General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
eToro vs ZuluTrade: A Comprehensive Comparison of Two Brokers
When it comes to online trading, choosing the right broker is crucial. In this comparison, we will analyse two well-known brokers, eToro and ZuluTrade, based on several factors to help traders make an informed decision.
Both eToro and ZuluTrade are regulated by reputable financial authorities. ZuluTrade is regulated by HCMC, CySEC, JFSA, FSC of Mauritius, FSCA, while eToro is regulated by CySEC, ASIC, and FCA. However, eToro has an edge with its registration in the USA with FinCEN, which makes it eligible for US traders. In terms of security rating, eToro has a slightly higher score of 95 compared to ZuluTrade’s 94.
ZuluTrade and eToro offer unlimited demo accounts. ZuluTrade’s demo account has customizable virtual funds of up to $1,000,000 and can be replenished by contacting customer support. eToro’s demo account has virtual funds of $100,000 and can also be restored by contacting customer support.
ZuluTrade’s minimum deposit is $100, and the account currency mirrors the broker you choose to connect with. Payment methods depend on the broker you choose. eToro’s minimum deposit is $200 for most countries ($50 for some), and the account currency is only in USD. Payment methods include wire transfers, credit/debit cards, and eWallets. eToro offers several account types, including Standard, Islamic, Corporate, and Professional accounts for advanced traders.
Both eToro and ZuluTrade offer social and copy trading features. However, eToro is considered the best player in this category, with its proprietary platform specialised in copy and social trading. ZuluTrade also offers quality copy trading features with a vast number of filters and trading order types.
eToro has a wider range of markets available for trading, with 49 forex pairs, 35 commodities, 20 indices, 174 crypto assets, 1050+ stocks, 290+ ETFs, and 4 futures and options. eToro offers crypto, stocks, and ETFs as CFDs and as real assets, making it an excellent option for both short-term and long-term investments. ZuluTrade offers 50+ forex pairs, 3 commodities, 7 indices, and 4 crypto assets, but the markets available for trading depend on the broker you choose to link with your ZuluTrade account.
Broker-related fees such as spreads and commissions depend on the broker you choose to link with your ZuluTrade account. AAAFX, which owns ZuluTrade, offers variable spreads starting from 0.3 pip on forex. eToro offers variable spreads, with the minimum spread starting from 1 pip on forex, which is above the market average. However, eToro offers zero-commission real stocks and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10.
Both eToro and ZuluTrade offer proprietary platforms specialised in social and copy trading. ZuluTrade can also be integrated with MT4 accounts from supported brokers. eToro’s platform is user-friendly, available via web and mobile devices, and provides a seamless copy and social trading experience.
Both eToro and ZuluTrade provide educational resources, including user guides, video tutorials, market analysis, trading insights, webinars, and seminars. Customer support is available 24/7 via email and live chat. However, note that customer support availability and quality may vary between brokers integrated with the ZuluTrade platform.
In conclusion, eToro and ZuluTrade are both excellent brokers with unique features and benefits. ZuluTrade offers quality copy and social trading features with a vast number of filters and trading order types, while eToro is considered the best player in this category with its proprietary platform specialised in copy and social trading. When it comes to the markets available for trading, eToro has a wider range of options, including crypto, stocks, and ETFs as CFDs and as real assets. eToro also offers several account types and zero-commission real stocks and ETFs for CySEC, FCA, and ASIC traders. However, ZuluTrade has a lower minimum deposit requirement, and its demo account has customizable virtual funds of up to $1,000,000. Both brokers offer excellent educational resources and customer support.
Ultimately, the choice between eToro and ZuluTrade depends on the trader’s individual needs and preferences. Traders should consider the factors mentioned above, such as security, account opening, social-copy trading, markets, trading fees, platforms, education/customer care, and more before making a decision. It is recommended that traders research and compare several brokers before selecting the best one for their trading needs.