro provides traders with 2,200+ instruments. This includes 47 currency pairs, 16 cryptocurrencies, and 2041 stocks and shares. With eToro, you can also trade CFDs.

In comparison, 24Option boasts 300 tradable instruments. 24Option offers 30 currency pairs, 36 cryptocurrencies, and 199 stocks and shares. 24Option also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Which broker offers the best trading platform, eToro or 24Option?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

eToro provides you with the ability to trade via 2 trading platforms, and 24Option has 2 trading platforms, too. Both brokers also offer research and trading tools, however eToro has more.

Overall, our experts agree that eToro boasts the better trading platform offering.

Which is better for beginners, eToro or 24Option?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that eToro is the better broker for beginner traders as it offers a larger range of educational tools and materials. eToro also has a minimum deposit of $.

Which broker is better overall?

Overall, our tested reviewing methodology proves that eToro is the better broker in a range of key areas. You can learn more by reading our eToro and 24Option reviews.