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eToro vs UFX 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is eToro better than UFX? In our analysis of 23 international regulators across 39 of the best forex brokers, eToro is considered low-risk, with an overall Trust Score of 93 out of 99. UFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingeToroUFXIG
Overall Rating4.5 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars3 Stars5 Stars
Offering of Investments5 Stars3.5 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading4.5 Stars4 Stars5 Stars
Research4.5 Stars3 Stars5 Stars
Education4 Stars3 Stars5 Stars
Trust Score936799
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RevieweToro ReviewIG Review
RegulationeToroUFXIG
Trust Score936799
Year Founded200720111974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses207
Tier-2 Licenses112
Tier-3 Licenses001
Authorised in European UnionYesYesYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)eToroUFXIG
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)eToroUFXIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)eToroUFXIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentseToroUFXIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)345861919537
Forex Pairs (Total)4949100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)YesNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CosteToroUFXIG
Average Spread EUR/USD - Standard1 (August 2021)3 (Jan 2021)0.86 (September 2022)
All-in Cost EUR/USD - ActiveN/A2 (Jan 2021)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerYesYesYes
Execution: Market MakerYesNoYes
FundingeToroUFXIG
Minimum Initial Deposit$10-$10,000$100ยฃ250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformseToroUFXIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)NoYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)NoYesYes
MetaTrader 5 (MT5)NoYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolseToroUFXIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields6714
Charting - Indicators / Studies (Total)6611633
Charting - Drawing Tools (Total)131720
Charting - Trade From ChartNoNoYes
Charts can be savedYesYesYes
Mobile TradingeToroUFXIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesYesYes
Mobile Charting - Indicators / Studies53033
Mobile Charting - Draw TrendlinesNoYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoNoYes
Forex CalendarNoYesYes
ResearcheToroUFXIG
Daily Market CommentaryYesNoYes
Forex News (Top-Tier Sources)NoYesYes
AutochartistNoNoYes
Trading Central (Recognia)YesYesNo
Social Sentiment - Currency PairsYesYesYes
Economic CalendarYesYesYes
EducationeToroUFXIG
Has Education - Forex or CFDsYesNoYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesNoYes
Videos - Beginner Trading VideosYesNoYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)YesNoYes
Major Forex PairseToroUFXIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
RevieweToro ReviewIG Review
OveralleToroUFXIG
Overall Rating4.5 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars3 Stars5 Stars
Offering of Investments5 Stars3.5 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading4.5 Stars4 Stars5 Stars
Research4.5 Stars3 Stars5 Stars
Education4 Stars3 Stars5 Stars
Trust Score936799
Winnercheck_circle
RevieweToro ReviewIG Review
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eToro vs UFX Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs UFX.

Does eToro or UFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is eToro or UFX safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. eToro holds 2 global Tier-1 licenses, while UFX holds 0. Both eToro and UFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, eToro earned a higher Trust Score than UFX.

Which trading platform is better: eToro or UFX?

To compare the trading platforms of both eToro and UFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.eToro and UFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

eToro and UFX offer traders the same number of currency pairs, 49. Forex pairs aside, eToro offers traders access to 3458 CFDs while UFX has 619 available CFDs, a difference of 2839.

Can I trust eToro?

eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust UFX?

UFX is not publicly traded and does not operate a bank. UFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).

Is eToro good?

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors โ€“ or receive exclusive perks for sharing their own trading strategies.

Is UFX good?

UFX offers the full MetaTrader suite and its own proprietary platform, as well as a growing selection of markets. That being said, spreads are much wider than the industry average, and as UFX holds just one regulatory license, its trust factor is well below the industry average.

Overall winner: IG

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