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eToro vs Darwinex 2019

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Is Darwinex better than eToro? After assessing forex brokers on nearly 100 different variables, eToro is better than Darwinex.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature eToro Darwinex
Overall 4 3.5
eToro Review Darwinex Review
66% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature eToro Darwinex
Trust Score 88 79
Year Founded
2007 2012
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 1
Tier-2 Licenses
1 0
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature eToro Darwinex
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Tier-2 Licenses

Feature eToro Darwinex
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSB Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses

Feature eToro Darwinex
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
Offshore Authorised
No No

Investments

Feature eToro Darwinex
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
47 39
CFDs - Total Offered
1449 51
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 3
Winner check_circle

Cost

Feature eToro Darwinex
Average Spread EUR/USD - Standard
3 (as of May 19) N/A
All-in Cost EUR/USD - Active
N/A N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 3.5 4
Winner check_circle

Funding

Feature eToro Darwinex
Minimum Initial Deposit
$200 $500
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
Yes No
UnionPay (Deposit/Withdraw)
No Yes

Trading Platforms

Feature eToro Darwinex
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
No Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
No Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No

Trading Tools

Feature eToro Darwinex
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
6 7
Charting - Indicators / Studies (Total)
67 51
Charting - Drawing Tools (Total)
14 31
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 3.5
Winner check_circle

Mobile Trading

Feature eToro Darwinex
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
No Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
5 30
Charting - Draw Trend Lines
No Yes
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 4 3
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Research

Feature eToro Darwinex
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
No No
Weekly Webinars
No Yes
AutoChartist
No No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Trading / Copy-Trading
Yes Yes
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 3 3
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Education

Feature eToro Darwinex
Has Education - Forex
Yes Yes
Has Education - CFDs
No Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes No
Tutorials/Guide (PDF or Interactive)
No No
Education 4 3
Winner check_circle

Major Forex Pairs

Feature eToro Darwinex
GBPUSD (or USDGBP)
Yes Yes
USDJPY (or JPYUSD)
Yes Yes
EURUSD (or USDEUR)
Yes Yes
USDCHF (or CHFUSD)
Yes Yes
USDCAD (or CADUSD)
Yes Yes
NZDUSD (or USDNZD)
Yes Yes
AUDUSD (or USDAUD)
Yes Yes
USDCNH (or CNHUSD)
Yes No
USDSGD (or SGDUSD)
Yes Yes

Overall

Feature eToro Darwinex
eToro Review Darwinex Review
Overall 4 3.5
Winner check_circle
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.

Darwinex Review
eToro Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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