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, boasts a strong reputation in the online brokerage realm. With a ForexBrokers.com Trust Score of 93, eToro stands as a highly trusted platform. It holds three Tier-1 licenses, which are considered among the most reliable, and one Tier-2 license marking the broker's credibility. Despite not being publicly traded, eToro remains a popular choice for trading, supported by a high level of trust in the industry, though it is not a bank.
In comparison, FXGT.com launched its services in 2019 and is still expanding its foothold. Holding a Trust Score of 69, it falls into the high-risk category. FXGT.com is licensed with one Tier-1 and one Tier-2 license, indicating a lesser degree of regulatory trust when compared to eToro. Like eToro, FXGT.com is neither publicly traded nor a bank, marking differences primarily in their trust ratings and licensing profiles.
| Feature |
eToro
|
FXGT.com
|
|---|---|---|
| Year Founded | 2007 | 2019 |
| Publicly Traded (Listed) | No | 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 it comes to online trading platforms, understanding the differences in commissions and fees can help traders make informed decisions. eToro, a market-maker broker, is known for its social copy trading platform rather than its spreads, offering a typical variable spread of 1 pip on the EUR/USD, which is slightly above the industry average. The platform provides a unique VIP club with five membership tiers—ranging from Silver to Diamond—catering to traders with balances from $5,000 to $250,000. VIP members can enjoy benefits like access to Trading Central, reduced withdrawal and deposit fees, and a dedicated account manager.
In contrast, FXGT.com does not provide specific data on average spreads, making it challenging to compare their fees and commissions precisely against industry standards. Despite that, the platform maintains functionality for traders seeking basic trading services without the bells and whistles of a club membership.
eToro excels with a commission and fees star rating of 4.5 out of 5, ranking #22 out of 62 brokers in this category, reflecting its above-average offering. On the other hand, FXGT.com achieves a 3.5-star rating and is positioned at #55 out of the same 62 brokers, indicating a more modest approach to commissions and fees based on available information.
| 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.
For investors exploring online trading platforms, eToro and FXGT.com provide different experiences when it comes to their range of investment options. eToro shines with a substantial 5,461 tradeable symbols, placing it among the top choices for variety. This expansive list includes not only forex trading with 55 currency pairs but also U.S. and international exchange-traded securities, enabling clients to directly purchase stocks like Apple or Vodafone. The platform also supports copy trading and allows users to buy actual cryptocurrencies, making it a versatile choice for diverse trading interests. This broad spectrum of offerings has earned eToro a commendable 5-star rating and a top ranking of 10th out of 62 brokers in the Range of Investments category by ForexBrokers.com.
On the other hand, FXGT.com offers a more limited array of options with 117 tradeable symbols and 53 forex pairs. While it does provide forex trading through CFDs, it does not support the purchase of exchange-traded securities on either U.S. or international exchanges. However, FXGT.com does offer copy trading and cryptocurrency derivatives, catering to certain segments of traders. With a 3-star rating for its range of investments and a rank of 60th out of 62 brokers by ForexBrokers.com, it presents a more streamlined but less comprehensive trading experience compared to eToro.
| 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 the online trading platforms of eToro and FXGT.com, both brokers offer users the opportunity to practice trading with free virtual demo accounts. eToro stands out with its in-house developed platform, providing a unique trading experience directly through a web-based interface. However, it lacks a Windows desktop download version, which FXGT.com offers to cater to desktop users. Both platforms facilitate copy trading, allowing users to mimic successful traders' strategies. Yet, FXGT.com extends its service by supporting popular third-party platforms like MetaTrader 4 and MetaTrader 5, filling a gap that eToro does not address. While eToro impresses with 161 drawing tools for charting, it falls short in direct trading from stock charts—a feature FXGT.com provides.
