eToro
m1 finance
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Overview
eToro was founded in 2007 and is headquartered in Cyprus, UK, while m1 finance was established in 2018 and is based in Australia. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. eToro serves 20,000,000+ clients worldwide; m1 finance has 10,000+. The minimum deposit is $50 at eToro and $250 at m1 finance.
eToro
m1 finance
| Feature | eToro | m1 finance |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F273 |
| Founded | 2007 | 2018 |
| Country | Cyprus, UK | Australia |
| Clients | 20,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between eToro and m1 finance, directly affecting your bottom line as a trader. m1 finance has a lower barrier to entry with a minimum deposit of $250 (vs $50 at eToro). eToro charges withdrawal fees while m1 finance does not, a notable advantage for frequent withdrawers. eToro applies inactivity fees on dormant accounts; m1 finance does not. m1 finance charges deposit fees; eToro does not. Overall, eToro scores higher on fees in our assessment.
| Feature | eToro | m1 finance |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
eToro offers MT4, MT5, cTrader, a proprietary platform, while m1 finance supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. eToro edges ahead on platform breadth and functionality in our scoring.
| Feature | eToro | m1 finance |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | web trader, tablet & mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eToro and m1 finance compare. eToro runs regular live webinars; m1 finance does not. Both provide video tutorials. eToro publishes daily market commentary; m1 finance does not. Both integrate third-party research tools. eToro maintains an archive of past webinars for on-demand viewing. eToro scores higher overall in education and research.
| Feature | eToro | m1 finance |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. eToro accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while m1 finance supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | eToro | m1 finance |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both eToro and m1 finance offer live chat support. Both provide phone support. Email support is available at both brokers. eToro supports 5 languages and m1 finance supports 8, giving m1 finance broader global reach. Both brokers are comparable on support quality.
| Feature | eToro | m1 finance |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Spanish, French, and Italian | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |