Written by ForexBrokers.com
In this head to head comparison of eToro vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
eToro and FXOpen are two prominent online brokers with distinct regulatory profiles. Founded in 2007, eToro stands out with a high ForexBrokers.com Trust Score of 96, signaling it as a highly trusted platform. This trust is bolstered by eToro's possession of three Tier-1 licenses from top regulators, indicating strong oversight. Being publicly traded adds an extra layer of transparency, setting it apart from many of its peers. Although not a bank, eToro also holds one Tier-2 license, supporting its position as a reliable choice for investors.
FXOpen, established in 2003, carries a ForexBrokers.com Trust Score of 76, placing it in the average risk category. Unlike eToro, FXOpen is not publicly traded, which may be a consideration for those seeking added transparency. FXOpen holds two Tier-1 licenses, which is commendable, but lacks Tier-2 licensing. While it is not a bank, its regulatory standing is supported by the high-quality licenses it does maintain, offering a moderate level of trust for traders.
| Feature |
eToro
|
FXOpen
|
|---|---|---|
| Year Founded | 2007 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of eToro and FXOpen, both brokers offer distinct features that cater to different types of traders. eToro is notable for its social copy trading platform, standing out as a market-maker broker with a typical variable spread of 1 pip on the EUR/USD. While this spread is slightly above the industry average, the real appeal lies in its unique community-driven trading experience. For traders willing to invest more, eToro's VIP club offers exclusive benefits, such as access to Trading Central, reduced transaction fees, and dedicated account managers. eToro earns a commendable rating of 4.5 stars for its commissions and fees, securing the #22 spot out of 63 brokers in this category according to ForexBrokers.com.
On the other hand, FXOpen does not provide average spread data, making a direct spread comparison challenging. Despite this, FXOpen maintains competitiveness in its fee structure, earning a respectable 4-star rating. Ranked #44 out of 63 brokers for commissions and fees by ForexBrokers.com, FXOpen may appeal to traders looking for a straightforward fee setup without the additional features offered by eToro's VIP tiers.
Ultimately, the choice between eToro and FXOpen for commissions and fees comes down to the individual trader's priorities. eToro offers enhanced community features and a graded VIP system for its users, while FXOpen might suit those who prefer simplicity and are less concerned about auxiliary trading benefits.
| Feature |
eToro
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing eToro and FXOpen in terms of investment options, eToro clearly stands out with an extensive selection. eToro offers an impressive 5,461 tradeable symbols, including 55 forex pairs, making it a versatile platform for investors seeking a diverse array of options. Unlike FXOpen, which provides 87 tradeable symbols and 25 forex pairs, eToro allows users to engage in trading U.S. and international exchange-traded securities, such as Apple and Vodafone shares. Both platforms facilitate forex trading via CFDs or spot contracts and offer copy trading features. However, eToro also lets investors purchase actual cryptocurrencies, while FXOpen confines users to cryptocurrency derivatives.
eToro's broader investment range has earned it a 5-star rating and a commendable rank of #10 out of 63 brokers in the Range of Investments category by ForexBrokers.com. On the other hand, FXOpen, with its more limited offerings, holds a 3-star rating and a rank of #62. Investors prioritizing a wide spectrum of investment choices, including direct access to a variety of securities and actual cryptocurrencies, will likely find eToro to be a more attractive option.
| Feature |
eToro
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 87 |
| Forex Pairs (Total) | 55 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing eToro and FXOpen in terms of trading platforms and tools, several distinctions emerge that cater to different trading preferences. eToro offers a proprietary platform that is accessible via the web, making it a unique choice for those who appreciate tailored solutions. FXOpen, on the other hand, leans on established platforms like MetaTrader 4 and 5, favored by traders who value comprehensive analytical tools. Both brokers provide web-based platforms, although eToro shines with a highly rated, intuitive social trading feature known as copy trading. eToro is also distinguished by its extensive 161 drawing tools for charting, surpassing FXOpen’s 15, which may appeal to traders who prioritize in-depth chart analysis.
Both eToro and FXOpen support virtual demo accounts, enabling traders to hone their skills with simulated trading. Traders using FXOpen might appreciate its Windows-based desktop trading platform and the ability to trade directly from a stock chart, features not offered by eToro. However, in terms of industry ratings, eToro leads with a higher score of 4.5 stars in the Trading Platforms and Tools category, ranking 8th among 63 brokers reviewed by ForexBrokers.com. In comparison, FXOpen is rated 4 stars, holding the 53rd spot. This suggests that while both brokers offer competitive trading environments, eToro is generally seen as a more esteemed choice for traders seeking sophisticated tools and user-friendly technology.
| Feature |
eToro
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and FXOpen both offer mobile trading apps compatible with iPhone and Android devices, making it easy for users to trade on the go. Both apps allow users to receive stock and forex price alerts, keeping traders informed of market movements. However, when it comes to syncing capabilities, eToro takes the lead by allowing watchlists in its mobile app to sync seamlessly with a client's online account, simplifying the user experience. On the other hand, FXOpen app users may find themselves manually updating watchlists across different platforms.
