Written by ForexBrokers.com
In this head to head comparison of eToro vs FXPrimus, 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.
Founded in 2007, eToro is an online broker renowned for its high trustworthiness, boasting a Trust Score of 93 out of 99 on ForexBrokers.com. Though not publicly traded or a bank, eToro is highly regarded in the trading community, holding three Tier-1 licenses and one Tier-2 license, reflecting its commitment to secure trading practices.
In comparison, FXPrimus, established in 2009, has a Trust Score of 71, placing it in the average risk bracket. Like eToro, FXPrimus is neither publicly traded nor a banking institution. The broker holds one Tier-1 license, which shows a moderate level of trust, but lacks Tier-2 licenses, which sometimes raises concerns among cautious investors.
| Feature |
eToro
|
FXPrimus
|
|---|---|---|
| Year Founded | 2007 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing eToro and FXPrimus in terms of commissions and fees, each platform offers distinct features tailored to different trader needs. eToro, a market-maker broker, presents a variable spread starting at 1 pip on the EUR/USD pair, positioning it slightly above the industry average. Despite this, many retail traders opt for eToro not primarily for competitive spreads but rather for its renowned social copy trading platform. For traders with higher balances, eToro provides a VIP club with five tiers—ranging from Silver to Diamond—offering an array of benefits like discounted withdrawal fees and dedicated account managers.
In contrast, FXPrimus does not provide average spread data, making a direct comparison of trading costs less straightforward. Nonetheless, FXPrimus effectively caters to its clientele, offering a reliable platform for trading. While eToro receives a higher rating of 4.5 stars for its commissions and fees, FXPrimus scores a respectable 4 stars, reflecting its competitive offering in this segment.
According to ForexBrokers.com, eToro ranks 22nd out of 62 brokers in the Commissions and Fees category, underscoring its appeal due to additional features beyond mere cost efficiency. On the other hand, FXPrimus ranks 42nd, indicating that while it remains a solid choice, it might not match eToro’s comprehensive range of features related to fees and commissions.
| Feature |
eToro
|
FXPrimus
|
|---|---|---|
| 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 | No |
| 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 the investment offerings of eToro and FXPrimus, eToro clearly stands out with its diverse range of available assets. eToro provides access to 5,461 tradeable symbols, significantly outpacing FXPrimus, which offers 140. If you're interested in forex trading, eToro allows users to trade 55 forex pairs while FXPrimus offers 42. Moreover, eToro provides a unique opportunity for clients to invest directly in exchange-traded securities on both U.S. and international exchanges, enabling users to purchase shares like Apple and Vodafone. In contrast, FXPrimus restricts its offerings to CFDs, lacking the option for direct stock purchases from such exchanges. Both platforms support copy trading, allowing traders to mimic the strategies of successful investors.
eToro also enables the purchase of actual cryptocurrencies, an advantage over FXPrimus, which only supports cryptocurrency derivatives. These wide-ranging investment options have earned eToro a top-tier rating of 5 stars for its range of investments, placing it 10th out of 62 brokers in this category according to ForexBrokers.com. On the other hand, FXPrimus holds a 3.5-star rating and ranks 59th. This comparison highlights eToro’s broad spectrum of investment opportunities, making it an attractive choice for diverse trading interests.
| Feature |
eToro
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 140 |
| Forex Pairs (Total) | 55 | 42 |
| 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 FXPrimus for their trading platforms and tools, both brokers offer simulated trading through free demo accounts, allowing users to practice before going live. Each platform also has its proprietary software developed in-house. However, eToro does not provide a Windows-based desktop platform, while FXPrimus does, catering to those who prefer that setup. Both brokers offer web-based trading, making them easily accessible from any browser. Enthusiastic about social trading, eToro champions copy trading, a feature also supported by FXPrimus. But in terms of integration with popular platforms, eToro does not support MetaTrader 4 or 5, whereas FXPrimus caters to these traders by offering both.
Regarding charting features and tools, eToro takes a lead with 161 drawing tools available compared to FXPrimus's 15, though neither supports direct trading from charts. For watch lists, FXPrimus edges slightly ahead with seven fields versus eToro’s six. eToro is rated higher for trading platforms and tools at 4.5 stars, exceeding FXPrimus's 4 stars. Moreover, eToro ranks significantly better on ForexBrokers.com, holding the 8th position among 62 brokers, while FXPrimus is positioned at 49th. These factors highlight eToro as a more favorable choice for those emphasizing advanced tools and user-friendly features in their trading experience.
| Feature |
eToro
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 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.
