eToro
Forex.com
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Overview
eToro was founded in 2007 and is headquartered in Cyprus, UK, while Forex.com was established in 2001 and is based in United States. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. eToro serves 20,000,000+ clients worldwide; Forex.com has 150,000+. The minimum deposit is $50 at eToro and Typical at Forex.com.
eToro
Forex.com
| Feature | eToro | Forex.com |
|---|---|---|
| Min. Deposit | $50 | Typical |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) |
| Founded | 2007 | 2001 |
| Country | Cyprus, UK | United States |
| Clients | 20,000,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between eToro and Forex.com, directly affecting your bottom line as a trader. eToro has a lower barrier to entry with a minimum deposit of $50 (vs Typical at Forex.com). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Forex.com charges deposit fees; eToro does not. Overall, eToro scores higher on fees in our assessment.
| Feature | eToro | Forex.com |
|---|---|---|
| Min. Deposit | $50 | Typical |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
eToro offers MT4, MT5, cTrader, a proprietary platform, while Forex.com supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. eToro edges ahead on platform breadth and functionality in our scoring.
| Feature | eToro | Forex.com |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | web trader, tablet & mobile apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eToro and Forex.com compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. eToro scores higher overall in education and research.
| Feature | eToro | Forex.com |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. eToro accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Forex.com supports 3 (bank transfer, credit/debit card, PayPal). eToro uniquely supports Skrill and Neteller among the two brokers. eToro scores higher on deposit and withdrawal flexibility.
| Feature | eToro | Forex.com |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both eToro and Forex.com offer live chat support. Both provide phone support. Email support is available at both brokers. eToro supports 5 languages and Forex.com supports 3, giving eToro broader global reach. Both brokers are comparable on support quality.
| Feature | eToro | Forex.com |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Spanish, French, and Italian | English, Chinese, Arabic |