Written by ForexBrokers.com
In this head to head comparison of eToro vs FXGT.com, 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, established in 2007, stands out as a leading online broker with a high Trust Score of 96 from ForexBrokers.com, which rates brokers between 90 and 99 as highly trusted. This esteem stems largely from eToro's three Tier-1 licenses and a Tier-2 license, marking their commitment to regulatory compliance. Being a publicly traded entity, eToro further establishes its transparency and accountability in the financial market.
In contrast, FXGT.com, which began its operations in 2019, holds one Tier-1 license and one Tier-2 license, resulting in a Trust Score of 69, indicating a high-risk classification. Unlike eToro, FXGT.com is not publicly traded, which might influence its perception of transparency within the trading community. Both brokers are not banks but differ significantly in their regulatory standings and market presence.
| Feature |
eToro
|
FXGT.com
|
|---|---|---|
| Year Founded | 2007 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of eToro and FXGT.com, there's a noticeable distinction in their offerings and customer appeal. eToro, renowned as a market-maker broker, offers a variable spread typically around 1 pip on the EUR/USD currency pair. This spread is slightly above the industry average, meaning eToro isn't typically chosen by retail traders for its competitive spreads. Instead, traders are drawn to its exceptional social copy trading platform. Additionally, eToro provides a VIP club with five membership tiers ranging from Silver to Diamond, catering to clients maintaining balances from $5,000 to $250,000. These tiers unlock numerous benefits such as Trading Central access, reduced withdrawal and deposit fees, and personalized account management.
FXGT.com, on the other hand, does not provide average spread data, which could pose a challenge for traders looking to weigh their cost efficiency. Without transparency in average spreads, it's harder for traders to gauge FXGT.com's competitiveness in terms of fees compared to other brokers.
In terms of ratings, eToro receives an impressive 4.5 stars out of five for its commissions and fees, a reflection of its additional benefits beyond cost efficiency. It ranks 22nd out of 63 brokers on ForexBrokers.com for this category. By contrast, FXGT.com garners a 3.5-star rating and ranks 56th out of 63 brokers, suggesting a less competitive standing regarding commissions and fees.
| Feature |
eToro
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $5 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro and FXGT.com both provide opportunities for forex trading through Contracts for Difference (CFDs) or spot contracts, catering to those interested in currency trading. eToro offers an impressive selection of 5,461 tradeable symbols, which includes a diverse range of investment options such as real stocks from both U.S. and international exchanges. This gives investors the chance to own shares in renowned companies like Apple and Vodafone. Additionally, eToro allows users to invest in actual cryptocurrencies and even engage in copy trading, enhancing the user experience with a variety of investment avenues.
On the other hand, FXGT.com presents 117 tradeable symbols and focuses primarily on forex and cryptocurrency derivatives, rather than offering actual stocks or a wide range of assets. While FXGT.com supports copy trading, it lacks the ability to offer clients direct purchases of real cryptocurrencies or U.S. and international exchange-traded securities. This narrower range results in a 3-star rating for FXGT.com compared to eToro's 5-star rating in the Range of Investments category. When ranked among 63 brokers by ForexBrokers.com, eToro excels at #10, whereas FXGT.com lags behind at #61, reflecting its limited investment choices.
| Feature |
eToro
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 117 |
| Forex Pairs (Total) | 55 | 53 |
| 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). | 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 FXGT.com on trading platforms and tools, both offer traders the advantage of a demo account for practice. eToro boasts a unique proprietary platform, allowing users to experience a distinct in-house trading environment. However, it lacks a Windows-based desktop platform, unlike FXGT.com which fully supports those using the popular MetaTrader 4 and 5 platforms, appealing to traders who prefer these industry standards. While both brokers provide web-based trading options, eToro particularly shines in the realm of social trading with features like copy trading, attracting traders interested in following experienced peers.
eToro offers an impressive 161 charting tools for those deeply invested in market analysis, while FXGT.com presents a more limited selection with 23 tools. Another key difference is FXGT.com’s capability that allows traders to execute trades directly from stock charts, a feature not found with eToro. The visual elements of trading lists show eToro providing a slightly richer experience with six columns in watch lists compared to FXGT.com's five. In ratings, eToro scores a 4.5 out of five, ranking 8th among 63 brokers on ForexBrokers.com for trading platforms and tools, showcasing its stronger position compared to FXGT.com's score of four stars and 56th place ranking.
| Feature |
eToro
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 104 | 37 |
| Charting - Drawing Tools (Total) | 161 | 23 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of eToro and FXGT.com, both platforms provide apps for iPhone and Android, ensuring accessibility for users. They both offer essential features like stock or forex price alerts and the syncing of watchlist symbols across devices, allowing for seamless portfolio management. Although both apps enable viewing different time frames on charts, eToro stands out with a remarkable 104 technical studies available for charting, compared to FXGT.com's 30. However, FXGT.com gains an edge by allowing users to draw trendlines and auto-saving chart drawings, whereas eToro does not provide these functionalities.
