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 CMC Markets 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. CMC Markets's score is 5 stars versus eToro's 3.5 stars.
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. CMC Markets and eToro both are regulated in a major hub. CMC Markets is a publicly traded company, while eToro is not. How many currency pairs are available to trade? CMC Markets offers its clients access to 183 different currency pairs while eToro has 47 available pairs, a difference of 136.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Neither offers Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. eToro trails CMC Markets by 10 total charting tools, with CMC Markets offering 24 and eToro offering 14. CMC Markets offers its clients access to 81 different indicators (for example, volume) while eToro has 67 available indicators, a difference of 14.
Overall, CMC Markets takes the upper hand with 4.5 stars over eToro's 4 stars. And, when it comes to individual category awards, neither CMC Markets nor eToro were rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.