Ease of Use
User Interface and Design
Both eToro and Nordnet have a good user interface and design. eToro offers an overview of CFDs and stocks you follow, and there is a menu on the side that grants quick access to your portfolio, market news, deposit, settings, and withdrawal. Nordnet also has a menu at the top of the screen that shows your pages, market and stock exchange, and customer services. Plus, the platform offers an overview of all sub-indices and the main index.
eToro provides statistics on how customers traded, and Nordnet allows you to scroll to see a list of traders and the shares they traded the most. So, both platforms are equal as far as user interface and design are concerned.
You can buy an additional program on Nordnet for technical analysis. You can also add moving averages, RSI, MACD, Bollinger Bands, and a few other indicators. However, you can't draw support and resistance, trends, and formations. However, they do not offer fundamental analysis.
You can open share prices in charts on eToro, and the technical analysis program is free. You can also choose different chat layouts and settings, and draw technical formations, trend lines, and support and resistance. Also, it offers RSI, floating moving averages, MAC, and a few other indicators. Unlike Nordnet, eToro offers free fundamental analysis for some shares.
- eToro offers a ticket system, live chat, 24/7 support, and a FAQ section.
- Nordnet offers a FAQ section, Ticket system and is open Monday to Friday, 8:30 am to 5 pm. You can also call 23 33 30 23 for inquiries.
As you can see, both platforms offer the same customer service with a few variations of 24/7 chat and an accessible phone number. So, bear in mind that Nordnet's customer service is not available on weekends and that eToro does not offer telephone support. Again, a draw.
Brokerage and Costs
eToro does not charge brokerage fees, but Nordnet does. In other words, when you trade on eToro, you won't pay a commission to sell shares, CFDs, and listed funds. The only price you will pay is the spread.
On the other hand, Nordnet charges a commission for their different brokerage classes. It ranges from € 3 to € 9. If you add spread to this figure, you will discover that Nordnet is more expensive to use than eToro.
eToro offers more investment options than Nordnet. Although both platforms offer access to ETF/ETN and stocks, you can trade stocks on eToro from any part of the world. This includes American and European stocks, Norwegian stocks, and Chinese stocks. In contrast, Nordnet only offers access to trading American, European, and Norwegian shares.
If you want to trade options, warrants, and funds, choose Nordnet. But if you wish to trade cryptocurrencies and CFDs on currencies, cryptocurrencies, commodities, indices, and access shares from any part of the world, choose eToro.