Compare Forex.com vs eToro
What is Forex.com? What is eToro?
Forex.com is a global online broker that offers forex and CFD trading on various platforms and devices. It is owned by StoneX Group Inc., a publicly traded company listed on NASDAQ.
eToro is a social trading platform that allows users to trade stocks, ETFs, forex, crypto, and CFDs, as well as copy the trades of other users. It is regulated by multiple authorities in different jurisdictions, including the UK, Cyprus, Australia, and the US.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
Forex.com vs eToro Regulation Comparison
Both Forex.com and eToro are considered highly trusted brokers, with an overall Trust Score of 99 and 90 out of 99 respectively. They are both authorized by several tier-1 regulators, such as the UK’s Financial Conduct Authority (FCA), the US’s Commodity Futures Trading Commission (CFTC), and Australia’s Securities and Investments Commission (ASIC).
Forex.com has more tier-1 licenses than eToro, with seven versus three. Forex.com is also regulated by the Dubai Financial Services Authority (DFSA), while eToro is not. However, eToro has a tier-4 license from New Zealand’s Financial Markets Authority (FMA), while Forex.com does not.
Forex.com vs eToro Trading Assets Comparison
eToro offers more markets and products than Forex.com, especially in terms of real stocks and crypto assets. eToro has over 2,000 stocks from 17 markets, and over 100 crypto assets that can be traded with zero commission. Forex.com only offers CFD trading on stocks and crypto, with over 4,500 CFDs across eight asset classes.
Forex.com has more forex pairs than eToro, with 91 versus 52. Forex.com also offers more CFDs on metals, energies, and indices than eToro.
Forex.com vs eToro Trading Fees Comparison
Forex.com has lower trading fees than eToro, especially for forex trading. Forex.com charges a spread of 0.8 pips on average for the EUR/USD pair, while eToro charges 1.0 pips on average. Forex.com also offers commission-based accounts for active traders, which can reduce the spread further to 0.2 pips on average for the EUR/USD pair.
eToro has higher non-trading fees than Forex.com, such as withdrawal fees, inactivity fees, and currency conversion fees. eToro charges $5 for each withdrawal, while Forex.com does not charge any withdrawal fees. eToro also charges $10 per month after one year of inactivity, while Forex.com charges $15 per month after two years of inactivity. Moreover, eToro charges a currency conversion fee of up to 0.5% for deposits and withdrawals in currencies other than USD, while Forex.com does not charge any currency conversion fees.
Forex.com vs eToro Account Types Comparison
Forex.com offers three types of accounts: Standard, Commission, and Direct Market Access (DMA). TheStandard account has no commission but higher spreads, the Commission account has lower spreads but a commission of $5 per 100k traded, and the DMA account has variable spreads and commissions based on market conditions.
eToro offers only one type of account: Retail. The Retail account has no commission but higher spreads and overnight fees. It also has access to social trading features such as CopyTrader and CopyPortfolios.
Forex.com vs eToro Deposit Options Comparison
Both Forex.com and eToro offer multiple deposit and withdrawal options, such as bank transfer, credit/debit card, PayPal, Skrill, Neteller, and others. However, Forex.com has more base currencies than eToro, with seven versus one. This means that Forex.com users can avoid currency conversion fees if they deposit and withdraw in their local currency.
Both brokers have a minimum deposit requirement of $100 for most methods. However, eToro has a higher minimum withdrawal amount of $30, while Forex.com has no minimum withdrawal amount.
Forex.com vs eToro Trading Platforms Comparison
Forex.com offers two main trading platforms: the proprietary Forex.com platform and the MetaTrader 4 (MT4) platform. The Forex.com platform is web-based and has a user-friendly interface, advanced charting tools, and integrated news and research. The MT4 platform is downloadable and has more customization options, indicators, and automated trading features.
eToro offers only one trading platform: the proprietary eToro platform. The eToro platform is web-based and has a social trading focus, with features such as CopyTrader, CopyPortfolios, and Popular Investor Program. It also has a simple and intuitive interface, but lacks some advanced tools and indicators that are available on MT4.
Forex.com vs eToro Analytical Tools Comparison
Forex.com has more analytical tools than eToro, especially for forex trading. Forex.com provides users with market analysis, trading signals, economic calendar, trading central, and Autochartist. These tools help traders to identify trends, patterns, and trading opportunities in the forex market.
eToro has fewer analytical tools than Forex.com, but more social trading tools. eToro provides users with market news, economic calendar, and social news feed. These tools help traders to stay updated on the market events and sentiments, as well as to follow and copy other successful traders.
Forex.com vs eToro. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as it depends on your personal preferences, trading style, and goals. However, you can consider some of the following factors to help you make your decision:
- If you are looking for a broker with more regulatory licenses, more forex pairs, lower trading fees, and more advanced trading platforms and tools, you might prefer Forex.com over eToro.
- If you are looking for a broker with more markets and products, especially real stocks and crypto assets, zero commission trading, and more social trading features, you might prefer eToro over Forex.com.
- If you are looking for a broker with more base currencies, no withdrawal fees, no currency conversion fees, and no minimum withdrawal amount, you might prefer Forex.com over eToro.
- If you are looking for a broker with a lower minimum deposit requirement and more deposit and withdrawal options, you might prefer eToro over Forex.com.
Ultimately, the best way to find out which broker suits you better is to try them out yourself. You can open a demo account with both brokers and test their platforms and services before committing to a real account. You can also read user reviews and ratings from other traders who have experience with both brokers.
