Compare eToro vs FXOpen

Compare eToro vs FXOpen

eToro vs FXOpen Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, ASIC, CySEC
$300MT465+FCA, ASIC, FSRC

eToro and FXOpen Comparison

FXOpen is an ECN broker, which provides an account for Cryptocurrency CFD trading. This different it from eToro, which is not an ECN broker and offers cryptocurrenies to own (not CFDs) when bought. eToro however provides support for trading automation with copy trading available on its platform, along with other social trading tools, to allow the trader to inform their trading with the views of other traders.

FXOpen in an MT4 ECN broker, and as such provide no dealing desk trading along with Equinix NY4 infrastructure, which allows and enables automated trading with robots. Both are FCA regulated in the United Kingdom and the ASIC in Australia. eToro is also regulated by the CySEC in Cyprus. FXOpen is also regulated by the FSRC in Nevis.

Quick comparison

FXOpen is an MT4 broker offering ECN trading, while eToro offers copy trading as well as discretionary/social trading on a web trader and apps.

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for FXOpen is €/$300 or £200.

  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. The minimum trade size is 0.01 lots.
  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.

Markets

  • eToro offers Forex, Indices, Cryptocurrencies, Energy, Bonds, Metals, Stocks and ETFs, with 1000+ available.
  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.

Cryptocurrencies

  • eToro offers Bitcoin, Ethereum, Litecoin, Ethereum Classic, Ripple, Bitcoin Cash, Dash, NEO, IOTA, EOS, Cardano, Stellar, TRON, Zcash and Binance Coin.
  • FXOpen offers Bitcoin, Ethereum, Litecoin, Ethereum Classic, Ripple, Bitcoin Cash, Dash, NEO, IOTA, EOS, Namecoin, Peercoin, Emercoin, OMNI and Monero CFDs.

Spreads and leverage

  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.
  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.

Maximum leverage for eToro is . Maximum leverage for FXOpen (FCA regulated) is .

Commission charge

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.

Platforms

eToro offers a Web Trader and apps on tablet and mobile. FXOpen offers MT4, desktop and apps.

Comparison summary

  • FXOpen is an ECN broker
  • It supports trading automation with robots, with no dealing desk intervention, tight spreads plus a commission charge and MT4
  • eToro provides social trading on its platform
  • eToro supports trading automation with copy trading
  • It also allows thematic investing, with CopyFunds
  • Both have a relatively wide range of cryptocurrencies
  • eToro's cryptos are owned by the trader
  • FXOpen's cryptos are CFDs, and are not owned by the trader
  • Both are FCA regulated

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