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easyMarkets vs eToro Review

Steven Hatzakis

Published by Steven Hatzakis


Wednesday, August 15th, 2018

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 easyMarkets 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. eToro's score is 3.50 stars versus easyMarkets's 3.00 stars.

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. Both easyMarkets and eToro are regulated in a major hub. easyMarkets nor eToro are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. eToro trails easyMarkets by 50 total currency pairs (for example, EUR/USD), with easyMarkets offering 97 and eToro offering 47.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. easyMarkets 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. easyMarkets boasts an offering of 31 charting tools compared to eToro's 14 available charting tools. 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 posted awards Best in Class - Customer Service in 2018, while easyMarkets found itself with none of these.
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Overall
Offering of Investments
Commissions & Fees
Platform & Tools
Customer Service
Research
Mobile Trading
Education
Trust Score
Year Founded
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Registered (USA)
FCA Regulated (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Advantage
All-in Cost EUR/USD - Active
Average Spread EUR/USD - Standard
Active Trader or Premium/VIP
Advantage
Proprietary
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader4 (MT4)
MetaTrader5 (MT5)
cTrader
Currenex
ZuluTrade
MirrorTrader
Advantage
Virtual Trading (Demo)
Watchlists - Total Fields
Alerts - Basic Fields
Charting - Trade From Chart
Charts can be saved
Charting - Drawing Tools (Total)
Charting - Indicators / Studies (Total)
Charting - Drawings Autosave
Order Type - Trailing Stop
Advantage
Android App
Apple iOS App
Forex News
Alerts - Basic Fields
Alerts Delivery - Push Notifications
Watch List
Watch List Syncing
Charting - Technical Studies/Indicators
Charting - Draw Trend Lines
Advantage
Daily Market Commentary
Forex News (Top-Tier Sources)
AutoChartist
Trading Central (Recognia)
Delkos Research
Acuity Trading
Social Trading / Copy-Trading
Social Sentiment - Currency Pairs
Client Webinars
Client Webinars (Archived)
Videos - Beginner Trading Videos
Economic Calendar
Calendar Includes Forecasts
Economic News Sentiment
Trade Ideas - Backtesting
Advantage
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
USDMXN (or MXNUSD)
USDNOK (or NOKUSD)
USDSEK (or SEKUSD)
USDTRY (or TRYUSD)
USDZAR (or ZARUSD)
USDDKK (or DKKUSD)
USDBRL (or BRLUSD)
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Overall
Advantage
easyMarkets
easyMarkets Review
 
4
3.5
3
4
4.5
3.5
3.5
3
 
74
2001
No
Yes
Yes
No
No
No
Yes
No
No
No
No
Yes
No
 
Yes
97
78
No
Yes
 
1.8
1.8
Yes
 
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
 
Yes
7
Yes
Yes
Yes
31
51
Yes
Yes
 
Yes
Yes
Yes
Yes
No
Yes
Yes
30
Yes
 
Yes
Yes
No
Yes
No
No
Yes
Yes
Yes
No
No
Yes
Yes
No
Yes
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Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
No
No
 
$100.00
No
Yes
No
Yes
Yes
 
4
eToro
eToro Review
 
4
4.5
3.5
4
3
2.5
4
3.5
 
86
2007
No
Yes
Yes
Yes
Yes
No
No
No
No
No
No
Yes
No
 
Yes
47
1096
Yes
Yes
check_circle
 
N/A
3
Yes
check_circle
 
Yes
No
Yes
Yes
No
No
No
No
No
No
check_circle
 
Yes
6
No
No
Yes
14
66
Yes
Yes
check_circle
 
Yes
Yes
No
No
No
Yes
Yes
5
No
check_circle
 
No
No
No
No
No
No
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
No
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
No
No
 
$200
Yes
Yes
Yes
Yes
No
 
4
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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All data was obtained from a published web site as of 4/03/2018 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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