In this article, we will talk about 3 eToro Alternatives for Traders. eToro is one of the popular platforms for trading in the market. It is well known for its copy trading feature and its mobile trading platform, available on both android and IOS.
Even though eToro is a great platform for trading, there are better alternatives for traders depending on their needs. The following are 3 great eToro Alternatives for traders.
1. BlackBull Markets
Assets Available | 6 Asset Classes – Forex, Commodities, Equities, Indices, Metals and Cryptocurrencies. |
Regulated By | FMA, FSA |
No. Of Trading Platforms | 6 main trading platforms - TradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull CopyTrader and BlackBull Invest |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips (depends on account type) |
Commission | From 0% (depends on account type) |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Provides basic education including trading tutorials, webinars, etc |
Methods of Payment | Visa, Mastercard, Bank Transfer, Airtm, Crypto, Neteller, Skrill, HexoPay, AMEX, SEPA, Poll, PaymentAsia, Help2Pay, FXPay, FasaPay, China Union pay, Boleto, Beeteller, AstroPay |
Open Account |
The BlackBull markets broker is a great alternative to eToro, known for its lightning fast trade execution speeds. The BlackBull markets broker was founded in Auckland, New Zealand in 2014.
This broker is regulated by the Financial Markets Authority (FMA) in New Zealand and the Financial Services Authority (FSA) in Seychelles.
The BlackBull markets broker provides traders with a range of trading platforms, including our favourite trading platform, the TradingView trading platform.
When you sign up with the BlackBull markets broker, you can get TradingView Premium for free, which is great. If you are interested, click here to sign up with the BlackBull markets broker.
Besides the TradingView platform, BlackBull Markets offers several other trading platforms. These include MetaTrader 4 and 5, cTrader, BlackBull Copy Trader, and BlackBull Invest.
With this broker, you can trade 6 different asset classes. These are Forex, Commodities, Equities, Indices, Futures and Cryptocurrencies.
The BlackBull markets broker offers traders with 3 main account types. These are ECN standard account, ECN prime account and the ECN Institutional account.
For the ECN standard account, the spreads start from 0.8 pips and no commission is charged. For the ECN prime account the spreads starts from 0.1 pips and the commission charged is $6 per lot. For the ECN institutional account, the spreads start from 0.0 pips and the commission charged is $4 per lot.
When it comes to customer service, the BlackBull markets broker provides traders 24/7 customer support. You can contact the BlackBull markets broker through several methods, these include phone, email and live chat.
When it comes to leverage, the BlackBull markets broker provide traders with a leverage of up to 1:500.
To start trading with the BlackBull markets broker, you don’t require a minimum deposit. If you are interested in trading with the BlackBull markets, click here.
You can also watch the complete review of the BlackBull market broker below, or read the full review here.
2. Fusion Markets
Assets Available | 5 Asset Classes - Forex, Crypto, Stocks, Commodities, Indices. |
Regulated By | ASIC, VFSC |
No. Of Trading Platforms | 4 Trading Platforms - TradingView, MT4, MT5, cTrader |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From $0 |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Educational Blog |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, Neteller, Skrill, PayPal, etc. |
Open Account |
Fusion Markets is also another great broker that is an alternative to eToro, known for its low spread offering. This broker was founded in Melbourne, Australia, back in 2017.
Fusion Markets is a legit broker that is regulated by top-tier authorities. They’re overseen by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
The Fusion Markets broker provides traders with 4 main account types. These are Zero Account, Classic Account, Demo account and Fusion Pro account. For the zero account, the spreads start from 0.0 pips and the commission charged is $2.25 commission per side. For the classic account, the spreads start from 0.9 pips and no commission is charged.
With this broker you can trade 5 asset classes, these are Forex, Crypto, Stocks, Commodities and Indices.
The Fusion Markets broker offers traders a choice of several trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and TradingView.
Fusion Markets offers traders 24/7 customer support similar to that of the BlackBull markets broker. You can contact their support team by email, phone, or live chat.
Fusion Markets offers leverage of up to 1:500. There’s no minimum deposit required to start trading with them. If you’re interested in trading with the Fusion Markets broker, click here.
You can also watch the complete review of the Fusion market broker below, or read the full review here.
3. FBS Broker
Assets Available | 5 Asset Classes – Forex, Metals, Indices, Energies, and Stocks |
Regulated By | CySec, IFSC and ASIC |
No. Of Trading Platforms | 3 main trading platform. MetaTrader 4, MetaTrader 5 and FBS Trader |
Leverage | Up to 1:3000 |
Spreads | Starts from 0.7 pips (Standard Account) |
Commission | Starts from 0% |
Min Deposit | $5 |
Demo Account | Yes |
Education Provided | Guide books and webinars. |
Methods of Payment | Bank Wire Transfers, Credit Card/Debit Cards, Skrill, Neteller, Perfect Money, Sticpay and Cryptocurrencies |
Open Account |
FBS Broker is also another great broker that is an alternative to eToro, known for its high leverage offering. The FBS broker provides a leverage of up to 1:3000, which is one of the highest leverage in the industry.
FBS was founded on January 9, 2009, and is headquartered in Belize City, Belize
FBS broker is regulated by 4 different regulators, including tier 1 Forex regulator, which is the Australian Securities and Investments Commission (ASIC).
FBS broker provides 3 main trading platforms. These are MetaTrader 4, MetaTrader 5 and FBS trader. The MetaTrader 4 and MetaTrader 5 trading software supports mobile, web and pc trading. It also supports algorithmic trading as well.
FBS trader is a mobile trading application that is downloaded by 5 million+ users worldwide. FBS mobile trading application works on both Android and IOS.
With this broker, you can trade 5 Asset Classes. These are Forex, Metals, Indices, Energies, and Stocks.
FBS broker provide traders with one main account type. This is a called a standard account. The spreads for this account starts at 0.7 pips and the commission from 0%. They also do provide another alternative account called the cent account for traders with very low funds.
FBS broker provide traders with great customer support 24/7. To trade with the FBS broker, you only require a minimum deposit of $5. If you are interested in trading with the FBS Broker, click here.
You can also watch the complete review of the FBS broker below, or read the full review here.
Conclusion – eToro Alternatives
eToro is a great platform for traders. eToro is trusted by millions of traders worldwide. That doesn’t mean that there aren’t better alternatives to eToro. BlackBull Markets, Fusion Markets, and FBS Broker are great alternatives to the eToro trading platform.
