eToro vs 24Option Broker Comparison

Are you trying to figure out which is a better broker, eToro or 24Option? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that eToro is the better of the two. eToro offers 2,200+ instruments, licenses from FCA, CySec, and fair trading fees.

In the tables below, you can compare the features of eToro and 24Option side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked eToro higher than 24Option.

Rating
94.7/100
94.2/100
Min. Deposit
1000$
250$
Regulated By
FCAFCA
CySecCySec
IFSCIFSC
Bonus
No Information
N/A
Min. Spread
3
1.1
Max. Leverage
1:400
250
Currency Pairs
47
30
Trading Instruments
2,200+
300
Trading Platforms
mobile, Private
MT4, Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, Revolut, PayPal and more
Bank transfer, Visa, MasterCard, Skrill, Neteller and more
Type of Brokers
STP/NDD
Market Maker
Customer Support
24/5
24/5
Language Support
20
12
Established
2007
2009
Used By
100,000+ Traders
50,000+ Traders

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.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

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.

Broker summary

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.

Markets and Products

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.

Research Tools

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 $.

Educational Features

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.

eToro vs 24Option
eToro
94.7
Points
24Option
94.2
Points
Overall
0 points
eToro
85
Points
24Option
89
Points
Commissions & Fees
4 points
eToro
98
Points
24Option
92
Points
Licensing & Safety
6 points
eToro
97
Points
24Option
93
Points
Trading Platforms & Tools
4 points
eToro
95
Points
24Option
94
Points
Payments
1 points
eToro
94
Points
24Option
99
Points
Customer Service
5 points
eToro
99
Points
24Option
98
Points
Educational
1 points
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