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 2019.
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.
eToro Alternative and eToro Competitors – The 5 best sites like eToro
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.
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.
- Open your Live Account on Naga Trader (CFD Service. 80.6% lose money)
- Read our opinions on Naga Trader
Tradeo is another platform similar to eToro. Tradeo also operates as a stand-alone broker, which provides its users with the opportunity to access additional tools for Social Trading and Copy Trading. Tradeo’s Social Webtrader is cutting edge, and among the most “social” platforms in the field. The Signals section is certainly interesting, it’s a sort of Feed that collects the trades made by other community traders, offering users the chance to see click on any operation to see its details, and to copy it, still with just one click. This is a similar function to that also provided by Naga Trader. Tradeo really stands out is in the trader compensation system. Basically, there is none in Tradeo, meaning no one is rewarded when someone copies their trades.
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.
Ayondo is another Social Trading platform, which however doesn’t particularly focus on the “social” aspect. Similar to ZuluTrade for its functioning, Ayondo is a broker itself, like eToro. Ayondo focuses more on the Copy Trading functionality, trying to simplify it and making it easier for less experienced users, resulting however in fewer customization options.
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, it is definitely a high quality platform for anyone with a working knowledge of the field.