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 easyMarkets 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. eToro received a rating of 3.50 stars over easyMarkets's 3.00 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. easyMarkets and eToro both are regulated in a major hub. Neither are publicly traded companies. How many currency pairs are available to trade? easyMarkets offers its clients access to 97 different currency pairs while eToro has 47 available pairs, a difference of 50.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. easyMarkets 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 easyMarkets by 17 total charting tools, with easyMarkets offering 31 and eToro offering 14. easyMarkets trails eToro by 15 total different indicators (for example, moving averages), with eToro offering 66 and easyMarkets offering 51.
Overall, both easyMarkets and eToro hold a 4.00 star rating. And, when it comes to individual category awards, eToro finished with awards Best in Class - Customer Service in 2018, while easyMarkets came up with none of these.