What are the differences between Sarwa and eToro investments? Which UAE investment platform is most suitable for you to invest your money in US Stocks, EFT, and Cryptocurrencies?
We will compare Sarwa and eToro investing platforms. If you are planning to invest only in the cryptocurrency market, then 2 platforms are the best for UAE and all over the world. Sarwa and eToro. But you are confused as to which platform you should choose. A which platform you should consider to invest in the stock market.
So what are the differences between the Sarwa And eToro? And which one should you choose? Let’s get straight into it.
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1. Security
Okay, so the first and foremost is security. Who are the regulators regulating these two platforms? EToro is regulated by the UK financial conduct authority and the Cyprus securities and exchange commission. They also work under the markets and financial instruments directive. Sarwa is regulated by the DFSA, as well as the FSRA DFSA, which stands for Dubai financial services authority.
You can see my earning dashboard and how much I earned from Sarwa.
FSRA is a financial services regulatory authority. Both of these platforms are very well-regulated. Therefore, for the most part, your funds are safe and 100% legit and regulated by UAE Authorities. Sarwa is a good option when you invest with either of these two platforms. Sarwa takes it one step further with any securities that you own through. Sarwa is not held by Sarwa they are held by internationally renowned brokers called Saxo bank.
Even the funds that you deposit into the Sarwa account are not held in Sarwa operating account. They are held in a separate client account. So your funds are absolutely safe in case something does go wrong. Your funds are insured as well so you have absolutely nothing to worry about.
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2. Account Creation
The second point of difference is account creation. Both of these platforms are very very similar when it comes to account creation. Wherein you need to put in your email address to submit your verification documents and you’re good to go. But the next step is where the differences happen in eToro.
You need to answer a few questions for them to get to know you a little bit better and based on your answers. You are either given or not allowed to use certain features like copy trader the reason. They do this because a lot of people without know what they’re doing. When they get into it if they are a beginner it gets a little bit difficult to understand. And they do tend to lose money. So to avoid this make it simple to keep it simple. Easy for you to use.
They disable these features similarly Sarwa also has a questionnaire where you have to submit your answers. Instead of disabling any sort of features that Sarwa is. They assess your risk threshold and they do all of your investments automatically based on your risk score. These questionnaires are very very simple and they are very very relevant. And they are in place with your best interest in mind.
If you join Sarwa by this link you will get $50 bonus free.
If you join eToro by this link you will get bonus
3. Currency Support
The next point is got to do with currency support. Now Srwa supports USD and AED deposits and withdrawals. EToro supports USD euro GBP as well as AUD. So neither will really give you a problem but it is something that you should know.
4. Ease of Use
Now the next point of difference is the ease of use eToro and Sarwa. Does give you a demo platform where you are given 100 000 virtual dollars which you can play around with without actually putting your money. Your funds are at risk. It is completely virtual. It is fictional you are given the money to do it. what you want just to get to know the platform a little bit better. So if you are an absolute beginner that’s a great way to utilize it. Get you to know the platform.
On the other hand, the Sarwa does not give you a demo account. But there is absolutely nothing for you to learn about Sarwa. Everything is automated. The second you set up the account all you have to do is transfer the funds. They take care of every single thing. So yes eToro is simple but there is a learning curve and you do have to figure it out.
Before you can jump in and start investing Sarwa. On the other hand, is absolutely automated so you have nothing to learn and nothing to do. By the way, if you are enjoying this article if you are finding value from this article. Please don’t forget to clap and comment.
5. Deposit And Withdrawals
The next point of difference is actually a very very important distinction between the two platforms. Something that you should be completely aware of. Before you get into it and that has got to do with deposits and withdrawals.
Your deposits and withdrawals with the Sarwa are done only through bank transfer. You cannot use your credit or debit card for funding Sarwa. On the other hand, eToro allows you to deposit and withdraw funds only through your credit card or debit card. You cannot use a fund transfer feature as far as I know at this point in time.
6. Geography/Presence of these Platforms
Another point of difference between the two platforms is geography. Now we see Sarwa and eToro's presence in the world. Both platforms obviously work in the UAE. I’m sure most of you reading the article are in the UAE. It’s also important to know that both of these platforms don’t support certain countries.
Now Sarwa for example does not allow you to create an account if you are a US citizen or a US tax recipient. Etoro does not allow you to create accounts in some parts of the world. It’s also important to note that Sarwa is a MENA region-focused platform.
Whereas Etoro is more of a globally accessible platform. If you want to know specifically whether your region is supported on either of these platforms do write to their independent customer service team or go to their website. And I’m sure you’ll find the answer that you’re looking for.
In the meantime, if you are in the UAE you can use either of these platforms with absolutely no issues at all.
7. Minimum Deposit
This point of difference is something that you should absolutely know it is something that you cannot get started without knowing. That is what is the minimum requirement in terms of minimum deposit for funding your platform. Etoro requires you to deposit a minimum of $200 on your first deposit. Sarwa requires you to deposit a minimum of $5 when you get started.
You no longer need to deposit a minimum of $500 to get started on Sarwa. You can start with as little as $5 on Sarwa and nothing else changes on the platform. Now, remember the $200 or the $500 are no fees or any such thing. They actually go into your account and you start investing with that amount of $5 on Sarwa that you deposit.
There is one more thing that you should know about investing with Sarwa. When it comes to minimum deposit and that is they do have an option called Sri. Which is socially responsible investing now. If you do select this option your minimum deposit is no longer $500. It jumps up to $2500. So if you have already selected this by mistake then go ahead and contact their support and inform them that.
You would like to start with just $5. They should be able to work things out. But if you haven’t started yet make sure that option is not selected when you set up the account. Having said that if you would like to start investing with $2500 then by all means go right ahead. If you are considering getting started with either of these platforms.
I have left links be sure to use them to sign up and you get benefits as well. If you use my links to sign up for example you will receive $50 directly into your Sarwa account. If you use that link and deposit your first $500.
8. Individual Stock Investment
The next point of difference is an individual stock investment. Sarwa at this point in time does not allow you to do individual stock investments. Meaning you cannot go and physically choose a specific stock in which you want to invest. For example, if you want to buy apple stock you cannot do that on Sarwa.
Karma chooses your investment portfolio based on your risk levels. On the other hand, has so many different choices for you to get started on investing. You can choose to invest in individual stocks you can choose to invest in indices. You can choose to invest in commodities you can choose to invest in cryptocurrency. The list goes on and on and you also have options like copy trader simplicity is what you want then.
The Sarwa is definitely the option for you. But if more features and more options are. What you’re looking for then eToro is definitely the platform for you.
9. Fees
Last but not least fees. Now both of these platforms don’t really charge a lot in terms of fees. But if you do want to get started without paying. Absolutely any fees up to the first two thousand five hundred dollars. The Sarwa is a platform for you eToro. On the other hand does not have the free option but their fees are quite reasonable.
If you want to know the exact fees for various things like withdrawal deposits trading and so on then go to each of these platforms' websites. You will be able to get the answers. You’re looking for so. if you’ve enjoyed this article please don’t forget to clap and comment. As I said if you do want to sign up with these platforms links are here. I’ll catch you in the next one take care. plz like, follow, and share. Plz, give us suggestions via comments.
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