Compare Forexee vs eToro
What is Forexee? What is eToro?
Forexee is an online foreign exchange broker that offers ECN/STP trading on various platforms, including MetaTrader 4. Forexee is regulated by the Financial Services Authority of Saint Vincent and the Grenadines.
eToro is a multi-asset platform that offers social trading, copy trading, and commission-free stock trading. eToro is regulated by the Cyprus Securities and Exchange Commission, the Financial Conduct Authority, and the Australian Securities and Investments Commission.
Forexee vs eToro Regulation Comparison
Forexee and eToro have different regulatory statuses in different jurisdictions. Forexee is not regulated by any major financial authority, while eToro is regulated by three tier-one regulators. This means that eToro has a higher level of trust and investor protection than Forexee. However, both brokers are required to follow anti-money laundering and KYC policies, and to segregate client funds from their own.
Forexee vs eToro Trading Assets Comparison
Forexee and eToro offer different trading assets to their clients. Forexee focuses on forex trading, with 49 currency pairs available, as well as some CFDs on metals, indices, cryptocurrencies, and stocks.
eToro offers a wider range of assets, including real stocks and ETFs, CFDs on commodities, indices, cryptocurrencies, and stocks, as well as forex trading with 47 currency pairs. eToro also allows traders to invest in thematic portfolios and copy the trades of other users.
Forexee vs eToro Trading Fees Comparison
Forexee and eToro have different fee structures for their trading services. Forexee charges low commissions on ECN accounts, starting from $1 per lot, and variable spreads that depend on market conditions and account types. Forexee also charges swap fees for overnight positions, deposit and withdrawal fees for some payment methods, and an inactivity fee of $10 per month after six months of no trading activity.
eToro does not charge commissions on real stocks and ETFs, or on forex trading with no leverage. However, eToro charges variable spreads on all other assets, which can be higher than the industry average, especially for cryptocurrencies. eToro also charges overnight fees for CFD positions, conversion fees for non-USD deposits and withdrawals, and a withdrawal fee of $5 per transaction. eToro also charges an inactivity fee of $10 per month after 12 months of no login activity.
Forexee vs eToro Account Types Comparison
Forexee and eToro have different account types for their clients. Forexee offers four types of accounts: Basic, Advanced, Premium, and Crypto. The minimum deposit for each account is $50, $200, $1,000, and $10 respectively. The main differences between the accounts are the leverage levels, the commissions, the spreads, and the available instruments.
eToro offers only one type of account for retail clients, with a minimum deposit of $200 (or higher depending on the region). The maximum leverage for retail clients is 1:30 for forex, 1:10 for commodities and indices, 1:5 for stocks and ETFs, and 1:2 for cryptocurrencies. eToro also offers a professional account for eligible clients who can access higher leverage levels and lower margin requirements. Additionally, eToro offers an Islamic account for Muslim clients who want to trade without swap fees or interest charges.
Forexee vs eToro Deposit Options Comparison
Forexee and eToro have different deposit and withdrawal options for their clients. Forexee accepts deposits and withdrawals via bank transfer, credit/debit card, Skrill, Neteller, WebMoney, FasaPay, Perfect Money, Bitcoin, Litecoin, Ethereum, Tether, and USDC. The processing time and fees vary depending on the method chosen.
eToro accepts deposits and withdrawals via bank transfer, credit/debit card, PayPal, Skrill, Neteller, WebMoney, Rapid Transfer , Klarna/Sofort Banking , Trustly , iDEAL , Giropay , China Union Pay , Local Online Banking , Wirecard , Yandex Money , Qiwi Wallet , Ngan Luong , Jeton Wallet , AstroPay Card , Online Bank Transfer , M-Pesa Kenya , M-Pesa Tanzania , CashU , Payoneer , Worldpay , Skrill Limited UK , Dotpay SMS , Dotpay Bank Transfer , Dotpay E-Wallet , WebMoney Europe Ltd UK , WebMoney Transfer Ltd UK , WebMoney Transfer Ltd EU , WebMoney Transfer Ltd US , WebMoney Transfer Ltd RU , WebMoney Transfer Ltd UA , WebMoney Transfer Ltd BY , WebMoney Transfer Ltd KZ , WebMoney Transfer Ltd AM , WebMoney Transfer Ltd AZ , WebMoney Transfer Ltd GE , WebMoney Transfer Ltd MD , WebMoney Transfer Ltd UZ .
The processing time is usually instant or up to one business day for deposits (except for bank transfers), and up to two business days for withdrawals (except for bank transfers). eToro charges a conversion fee for non-USD deposits and withdrawals, and a withdrawal fee of $5 per transaction.
Forexee vs eToro Trading Platforms Comparison
Forexee and eToro have different trading platforms for their clients. Forexee offers the MetaTrader 4 platform, which is a popular and widely used platform among forex traders. It has advanced charting tools, technical indicators, automated trading features, and a user-friendly interface. Forexee also offers a web-based platform and a mobile app for Android and iOS devices.
eToro offers its own proprietary platform, which is designed for social trading and copy trading. It has a simple and intuitive interface, with basic charting tools, news feed, market sentiment, and performance analytics. eToro also offers a web-based platform and a mobile app for Android and iOS devices.
Forexee vs eToro Analytical Tools Comparison
Forexee and eToro have different analytical tools for their clients. Forexee provides some market news, economic calendar, trading signals, and technical analysis on its website. Forexee also allows traders to use third-party tools and indicators on the MetaTrader 4 platform.
eToro provides some market news, economic calendar, trading alerts, and technical analysis on its platform. eToro also allows traders to access the social trading features, such as the CopyTrader tool, the CopyPortfolios tool, the Popular Investor Program, and the online community.
Forexee vs eToro. Which forex broker is better? Which forex broker should you choose?
The best forex broker for you depends on your personal preferences, trading style, goals and needs. You can do more research, read reviews, try a demo account or even open a live account with both brokers to see which broker meets your expectations and requirements.
