eToro vs FOREX.com Comparison

eToro vs FOREX.com Comparison

eToro vs FOREX.com Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, ASIC, CySEC
$50MT4, Advanced Trading Platform & Apps, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA

eToro and FOREX.com Comparison

eToro is a social investment network. It integrates social trading with other charting tools and other analysis. So the trader can gather information themselves and inform their trading with the views and activities of other traders on the network. To automate this process, eToro allows copy trading, where the trades of other traders are copied into their account.

FOREX.com offers MT4 and also VPS hosting, so the trader can automate strategies and have them run 24/6. However it also enables another feature of MT4, which is copy trading. It additionally offers its Advanced Trading Platform and a web trader, which provide functionality for discretionary trading.

eToro has more markets than FOREX.com and both offer a range of Cryptocurrencies. However when bought, the trader owns the Cryptocurrency (and Stock and ETF) at eToro FCA and CySEC regulated. At FOREX.com these markets are offered as CFDs. This means that the trader does not own the market, rather speculates on its price movement.

Both are regulated by the FCA in the United Kingdom and the ASIC in Australia. eToro is additionally regulated by the CySEC in Cyprus. FOREX.com is additionally regulated by the SFC in Hong Kong, the CFTC in the United States, the CIMA in the Cayman Islands and the FSA in Japan.

Quick comparison

eToro offers tools based around its network of traders, providing social trading and copy trading. It supports discretionary and copy trading. By providing MT4, FOREX.com also allows copy trading and supports automated trading with robots (EAs). FOREX.com also offers other platforms, aimed at discretionary trading.

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for FOREX.com is $/€/£50.

  • 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.
  • FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website.

Markets

  • eToro offers Forex, Indices, Metals, Energy, Cryptocurrencies, Stocks, Soft Commodities, ETFs and Bonds, with 1000+ available.
  • FOREX.com offers Forex, Indices, Metals, Energy, Cryptocurrencies, Stocks and Soft Commodities, with 300+ available.

Cryptocurrencies

  • eToro offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, NEO, IOTA, EOS, Cardano, Stellar, Ethereum Classic, TRON, Zcash, Tezos and Binance Coin.
  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash CFDs.

Spreads and leverage

eToro offers Forex spreads from 3 (typical). Forex.com provides Forex spreads from 0.8 (variable).

The maximum leverage for eToro (FCA or CySEC regulated) is . The maximum leverage for FOREX.com (FCA regulated) is .

Online trading platforms

eToro offers a web trader and apps on tablet and mobile. FOREX.com offers the Advanced Trading Platform, a web trader, MT4, an MT4 web trader and apps.

Why eToro or FOREX.com ?

Traders who want to trade with social and copy trading tools on a user friendly platform may do so at eToro. Traders who want to trade on a user friendly platform may so so at FOREX.com, which also offers its Advanced Trading Platform which lets the trader build and use charting signals. However, while it offers less markets to trade than eToro (300+ vs 1000+), FOREX.com supports automated trading with robots (EAs) on MT4.

Comparison summary

  • Both brokers provide CFD trading
  • At CySEC and FCA regulated eToro, the trader can buy real Stocks and other markets to own
  • Both brokers offer user friendly web traders
  • FOREX.com additionally provides MT4 and its Advanced Trading Platform
  • FOREX.com supports trading with robots (EAs)
  • On its Advanced Trading Platform, FOREX.com has programmable charting signals
  • eToro has social and copy trading on its platform

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