Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
eToro
Regulated in your country eToro is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
ZuluTrade
Not regulated in your country ZuluTrade does not accept residents in Australia because it is not regulated by ASIC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders eToro and ZuluTrade are best suited to, based on what each one actually offers in Australia.eToro is better than ZuluTrade for long-term investors, swing traders and algo traders, while ZuluTrade is better for professional traders and scalpers. High-volume traders, news traders and CFD stock traders can choose either eToro or ZuluTrade.
| Overall score | eToro 81 Best 83 | ZuluTrade 73 -8 not offered |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise eToro and the ones that supervise ZuluTrade.Only eToro is regulated in Australia, by ASIC. ZuluTrade holds no licence in Australia and is regulated by HCMC and the JFSA (Japan).
| Section score | eToro 100 100 | ZuluTrade 100 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | HCMC (Greece) | |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that eToro and ZuluTrade have in place to protect your money in Australia.Both eToro and ZuluTrade offer segregated client funds and two-factor authentication. eToro also offers additional money insurance. ZuluTrade also offers an investor compensation scheme.
| Section score | eToro 81 Best 81 | ZuluTrade 78 -3 not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 2008 |
| Parent company i | eToro Group Ltd | Finvasia Group |
| CEO i | Yoni Assia | Tajinder Virk |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Australian Settlements Limited | N/A |
| Brand power | ||
| Number of customers worldwide i | 4,280,000 | 1,000,000 |
| Annual revenue i | US$1,340,000,000 | |
| Monthly website search traffic i | 13.2M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with eToro and with ZuluTrade in Australia, both on each trade and on holding the account.eToro is better than ZuluTrade for CFD/FX costs, because eToro does not charge inactivity fees, unlike ZuluTrade. Neither eToro nor ZuluTrade charges account maintenance fees or deposit fees.
eToro and ZuluTrade cannot be compared for real stock costs, because eToro is a broker offering both CFDs and stocks while ZuluTrade is a CFD broker.
| Section score | eToro 55 Best 76 | ZuluTrade 37 -18 not offered |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | ||
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.2 | |
| S&P 500 fees (CFD) i | 1.08 points | |
| Gold fees (CFD) i | 0.88 points | |
| Bitcoin fees (CFD) i | US$1,585.8 | |
| US stocks fees (CFD) i | ||
| Fees on stocks | ||
| Stock fee type i | Commission | |
| US stocks fees (real) i | US$4 | |
| ETF fees (real) i | Free | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with eToro and with ZuluTrade in Australia, and of how many instruments each one gives access to.eToro is better than ZuluTrade for CFD/FX markets, since eToro offers CFDs on ETFs, which ZuluTrade does not, and lets you own crypto, ETFs and stocks outright, which ZuluTrade does not. Both eToro and ZuluTrade offer CFDs on commodities, crypto, forex, indices and stocks.
There is no like-for-like comparison for real stock markets, as ZuluTrade is a CFD broker and does not offer real stocks.
| Section score | eToro 85 Best 55 | ZuluTrade 75 -10 not offered |
|---|---|---|
| Total tradable symbols i | 7,000 | 0 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i | Crypto, ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that eToro and ZuluTrade make available to their clients in Australia.eToro is better than ZuluTrade for platforms, since eToro offers one-click trading, which ZuluTrade does not. eToro and ZuluTrade both offer a proprietary platform and social trading.
eToro and ZuluTrade cannot be compared for platforms, because eToro is a broker offering both CFDs and stocks while ZuluTrade is a CFD broker.
| Section score | eToro 84 Best 84 | ZuluTrade 80 -4 not offered |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of eToro and ZuluTrade in Australia, and of what each one lets you do from your phone.eToro is better than ZuluTrade for mobile trading, since eToro offers mobile price alerts, mobile charting tools and mobile drawing tools, which ZuluTrade does not. eToro and ZuluTrade both offer a proprietary mobile app and a social trading app.