Charting features also distinguish these two brokers. eToro provides a substantial 104 technical studies available within its app, offering traders a deeper array of analytical tools compared to FXOpen's 30 studies. Although eToro lacks the ability to draw trendlines on charts in its app, FXOpen includes this functionality, which can be a key feature for some traders. Both apps support viewing charts in multiple timeframes, and importantly, neither app auto-saves chart drawings. Despite its limitations, eToro excels with a higher mobile app rating of 4.5 stars compared to FXOpen's 4 stars, and it ranks #10 in the Mobile Trading Apps category according to ForexBrokers.com, whereas FXOpen sits at #54.
| Feature |
eToro
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
eToro and FXOpen both provide daily market commentary and include an economic calendar that displays global news events, ensuring traders stay informed about market dynamics. However, when it comes to sourcing high-quality forex news from top-tier agencies like Bloomberg and Reuters, FXOpen holds the advantage, as it provides such offerings, while eToro does not. Meanwhile, eToro surpasses FXOpen by integrating advanced research tools, such as those from Trading Central and sentiment-based trading tools that reveal long or short position ratios across currency pairs, making it a preferred choice for traders focusing on technical insights.
Although neither eToro nor FXOpen offers tools from Autochartist or Acuity Trading, eToro distinguishes itself with its market research from TipRanks. This broader array of resources contributes to its higher rating of 4.5 stars for Research, significantly outpacing FXOpen's 3-star rating. Moreover, ForexBrokers.com ranks eToro noticeably higher, placing it 13th among 63 brokers, compared to FXOpen's 63rd position, highlighting eToro's robust research capabilities and comprehensive tool offerings.
| Feature |
eToro
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing eToro and FXOpen for educational resources geared towards beginners, eToro stands out significantly. eToro offers over 10 educational pieces focusing on forex and CFDs, providing a rich variety of articles, videos, and archived webinars. In addition, eToro hosts monthly webinars and maintains a searchable archive of past sessions for easy access. They also feature more than 10 educational videos specifically designed for beginners and experienced traders alike, catering to a broad range of learning needs. An investor dictionary with over 50 terms further enhances the learning experience for new traders on eToro's platform. By contrast, FXOpen falls short in these areas, not meeting the minimum of 10 educational pieces or offering monthly webinars or a comprehensive video series for beginners.
Both platforms share the offering of an investor dictionary with plenty of investing terms, which is a helpful tool for traders new to the financial world. However, when it comes to overall educational resources, eToro is rated more favorably with a 4.5-star rating for education compared to FXOpen's 3-star rating. Signifying their dedication to quality education, eToro ranks impressively at number 5 out of 63 brokers assessed by ForexBrokers.com for education provision, whereas FXOpen is positioned much lower at 58. For beginners seeking comprehensive learning materials and tools, eToro presents a more robust educational ecosystem than FXOpen.
| Feature |
eToro
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than FXOpen. eToro finished with an overall rank of #9, while FXOpen finished with an overall rank of #54.
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.
| Feature |
eToro
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 76 |
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While both eToro and FXOpen provide options for purchasing cryptocurrency derivatives, only eToro offers the ability to buy actual, delivered cryptocurrency, setting it apart from FXOpen's exclusively derivative-based offerings.
In comparing eToro and FXOpen as online brokers, eToro offers more flexible options for account funding and withdrawals, including ACH, SEPA transfers, and PayPal, while both platforms support Skrill, Visa, Mastercard, and bank wires, with FXOpen lacking ACH, SEPA, and PayPal options.
Please 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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0 of 5| Overall Rating | eToro | FXOpen | |
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| Trust Score | 96 | 76 | |
| Winner | check_circle | ||
| Review | eToro Review |
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| Regulation | eToro | FXOpen | |
|---|---|---|---|
| Trust Score | 96 | 76 | |
| Year Founded | 2007 | 2003 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 87 | |
| Forex Pairs (Total) | 55 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | eToro | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | FXOpen | |
|---|---|---|---|
| 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 | |
| Review | eToro Review |
| Overall | eToro | FXOpen | |
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| Trust Score | 96 | 76 | |
| Winner | check_circle | ||
| Review | eToro Review |
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