eToro has been around for nearly 14 years since it was founded in 2006. Even though it is considered as one of the leading online Forex and CFD brokers, eToro has some flaws. As traders’ needs are rapidly evolving, you might want to be aware of eToro alternative platforms. In this guide, we will suggest 4 alternatives to eToro that provide lower fees and more a large variety of assets. What are some disadvantages of eToro? For many people, eToro might be the best trading platform. The broker has developed a user-friendly and well-designed web-browser trading dashboard where traders can easily place orders, connect with other members, and even copy trades of other top traders in the community. But every platform has a few pros as well as cons. Selecting a trading platform is highly dependent on your location, trading needs, and trading style. There are some eToro alternative platforms that can allow you to get the most out of your trading account. First, we have collected the main disadvantages of eToro: A limited selection of cryptocurrency pairs Forex and CFD trading is not available for residents in the United States In the U.S., cryptocurrency trading is only available in 39 US states eToro charges non-trading fees such as withdrawal fee and inactivity fees eToro’s spreads are slightly higher than competitors MT4 and MT5 trading platforms are not supported Minimum deposit is slightly higher than on other platforms ($/€/£150) eToro is considered by many as the best social online trading platform out there. The eToro trading platform was designed for beginners as well as professional traders that want to make trading a social experience. If you are a newbie in trading, eToro is without a doubt the best option for you to get started. But if eToro does not support your country of residence, or if you would like to check out alternative platforms, we have listed four fantastic eToro alternatives. Let’s find out more about each one of these below. 4. Markets.com - Best Platform for Market Research and Analysis Unlike eToro, Markets.com provides the MetaTrader4 Markets.com offers great trading and research tools that include the XRay and Market Sentiment features Markets.com has a zero-commission trading policy Different from Markets.com, eToro is a social trading platform that gives traders the ability to interact with each other Unlike Markets.com, eToro offers the CopyPortfolio tool that are an innovative investment method Visit Markets.com How we analyzed these alternatives All in all, eToro has a great trading platform for all types of traders. The broker provides a social trading platform with high-security levels and a wide selection of products. eToro appears to be one of the leading brokers for beginners and those who are looking for a simple-to-use online trading platform. Moreover, if you are located in the United States and wish to trade cryptocurrencies, eToro is one of the few CFD brokers that offer cryptocurrency trading for US residents. Yet, there are some alternative options that you should take into consideration if you cannot trade with eToro or looking for a desktop-based professional trading platform. Our final conclusion is based on these factors: Safety and regulation: eToro is highly regulated and secure which means you should not have any concerns to trade with this broker. Yet, if eToro is not available in your country, we have collected the most well-regulated CFD brokers in the industry. Those include AvaTrade, Huobi, Forex.com (regulated in the United States), and markets.com Usability: If you are looking for an easy-to-use trading platform, eToro and Huobi are the ideal brokers to get started. Supported countries: For those who are located in the United States, eToro is the best option to trade cryptocurrencies and Forex.com is among the few brokers that offer margin trading on a wide range of products for US residents. Otherwise, AvaTrade, Forex.com and Markets.com are great platforms to get started. Fees: eToro fees are not the lowest in the market, though sometimes it is better to pay more and get more. Markets.com and Forex.com are among the top brokers with lowest fees in the industry. eToro alternatives – Final Thoughts The bottom line, if you are interested in social trading, then check out eToro, we highly recommend it. If you are looking for a user-friendly trading platform with a vast array of tradable products then you might consider Huobi. For those who are looking for a top regulated broker that offers a professional trading platform (like MetaTrader4) and options trading, AvaTrade and Markets.com are an ideal solution. And Forex.com is the recommended broker if you are located in the United States and looking for margin trading. FAQs Are there any platforms like eToro? Yes. There are plenty of other platforms providing online trading of CFDs and cryptocurrencies. However, eToro offers a unique trading experience due to its social trading platform where traders can connect with each other. Though trading is mostly an individual journey, eToro makes it a bit different with its innovative platform and makes it a completely social trading experience. Is eToro expensive? eToro is not the cheapest trading platform in the market but it offers a unique trading platform and additional trading tools that differentiate the broker from other competitors in the market. Is eToro unsafe? No, eToro is completely safe and regulated. The fact that eToro is regulated ensures that the broker complies with regulatory requirements and must hold clients' funds in segregated accounts. What is the lowest deposit you can start with ? From the choices above, Forex.com maintains the lowest minimum deposit you can start with of $50.