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eToro vs Forex.com: Comparison and Analysis

eToro and Forex.com are two popular brokers in the financial industry. This comparison article provides a detailed analysis of their features, allowing you to determine which platform is best suited to your needs.

We’ve examined more than 100 variables and features to present a comprehensive overview of eToro and Forex.com. The comparisons are presented in a logical structure, making it easy to navigate.

Read on to explore the detailed comparison.

Open Account

51% of retail CFD accounts lose money. Below content does not apply to US users.

eToro review

Open Account

73%-77% of retail investor accounts lose money when trading CFDs with this provider

Forex.com review

Overall Ratings

Rated

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

eToro
Forex.com

Security 95

Cost 74

Cost 73

Trading 67

Trading 75

Education 72

Education 82

Company Info

Foundation

2007

1999

Is it Regulated?

Is it Publicly Traded?

Is it a Bank?

Segregated Clients Funds ?

No-ESMA Branches? ?

Accepts EU Clients?

Accepts US Clients?

Accepts Canadian Clients?

Website Languages

en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it

en, chi

Leverage

Non-EU Leverage ?

30:1

400:1

European Leverage ?

30:1

Australian Leverage ?

30:1

US Leverage ?

1:1

50:1

Canadian Leverage ?

N/A

50:1

Tier 1 Regulation

FSA ?

MAS ?

FINMA ?

FCA ?

CFTC ?

MIFID-ESMA ?

ASIC ?

CIRO ?

SFC ?

Tier 2 Regulation

FMA ?

CBR ?

FSCA ?

SEC ?

DFSA ?

CBRC ?

CySEC ?

ISA ?

Tier 3 Regulation

Offshore ?

MMA (Maldives) ?

EDR ?

FSA (Seychelles) ?

SCB (Bahamas) ?

FSC (Mauritius) ?

VFSC (Vanuatu) ?

IFSC (Belize) ?

CIMA (Cayman Islands) ?

SVG (Saint Vincent and the Grenadines) ?

FSRC (St. Kitts & Nevis) ?

BMA (Bermuda) ?

BVI (British Virgin Islands) ?

Brand Power

SimilarWeb - Website Ranking

5529

52385

SimilarWeb - Total Visits

22900

Facebook Likes

4691

36211

Twitter Likes

120000

146200

Instagram Likes

88000

Deposit and Withdrawal

Minimum Deposit ?

50 USD

100 USD

Minimum Withdraw ?

Credit Card ?

Bank Transfer ?

PayPal

Neteller

Skrill

Other Methods Available ?

Rapid Transfer

Deposit Waiting Time ?

up to 5 business days

1-2 business days

Withdraw Waiting Time ?

up to 5 business days

1-2 business days

Bonus Program ?

Costs and Fees

Deposit Fees ?

Withdrawal Commissions ?

Overnight/Swap Fee ?

Inactivity Fee ?

Conversion Fee ?

Account Types

Demo Account ?

Demo Account Expiration ?

Account Currencies ?

USD

EUR, GBP, USD

Standard Account ?

Micro Account ?

Low-cost Account ?

Variable Spread Account ?

Fixed Spread Account ?

Zero Spread Account ?

ECN Account ?

Swap Free Account ?

Islamic Account ?

Professional Traders Account ?

Active Trader Program ?

Commodities

Crude Oil ?

5.0

Natural Gas ?

15.0

Silver ?

5.0

1.4

Platinum ?

35.0

Copper ?

4.0

Soybeans ?

Corn ?

130

Gold ?

