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

eToro provides support for social and copy trading on its platform, to allow the trader to inform their trading with the views of other traders and copy their trades if they wish.

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 EA 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 Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). 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, Metals, Bonds, Stocks and ETFs, with 1000+ available.
  • FXOpen offers Forex, Indices, Cryptocurrencies, Energy and Metals, with 65+ available.

Cryptocurrencies

  • eToro offers Bitcoin, Ethereum, Litecoin, Ethereum Classic, Ripple, Bitcoin Cash, Dash, NEO, IOTA, EOS, Cardano, Stellar, TRON, Zcash, Tezos 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 provides Forex spreads from 3 (typical). FXOpen can offer Forex spreads from 0 plus a commission charge.

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.

Online trading platforms

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

Why eToro or FXOpen ?

Traders who want to trade on MetaTrader 4 (MT4) at an ECN broker and use Expert Advisors (EAs) if they wish, may do so at FXOpen. Traders who want to trade on a user friendly platform with social and copy trading tools can do so at eToro. eToro offers considerably more markets to trade than FXOpen, howver FXOpen provides a competitive number for an ECN broker. At FCA and CySEC regulated eToro, traders may buy real Cryptocurrencies and Stocks to own (versus trading CFDs).

Comparison summary

  • Both brokers provide CFD trading
  • FCA and CyEC regulated eToro offers real Stocks, ETFs and Cryptos to own
  • eToro provides a user friendly platform
  • FXOpen offers MT4
  • eToro provides social and copy trading on its platform
  • FXOpen is an ECN broker and supports trading with EA robots

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