Is eToro better than FOREX.com? After testing 30 of the best forex brokers over five months, FOREX.com is better than eToro. 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.
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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 | |
| 72% 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 |
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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 |
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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 |
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FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
Yes | No |
Investments
| Feature | FOREX.com | eToro |
|
Forex: Spot Trading |
Yes | Yes |
|
Social Trading / Copy-Trading |
No | 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) |
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All-in Cost EUR/USD - Active |
0.7 (as of Q3 18) | N/A |
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Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | FOREX.com | eToro |
|
Minimum Initial Deposit |
$100.00 | $200 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | Yes |
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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 |
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 |
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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 |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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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 |
Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 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, FOREX.com 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. eToro holds 1 global Tier-2 licenses, while FOREX.com holds 0. All regulators considered, FOREX.com has a Trust Score of 93.00, while eToro's Trust Score is 91.00.
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, eToro 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 1980 available CFDs, a difference of 2,520.
Overall, between eToro and FOREX.com, FOREX.com is the better forex broker.
eToro ReviewFOREX.com Review
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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 web site as of 01/20/2020 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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