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 eToro vs ETX Capital .
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. ETX Capital 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. eToro and ETX Capital 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 trails ETX Capital by 12 total currency pairs (for example, EUR/USD), with ETX Capital offering 59 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. ETX Capital has Meta Trader, eToro doesn't. 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 ETX Capital by 17 total charting tools, with ETX Capital offering 31 and eToro offering 14. eToro boasts an offering of 66 different indicators (for example, moving averages) compared to ETX Capital 's 51 available indicators.
Overall, both eToro and ETX Capital hold a 4.00 star rating. And, when it comes to individual category awards, eToro was rated Best in Class - Customer Service in 2018, while ETX Capital was rated none of these.