eToro vs NordFX

eToro vs NordFX Comparison Table 2024
eToro	NordFX
Review 4.1	Review 3.5

eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.	Founded in 2008, NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading to over 1.7 million clients in 190 countries. Traders access markets through the MetaTrader 4 platform and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10 and very high leverage is available up to 1:1000.
Customer Reviews
4 Based on 2 eToro customer reviews	5 Based on 1 NordFX customer reviews
Bonus Offer
	Pro accounts can participate in the 100,000 USD Super Lottery
Comment by Reviewer
"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."	"NordFX's biggest advantages are available to upper-tier account holders, so this is a good option for experienced, higher volume traders looking for ECN, zero-spread trading. That said, the lack of regulation is a notable concern and the broker's market coverage is weak compared to alternatives."
Pros
The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat The broker's services are great for beginners, with commission-free stock trading, a low minimum deposit and an unlimited demo Charts are powered by TradingView and offer strong technical analysis features, including 9 chart types and over 100 indicators There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses eToro has bolstered its investment offering, most recently with new crypto assets, now offering over 90 digital currencies The web platform and mobile app perform better in user reviews and app rankings than top competitors, including AvaTrade Top copy traders can receive annual payments up to 1.5% of assets under copy in the broker's Popular Investor Program Exciting investment portfolios are available covering traditional market trends as well as tech, crypto and more eToro is a world-renowned brand with top-tier global regulation and a 25M+ user community	NordFX continues to offer decent trading terms for seasoned day traders in the Zero ECN account, with a reasonable $500 barrier for entry The broker offers some extra features to enhance the trading experience, including in-depth market analysis and educational resources The straightforward copy trading service will suit beginners or improving traders, with just a $100 minimum deposit to get started There's an impressive 25+ payment methods, including local bank transfers, with zero fees and near-instant processing There’s a good range of day trading tools available, including a VPS, calculators, live signals and an economic calendar The FIX and Pro accounts will serve beginners, with minimum deposits at $10 and $100, respectively
Cons
The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software There are no guaranteed stop loss orders which would be a useful risk management feature for beginners There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital Traders will face currency conversion fees for account denominations other than USD There are limited contact methods aside from the in-platform live chat	Minimum spreads in the Standard account are 2 pips, which is wider than equivalent accounts at many competitors - Vantage, for example, offers minimum quotes from 1.1 pips With only around 100 instruments, NordFX’s market coverage is uncompetitive vs most alternatives The lack of strong regulatory oversight is a major concern as clients will receive limited safeguards
Awards
Best Cryptocurrency Trading Platform 2022 - Finder Education Materials/Program 2022 - Investment Trends Best Copy Trading Platform 2021 - Ultimate Fintech Awards Best Multi-Asset Trading Platform 2021 - Ultimate Fintech Awards Best Stockbroker 2021 - Ultimate Fintech Awards Best Social Trading Platform 2019 - ADVFN International Financial Awards	Best Social Trading Network 2021 - Forex Awards Best Affiliate Program 2021 - Forex Awards Best Customer Support 2021 - Forex Traders Association The Most Transparent Broker 2021 - World Forex Award
Instruments
CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities, Bonds	Forex, CFDs, indices, commodities, cryptos, stocks
Demo Account
Yes	Yes
Minimum Deposit
$50	$10
Trading Platforms
eToro Web CopyTrader TradingCentral	MT4
Payment Methods
Debit Card iDeal Klarna Neteller PayPal Przelewy24 Rapid Transfer Skrill Sofort Swift Trustly Visa Wire Transfer	Credit Card Dragonpay Mastercard Neteller Perfect Money QIWI Skrill Visa WebMoney Wire Transfer
Minimum Trade
$10	$1
Regulator
FCA, ASIC, CySEC, FSA, FSRA, MFSA
Margin Trading
Yes	Yes
Margin Rate
1%
STP Account
Yes	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
App Review
eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.
Android App Rating
4	4.4
iOS App Rating
4.8	4.8
Auto Trading
Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do.	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners.	You can copy the trades of experienced investors using real-time signals. You only pay a fee on winning trades, starting from 10%. New subscribers can also get started with a competitive $100 minimum deposit.
Social Trading
Yes	Yes
Trade Signals
Yes	Yes (via MetaQuotes Software Corp - MT4)
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10
Islamic Account
Yes	No
Account Currencies
USD	USD
Stock Exchanges
Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange Nasdaq Nasdaq Nordic & Baltics National Stock Exchange Of India New York Stock Exchange Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Tokyo Commodity Exchange Taiwan Stock Exchange	Deutsche Boerse Japan Exchange Group Nasdaq New York Stock Exchange
Commodities
Aluminium Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Iron Lead Lithium Livestock Natural Gas Nickel Oil Orange Juice Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat Zinc	Gold Oil Silver
CFD Trading
You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides.	CFDs are available on forex, stocks, indices, metals, oil and cryptos, with support on MT4. Execution speeds are also decent, averaging 0.5 seconds, though there is also a VPS service facilitating 24/7 connectivity for algo strategies.
Leverage
	1:1000
FTSE Spread
1.5	-
GBPUSD Spread
1.9	From 0.1
Oil Spread
0.05	From 0.0
Stocks Spread
0.57 (Apple)	From 0.0
Forex Trading
An above-average selection of 55 currencies are available with reasonable spreads averaging 0.9 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators.	NordFX offers a modest range of 33 major and minor forex pairs. Disappointingly, there are no exotic pairs, though traders do benefit from tight spreads from 0.0 pips and low commissions from 0.0035% per side.
Forex App
eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.
GBPUSD Spread
1.9	From 0.4
EURUSD Spread
0.9	From 0.0
EURGBP Spread
1.3	From 0.2
Assets
55	33
Currency Indices
USD
Cryptocurrency
eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 95+ tokens which is continually being updated. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more	NordFX offers 13 leveraged cryptocurrency CFDs paired with USD, including BTC, DOGE, LINK and ETH. The selection is small, although high leverage up to 1:1000 is available and there’s also a crypto base currency savings account with daily interest payouts.
Spread
BTC 1%	From 1.0
Coins
BTC ETH BCH XRP DASH LTC ETC API3 CRO SKL IMX ADA MIOTA XLM EOS NEO TRX ZEC BNB XTZ DOT MKR COMP LINK UNI YFI DOGE AAVE FIL ALGO ATOM MANA APE LRC ENJ BICO BAT BNT OGN MATIC FLR GALA ALICE CHZ HBAR DYDX SOL THETA FTM GRT 1INCH CRV ANKR OXT REN SNX STORJ ZRX CELO SUSHI QNT BAL FET SHIBxM AMP AXS SGB CTSI ENS UMA LUNC FTT SRM LPT KNC ARB RNDR OP LDO	BTC ETH DSH BAB BSV XRP ZEC EOS ETC LTC OMG
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

Review	Review
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