Are you curious to find out what are the best Social and Copy Trading platforms other than eToro?
Maybe you had some issues with this broker and would like to see if there are any viable alternatives to eToro?
We have found the 5 best eToro Alternatives for 2021.
In addition to showing you the 5 best sites like eToro, you’ll find links to our free guides to learn how to use them at their best.
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eToro Alternative and eToro Competitors – The 5 best sites like eToro
eToro is one of the main brokers in the industry but is not always available worldwide (for example in Canada, where other great Canadian forex brokers are already operating), and that’s one of the reasons why you may be looking for an alternative.
The 5 best alternatives to eToro you will find in this list have been selected considering the similarity to the eToro platform and their potential in terms of Social Trading, Copy Trading, and other opportunities.
If you want to discover not only brokers like eToro, but rather every broker offering copy trading services, you should check out our article featuring the best platforms for copy trading.
Otherwise, if you’re looking for a social trading experience, check our top choices for the top social trading platform.
So, this is not a list from best to worst, but from the most similar to eToro in descending order, although all these alternatives to eToro still relate to Copy Trading, or the more extensive Social Trading.
1. Naga Trader (ex SwipeStox)
Right now, Naga Trader is certainly among the main alternatives to eToro, which was called SwipeStox until a few months ago. The Naga Trader platform is very similar to eToro’s, both in terms of community and Social Trading, and for the opportunity to create a portfolio of traders for Copy Trading. Like eToro, moreover, Naga Trader offers access to hundreds of assets, from currencies to CFDs on stocks, indices, ETFs, commodities, futures and cryptocurrencies. Naga Trader might even be better than eToro as regards cryptocurrencies, since the Naga group, the conglomerate which Naga Trader belongs to, has even created its own cryptocurrency, called Naga Coin (NGC), which allows numerous advantages to those who use it.
One of the other majorly attractive points about Naga Trader is the fact they do not have a minimum deposit requirement. This attracts many new traders. Similar to eToro they are also a great choice for trading crypto and anyone who signs up can also deposit via more than 5 different cryptocurrencies as well as use the brokers very own crypto wallet. Of course they also offer great value in a range of other markets including forex trading and many CFDs.
Besides being one of the eToro-like platforms, ZuluTrade has always been first among its rivals, so to speak. However, ZuluTrade has always taken a different path than eToro. As a matter of fact, ZuluTrade is not a broker, but a cross-broker platform, i.e. a platform that connects the brokers of various traders. ZuluTrade also focuses more on Copy Trading than Social Trading. It still offers Social Trading features, but mostly as feedback left by investors. ZuluTrade excels in its advanced features for Copy Trading and for the creation of users’ personal Signal Provider portfolio. Therefore, ZuluTrade is interesting for anyone looking for alternatives to eToro’s Copy Trading.
Zulutrade is a hugely popular choice with many traders, you just have to double check that your broker is available with Zulutrade, while they have many partnerships with most top brokers, this can vary depending on your area. Copy trading with Zulutrade you will also have to make sure that you maintain your balance above $100 minimum at all times.
Darwinex is certainly the farthest platform from eToro on a similarity scale. The Social aspect is almost non-existent. However, this platform is most interesting for anyone with expertise and competences wishing to invest in Copy Trading. While it’s not as easy to use as other platforms, Darwinex is definitely a high quality platform for anyone with a working knowledge of the field. They are very well-respected by many including more experienced traders who like to utilize the STP execution offered by the London based broker who are also well-regulated by the FCA.
To get started with Darwinex you will need a $500 minimum deposit. Once you have done this, you will have access to both top platforms MT4, and MT5. Darwinex also offers a very wide range of markets to choose from that includes CFDs on stocks, commodities, indices, and crypto. All of these factors combine to make Darwinex an excellent eToro alternative.
Collective2 are the next on our listing of eToro alternatives and the US based copy and social trading broker presents a unique proposition. They are very well regulated by the NFA in the US and they differ from other alternatives and almost all brokers in the sense that they charge no fees. Instead they have 4 monthly plans available.
These monthly plans range in price from $49 to $299 and there are no other fees. This may be great for those more regular of high value traders. With Collective2, you will have the chance to follow trading strategies that are set out by the platform instead of other traders, although these strategies are rated by other traders depending on their effectiveness. The higher the investment you make and your plan price, the more trading strategies you will have access to and be allowed to follow.
The last great alternative to eToro that we will feature is another excellent US platform choice. They are extremely similar to eToro when it comes to the strategies and investments that they provide access to. These include stocks and themed portfolios of assets that are pre defined. This is very similar to the eToro investment feature of CopyPortfolios and can be ideal if you would like to widen your investment portfolio or invest in specific areas.
The range of portfolios and assets that you can invest in with motif is extensive and some of these even include portfolios related to cryptocurrencies and other assets. The minimum deposit to get started with Motif is $250 which also puts them in reasonable range for all types of traders.
eToro Alternatives Comparison
|Feature||Min. Deposit||Social Trading||Copy Trading||Fractional Stocks||Real Assets|
|eToro||$200||Yes||Yes||From $50||Shares, ETFs, Cryptocurrencies|
|Naga Markets||No minimum deposit||Yes||Yes||No||Cryptocurrencies|
|Trading 212||$1||No||No||From $1||Shares, ETFs|
eToro Alternatives FAQs
Which is better eToro or Plus500?
Plus500 is better on the CFD side, while eToro is better on the copy-social trading side, as well as stocks and crypto trading. Compare Plus500 and eToro with our comparison tool.
Is eToro better than Trading212?
They are similar brokers: Though Trading 212 has a lower entry barrier ($1 vs $200 minimum deposit), eToro offers a wider range of assets and a great social-copy trading service. Compare Trading212 and eToro with our comparison tool.
Is eToro a good trading platform?
Finding a better trading platform than the eToro webtrader is not easy. It’s very user-friendly, easy to master, and offers the best social trading experience on the market.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.