eToro
fx open
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Overview
eToro was founded in 2007 and is headquartered in Cyprus, UK, while fx open was established in 2019 and is based in Puerto Rico. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. eToro serves 20,000,000+ clients worldwide; fx open has 60,000+. The minimum deposit is $50 at eToro and $250 at fx open.
eToro
fx open
| Feature | eToro | fx open |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F238 |
| Founded | 2007 | 2019 |
| Country | Cyprus, UK | Puerto Rico |
| Clients | 20,000,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between eToro and fx open, directly affecting your bottom line as a trader. fx open has a lower barrier to entry with a minimum deposit of $250 (vs $50 at eToro). eToro charges withdrawal fees while fx open does not, a notable advantage for frequent withdrawers. eToro applies inactivity fees on dormant accounts; fx open does not. Overall, eToro scores higher on fees in our assessment.
| Feature | eToro | fx open |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
eToro offers MT4, MT5, cTrader, a proprietary platform, while fx open supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. eToro supports social and copy trading features, which fx open does not offer. eToro edges ahead on platform breadth and functionality in our scoring.
| Feature | eToro | fx open |
|---|---|---|
| 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, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eToro and fx open 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 | fx open |
|---|---|---|
| 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 fx open supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | eToro | fx open |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both eToro and fx open offer live chat support. Both provide phone support. Email support is available at both brokers. eToro supports 5 languages and fx open supports 8, giving fx open broader global reach. Both brokers are comparable on support quality.
| Feature | eToro | fx open |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Spanish, French, and Italian | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |