This article compares eToro vs Voyager, both cryptocurrency trading platforms offering unique options that the other platform does not have.
At A Glance
When comparing eToro vs Voyager, each platform has different features. In addition, each platform has something a little different than the other one does not offer. eToro is perfect for the beginner trader because of its features for those with little experience, like a practice account for trading. eToro has a CopyTrading system tool. It allows multi-asset investment in stocks, trades, and CFD. eToro uses percentages to determine the fees.
On the other hand, Voyager is intended for the trader looking for a crypto broker and the ability for digital asset investing. Voyager uses top-of-the-line security protection to protect users from hacking and fraud. It has an easy-to-use interface. In addition, Voyager allows you to earn annual rewards from your investments, as much as 12% annual rewards to maximize your portfolio growth.
How the Best Choice Was Determined
When reviewing these two platforms to determine which option is the best choice overall, we compared many of the features. Therefore, we must verify the validity of the information before using it for comparison purposes. In addition, we understand all the various features and functionality of the two platforms.
We gather feedback from users, updated pricing, and service features. We believe in the value of user feedback and its importance in making decisions, so it is also critical to ensure that no claims are false. We dig deeper into the features to understand the options each platform provides.
We have outlined here that eToro is the winner and best for beginners, while Voyager is for a more experienced investor.
eToro Overview
eToro was founded in 2007 in the United Kingdom. It is well-known for being a leading force for social trading combined with investing. On the eToro platform, traders can network and interact to learn successful strategies and techniques from other traders. eToro leans toward the beginning trader because it is easy to use and intuitive interface. In addition, eToro provides many financial tools and trading features to assist traders.
eToro is a brokerage platform including the stock exchange, cryptocurrency, forex, commodities trading, and other options. eToro is available in over 100 countries with more than 17 million users. eToro is licensed to operate in Europe, the UK, and the US and maintains a custodial approach to assets on the platform.
Pros:
- Provides support for the leading trading options
- Regulated for security
- The interface is easy to use
Cons:
- There is no option for self custody
- Fees for crypto trades can be high
- Limited opportunities for US traders
Voyager Overview
Voyager is ideal for investors who want to maximize their portfolio and growth. You can earn rewards from almost 30 digital assets each month. There are no contracts, and you can leave the site at any time. Voyager caters to all kinds of investors and crypto traders.
They have low fees and unlimited investment options. They are a great choice for those that want to diversify their portfolio. In addition, Voyager has a proprietary Smart Order Router feature. This allows you to find and connect to the best crypto exchange services for the lowest possible transaction price.
Pros:
- Simple, easy to use, and intuitive mobile platform
- Numerous investment opportunities
Cons:
- Only available in mobile, no desktop version
Comparison of Features
Fees
Fees charged by a platform matter to you because they impact your bottom line. Fees are taken directly from your cash flow. Therefore, we all want them as low as possible.
eToro says they have a zero commission trade policy. The details explain that eToro uses a percentage spread based on market conditions. This spread increases their profit margin between buying and selling. The spread range starts at 0.75 percent but may go up to 2.9 percent. This variance is significant and directly impacts the bottom line.
Voyager has $0 commissions on all cryptocurrency order placements. Voyager withdrawal fees are low, and you only pay a flat fee per token. Voyager has a $50 fee for a wire transfer. Voyager’s exchange makes money only when you do. Voyager wins in this category.
User Interface
The ability to use the interface easily is essential for traders. Therefore, both platforms have easy-to-use and intuitive interface designs. In addition, both platforms offer a mobile app that is available for iOS and Android.
eToro and Voyager have fast processes for creating an account. It takes no time to gain access to the platform once creating one. eToro offers a dashboard that is similar to most social media platforms. It allows you to see what other traders are saying about investment options. eToro provides access to tools for advanced trading so their users can grow and learn to become master traders. Voyager has the fastest signup process. While they have an easy-to-use interface, their app is only mobile.
eToro’s interface mimics a social platform. Voyager’s application is perfect for a mobile only user. They tie here based on the type of user you are.
eToro vs Voyager: The Winner
Best Overall
Overall, eToro and Voyager are well-matched when looking for the best trading platform. They both offer accessible platforms to use with various features. eToro has more options for the new trader with additional features like the CopyTrading system, making it the best overall platform.
Best for a Mobile Trader
Voyager is best for mobile trader that wants fast access from their phone. Voyager has an easy-to-use interface that loads quickly and reliably.
Now is the time to get started easily on eToro as your trading platform.
Go to the eToro sign and click on the signup button. Provide all the necessary information or sign in with Google or Facebook. eToro does require you to review the Terms & Conditions and the Privacy Policy. Once you submit, there is additional information you must submit to ensure eToro complies with the standards and regulations set forth by all governing bodies.
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