After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 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. Both Darwinex and eToro hold a 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. Neither are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. eToro boasts an offering of 47 different currency pairs compared to Darwinex's 40 available pairs.
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. Darwinex boasts an offering of 31 charting tools compared to eToro's 14 available charting tools. eToro offers its clients access to 66 different indicators (for example, volume) while Darwinex has 51 available indicators, a difference of 15.
Overall, eToro comes out on top with 4.00 stars over Darwinex's 3.50 stars. And, when it comes to individual category awards, eToro finished with awards Best in Class - Customer Service in 2018, while Darwinex came up with none of these.