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 FOREX.com (GAIN 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. FOREX.com (GAIN Capital)'s score is 4.50 stars versus eToro's 3.50 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. eToro alongside FOREX.com (GAIN Capital) are regulated in a major hub. FOREX.com (GAIN Capital) is a publicly traded company while eToro is not. As far as how many currency pairs are available for trading, here's the answer. eToro trails FOREX.com (GAIN Capital) by 37 total currency pairs (for example, EUR/USD), with FOREX.com (GAIN Capital) offering 84 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. FOREX.com (GAIN Capital) offers Meta Trader 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. eToro trails FOREX.com (GAIN Capital) by 8 total charting tools, with FOREX.com (GAIN Capital) offering 22 and eToro offering 14. FOREX.com (GAIN Capital) offers its clients access to 139 different indicators (for example, volume) while eToro has 66 available indicators, a difference of 73.
Overall, FOREX.com (GAIN Capital) boasts 4.50 stars versus eToro's 4.00 stars. And, when it comes to individual category awards, FOREX.com (GAIN Capital) finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Investor Education in 2018, while eToro came up with Best in Class - Customer Service.