eToro’s platform is substantially tailored with six watchlist columns and is ranked 8th out of 62 brokers by ForexBrokers.com, earning a high rating of 4.5 stars for its tools. In contrast, FXGT.com offers five watchlist columns, and although it's ranked substantially lower at 56th, it still garners a respectable four-star rating. While neither broker supports DupliTrade or ZuluTrade, potential users might prefer eToro for its diverse and extensive tools, whereas those needing a desktop option and familiar MetaTrader interfaces might lean towards FXGT.com. This comparison highlights the distinct preferences traders might have, depending on their trading style and needs.
| 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 support iPhone and Android apps, providing traders with convenient access to their services. They each offer real-time price alerts and allow for the syncing of watchlists between mobile apps and online accounts, ensuring that your data stays consistent across platforms. However, eToro boasts a wider array of technical studies with 104 options for charting, while FXGT.com provides 30. A standout feature of FXGT.com is the ability to draw trendlines on charts, a functionality not available on eToro. Additionally, FXGT.com's app automatically saves these chart drawings, providing added convenience for ongoing analysis.
Both platforms allow users to create watchlists with real-time quotes and offer multiple time frame views for charts. Despite FXGT.com's features, eToro's app has received a higher user rating of 4.5 stars, compared to FXGT.com's 3.5 stars. This reflects in their rankings by ForexBrokers.com, where eToro is placed at #10 among 62 brokers for mobile trading apps, whereas FXGT.com stands at #58. This suggests that while both apps offer essential trading features, eToro's offerings and user experience edge out slightly over FXGT.com, according to reviewers.
| 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.
eToro and FXGT.com are both prominent online brokers, but they differ significantly when it comes to market research offerings. eToro provides daily market commentary, a feature not available with FXGT.com, which gives its users valuable insights into the markets every day. Both platforms lack forex news from top-tier sources such as Bloomberg or Reuters, and they do not offer technical analysis tools from Autochartist. However, eToro has an edge with its access to Trading Central tools, which FXGT.com does not provide.
Both eToro and FXGT.com offer sentiment-based trading tools and economic calendars. Despite these similarities, eToro excels with additional research options such as market insights from TipRanks, not available on FXGT.com. This comprehensive mix of research tools earns eToro a 4.5-star rating for research compared to FXGT.com's 3-star rating. In the ForexBrokers.com research category, eToro stands at a commendable 13th out of 62 brokers, while FXGT.com trails at 56th. This comparison highlights eToro as a better choice for those prioritizing in-depth market research features.
| 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 beginner traders, eToro stands out as an excellent platform. It offers a wide range of materials, including more than ten educational pieces focused on forex and CFDs, alongside regular webinars to boost learning. Even if you miss a live session, the content is accessible through a searchable archive, allowing users to revisit past webinars at their convenience. eToro also impresses with a collection of over ten educational videos tailored specifically for beginners and provides a similar library for advanced traders seeking to improve their skills. With an added investor dictionary featuring definitions of more than 50 investing terms, eToro is a top choice, reflected in its 4.5-star rating for education and its ranking as the 5th best among 62 brokers according to ForexBrokers.com.
In contrast, FXGT.com falls short in educational offerings for those new to trading. The platform does not provide the minimum set of educational resources dedicated to forex or CFDs. It lacks both regular educational webinars and an archive, making it harder for newcomers to learn effectively. Furthermore, there are no beginner-specific or advanced educational videos available, except for an investor dictionary comparable to eToro's. As a result, FXGT.com has been rated 3 stars for educational offerings and is ranked 59th among 62 brokers by ForexBrokers.com. For those prioritizing education in their trading journey, eToro presents more comprehensive options.
| 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 62 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 | 93 | 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 | 93 | 69 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | FXGT.com | |
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| Regulation | eToro | FXGT.com | |
|---|---|---|---|
| Trust Score | 93 | 69 | |
| Year Founded | 2007 | 2019 | |
| Publicly Traded (Listed) | No | 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 | 93 | 69 | |
| Winner | check_circle | ||
| Review | eToro Review |
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