Page Summary
eToro and Forex.com are leading online brokers with top-tier regulations. eToro is a trustworthy social trading broker with licenses from the ASIC and FCA. It offers a professional proprietary platform, a web platform, and an app. eToro has a dedicated social trading space recommended for advanced traders.
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eToro
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Forex.com
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 400:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | $5 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after one year | $15 per month (after 12 months) |
| Cost Per Trade | N/A | 0 |
| Cost Per Month | N/A | 0 |
| Forex (EUR/USD) | 1.1 pip | 0.8 pips |
| Stocks & ETF | 0 | 0 + spread |
| CFD (Gold) | 5 pip | 0.8 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0.50% |
| Misc. Fees | 0 | 0 |
| Overnight Fees | 2.50% |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $200 | $100 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 2.800 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 30 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex | 49 | 91 |
| CFD Indices & Funds | 250 | 17 |
| CFD Stocks | 2800 | 9500 |
| CFD Commodities | 54 | 22 |
| CFD Crypto | 32 | 8 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Forex.com is the leading forex trading broker with excellent platforms. It has top-tier licenses from the IIROC, FSA, FCA, and CFTC. Forex.com has well-designed trading platforms and apps with educational tools. It is a good choice for active forex traders.
Both online brokers have advantages and disadvantages. This article discusses the differences between eToro and Forex.com.
Top findings from the eToro vs. Forex.com review:
- eToro is the leading social trading broker with access to major forex pairs and excellent social trading tools.
- Forex.com has a reliable forex trading app with educational data on forex.
- Both brokers have a proprietary platform, demo account, and active trader discount.
We recommend eToro to experienced traders, as it has premium social trading tools and platforms. Forex.com is a good choice for traders of all levels of experience who want to improve their forex knowledge.
Level of experience
Beginner traders prefer Forex.com over eToro. Forex.com has some educational and research data, including Trading Central. It offers training videos, forex education, and a virtual trading account.
eToro is a professional social trading broker with top-tier tools. It offers reliable research tools, including market commentary and social sentiment. eToro provides limited educational materials, which is why we recommend it for advanced traders.
Fees
The minimum initial deposit at eToro is $200, while at Forex.com is $100. The average EUR/USD spread at eToro is 1, while at Forex.com is 1.4. Both online brokers offer an active trader discount.
Assets
Forex.com has 91 forex currency pairs, while eToro has 47 available pairs. Forex.com provides access to 4500 CFDs, while eToro has 2314 available CFDs.
Trading platform
eToro has the gold-standard social trading platform and mobile app. It offers dedicated social trading educational tools and a demo account. eToro is an excellent choice for advanced traders, as its educational tools and market data are limited.
Forex.com has a dedicated forex trading app, a proprietary web platform, and a desktop platform. It provides MT4 and MT5 with access to 247 trading tools and 803 extensions. These include a virtual account, standard alerts, and some research tools. We recommend it for traders who want access to up-to-date trading information.
Banking services
Banking services support a premium trading experience. eToro has 6 funding options, including bank transfers, credit/debit cards, PayPal, and Skrill. Forex.com offers bank transfers, credit/debit cards, and PayPal.
Final verdict
eToro and Forex.com are leading online brokers. Both have advantages and disadvantages, depending on your skills, experience, and trading style. eToro is a top choice for advanced traders, as it has top-tier social trading tools. We recommend Forex.com to traders of all levels of experience because of its comprehensive offer.
eToro compared to other brokers:
Disclaimer:
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.