eToro vs Forex.com

If you are reading this article, you’re likely having trouble deciding whether eToro or Forex.com is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this eToro vs Forex.com review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

FeatureeToro (visit site)Forex.com (visit site)
Headquarter:CyprusUnited Kingdom
Regulation :
CySEC, FCA, ASICFCA, IIROC, FSA, ASIC, CFTC, NFA, CIMA
Type of Broker:
Market MakerMarket Maker
U.S. Clients Allowed:
Minimum Deposit:
$50£50 or a currency equivalent
Maximum Leverage:
1:301:50
Commissions / Spreads:
SpreadsBoth, asset dependent
Account 1:
CFDForex.com Account
Account 2:
ProfessionalMT4 Account
Account 3:
DMA Account
Account 4:
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages:
  • imageEnglish
  • image Chinese
  • Other
  • imageEnglish
Support Hours:
24/5Sunday 3pm - Friday 10pm
E-mail Support:
SMS Support:
Chat:
Broker Offers:
*74.00% of retail CFD accounts lose money.

Features and Platforms

eToro primarily caters to social and cryptocurrency traders, while Forex.com provides Forex traders with a competitive trading environment. With more than 13,000,000 traders as of May 2020, 75.0% operate at a loss. eToro remains popular with millennial traders who prefer to follow more established ones with a few clicks from their mobile devices. Forex.com, operational since 2001, became part of publicly listed StoneX in 2020. It is one of the largest MetaTrader brokers per active serves as of April 2019, but traders may also use its proprietary Advanced Trading Platform. 74% of retail traders operate at a loss at Forex.com.

FeatureeToroForex.com
Type of Platform:Proprietary platformMT4, Advanced Trading Platform, webtrader
Platform Languages:
  • imageEnglish
  • image Spanish
  • image Italian
  • image French
  • image German
  • Other
  • imageEnglish
OS Compatibility:
  • imageWindows
  • Mobile
  • Web
  • image iPhone
  • image iPad
  • imageWindows
  • Mobile
  • Web
  • image iPhone
  • image iPad
Trading Signals:
Charting Package:
Market Analysis:
Chart Trading:
Automated Trading:
Scalping:
Hedging:
Mobile Alerts:
Trailing Stops:
Guaranteed Stop Loss:
Guaranteed Limit Orders:
Guaranteed Execution:
One-click Execution:
Interest on Margin:
Web-based Trading:
Mobile Trading:

Available Markets

With only 49 currency pairs at eToro, Forex traders have notably more choices at Forex.com, which maintains 84, making it one of the best ones among all Forex brokers. eToro does provide more overall assets, with more than 2,300. Traders at eToro have 31 commodities and 13 index CFDs, while Forex.com offers 18 and 18, respectively. eToro has a clear edge in cryptocurrencies with 93 versus just eight at Forex.com. Equity traders have a significant advantage at eToro with 2,039, as Forex.com provides a disappointing 69. The 151 ETFs at eToro expand its lead over Forex.com, except for Forex and index CFD trading.

FeatureeToroForex.com
ETFs:
CFDs:
Commodities:
Metals:
Stocks:
Oil:
Gold:
Binary Options:
Indices:

Typical Spreads and Fees

eToro shows a minimum spread of 1.0 pips, creating a costly price structure. It is commission-free but above-average. Forex.com advertises a minimum mark-up of 0.8 pips with an average of 1.1 pips, making it slightly more expensive. It does provide traders with a commission-based direct market access (DMA) account and spreads as low as 0.1 pips for a cost of $6.00 per lot. Active traders can lower it to $2 per lot. It represents one of the best offers available. CFDs at eToro face a 0.09% commission. Swap rates on leveraged overnight positions apply at both, but eToro also charges a $5 withdrawal fee.

Security and Trust

Both brokers maintain a secure and trustworthy trading environment. The UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities & Investments Commission (ASIC) provide regulatory oversight at eToro. In the US, eToro maintains registration with FinCEN as a Money Services Business. Forex.com is a trading name of UK-based Gain Capital, which operates under the oversight of the FCA. Since October 2020, Gain Capital is part of US publicly-listed StoneX. Therefore, Forex.com has sufficient capital reserves. Client deposits at both brokers remain segregated, and select jurisdictions have an investor compensation fund.

eToro vs Forex.com – Verdict

Pure Forex traders will find the trading environment at Forex.com superior, especially active traders who prefer the commission-based DMA account. Forex.com provides more sophisticated trading platforms, a trader-friendly cost structure, and fully supports automated trading solutions with superior technology and VPS hosting. New traders have quality education and valuable research, which adds overall value to the competitive trading environment. Social trading is at the core of eToro, which fails to supports advanced automated trading solutions, relying solely on copy trading. CopyTrader and CopyPortfolios remain popular among millennials, and eToro has more than 13,000,000 traders, making it home to one of the largest networks. The educational tools remain limited, and the research consists of market commentary. eToro relies on the community to deliver tradeable information. It enjoys a leadership position in cryptocurrency trading thanks to its excellent market coverage and tools. Equity traders will benefit from more than 2,000 CFDs.

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