Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare AxiTrader vs eToro.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Both AxiTrader and eToro hold a 3.50 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Both AxiTrader and eToro are regulated in a major hub. Neither AxiTrader and eToro are publicly traded companies. How many currency pairs are available to trade? AxiTrader offers its clients access to 53 different currency pairs while eToro has 47 available pairs, a difference of 6.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. AxiTrader makes Meta Trader available to clients, while eToro does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. eToro trails AxiTrader by 17 total charting tools, with AxiTrader offering 31 and eToro offering 14. eToro boasts an offering of 66 different indicators (for example, moving averages) compared to AxiTrader's 51 available indicators.
Overall, eToro boasts 4.00 stars versus AxiTrader's 3.50 stars. And, when it comes to individual category awards, eToro was rated Best in Class - Customer Service in 2018, while AxiTrader was rated none of these.