Betterment
eOption
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Overview
Betterment was founded in 2008 and is headquartered in USA, while eOption was established in 2008 and is based in USA. Both brokers are regulated by Unregulated, among other authorities. Betterment serves 10,000+ clients worldwide; eOption has 10,000+. The minimum deposit is $0 at Betterment and $500 at eOption.
| Feature | Betterment | eOption |
|---|---|---|
| Min. Deposit | $0 | $500 |
| Regulation | Unregulated | Unregulated |
| Founded | 2008 | 2008 |
| Country | USA | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Betterment and eOption, directly affecting your bottom line as a trader. Betterment has a lower barrier to entry with a minimum deposit of $0 (vs $500 at eOption). Both brokers charge withdrawal fees. eOption charges deposit fees; Betterment does not. Overall, Betterment scores higher on fees in our assessment.
| Feature | Betterment | eOption |
|---|---|---|
| Min. Deposit | $0 | $500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Betterment offers MT5, cTrader, while eOption supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Betterment supports social and copy trading features, which eOption does not offer. eOption edges ahead on platform breadth and functionality in our scoring.
| Feature | Betterment | eOption |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Mac,iPhone,iPad,WEB,Desktop | DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Betterment and eOption compare. Betterment runs regular live webinars; eOption does not. Both provide video tutorials. Betterment publishes daily market commentary; eOption does not. Both integrate third-party research tools. Betterment maintains an archive of past webinars for on-demand viewing. Betterment scores higher overall in education and research.
| Feature | Betterment | eOption |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Betterment accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while eOption supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Betterment | eOption |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Betterment and eOption offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Betterment | eOption |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |