Traders consistently seek trusted and reliable trading platforms that suit their trading styles and preferences. Etoro and Forex.com are top-tier regulated brokers providing online trading services worldwide. Etoro is known for its social trading and multi-asset platform, regulated in four tier-1 jurisdictions and one tier-4 jurisdictions including CySEC, FCA, Finra, FSA-S, SIPC. On the other hand, Forex.com specializes in online forex trading regulated by six tier-1 jurisdictions including ASIC , FCA , JFSA ,NFA ,IIROC , MAS. While these brokers offer similar services, they each have their own strengths and weaknesses.In this article, I have compared Etoro and Forex.com in terms of trading platforms, Pros, Cons, regulations, tradable assets, fees, customer support, and overall trading experience score. This analysis aims to help you determine which broker better suits your trading style and preferences.
eToro vs Forex.Com: In a Nutshell
What is eToro
eToro is a multi-asset investment company that offers 5000+ trading instruments for clients worldwide. Its headquarters are located in Central Israel. The platform is known for its advanced proprietary social investing and copy-trading platform. eToro is regulated by multiple regulatory authorities including FCA, ASIC, CySEC, FINRA, SEC, and SIPC. etoro is also available on NASDAQ with the FTCV ticker. It has built a huge community comprising over 30 million traders who interact with each other while investors automatically copy the trades of expert traders. Additionally, you can trade real stocks, ETFs, and cryptos with eToro.
Etoro Overview
- Founded In: 2007
- Founder: Yoni Assia, Ronen Assia
- Headquarters: UK
- Minimum Deposit: $50
- Maximum Leverage: 30:1 EU, 50:1 USA
- Regulations: SEC, FINRA, FCA, CySEC, FSA-S, SIPC
- Trading platform: eToro Trading Platforms
- Account Types: Standard, Professional, Corporate
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Giropay, Local Bank Deposits, Local Bank Transfers, Neteller, PayPal, Skrill, UnionPay, WebMoney, Yandex Money
Forex.Com:
Founded in 2001 as part of Gain Capital Holdings, Forex.com is a well-established forex and CFD broker offering online trading services to retail traders worldwide. With over 4,500 trading instruments, including forex, indices, stocks, cryptocurrencies, commodities, gold, and silver, Forex.com is a major player in the industry. It is regulated by top authorities such as the FCA, DFSA, FSCA, FSA (Seychelles), CMA, and CySEC.
The broker provides popular trading platforms and tools like MT4, MT5, WebTrader, MobileTrader, TradingView, Capitalise.ai, Active Trader, VPS, and more. Forex.com is a wholly-owned subsidiary of StoneX, a NASDAQ-listed company with assets exceeding $7.1 billion, offering institutional-grade financial services networks that connect people to global markets.To learn more, you can read our review on Forex.com
Forex.com Overview
- Founded In: 2001
- Founder: Gain Capital
- Headquarters: United States
- Minimum Deposit: $50
- Maximum Leverage: 50:1
- Regulations:FCA, DFSA, FSCA, FSA(Seychelles), CMA, and CySEC
- Trading platform:Mobile App, Web Trader, Meta Trader 5
- Account Types: 2, (Standard, Raw Spread)
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, ACH Payments (echeck)
- US Traders: Accepted
eToro vs Forex.com: Features
eToro
- Trading Instruments:Â Stocks, Indices, ETFs, Currencies, Commodities, Crypto
- Maximum leverage:Â 1:3000
- Minimum Deposit:Â $5
- Account Types:Â Personal (retail) account, professional account, corporate account, and Islamic accountÂ
- Trading Fees:Â Spread starting from 1 pipÂ
- PAMM/ MAM:Â Not available. A dedicated Copy trading Platform is availableÂ
- Scalping:Â Not AllowedÂ
- News Trading:Â Allowed
- EA/ Robot Trading:Â Not Allowed
Forex.com
- Trading Instruments: 4500+Trading instruments including forex, indices, stocks, cryptocurrencies, commodities, gold, and silver
- Maximum Leverage: The maximum leverage of forex.com is 50:1 for US clients, 30:1 for EU Clients, 400:1 for CMA clients, and 200:1 for Global clients.
- Minimum Deposit: $100
- Trading Fees: Starting from 1.2 pips spreads for Standard account or 7$per lot round trip for Raw account
- MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
eToro vs Forex.Com: Pros and Cons
eToro:
- Regulated in numerous jurisdictions including CySEC, FCA, ASIC, FinCEN, MSB, FSA Seychelles, FSC Gibraltar, and FSA Malta.
- Trading over 5,000 forex and CFD assets plus real stocks/ETFs and Cryptocurrencies.
- A large community of social traders
- Trading tools like market sentiments, news feed, Trading Central analysis, etc.
- Investors can copy the trades of expert traders or invest in ‘CopyPortfolios’
- Real Stocks and ETFs are Available
- Negative Balance Protection
- Traders pay withdrawal fees, inactivity fees, and conversion fees.
- You have no other platform choice than the eToro platform.
- You cannot automate your strategies via trading robots.
- No multiple account types; you can only have a retail account or a professional account.
- Margin trading is not available to U.S. users
- No limit orders for stocks.
- Not Available in American Samoa, Guam, Hawaii, Nevada, New York, Puerto Rico and US Virgin Islands
Forex.Com:
- Regulated by NFA, FCA, ASIC, CySEC, IIROC, FSA, CIMA, MAS,
- Top-rated forex and CFD broker in the USA
- Free demo account for prospective traders
- Crypto Trading available on MT5 Trading Platforms
- Offers protection for U.K./E.U. client accounts
- VPS hosting for automated strategies
- Offers MAM account for passive investors
- Low forex fees, no FX commissions
- You can not deposit less than $100
- Maximum leverage is 1:50
- No account protection for U.S. clients
- An inactivity fee applied after 12 months of no account activity
- Non-user-friendly desktop platform
- Cannot buy and sell other securities (like stocks and bonds)
eToro vs Forex.Com: Side-by-Side Comparison
eToro Vs Forex.Com: Our Scores and Ratings
We rated both brokers, eToro and Forex.Com, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
eToro:
Forex.Com:
Final Verdict :
Both eToro and Forex.com are regulated online trading platforms in the industry, offering services to traders and investors. However, there are some differences between them. eToro is a multi-asset and social trading platform, providing over 5000+ trading instruments, including Forex, CFDs, real stocks, and cryptocurrencies. It offers both leverage and non-leverage tradable assets. On the other hand, Forex.com is a forex and CFD broker offering forex, indices, stock, cryptocurrency, commodities, gold, and silver. Both platforms accept US clients.
Our score for eToro is 8.5, and for Forex.com, it is 9.0 (based on our research; a score above 8 is considered safe and trustworthy). If you are seeking a social trading platform where you can copy other successful traders and have a one-stop solution for various types of trading, you may choose eToro. However, if you prefer online forex and CFD brokers, you may choose Forex.com.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
