Is eToro better than FOREX.com? In our analysis of 23 international regulators across 50 brokers, eToro is considered low-risk, with an overall Trust Score of 93 out of 99. FOREX.com is considered low-risk, with an overall Trust Score of 93 out of 99. Learn more about Trust Score.
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FOREX.com vs eToro 2021
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 | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 92 |
| FOREX.com Review | eToro Review | |
| 77% of retail CFD accounts lose money | 67% of retail CFD accounts lose money |
Regulation
| Feature | FOREX.com | eToro |
| Trust Score | 99 | 92 |
|
Year Founded |
1999 | 2007 |
|
Publicly Traded (Listed) |
Yes | No |
|
Bank |
No | No |
|
Tier-1 Licenses |
4 | 2 |
|
Tier-2 Licenses |
1 | 1 |
|
Tier-3 Licenses |
1 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| 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 |
Tier-2 Licenses (Average Trust)
| Feature | FOREX.com | eToro |
|
CBRC Authorised (China) |
No | No |
|
CySEC Authorised (Cyprus) |
Yes | Yes |
|
CBI Authorised (Ireland) |
No | No |
|
ISA Authorised (Israel) |
No | No |
|
FMA Authorised (New Zealand) |
No | No |
|
CBR Authorised (Russia) |
No | No |
|
FSCA Authorised (South Africa) |
No | No |
|
SEC Authorised (Thailand) |
No | No |
Tier-3 Licenses (Low Trust)
| Feature | FOREX.com | eToro |
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | No |
| BMA Authorised (Bermuda) | No | No |
|
FSC Authorised (British Virgin Islands) |
No | No |
|
FSC Authorised (Mauritius) |
No | No |
Investments
| Feature | FOREX.com | eToro |
|
Forex Trading |
Yes | Yes |
|
CFD Trading |
Yes | Yes |
|
Tradeable Symbols (Total) |
4500 | 3056 |
|
Forex Pairs (Total) |
91 | 47 |
|
US Stock Trading (Non CFD) |
No | Yes |
|
Int'l Stock Trading (Non CFD) |
No | Yes |
|
Cryptocurrency (Physical) |
No | Yes |
|
Cryptocurrency (CFD) |
Yes | Yes |
|
Social Trading / Copy-Trading |
No | Yes |
Cost
| Feature | FOREX.com | eToro |
|
Average Spread EUR/USD - Standard |
1.4 (UK August 2020) | 1 (August 2021) |
|
All-in Cost EUR/USD - Active |
1.5 (August 2020) | N/A |
|
Active Trader or VIP Discounts |
Yes | Yes |
|
Execution: Agency Broker |
Yes | Yes |
|
Execution: Market Maker |
Yes | Yes |
Funding
| Feature | FOREX.com | eToro |
|
Minimum Deposit |
$100.00 | $50-$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 |
No | Yes |
|
MetaTrader 4 (MT4) |
Yes | No |
|
MetaTrader 5 (MT5) |
Yes | No |
|
cTrader |
No | No |
|
DupliTrade |
No | No |
|
ZuluTrade |
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 |
Mobile Trading
| Feature | FOREX.com | eToro |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | Yes |
|
Charting - Indicators / Studies |
88 | 5 |
|
Charting - Draw Trendlines |
Yes | No |
|
Charting - Trendlines Moveable |
Yes | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | No |
|
Forex Calendar |
Yes | No |
Research
| Feature | FOREX.com | eToro |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | No |
|
Weekly Webinars |
Yes | No |
|
Autochartist |
No | No |
|
Trading Central (Recognia) |
Yes | Yes |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
Yes | Yes |
|
Economic Calendar |
Yes | Yes |
Education
| Feature | FOREX.com | eToro |
|
Has Education - Forex or CFDs |
Yes | Yes |
|
Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
No | Yes |
|
Videos - Beginner Trading Videos |
Yes | Yes |
|
Videos - Advanced Trading Videos |
Yes | Yes |
|
Investor Dictionary (Glossary) |
Yes | Yes |
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 |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 92 |
| FOREX.com Review | eToro Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs FOREX.com.
Does eToro or FOREX.com offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, eToro offers better pricing overall for traders.
Is eToro or FOREX.com safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. FOREX.com holds 4 global Tier-1 licenses, while eToro holds 2. Both eToro and FOREX.com hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, FOREX.com earned a higher Trust Score than eToro.
Which trading platform is better: eToro or FOREX.com?
To compare the trading platforms of both eToro and FOREX.com, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FOREX.com offers a better experience. With research, FOREX.com offers superior market research. Finally, we found FOREX.com to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While eToro offers copy trading, FOREX.com does not. FOREX.com offers MetaTrader 4 (MT4), while eToro does not.
How many forex pairs and CFDs are available to trade?
FOREX.com provides traders 91 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, FOREX.com offers traders access to 4500 CFDs while eToro has 3056 available CFDs, a difference of 1,444.
Can I trust eToro?
eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).
Can I trust FOREX.com?
FOREX.com is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).
Is eToro good?
eToro is a winner for its easy-to-use copy-trading platform where traders can copy the trades of investors across over 2300 instruments, including exchange-traded securities, forex, CFDs, and popular cryptocurrencies.
Is FOREX.com good?
FOREX.com delivers an excellent trading experience for forex and CFDs traders across the globe. With competitive pricing, full-feature trading platforms, comprehensive market research, and a robust mobile app, FOREX.com caters to traders of all experience levels.
Overall winner: FOREX.com
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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 website as of 12/14/2020 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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eToro - 67% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk of losing your money. Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
