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FOREX.com vs eToro 2020
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.
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Overall Rating
| Feature | FOREX.com | eToro |
| Overall | ||
| FOREX.com Review | eToro Review | |
| 69% of retail CFD accounts lose money | 75% of retail CFD accounts lose money |
Regulation
| Feature | FOREX.com | eToro |
| Trust Score | 93 | 91 |
|
Year Founded |
1999 | 2007 |
|
Publicly Traded (Listed) |
Yes | No |
|
Bank |
No | No |
|
Tier-1 Licenses |
4 | 2 |
|
Tier-2 Licenses |
0 | 1 |
|
Tier-3 Licenses |
1 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | FOREX.com | eToro |
|
ASIC Authorised (Australia) |
No | Yes |
|
IIROC Authorised (Canada) |
Yes | No |
|
SFC Authorised (Hong Kong) |
No | No |
|
FSA Authorised (Japan) |
Yes | No |
|
MAS Authorised (Singapore) |
No | No |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
Yes | No |
Investments
| Feature | FOREX.com | eToro |
|
Forex: Spot Trading |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
Currency Pairs (Total Forex pairs) |
91 | 47 |
|
CFDs - Total Offered |
4500 | 1980 |
|
Cryptocurrency traded as actual |
No | Yes |
|
Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | FOREX.com | eToro |
|
Average Spread EUR/USD - Standard |
1 (as of Q3 19) | 3 (as of May 19) |
|
All-in Cost EUR/USD - Active |
0.7 (as of Q3 18) | N/A |
|
Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | FOREX.com | eToro |
|
Minimum Initial Deposit |
$50.00 | $200 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | Yes |
|
PayPal (Deposit/Withdraw) |
Yes | Yes |
|
Skrill (Deposit/Withdraw) |
No | Yes |
Trading Platforms
| Feature | FOREX.com | eToro |
|
Proprietary Platform |
Yes | Yes |
|
Desktop Platform (Windows) |
Yes | No |
|
Web Platform |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
MetaTrader 4 (MT4) |
Yes | No |
|
MetaTrader 5 (MT5) |
Yes | No |
|
cTrader |
No | No |
Trading Tools
| Feature | FOREX.com | eToro |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
18 | 6 |
|
Charting - Indicators / Studies (Total) |
139 | 66 |
|
Charting - Drawing Tools (Total) |
25 | 13 |
|
Charting - Trade From Chart |
Yes | No |
|
Charting - Drawings Autosave |
Yes | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | FOREX.com | eToro |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Trading - Forex |
Yes | Yes |
|
Trading - CFDs |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | No |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | Yes |
|
Charting - Indicators / Studies |
7 | 5 |
|
Charting - Draw Trend Lines |
Yes | No |
|
Charting - Trend Lines Moveable |
Yes | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | No |
|
Forex Calendar |
Yes | No |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | FOREX.com | eToro |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | No |
|
Weekly Webinars |
Yes | No |
|
AutoChartist |
Yes | No |
|
Trading Central (Recognia) |
Yes | No |
|
Delkos Research |
Yes | No |
|
Social Sentiment - Currency Pairs |
Yes | Yes |
|
Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | FOREX.com | eToro |
|
Has Education - Forex |
Yes | Yes |
|
Has Education - CFDs |
No | No |
|
Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
No | No |
|
Videos - Beginner Trading Videos |
Yes | Yes |
|
Videos - Advanced Trading Videos |
Yes | Yes |
|
Investor Dictionary (Glossary) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | FOREX.com | eToro |
|
GBP/USD |
Yes | Yes |
|
USD/JPY |
Yes | Yes |
|
EUR/USD |
Yes | Yes |
|
USD/CHF |
Yes | Yes |
|
USD/CAD |
Yes | Yes |
|
NZD/USD |
Yes | Yes |
|
AUD/USD |
Yes | Yes |
Overall
| Feature | FOREX.com | eToro |
| FOREX.com Review | eToro Review | |
| Overall | ||
| Winner | check_circle |
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. FOREX.com is a better option with a 4.50 star rating over eToro's 3.50 star rating.
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. eToro alongside FOREX.com are regulated in a major hub. FOREX.com is a publicly traded company while eToro is not. How many currency pairs are available to trade? FOREX.com boasts an offering of 91 different currency pairs compared to eToro's 47 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FOREX.com offers Meta Trader 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 FOREX.com by 12 total charting tools, with FOREX.com offering 25 and eToro offering 13. FOREX.com boasts an offering of 139 different indicators (for example, moving averages) compared to eToro's 66 available indicators.
eToro Review
FOREX.com Review
Trading CFDs, FX, and cryptocurrencies involve 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 01/15/2020 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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