Is eToro better than TradingView?
TradingView rates 4.6/5 stars with 53 reviews. By contrast, eToro rates 3.7/5 stars with 25 reviews. Each product's score is calculated with real-time data from verified user reviews, to help you make the best choice between these two options, and decide which one is best for your business needs.
Koyfin is the TradingView alternative. Koyfin's powerful financial analysis tools, customizable charts, and flexible pricing options make it a top choice for investors seeking an alternative to TradingView.
Best Broker Alternatives for eToro
Interactive Brokers - 9.9/10 Overall. Saxo - 9.7/10 Overall. CMC Markets - 9.6/10 Overall. FOREX.com - 9.4/10 Overall.
Other important factors to consider when researching alternatives to eToro include reliability and ease of use. We have compiled a list of solutions that reviewers voted as the best overall alternatives and competitors to eToro, including TradingView, thinkorswim, E*Trade Web Platform, and MetaTrader 4.
eToro was founded in 2007 and is regulated in three Tier-1 jurisdictions and one Tier-4 jurisdiction. eToro has earned a Trust Score rating of Highly Trusted. eToro is excellent for social copy trading and cryptocurrency trading and was our top pick for both categories for our 2024 Annual Awards.
- investing.com , with 189.54M visits, 97 authority score, 63.55% bounce rate.
- marketwatch.com , with 90.8M visits, 90 authority score, 65.25% bounce rate.
- nasdaq.com , with 24.93M visits, 79 authority score, 70.45% bounce rate.
TradingView isn't just for beginners, many professional traders utilize the platform as well. They appreciate its performance, coverage of hundreds of exchanges, comprehensive trading tools, and the availability of resources like news, education, and trade ideas.
Cons Explained
Margin trading not available in the U.S.: More experienced traders looking to trade crypto or other assets with margin will not find this feature on eToro. Lacks advanced trading tools and features: eToro's focus is on simplicity and user experience, primarily targeting a broad investor base.
eToro is an established and reliable leader in the global finance industry, and is trusted by millions worldwide. As a responsible and regulated broker with years of experience in the financial markets and the fintech space, we take our reputation — and our clients' trust — very seriously.
Many people can and do make money investing with eToro. Many others also lose money. Wherever you invest, you should expect the values of your investments to go down as well as up. You are not guaranteed to see a return on your investment, or to break even.
Who is eToro's rival?
eToro's top competitors include Webull, StockGro, and Alpaca. Webull operates as a financial services company specializing in online brokerage and investment services. The company offers a platform for trading stocks, options, exc…
Yes. eToro operates in accordance with FCA, CySEC and ASIC regulations, meaning that there are measures in place to protect investors. On eToro, our clients' funds are kept secure in top-tier banks or placed in qualifying money market funds. All personal information is guarded under SSL encryption.
- Interactive Brokers - Best Overall.
- E*TRADE - Best for Casual Traders.
- Fidelity - Best App for Investors and Beginners.
- Charles Schwab - Best for Traders.
- Merrill Edge - Best App for Stock Research.
Rest assured that eToro, as a responsible and regulated broker, has processes in place to ensure that your funds are safeguarded at all times. In the unlikely event of an eToro insolvency, eToro users will be entitled to compensation, depending on their country of residence and amount invested.
How are the funds in my eToro Money account protected? Unlike banks, eToro is not allowed by law to use or re-invest client's funds. Therefore, in the unlikely event of insolvency, your funds held by eToro Money are covered in their entirety, other than the cost of returning the funds to you.
Yes, we accept residents of the United States. eToro is available in almost every state. See which states are currently supported here. For regulatory reasons, we cannot provide our service to US citizens who reside outside the USA.
TradingView is better for crypto trading. It has specific tools for crypto like Renko charts, crypto screener, and charting for thousands of crypto pairs. Thinkorswim mainly focuses on stocks, options and futures.
Traders and investors use our platform. Top website in the world when it comes to all things investing. Mobile reviews with 4.9 average rating. No other fintech apps are more loved.
You can get TradingView pro features for free if you sign up in Fyers broker. The Fyers trading panel is almost the copy-paste of the TradingView with all the premium features. If you are in Forex, you can sign up on FXCM and ask them for the premium features. There you will get 1-year premium for free.
You'll Need To Have 2 Platforms At All Times
TradingView by itself isn't a trading platform through which you can place trades. While it is true that TradingView associated with some brokers like Oanda and FXCM, in most cases you won't be able to enter your trades from the charting platform itself.
Is paying for TradingView worth it?
You'll be at a serious disadvantage without these tools, which is something I'm all too familiar with. I'll spare you the painful details, but I would have saved a lot of time, frustration, and money if I'd found TradingView sooner. If you're wondering whether paying for TradingView is worth it, my answer is 100% yes.
- Interactive Brokers - best broker for TradingView in 2024. ...
- Webull - Free stock/ETF trading and high 5% interest on uninvested cash. ...
- Ally Invest - Low trading and non-trading fees. ...
- Oanda - Great trading platforms. ...
- Forex.com - Low forex fees. ...
- Optimus Futures - Low trading fees and free ACH withdrawal.
On rare occasions, very sudden price movements could cause your portfolio value to become negative when you trade CFDs. In these cases, eToro will make sure that you do not lose more money than the total sum you have invested in CFDs.
eToro stands out for its social trading features, allowing traders to follow and copy the strategies of experienced professionals. This tool can be valuable for beginners or those looking to diversify their trading approach. The platform also provides a diverse range of assets and a user-friendly interface.
On eToro, spreads are variable. Spreads may vary per instrument according to market conditions. Instruments which are typically more volatile are more susceptible to wider spread variations than other, more stable, instruments.