45.0

0.45

Forex Fixed Spreads

EUR/GBP Spread

EUR/USD Spread

USD/JPY Spread

GBP/USD Spread

USD/CHF Spread

AUD/USD Spread

USD/CAD Spread

NZD/USD Spread

Forex Variable Spreads

EUR/USD Average Spread

1.3

USD/JPY Average Spread

1.5

USD/CHF Average Spread

1.5

1.9

GBP/USD Average Spread

USD/CAD Average Spread

1.5

2.0

AUD/USD Average Spread

1.0

1.6

NZD/USD Average Spread

2.5

3.2

EUR/GBP Average Spread

1.9

Fees on Stocks

Apple

0.0

0.01

Facebook

0.0

0.04

Alphabet

0.0

0.30

Snapchat

0.0

Tesco

0.0

Barclays

0.0

Lloyds

0.0

Fees on Indices

FTSE100

1.5

1.3

S&P500

0.75

0.6

Dow Jones

Nasdaq

2.4

1.5

CAC40

1.5

DAX30

1.5

Nikkei 225

15.0

Euro Stoxx 50

2.3

Fees on Cryptocurrencies

Bitcoin

1,00%

Ethereum

1,00%

1.2

Ripple

1,00%

60.0

Litecoin

1,00%

0.5

Bitcoin Cash

1,00%

2.0

Dash

1,00%

Monero

1,00%

Neo

1,00%

Platforms

cTrader Desktop

cTrader Web

Mirror Trader

ZuluTrade ?

MT4 Dekstop

MT4 Web

MT5 Desktop

MT5 Web

Proprietary Desktop Platform

Proprietary Web Platform

MAC Platforms

Sirix

Mobile Trading

Android ?

iOS ?

Windows ?

Trading Signals on Mobile ?

Smart Watch App ?

Forex Trading ?

CFD Trading ?

Alerts ?

Chartings-Drawing Tools ?

Mobile Available Language ?

en, de, es, fr, it

en, ar, chi

Watchlist Mobile ?

Available Markets

Forex Pairs ?

Crypto ?

Commodities ?

Stocks ?

957

220

Indices ?

ETF ?

145

Futures ?

Options ?

Bonds ?

Metal ?

Agricultural ?

Energies ?

Interest Rates ?

Penny Stocks ?

IPO ?

Blends ?

Dow Jones ?

FTSE ?

Dax ?

Nikkei ?

Gold Market ?

Bitcoin ?

Real Assets ?

Crypto, ETF, Stocks

Trading Execution

Direct Market Access (DMA) ?

Straigh Through Processing (STP) ?

Electronic Communication Network (ECN) ?

Market Maker ?

Non Dealing Desk (NDD) ?

FIFO Applies? ?

4 Digits Decimal Pricing ?

5 Digits Decimal Pricing ?

Risk Management

Stop Losses ?

Take Profits ?

Limit Orders ?

Trailing Stop ?

Margin Call ?

OCO Orders ?

Guaranteed Stop Loss ?

Negative Balance Protection ?

Minimum Trade Size ?

10$

0.01 lots

Maximum Trade Size ?

20% of the equity

100 lots

Special Trading Conditions

MAM ?

PAMM ?

Social Trading ?

Copy Trading ?

LAMM ?

Available Trading Techniques

Scalping ?

Hedging ?

Spread Betting ?

Expert Advisor (EA) ?

Virtual Private Server ?

API ?

Trading Tools

One-Click Trading ?

Signal Trading ?

Price Alerts ?

Number Chart Indicators ?

139

Number Chart Drawing Tools ?

Trade Directly From Chart ?

Watchlist ?

Education

Education Center ?

Webinars

Platform Tutorial Video ?

Video on Trading for Beginners ?

Video on Trading for Experts ?

Tutorial Guide

Glossary

Customer Support

Call Back Request ?

Email Support

Phone Support

Live Chat

Support Language Available

en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it

en, chi

Research

Professional Reports

Social Trading Features - Social Feeds ?

Economic Calendar

Daily Email With Trading Ideas

Analysis From Trading Central (Recognia)

Analysis From Delkos Research

AutoChartist

Traders Sentiment ?

