Home Brokers comparison eToro vs. Forex.com

eToro vs. Forex.com

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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. 

Broker NameeToroForex.com
Year Founded20072001
RegulationFCA, ASIC, CySECCIMA, CFTC, IIROC, FSA, FCA & NFA 
Tradable AssetsStock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured ProductsCryptocurrency, stocks, CFD, futures & forex 
Min Deposit$200$100
Min Trade$0$1
PlatformsWeb, Social TradingDesktop, Mobile
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

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:  

  1. eToro is the leading social trading broker with access to major forex pairs and excellent social trading tools. 
  1. Forex.com has a reliable forex trading app with educational data on forex. 
  1. 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. 

Overall Rating

FeatureeToro Forex.com
Overall44.5
Commissions & Fees43.5
Offering of Investments4.55
Platforms & Tools44.5
Mobile Trading44.5
Research44
Education44
Trust Score9393
WinnerYES
67% of retail CFD accounts lose money79% of retail CFD accounts lose money

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. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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