eToro
FXNet
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
eToro was founded in 2007 and is headquartered in Cyprus, UK, while FXNet was established in 2012 and is based in Cyprus. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. eToro serves 20,000,000+ clients worldwide; FXNet has 10,000+. Both brokers share the same minimum deposit of $50.
eToro
FXNet
| Feature | eToro | FXNet |
|---|---|---|
| Min. Deposit | $50 | $50 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2007 | 2012 |
| Country | Cyprus, UK | Cyprus |
| Clients | 20,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between eToro and FXNet, directly affecting your bottom line as a trader. Both require a minimum deposit of $50. eToro charges withdrawal fees while FXNet does not, a notable advantage for frequent withdrawers. eToro applies inactivity fees on dormant accounts; FXNet does not. The two brokers are broadly comparable on fee structure.
| Feature | eToro | FXNet |
|---|---|---|
| Min. Deposit | $50 | $50 |
| 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 FXNet 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 | FXNet |
|---|---|---|
| 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, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eToro and FXNet 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. The two brokers are evenly matched on educational content.
| Feature | eToro | FXNet |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
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 FXNet supports 2 (bank transfer, credit/debit card). eToro uniquely supports PayPal and Skrill and Neteller among the two brokers. eToro scores higher on deposit and withdrawal flexibility.
| Feature | eToro | FXNet |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 FXNet offer live chat support. Both provide phone support. Email support is available at both brokers. eToro supports 5 languages and FXNet supports 2, giving eToro broader global reach. Both brokers are comparable on support quality.
| Feature | eToro | FXNet |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Spanish, French, and Italian | English, and Chinese |