eToro vs Forex.com Forex Broker Comparison
A head-to-head comparison of eToro and Forex.com across regulation, trading costs, platforms, and editorial scoring.
Best-in-class social and copy trading on a clean proprietary web/mobile platform. FCA / CySEC / ASIC regulated.
VS
One of very few brokers accepting US retail forex clients, with deep research tools and competitive raw spreads for professional accounts.
Our Verdict
Too close to call
eToro and Forex.com are extremely closely matched with scores of 4.2/5 and 4.2/5. The right choice depends on your individual trading priorities.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It's a tie
Both equally suited
Both brokers offer spreads from 1 pips.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for platform choice
Recommended
Forex.com offers more exclusive platform options: MetaTrader 4, MetaTrader 5, a proprietary platform.
Best for beginners
Recommended
Both brokers share the same editorial score of 4.2/5, but eToro requires a lower minimum deposit ($50 vs $100 for Forex.com), making it more accessible for new traders.
eToro vs Forex.com: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5 | 4.3 / 5 |
Fees & Spreads 30% weight | 3.9 / 5 | 4.2 / 5▲ |
Platforms & Tools 20% weight | 4.4 / 5▲ | 4.1 / 5 |
Customer Support 10% weight | 4.2 / 5▲ | 4.0 / 5 |
| Founded | 2007 | 1999 |
| Headquarters | Tel Aviv, Israel | Bedminster, New Jersey, USA |
| Min deposit | $50 | $100 |
| Spreads from | 1 pips | 1 pips |
| Commission / lot | N/A | $7/lot |
| Max leverage | 30:1 | 50:1 |
| Withdrawal fee | USD 5 per withdrawal | Free |
| Regulators | FCA ASIC AMF CySEC FSRA CMVM Finansinspektionen Finanstilsynet ASF FSC CNB MNB KNF Finanstilsynet HCMC MFSA CMA FSA Seychelles | FCA ASIC CFTC MAS NFA IIROC |
| Platforms | Proprietary Web/Mobile | MetaTrader 4 MetaTrader 5 Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit eToro | Visit Forex.com |
eToro vs Forex.com Forex Broker Pros & Cons
Pros
Social and copy trading leader
Multi-asset (stocks, crypto, FX)
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
Mobile trading app available
Proprietary trading platform available
24/5 live chat support
Multilingual customer support
Pros
One of the few brokers accepting US retail forex clients
Deep research tools including macro analysis
Raw spread account with competitive $7 round-turn commission
MT4, MT5 and proprietary platforms
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Wider FX spreads
Withdrawal fee
No raw spread account option
Inactivity fee applies
No MetaTrader support
Limited charting capabilities
Pricing transparency could be improved
No phone support
Cons
$100 minimum deposit is higher than some peers
US clients restricted to 50:1 leverage on major pairs
Raw account pricing not available in all jurisdictions
Inactivity fee applies
eToro vs Forex.com: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
eToro
criteria wins
5
Forex.com
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | eToro | Forex.com |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Fail | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Fail | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Pass |
eToro vs Forex.com: Frequently Asked Questions
eToro and Forex.com share the same editorial score of 4.2/5. The right choice depends on your priorities: trading costs, platform preference, or regulatory coverage.
Both eToro and Forex.com offer spreads starting from 1 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
eToro has a lower minimum deposit of $50, while Forex.com requires at least $100. This makes eToro more accessible for traders with limited starting capital.
Both eToro and Forex.com hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: eToro has a lower minimum deposit ($50), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
eToro offers maximum leverage of 30:1, while Forex.com offers up to 50:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Forex.com charges $7 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
eToro supports Proprietary Web/Mobile and Forex.com offers MetaTrader 4, MetaTrader 5, Proprietary Web/Mobile; both support Proprietary Web/Mobile; Forex.com exclusively offers MetaTrader 4, MetaTrader 5.
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Score 4.2 / 5
Score 4.2 / 5
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