General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
eToro vs Forex.com: A Comprehensive Comparison Summary
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.
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.
The minimum deposit for eToro is $200 for most countries, with some exceptions allowing a $50 minimum deposit. 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.
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.
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.
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).
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.
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.
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.