After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare Darwinex vs eToro.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Darwinex is a better option with a 4.00 star rating over eToro's 3.50 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Darwinex and eToro both are regulated in a major hub. Darwinex nor eToro are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Darwinex trails eToro by 8 total currency pairs (for example, EUR/USD), with eToro offering 47 and Darwinex offering 39.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Darwinex makes Meta Trader available to clients, while eToro does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. eToro trails Darwinex by 17 total charting tools, with Darwinex offering 31 and eToro offering 14. Darwinex trails eToro by 16 total different indicators (for example, moving averages), with eToro offering 67 and Darwinex offering 51.