In terms of performance and reviews, eToro shines with a mobile app rating of 4.5 stars, compared to FXGT.com's rating of 3.5 stars. This difference is further reflected in rankings by ForexBrokers.com, where eToro holds a strong position at #10 out of 63 brokers, while FXGT.com is further down the list at #58. Despite both apps offering the ability to create a watchlist with real-time quotes, eToro’s broader array of technical studies and higher user satisfaction ratings make it a more appealing choice for traders focused on mobile app performance and analytics.
| Feature |
eToro
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing eToro and FXGT.com in terms of market research offerings, eToro stands out in several areas. eToro provides daily market commentary, boosting its appeal for traders who value consistent insights. While both platforms lack forex news from top-tier sources like Bloomberg or Reuters, eToro offers tools from Trading Central that FXGT.com does not, including technical analytics. Additionally, eToro incorporates sentiment-based trading tools and offers market research through TipRanks, further enriching its research suite. An economic calendar is available on both platforms, ensuring traders can stay informed on global news events.
Overall, eToro's extensive market research features earn it a 4.5-star rating in the Research category from ForexBrokers.com, ranking it 13th out of 63 brokers. In contrast, FXGT.com receives a lower rating of 3 stars and ranks 56th. This comparison highlights eToro as a more comprehensive choice for traders seeking in-depth market analysis and tools.
| Feature |
eToro
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, eToro stands out compared to FXGT.com. eToro offers a comprehensive range of educational materials, including over ten pieces focused on forex and CFDs, ensuring that beginners have ample resources to learn from. They provide interactive content like articles, videos, and archived webinars. Furthermore, eToro hosts online educational webinars for clients monthly, with a searchable archive for future reference. Beginner traders also benefit from over ten videos specifically designed to cover trading topics, boosting their understanding of the trading world. Unlike FXGT.com, eToro also caters to advanced traders by offering an extensive collection of more than ten advanced educational videos. Both platforms provide an investor dictionary with definitions of at least 50 investing terms, helping traders familiarize themselves with important financial jargon.
On the other hand, FXGT.com falls short in providing a similar level of educational support for beginners. They do not meet the minimum offering of educational content related to forex and CFDs, nor do they provide monthly webinars or a comprehensive video library for beginners or advanced learners. Consequently, eToro's commitment to education is reflected in its superior rating of 4.5 stars compared to FXGT.com's 3 stars, as well as eToro's impressive rank of #5 out of 63 brokers in the Education category by ForexBrokers.com. FXGT.com, in contrast, ranks at #60, indicating a significant gap between the two platforms in educational support for novice traders.
| Feature |
eToro
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. eToro finished with an overall rank of #9, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 69 |
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eToro allows users to buy both actual cryptocurrencies and cryptocurrency derivatives, while FXGT.com exclusively provides options to trade cryptocurrency derivatives without offering the purchase of actual cryptocurrencies.
eToro and FXGT.com both support ACH and SEPA transfers, as well as Visa and Mastercard for depositing and withdrawing funds, but eToro also offers PayPal and Skrill options, which are not available with FXGT.com, while both platforms support bank wires.
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 | FXGT.com | |
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| Trust Score | 96 | 69 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | FXGT.com | |
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| Regulation | eToro | FXGT.com | |
|---|---|---|---|
| Trust Score | 96 | 69 | |
| Year Founded | 2007 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | eToro | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 117 | |
| Forex Pairs (Total) | 55 | 53 | |
| 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). | 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 | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | eToro | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | eToro | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 5 | |
| Charting - Indicators / Studies (Total) | 104 | 37 | |
| Charting - Drawing Tools (Total) | 161 | 23 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 96 | 69 | |
| Winner | check_circle | ||
| Review | eToro Review |
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