eOption
FXNet
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Overview
eOption was founded in 2008 and is headquartered in USA, while FXNet was established in 2012 and is based in Cyprus. eOption holds licences including Unregulated, while FXNet is regulated by Financial Conduct Authority (FCA) among others. eOption serves 10,000+ clients worldwide; FXNet has 10,000+. The minimum deposit is $500 at eOption and $50 at FXNet.
| Feature | eOption | FXNet |
|---|---|---|
| Min. Deposit | $500 | $50 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2012 |
| Country | USA | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between eOption and FXNet, directly affecting your bottom line as a trader. FXNet has a lower barrier to entry with a minimum deposit of $50 (vs $500 at eOption). eOption charges withdrawal fees while FXNet does not, a notable advantage for frequent withdrawers. eOption charges deposit fees; FXNet does not. Overall, FXNet scores higher on fees in our assessment.
| Feature | eOption | FXNet |
|---|---|---|
| Min. Deposit | $500 | $50 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
eOption offers MT4, MT5, cTrader, while FXNet supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FXNet supports social and copy trading features, which eOption does not offer. The two brokers are closely matched on platform offering.
| Feature | eOption | FXNet |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eOption and FXNet compare. FXNet runs regular live webinars; eOption does not. Both provide video tutorials. FXNet publishes daily market commentary; eOption does not. Both integrate third-party research tools. FXNet maintains an archive of past webinars for on-demand viewing. FXNet scores higher overall in education and research.
| Feature | eOption | FXNet |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. eOption accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while FXNet supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | eOption | FXNet |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both eOption and FXNet offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | eOption | FXNet |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |