Is eToro better than FOREX.com? After testing 27 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.
FOREX.com vs eToro 2021
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Overall Rating
Feature | FOREX.com | eToro |
Overall | ||
Commissions & Fees | ||
Offering of Investments | ||
Platforms & Tools | ||
Mobile Trading | ||
Research | ||
Education | ||
Trust Score | 93 | 93 |
FOREX.com Review | eToro Review | |
Winner | check_circle | |
79% of retail CFD accounts lose money | 67% of retail CFD accounts lose money |
Regulation
Feature | FOREX.com | eToro |
Trust Score | 93 | 93 |
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 | 1 |
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 |
Investments
Feature | FOREX.com | eToro |
Forex Trading |
Yes | Yes |
CFDs (Total) |
4500 | 2314 |
Forex Pairs (Total) |
91 | 47 |
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 2020) |
All-in Cost EUR/USD - Active |
1.5 (August 2020) | N/A |
Active Trader or VIP Discounts |
Yes | Yes |
Funding
Feature | FOREX.com | eToro |
Minimum Initial Deposit |
$100.00 | $500 |
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 | No |
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 | No |
Delkos Research |
No | No |
Social Sentiment - Currency Pairs |
Yes | Yes |
Economic Calendar |
Yes | Yes |
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 |
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 | 93 | 93 |
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. eToro holds 1 global Tier-2 licenses, while FOREX.com holds 0. All regulators considered, both eToro and FOREX.com have a Trust Score of 93.00.
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, 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 2314 available CFDs, a difference of 2,186.
Overall winner: FOREX.com
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