Nadex vs eToro Broker Comparison

Are you trying to figure out which is a better broker, Nadex or eToro? 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 Nadex and eToro 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 Nadex.

Rating
94/100
94.7/100
Min. Deposit
250$
1000$
Regulated By
FSA(SVG)FSA(SVG)
FCAFCA
CySecCySec
Bonus
No Information
No Information
Min. Spread
0.25
3
Max. Leverage
N/A
1:400
Currency Pairs
10
47
Trading Instruments
60+
2,200+
Trading Platforms
mobile, WebTrader
mobile, Private
Deposit Methods
Bank transfer, Visa, MasterCard, ACH
Bank transfer, Visa, MasterCard, Skrill, Neteller, Revolut, PayPal and more
Type of Brokers
Market Maker
STP/NDD
Customer Support
Trading Hours Only
24/5
Language Support
1
20
Established
2009, HQ in Chicago
2007
Used By
125,000+ Traders
100,000+ Traders

Does Nadex or eToro 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 Nadex and eToro are, we first considered the common fees on Standard Accounts. At Nadex the average spread for the EUR/USD currency pair is 0.25 pips, whilst at eToro the spread is 3.

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

When it comes to non-trading fees, Nadex charges for inactivity, withdrawal. eToro charges for account, deposit. With this in mind, both brokers offer similar non-trading fees.

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

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Nadex or eToro?

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.

Nadex is regulated by FSA(SVG), CFTC and does not offer client protection. eToro is regulated by FCA, CySec and does not offer 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 Nadex and eToro?

Nadex provides traders with 60+ instruments. This includes 10 currency pairs, 0 cryptocurrencies, and 0 stocks and shares. With Nadex, you cannot trade CFDs.

In comparison, eToro boasts 2,200+ tradable instruments. eToro offers 47 currency pairs, 16 cryptocurrencies, and 2041 stocks and shares. eToro also allows CFD trading.

As eToro has 2,200+ and Nadex has 60+, a difference of 58, this shows that eToro offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, Nadex or eToro?

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.

Nadex provides you with the ability to trade via 2 trading platforms, and eToro 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, Nadex or eToro?

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 Nadex and eToro reviews.

Nadex vs eToro
Nadex
94
Points
eToro
94.7
Points
Overall
0 points
Nadex
95
Points
eToro
85
Points
Commissions & Fees
10 points
Nadex
97
Points
eToro
98
Points
Licensing & Safety
1 points
Nadex
96
Points
eToro
97
Points
Trading Platforms & Tools
1 points
Nadex
93
Points
eToro
95
Points
Payments
2 points
Nadex
94
Points
eToro
94
Points
Customer Service
Nadex
98
Points
eToro
99
Points
Educational
1 points
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