Admirals vs eToro: Comparison and Analysis

Admirals vs eToro: A Comparison Summary

When it comes to trading platforms, Admirals and eToro are both well-known names in the industry. However, there are some key differences between the two that traders should be aware of. In this comparison summary, we will take a closer look at the features of Admirals and eToro to help you make an informed decision.

Security

Both Admirals and eToro are regulated by well-respected authorities such as FCA, CySEC, and ASIC. However, eToro has an edge over Admirals as it is also registered with FinCEN in the USA, making it eligible for US traders. In terms of security rating, eToro has a rating of 95 while Admirals has a rating of 94.

Demo Account

eToro’s demo account has unlimited duration and virtual funds of $100,000. Virtual funds can be restored by contacting the customer support team. Admirals demo account, on the other hand, has a duration of 30 days and virtual funds of $10,000, which can also be restored by contacting the customer support team.

Account Opening

Both Admirals and eToro offer multiple account types, including standard, Islamic, and professional accounts. However, eToro only accepts USD as the account currency, which may not be ideal for traders who deposit in currencies other than the US Dollar. Admirals, on the other hand, accepts a variety of currencies, including USD, EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON, AUD, SGD, JOD, and AED. Minimum deposit for Admirals is $100 ($1 for the stockbroking account), while eToro’s minimum deposit is $200 for most countries ($50 for some).

Social-Copy Trading

eToro is the best player at offering copy and social trading via their proprietary platform, while Admirals has a proprietary mobile platform for copy trading.

Markets

eToro offers a wider range of markets than Admirals, with 49 forex pairs, 35 commodities, 20 indices, 174 crypto assets, 1050+ stocks, 290+ ETFs, and 4 futures and options. Admirals offers 70+ forex pairs, 15 commodities, 19 indices, 42 crypto assets, 3350+ stocks (4500+ real stocks), and 35 futures and options. Both brokers offer CFDs and real assets for stocks and ETFs, making them appropriate for both short and long-term investment.

Trading Fees

Admirals has an edge over eToro when it comes to trading fees. Admirals’ variable spreads start from 0.1 pips on forex (lower than market average), while eToro’s spreads start from 1 pip on forex (above the market average). Admirals also offers stocks commission from $0.02 per share, while eToro offers zero-commission real stocks and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10.

Platforms

eToro’s proprietary platform is available via web and mobile devices, while Admirals has a proprietary mobile app and offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) via WebTrader, Desktop, and Mobile. All the platforms offered by Admirals allow traders to engage in algo trading, and Admirals also offers VPS services.

Education/Customer Care

Both Admirals and eToro offer high-quality educational material for traders of all levels, including detailed articles, full tutorials, trading videos, a glossary of terms, and seminars and webinars. However, Admirals has an edge over eToro when it comes to customer care. Admirals offers easy contact via phone, email, and live chat, with over 25 available languages, while eToro only offers contact via email and live chat.

Conclusion

In summary, both Admirals and eToro are reputable brokers that offer a wide range of trading options. eToro has an edge in social-copy trading and a wider range of markets, while Admirals has an edge in trading fees and customer care. Ultimately, the choice between the two will depend on the specific needs and preferences of individual traders.