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.
eToro, founded in 2007, stands out in the online brokerage landscape with a Trust Score of 96 out of 99 from ForexBrokers.com, indicating a high level of trustworthiness. This broker is publicly traded, adding another layer of transparency. eToro is not a bank, but it holds three Tier-1 licenses, which are highly regarded, and one Tier-2 license, confirming its strong regulatory standing.
In contrast, FXPrimus, which began operations in 2009, has a ForexBrokers.com Trust Score of 71, placing it in the average risk category. FXPrimus is not publicly traded and does not offer the additional disclosures that come with stock exchange listing. Holding one Tier-1 license and no Tier-2 licenses, FXPrimus is also not a bank but operates under fewer regulatory safeguards compared to eToro.
| Feature |
eToro
|
FXPrimus
|
|---|---|---|
| Year Founded | 2007 | 2009 |
| Publicly Traded (Listed) | Yes | 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 their commissions and fees, eToro stands out with its unique social copy trading features despite having a typical spread of 1 pip on the EUR/USD, which is slightly above the industry average. This spread suggests that eToro may not be the go-to for the lowest spreads, but it compensates this with its innovative platform. eToro offers a VIP program called the eToro Club, featuring membership tiers from Silver to Diamond, catering to traders with account balances between $5,000 and $250,000. These VIP tiers come with a range of benefits, including access to Trading Central, reduced withdrawal and deposit fees, and dedicated account managers.
FXPrimus, on the other hand, does not disclose its average spread data. Despite this lack of specific spread information, FXPrimus provides a competitive trading experience, earning it a rating of 4 stars for commissions and fees. In comparison, eToro holds a higher rating of 4.5 stars in this category, indicating a slight edge in customer satisfaction regarding costs. Although eToro's spread might be marginally higher, the overall value offered by their additional services and VIP perks contribute positively to its rating.
In terms of rankings, eToro is placed at #22 out of 63 brokers in the Commissions and Fees category, according to ForexBrokers.com, showcasing its relatively strong standing in the industry. Meanwhile, FXPrimus is ranked #42, reflecting a decent position but suggesting there's room for improvement in their fee structure. Both brokers provide valuable offerings, but eToro's combination of a well-developed platform and additional benefits may appeal more to traders focused on more than just the raw cost of trading.
| 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 eToro and FXPrimus for their range of available investments, eToro clearly stands out with an impressive selection of 5,461 tradeable symbols, including 55 forex pairs. In contrast, FXPrimus offers a more limited selection of 140 tradeable symbols and 42 forex pairs. Both platforms permit forex trading through CFDs or spot contracts, however, eToro extends its offerings by enabling users to purchase exchange-traded securities on both U.S. and international markets, something FXPrimus does not provide.
eToro also offers more variety in cryptocurrency investments, allowing users to buy actual cryptocurrencies in addition to cryptocurrency derivatives, while FXPrimus is limited to offering derivatives only. Furthermore, both platforms offer copy trading services. In terms of ratings, eToro is notable for its 5-star rating and a #10 rank out of 63 brokers in the Range of Investments category, showcasing its expansive reach. FXPrimus, meanwhile, has a modest rating of 3.5 stars and is ranked #59, indicating a more conservative investment range.
| 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 choosing between eToro and FXPrimus for trading platforms and tools, both brokers present unique features for traders. eToro shines with its proprietary, web-based trading platform, renowned for its user-friendly interface and social trading capabilities, including a widely used copy trading feature. While it doesn't support MetaTrader 4 (MT4) or MetaTrader 5 (MT5), eToro offers an impressive range of 161 drawing tools for chart analysis. It provides a free virtual demo account for paper trading, allowing users to practice without risking real money. In terms of ratings, eToro scores a solid 4.5 stars for its trading platforms and tools, ranking #8 out of 63 brokers on ForexBrokers.com.
