eToro vs Forex.com, Who's The Best?
Read our In-Depth eToro vs Forex.com Review - Updated for 2024
This comprehensive analysis of eToro and Forex.com has been updated to reflect any changes for 2024 by knowledgeable insiders with significant expertise across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of eToro vs Forex.com does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
Forex.com Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs Forex.com
Each platforms for online trading has some ups and downs, and a complete eToro and Forex.com review cannnot be complete without adopting a balanced approach.
Examine Forex.com and eToro in order to understand how these platforms stack up against one another before you decide to open an account. Conducting a comprehensive comparison helps to place factors into perspective in order that you remain informed about the expectations.
So you are looking for an online trading platform and are choosing between eToro or Forex.com. Who should you choose?
Our eToro vs Forex.com comparison contains the most recent information so you can easily compare Forex.com against eToro.
If you're a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You'll get proficient at all of the concepts of broker as you keep trading. For starters, you need to select the right agent who'll be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. eToro and Forex.com are two such trading platforms which will take you and your investment to great heights. It's crucial to compare eToro vs Forex.com until you trust them with your cash.
Our eToro vs Forex.com comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and Forex.com side by side.
Our entire eToro vs Forex.com Review covers all you need to know about trading with either eToro or Forex.com. A good broker can multiply your initial investments and provide you favorable profits. If you want to make profits, you should trade with a broker service that contrasts with your investing goals.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully assess your broker before you choose them. It's a common misconception that all agents will be the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
eToro and Forex.com are both brokers which have forged their way successfully to the brokerage world. In this review, we have attempted to collate some of the important facets of both eToro and Forex.com. This review will allow you to know whether either Forex.com or eToro is a good match for your investments or not. We've attempted to breakdown all the features and charges for your advantage.
Benefits of eToro and Forex.com Compared
eToro has a minimum deposit of $50 while Forex.com has a $Typical minimum deposit.
Why smaller minimum deposits are good and how eToro and Forex.com compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro has around 100 financial instruments while Forex.com allows you to trade around 100 on their platform.
The more financial instruments you can trade on the eToro and Forex.com platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of eToro or Forex.com.
eToro and Forex.com Contact Details
Being able to contact your broker easily is vital. eToro and Forex.com have the following contact details and social medias that you can use.
Broker | eToro | Forex.com |
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Telephone Number |  +1 908 731 0700 | |
support@etoro.com | support@forex.com | |
Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | 135 US Highway 202/206, Suite 11, Bedminster, NJ 07921 |
eToro Twitter Account | Forex.com Twitter Account | |
eToro Facebook Page | Forex.com Facebook Page | |
eToro Instagram Account | Forex.com Instagram Account | |
eToro LinkedIn Page | Forex.com LinkedIn Page | |
YouTube | eToro YouTube Channel | Forex.com YouTube Channel |
Find Out More |
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Forex.com and eToro Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of eToro and Forex.com we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
eToro vs Forex.com - Awards
Broker | eToro | Forex.com |
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Awards |
eToro have won several industry awards over the years they have been running as an online broker. We detail the most notable awards for eToro below.
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At the time of writing this Forex.com review, and despite Forex.com’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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eToro vs Forex.com - Frequently Asked Questions
eToro vs Forex.com - Headquarters And Year Of Founding
eToro was founded in 2007 and has its headquaters in Cyprus, UK.
Forex.com was founded in 2001 and has its headquaters in United States.
What is the minimum deposit for Forex.com or eToro
The minimum deposit for eToro is $50.
The minimum deposit for Forex.com is $Typical.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and Forex.com are a good option.
eToro vs Forex.com - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Forex.com is regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA).
Both eToro and Forex.com have a strong collection of rules for ensuring fair trading onto their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their own privacy policies, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare eToro vs Forex.com Commission And Fees
eToro and Forex.com are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. In other words, an internet broker is not necessarily influenced by the amount of customers they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly three types of fees for this objective.
The first kind of fees to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In such instances, you are spending a spread, financing speed, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling price. Financing or overnight rates are people that are billed when you maintain a leveraged position for longer than a day.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake on your account. They're charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither eToro or Forex.com charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees charged by eToro and Forex.com are comparatively competitive. As a result, you're charged more for non-trading actions on your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of resources.
This eToro vs Forex.com review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For eToro And Forex.com
What Languages Do eToro And Forex.com Support?
Being able to communicate completely with your online platform is a key way of comparing brokers to find the best broker. Not only for support but to be sure you understand everything on their website and inside their application as it is a key part of success when trading online.
Here you will find the languages that both eToro and Forex.com offer communication in.
How Many Clients Do eToro and Forex.com Have?
Both eToro and Forex.com are well established with their customer base. It is important to work with an online broker you can trust and one of the easiest ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many customers eToro and Forex.com have
What Payment Methods Do eToro and Forex.com Accept?
eToro and Forex.com both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and Forex.com
What Can You Trade With eToro and Forex.com?
eToro offers 100 trading instruments while Forex.com offers 4500.
Below you will find a full breakdown of what both eToro and Forex.com offer.
eToro Review
eToro vs Forex.com:
Table Of Contents
- Compare eToro vs Forex.com
- Benefits of eToro and Forex.com Compared
- Forex.com and eToro Mobile App Comparison
- eToro vs Forex.com - Awards
- eToro vs Forex.com - Frequently Asked Questions
- What is the minimum deposit for Forex.com or eToro
- eToro vs Forex.com - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And Forex.com
- What Languages Do eToro And Forex.com Support?
- How Many Clients Do eToro and Forex.com Have?
- What Payment Methods Do eToro and Forex.com Accept?
- What Can You Trade With eToro and Forex.com?