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eToro vs FXOpen 2023

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Written by ForexBrokers.com

August 29, 2023

Is eToro better than FXOpen? In our analysis of 23 international regulators across 62 of the best forex brokers, eToro is considered Highly Trusted, with an overall Trust Score of 90 out of 99. FXOpen is considered Trusted, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall Rating eToro FXOpen
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 90 80
Winner check_circle
Review eToro Review
Broker Screenshots eToro FXOpen
Trading Platforms Gallery (click to expand) info
eToro web trading platformzoom_in eToro web platform Pro Charts EUR USD.zoom_in eToro web trading platform CopyPortfoliozoom_in eToro research crypto market reportszoom_in eToro web trading platform CopyPortfolioszoom_in eToro web trading platform CopyPortfolios trade ticketzoom_in eToro web trading platform cryptocurrency watchlistzoom_in eToro web trading platform EUR/USD feedzoom_in eToro web trading platform forex pairszoom_in eToro web trading platform copierszoom_in eToro web platform economic calendar.zoom_in eToro web platform forex news and sentiment.zoom_in eToro web platform popular forex pairs.zoom_in eToro web platform smart portfolios.zoom_in eToro web platform watchlistzoom_in
Mobile Trading Gallery (click to expand) info
eToro mobile app biometric authentication fingerprint login.zoom_in eToro mobile app cryptocurrency watchlist.zoom_in eToro mobile app trade ticket order window.zoom_in eToro mobile app settings.zoom_in eToro mobile app portfolio overview.zoom_in eToro mobile app watchlist.zoom_in eToro mobile app eurusd ProCharts Trading View.zoom_in eToro mobile app smart portfolios.zoom_in eToro mobile app popular investors.zoom_in eToro mobile trading appzoom_in eToro mobile trading app market feed newszoom_in
Research Gallery (click to expand) info
eToro digest and invest podcast.zoom_in eToro YouTube video shorts.zoom_in eToro YouTube video market research fundamental analysis quarterly outlook Q2 2023.zoom_in eToro digest and invest YouTube series video the dark side of AI interview.zoom_in eToro Plus market research articles.zoom_in eToro Plus market research article detail.zoom_in eToro web trading platform forex pairs and sentimentzoom_in eToro blog news and analysis research articleszoom_in eToro blog news and analysiszoom_in
Education Gallery (click to expand) info
eToro educational courses videozoom_in eToro YouTube channelzoom_in eToro YouTube channelzoom_in eToro academy courses beginners.zoom_in
Regulation eToro FXOpen
Trust Score info 90 80
Year Founded info 2007 2003
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-1 Licenses info 3 3
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) eToro FXOpen
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses (Trusted) eToro FXOpen
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 No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments eToro FXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3479 87
Forex Pairs (Total) info 52 25
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info Yes No
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).
Cost eToro FXOpen
Average Spread EUR/USD - Standard info 1 info N/A info
All-in Cost EUR/USD - Active info N/A N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes Yes
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding eToro FXOpen
Minimum Deposit info $10-$10,000 $100
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms eToro FXOpen
Proprietary Platform info Yes No
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No Yes
Trading Tools eToro FXOpen
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 6 7
Charting - Indicators / Studies (Total) info 104 30
Charting - Drawing Tools (Total) info 161 15
Charting - Trade From Chart info No Yes
Charts can be saved info Yes Yes
Mobile Trading eToro FXOpen
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 No
Mobile Charting - Indicators / Studies info 104 30
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No No
Forex Calendar info No Yes
Research eToro FXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education eToro FXOpen
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs eToro FXOpen
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 eToro Review
Overall eToro FXOpen
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 90 80
Winner check_circle
Review eToro Review
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eToro vs FXOpen Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs FXOpen.

Does eToro or FXOpen 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 FXOpen safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both eToro and FXOpen hold 3 global Tier-1 licenses. Both eToro and FXOpen hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, eToro (90) earned a higher Trust Score than FXOpen (80).

Which trading platform is better: eToro or FXOpen?

To compare the trading platforms of both eToro and FXOpen, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, eToro offers superior market research. Finally, we found eToro 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. Neither broker offers Meta Trader.eToro and FXOpen both offer copy trading.

How many forex pairs and CFDs are available to trade?

eToro provides traders 52 currency pairs (e.g., EUR/USD) compared to FXOpen's 25 available pairs. Forex pairs aside, eToro offers traders access to 3479 CFDs while FXOpen has 87 available CFDs, a difference of 3392.

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 the European Union via MiFID.

Can I trust FXOpen?

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

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.

Is FXOpen good?

FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.

Overall winner: eToro

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announcementPlease note:

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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