There is no like-for-like comparison for mobile trading, as ZuluTrade is a CFD broker and does not offer real stocks.
| Section score | eToro 87 Best 87 | ZuluTrade 74 -13 not offered |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that eToro and ZuluTrade allow on their platforms in Australia.eToro and ZuluTrade are equally good for CFD/FX trading features, since eToro offers trailing stops, and allows for automated trading. On the other hand, ZuluTrade allows for scalping and expert advisors. Both eToro and ZuluTrade offer negative balance protection and API access.
ZuluTrade does not offer real stocks, being a CFD broker, so eToro and ZuluTrade cannot be compared for real stock trading features.
| Section score | eToro 68 85 | ZuluTrade 67 -1 not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | ||
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$10 | US$0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at eToro and at ZuluTrade in Australia, and of who each one is meant for.ZuluTrade is better than eToro for CFD/FX account types, given that ZuluTrade offers a professional traders account, an Islamic account and a micro account, which eToro does not. eToro and ZuluTrade both offer a demo account and a copy trading account.
eToro and ZuluTrade cannot be set side by side for real stock account types, as ZuluTrade is a CFD broker and does not offer real stocks, unlike eToro.
| Section score | eToro 45 -18 76 | ZuluTrade 63 Best not offered |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with eToro and with ZuluTrade in Australia.eToro is better than ZuluTrade for account opening, as eToro requires a lower minimum deposit, at US$50 (against ZuluTrade's US$100), and supports e-wallets, which ZuluTrade does not. eToro and ZuluTrade both offer credit cards and debit cards. ZuluTrade holds no licence in Australia.
Only eToro can be assessed for account opening, since ZuluTrade is a CFD broker and does not offer real stocks. ZuluTrade holds no licence in Australia.
| Section score | eToro 69 Best 69 | ZuluTrade 62 -7 not offered |
|---|---|---|
| Minimum deposit i | US$50 | US$100 |
| Minimum withdrawal i | US$30 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | USD, AUD | EUR, USD |
| Deposit waiting time i | Instant | Instant |
| Withdrawal waiting time i | up to 7 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and ZuluTrade in Australia, in how it can be reached and how fast it answers.eToro is better than ZuluTrade for customer care, given that eToro offers a dedicated account manager, priority support and call-back requests, which ZuluTrade does not. eToro and ZuluTrade both offer phone support and live chat.
ZuluTrade does not offer real stocks, being a CFD broker, so eToro and ZuluTrade cannot be compared for customer care.
| Section score | eToro 78 Best 78 | ZuluTrade 55 -23 not offered |
|---|---|---|
| Number of languages supported i | 7 | 24 |
| Website languages i | Arabic, German, English, French, Italian, Spanish, Chinese | Arabic, Bulgarian, Czech, German, Greek, English, Finnish, French, Hebrew, Hungarian, Italian, Korean, Malay, Dutch, Norwegian, Polish, Portuguese, Russian, Slovenian, Spanish, Swedish, Thai, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | English | English |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that eToro and ZuluTrade provide to their clients in Australia.eToro is better than ZuluTrade for learning, since eToro offers professional reports, daily market commentary and traders' sentiment, which ZuluTrade does not. eToro and ZuluTrade both offer education for advanced traders and webinars.
Only eToro can be assessed for learning, since ZuluTrade is a CFD broker and does not offer real stocks.
| Section score | eToro 96 Best 96 | ZuluTrade 75 -21 not offered |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
eToro vs ZuluTrade: which one should you choose?
eToro
CFD/FX Choose eToro if you want an online CFD broker regulated in Australia by ASIC, with a wide choice of markets and corporate accounts.
Stocks Choose eToro if you want a share dealing service regulated in Australia by ASIC, with crypto and ETFs to own.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
ZuluTrade
CFD/FX Choose ZuluTrade if you want a CFD and forex broker for scalping and hedging, with fast withdrawals and live in a country where it is licensed to operate.
Not licensed in Australia CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include eToro or ZuluTrade, each scored with the same data and method as this page.