When comparing the mobile trading apps of eToro and FXPrimus, both cater to iPhone and Android users, ensuring accessibility across these popular platforms. They also provide users with stock and forex price alerts, keeping traders informed of crucial market movements. However, eToro edges out in convenience with its seamless watchlist symbol syncing, allowing changes in the mobile app to reflect instantaneously on the user's online account. Though both apps support viewing multiple time frames on charts, FXPrimus uniquely offers the ability to draw trendlines and automatically saves any chart drawings, adding useful tools for market analysis.
Moreover, eToro's mobile app boasts a significant advantage with an impressive 104 technical studies for charting, compared to FXPrimus's 30 studies. This expansive array of studies may contribute to eToro's higher user satisfaction, reflected in its 4.5-star rating, compared to FXPrimus's 4-star rating. According to ForexBrokers.com, eToro ranks as the 10th best among 62 brokers for mobile trading apps, while FXPrimus ranks at 48th. Both platforms provide real-time quotes for watchlists, but eToro's enhanced features and user ratings suggest a more comprehensive mobile trading experience.
| Feature |
eToro
|
FXPrimus
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
eToro and FXPrimus provide daily market commentary, helping traders stay informed on market trends. However, when it comes to accessing forex news from renowned sources such as Bloomberg and Reuters, both platforms fall short. In terms of technical analysis and research tools, eToro comes ahead by offering tools from Trading Central, unlike FXPrimus. An added advantage for eToro users is the availability of sentiment-based trading tools, which showcase the ratio of long or short positions on various currency pairs, enhancing market insight. Meanwhile, FXPrimus lacks this feature.
For those interested in market research, eToro benefits from TipRanks integration, offering users additional perspectives on market movements—something FXPrimus does not provide. Both brokers offer economic calendars to track global news events, but eToro's comprehensive research offerings earn it a rating of 4.5 stars out of 5, compared to FXPrimus's 3 stars. On a wider scale, eToro ranks 13th out of 62 brokers in the Research category according to ForexBrokers.com, significantly outperforming FXPrimus, which ranks 58th.
| Feature |
eToro
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| 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.
For beginners seeking educational resources in online trading, eToro and FXPrimus both provide valuable materials, but there are notable differences. eToro offers a comprehensive suite of educational content, including over 10 articles, videos, and webinars focused on forex and CFDs. These resources are enhanced by monthly client webinars and a searchable archive of past sessions. eToro excels in providing beginner-friendly videos, offering more than 10 specifically designed for novice traders, alongside advanced educational content for seasoned traders. Additionally, eToro includes an investor dictionary featuring definitions of over 50 investing terms, making it a strong choice for those starting their trading journey.
In contrast, FXPrimus also meets the basic educational needs with over 10 pieces focused on forex and CFDs, alongside monthly webinars and an archived library. However, it falls short in offering beginner or advanced trading videos, which limits its depth in catering to different learner levels. Moreover, FXPrimus does not provide an investor dictionary, which might leave some newcomers without critical terminology explanations. This difference is reflected in their ratings, with eToro receiving a 4.5-star score in education compared to FXPrimus's 3-star rating. When ranked out of 62 brokers, eToro holds a strong position at number five, far ahead of FXPrimus, which is ranked at 51. This highlights eToro's broader and more accessible educational support for traders at all stages.
| Feature |
eToro
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 FXPrimus. eToro finished with an overall rank of #9, while FXPrimus finished with an overall rank of #53.
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
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FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 71 |
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eToro allows users to buy both actual delivered cryptocurrencies and cryptocurrency derivatives, whereas FXPrimus only provides the option to trade cryptocurrency derivatives without offering the purchase of actual cryptocurrencies.
eToro offers more flexibility for depositing and withdrawing funds compared to FXPrimus, as it supports ACH, SEPA transfers, and PayPal in addition to Skrill, Visa, Mastercard, and bank wires, while FXPrimus supports Skrill, Visa, Mastercard, and bank wires but lacks options for ACH, SEPA transfers, and PayPal.
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 | FXPrimus | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | FXPrimus | |
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| Regulation | eToro | FXPrimus | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| Year Founded | 2007 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 140 | |
| Forex Pairs (Total) | 55 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | eToro | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review |
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