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FOREX.com vs eToro 2024

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is FOREX.com better than eToro? In our analysis of 23 international regulators across 62 of the best forex brokers, FOREX.com is considered Highly Trusted, with an overall Trust Score of 99 out of 99. eToro is considered Highly Trusted, with an overall Trust Score of 90 out of 99. Learn more about Trust Score.

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Overall Rating FOREX.com eToro
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 5/5 Stars
Platform & Tools 5/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Trust Score info 99 90
Winner check_circle
Review FOREX.com Review eToro Review
Broker Screenshots FOREX.com eToro
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation FOREX.com eToro
Trust Score info 99 90
Year Founded info 1999 2007
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 3
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) FOREX.com eToro
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) FOREX.com eToro
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments FOREX.com eToro
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 5500 3479
Forex Pairs (Total) info 91 52
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No Yes
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost FOREX.com eToro
Average Spread EUR/USD - Standard info 1.4 info 1 info
All-in Cost EUR/USD - Active info 0.83 info N/A
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes Yes
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding FOREX.com eToro
Minimum Deposit info $100 $10-$10,000
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes Yes
Trading Platforms FOREX.com eToro
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools FOREX.com eToro
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 20 6
Charting - Indicators / Studies (Total) info 88 104
Charting - Drawing Tools (Total) info 239 161
Charting - Trade From Chart info Yes No
Charts can be saved info Yes Yes
Mobile Trading FOREX.com eToro
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 88 104
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes No
Research FOREX.com eToro
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central (Recognia) info Yes Yes
TipRanks info No Yes
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education FOREX.com eToro
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs FOREX.com eToro
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review FOREX.com Review eToro Review
Overall FOREX.com eToro
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 5/5 Stars
Platform & Tools 5/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Trust Score info 99 90
Winner check_circle
Review FOREX.com Review eToro Review
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FOREX.com vs eToro Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare FOREX.com vs eToro.

Can I trust FOREX.com?

FOREX.com is publicly traded, does not operate a bank, and is authorised by seven Tier-1 regulators (Highly Trusted), one Tier-2 regulators (Trusted), zero tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). FOREX.com is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), Canadian Investment Regulatory Organization (CIRO), Japanese Financial Services Authority (JFSA), Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system.

Can I trust eToro?

eToro is not publicly traded and does not operate a bank. eToro is authorised by three Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). eToro is authorised by the following Tier-1 regulators: Australian Securities & Exchange Commission (ASIC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.

Is FOREX.com good?

FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.

Is eToro good?

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.

What is the minimum deposit requirement for opening an account with FOREX.com?

To open a trading account with FOREX.com, you'll need to make an initial minimum deposit of $100.

What is the minimum deposit requirement for opening an account with eToro?

eToro requires a minimum deposit of $10-$10,000 before you can open an account and start trading.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. FOREX.com offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and PayPal (Deposit/Withdraw) for banking, whereas eToro provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Does FOREX.com or eToro offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that FOREX.com offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is FOREX.com or eToro safer for forex and CFDs trading?

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that FOREX.com holds 7 global Tier-1 licenses, while eToro holds 3. FOREX.com holds 1 global Tier-2 licenses, while eToro holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that FOREX.com (99) earned a higher Trust Score than eToro (90).

Which trading platform is better: FOREX.com or eToro?

To compare the trading platforms of both FOREX.com and eToro, 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.

Here’s what trading platforms are available at FOREX.com:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - Yes
  • ZuluTrade - No
  • TradingView - Yes

Here’s what trading platforms are available at eToro:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - No
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. FOREX.com offers MetaTrader 4 (MT4), while eToro does not. Forex traders also appreciate the ability to engage in social copy trading. While eToro offers copy trading, FOREX.com does not.

What can I trade with each broker?

FOREX.com provides traders 91 currency pairs (e.g., EUR/USD) compared to eToro's 52 available pairs. If you are interested in trading a full range of securities, FOREX.com offers traders access to 5500 tradeable symbols, while eToro offers access to 3479 tradeable symbols; so FOREX.com offers 2021 more tradeable symbols than eToro.

We found in our testing that FOREX.com offers a more diverse selection of investment options than eToro, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD) and Cryptocurrency (Derivative). Neither have Spread Betting.

Overall winner: FOREX.com

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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