Ellevest vs Forex.com

Ellevest vs Forex.com Comparison Table 2023
Ellevest Review 2023 Forex.com Review 2023
2.9

Ellevest is #36 in our broker rankings.

4.5

Forex.com is #1 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Ellevest is a female-led financial services firm, authorized by the SEC and FINRA. The company specializes in online investing and wealth creation with 3+ million clients and $1.5 billion in assets under management (AUM). There is no minimum deposit with bespoke investment plans spanning 21 asset classes.

Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.

Bonus Offer
Active Trader Program With A 15% Reduction In Costs
Comment by Reviewer
"Ellevest is an investment solution designed for women with robo-advisors, financial education and investment planning. The flat-fee, tiered subscription model will appeal to a range of investors." "Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score."
Pros
  • Trustworthy brand authorized by tier-one regulators; SEC and FINRA
  • Two portfolio options with flat-fee pricing and a focus on ESG initiatives
  • Educational content, financial advice and market insights available
  • Female-led firm designed and created for women
  • No minimum deposit requirement for beginners
  • Ellevest Mastercard World debit card
  • Free deposits and withdrawals
  • Respected and trusted broker overseen by tier-one regulators including the US SEC
  • Excellent trading tools including Trading Central, SMART Signals and MetaTrader 4
  • Industry-leading pricing on popular forex assets starting from 0.0 pips
  • Beginner-friendly web platform and mobile app
  • Up to 15% cashback rebates for active traders
  • Fast execution speed of less than 1 second
  • Free demo account for prospective traders
  • VPS hosting for automated strategies
  • Top-rated forex and CFD broker
  • Low minimum deposit of $100
Cons
  • No mobile app for Private Wealth Management services
  • Investments limited to mutual funds and ETFs
  • Limited customer support options
  • Only available in the US
  • No tax-loss harvesting
  • Investment offering varies between countries
  • $15 monthly inactivity fee
  • No copy trading platform
Awards
  • NerdWallet’s 2021 winner for the Best Robo-Advisor for IRA investing
  • Best CFD Broker 2022 - Rankia
  • Best HNW Service 2022 - Dubai Forex Expo
  • Best US Broker 2020 - DayTrading.com
  • Best US Broker 2019 - DayTrading.com
  • Runner-Up - Best Forex Broker 2019 - DayTrading.com
Instruments
Stocks, ETFs Forex, Spot Metals
Demo Account
No Yes
Minimum Deposit
$0 $100
Trading Platforms
  • Own
  • MT4
  • MT5
  • TradingView
  • eSignal
  • AutoChartist
  • TradingCentral
Payment Methods
Debit Card, ACH Transfer, Wire Transfer
Minimum Trade
$0 0.01 Lots
Regulator
SEC, FINRA NFA, CFTC
Margin Trading
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes Yes
Robo Advisor
Yes No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
SMART Signals
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$15
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Stock Exchanges
Commodities
Forex Trading
Forex trading not offered Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k.
Forex App

Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.

GBPUSD Spread
1.0
EURUSD Spread
1.0
EURGBP Spread
1.0
Assets
80+
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