News via Twitter

News via FaceBook

Daily Market Commentary

eToro vs Forex.com: A Comprehensive Comparison Summary

Security

eToro is regulated by CySEC, ASIC, and FCA. It is also registered in the USA with FinCEN, making it eligible for US traders. eToro has a security rating of 95. On the other hand, Forex.com is regulated by multiple authorities, including CySEC, FCA, ASIC, JFSA, MAS, HKSFC, CIMA, IIROC, NFA, and CFTC. Forex.com also holds regulatory licenses that allow it to operate in various countries, including the USA. Forex.com has a security rating of 95.

Winner: Tie

Demo Accounts

eToro offers a demo account with unlimited duration and virtual funds of $100,000. The virtual funds on the eToro demo account can be restored by contacting customer support. Forex.com provides a demo account with a duration of 30 days and virtual funds of $10,000. The virtual funds on the Forex.com demo account can also be restored by contacting customer support.

Winner: eToro

Account Opening

The minimum deposit for eToro is $50 depending on the country. eToro offers account currency in USD only, which may not be ideal if you deposit in currencies different from the US Dollar. Payment methods accepted by eToro include wire transfers, credit/debit cards, and eWallets. They offer various account options, including Standard account, Islamic account, Corporate account, and Professional account for advanced traders.

On the other hand, Forex.com has a minimum deposit requirement of $100. They offer account currencies in USD, EUR, and GBP, but depositing with currencies other than these may incur currency conversion fees. Payment methods accepted by Forex.com include wire transfers, credit/debit cards, and eWallets (PayPal only). Forex.com offers a wide range of account types, including Standard account, MT4 and MT5 account, commission account, corporate account, DMA account, STP Pro account, Islamic account, and Professional account for advanced traders.

Winner: eToro

Social-Copy Trading

eToro excels in offering copy and social trading services. They provide a copy-social trading service through their proprietary platform, allowing users to replicate the trades of successful traders. On the other hand, Forex.com does not offer social-copy trading.

Winner: eToro

Markets

eToro offers a wide range of markets, including forex (49), commodities (35), indices (20), crypto assets (174), stocks (1050+), ETFs (290+), and futures and options (4). They offer crypto, stocks, and ETFs both as CFDs and as real assets, making it suitable for both long-term investments and short-term trading. In contrast, Forex.com offers a diverse range of markets, including forex (80), commodities (12), indices (18), crypto assets (80), stocks (220+), ETFs (0), and futures and options (1). Forex.com is primarily a CFD trading broker, making it more suitable for short-term trading and price speculation rather than long-term investing.

Winner: eToro

Trading Fees

eToro has variable spreads starting from 1 pip on forex, which is slightly above the market average. They offer zero-commission real stocks and ETFs for CySEC, FCA, and ASIC traders, with the ability to start investing with just $10. Forex.com has variable spreads, starting from 0.2 pips on forex, which is lower than the market average. However, the spreads may be higher depending on the trader’s country (e.g., starting from 0.7 pips in Europe).

Winner: Forex.com

Platforms

eToro provides a user-friendly proprietary platform accessible via web and mobile devices. Their platform is specialized in copy and social trading. Forex.com offers a proprietary platform available on web and mobile devices, which is also user-friendly. Additionally, they provide MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available on desktop, webtrader, and mobile devices.

Winner: Tie

Education/Customer Care

eToro offers high-quality educational materials, including blog articles, fintech guides, trading videos, webinars, and seminars. Their customer care is easy to contact via email and live chat. Forex.com provides detailed guides, tutorials, and technical analysis courses as part of their educational materials. They offer customer care support via email, phone, and live chat, with English and Chinese language support.

Winner: Tie

Conclusion

In conclusion, eToro and Forex.com have their respective strengths and weaknesses. eToro excels in demo account availability, account opening, social-copy trading, market variety, and low stock commissions. Forex.com stands out in terms of lower minimum deposit requirements and lower spreads on forex. Individual preferences and specific trading needs should be considered before making a final decision.

Winner: eToro