FXPrimus, on the other hand, provides a broader range of platforms, including both MT4 and MT5, and offers a Windows-based desktop option for those who prefer downloadable software. Similar to eToro, FXPrimus also supports paper trading and offers a proprietary web-based platform. For charting, FXPrimus presents 15 drawing tools—a more limited selection compared to eToro—but makes up for it by allowing trades directly from stock charts, which could appeal to more active traders. FXPrimus is rated 4 stars for its trading platforms and tools, holding a position of #49 among 63 brokers according to ForexBrokers.com. Both brokers cater to different trading styles, with eToro favoring ease of use and social features, while FXPrimus offers traditional trading software flexibility.
| 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 platforms offer apps for iPhone and Android, ensuring accessibility for users on both operating systems. They also provide stock and forex price alerts, allowing traders to stay updated on market movements. However, when it comes to syncing watchlist symbols across different devices, eToro stands out with this feature while FXPrimus does not offer it. For charting capabilities, eToro provides an impressive 104 technical studies, significantly more than FXPrimus's 30. While FXPrimus does enable users to draw trendlines on charts, eToro lacks this functionality. Both platforms support viewing charts in multiple time frames, catering to various trading strategies.
FXPrimus supports the auto-saving of drawings on charts, a feature not available with eToro’s mobile app. Both trading apps allow the creation of watchlists with real-time quotes, helping traders keep track of their favorite assets. In terms of user ratings, eToro scores higher with 4.5 stars compared to FXPrimus's 4 stars. When ranked by ForexBrokers.com, eToro holds a strong position at #10 out of 63 brokers in the Mobile Trading Apps category, whereas FXPrimus ranks at #48. Overall, eToro's mobile app offers a more feature-rich experience for traders seeking extensive technical analysis and seamless device integration.
| 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.
Both eToro and FXPrimus provide daily market commentary, making it easier for traders to stay informed about market trends. While neither platform offers forex news updates from top-tier sources like Bloomberg or Reuters, eToro sets itself apart by providing access to Trading Central's technical analysis tools, aiding traders with in-depth insights. It also has a sentiment-based trading tool, allowing users to gauge market moods by showing the ratio of long and short positions across various instruments, an offering not available on FXPrimus. Further enhancing its market research capabilities, eToro leverages TipRanks to give users an edge, while FXPrimus does not provide this feature.
Another handy tool provided by both brokers is an economic calendar, which lists current and upcoming global news events. However, when it comes to research ratings, eToro scores higher with 4.5 stars, compared to FXPrimus's 3 stars. In fact, eToro holds the 13th spot out of 63 brokers in the Research category, while FXPrimus is positioned much lower at 58th. This clearer focus on diverse research tools and higher user ratings makes eToro a more appealing choice for traders who prioritize comprehensive market research.
| 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.
When it comes to educational resources for beginners, both eToro and FXPrimus provide a solid start with more than 10 pieces of educational content focused on forex and CFDs. These materials, which include articles, videos, and archived webinars, cater to new traders looking to build their foundational knowledge. Additionally, both platforms ensure ongoing learning opportunities by offering online educational webinars each month and maintaining a searchable archive of past webinars for ease of access. However, eToro surpasses FXPrimus in a few key areas that might make a difference for beginners eager to expand their skills further.
eToro offers a wide range of beginner educational videos, more than 10, that are specifically designed to help newcomers to trading understand the basics. In contrast, FXPrimus doesn't provide the same breadth of beginner video content. eToro also stands out with advanced educational videos for more experienced traders and an extensive investor dictionary with definitions of over 50 investing terms, resources that FXPrimus does not match. Consequently, eToro boasts a higher educational rating of 4.5 stars out of 5 compared to FXPrimus's 3 stars. According to ForexBrokers.com, eToro ranks impressively as the 5th among 63 brokers for education, whereas FXPrimus stands at the 51st position. For beginners looking for a comprehensive educational experience, eToro offers a greater depth of content and more tools for learning compared to FXPrimus.
| 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 63 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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 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 | 96 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | FXPrimus | |
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| Regulation | eToro | FXPrimus | |
|---|---|---|---|
| Trust Score | 96 | 71 | |
| Year Founded | 2007 | 2009 | |
| 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 | 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 | 96 | 71 | |
| Winner | check_circle | ||
| Review | eToro Review |
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