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Forex.com vs eToro USA

Forex.com vs eToro USA Comparison Table 2023
Forex.com eToro USA
Review
4.5

Forex.com is #1 in our broker rankings.

Review
4.1

eToro USA is #4 in our broker rankings.

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

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 day trading 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.

eToro is a social investing platform that offers stocks, ETFs, options, and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, this brand is highly respected. eToro securities trading is offered by eToro USA Securities, Inc.

https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
Bonus Offer
Active Trader Program With A 15% Reduction In Costs Invest $100 and get $10
Promotions

eToro USA: Get A $10 Bonus When You Deposit $100
Comment by Reviewer
"Forex.com is an excellent broker for active forex traders with over 80 currency pairs, tight spreads, low commissions and powerful charting platforms for day traders. " "eToro is a top pick for traders looking for social investing and copy trading. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer traders."
Pros
  • 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 trading strategies
  • Top-rated forex and CFD broker
  • Low minimum deposit of $100
  • eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC
  • The online broker offers an intuitive social investment network with straightforward copy trading on cryptos
  • The $10 minimum deposit and straightforward account opening process means beginners can get started quickly
  • A free demo account means new users and prospective traders can try the broker risk-free
Cons
  • Investment offering varies between countries
  • $15 monthly inactivity fee
  • No copy trading platform
  • Average fees may cut into the profit margins of day traders
  • Narrower range of instruments than some competitors
  • No MetaTrader 4 platform integration
  • Execution speeds trail the fastest brokers
Awards
  • 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
Forex, Spot Metals Stocks, Options, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
$100 $10
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • eSignal
  • AutoChartist
  • TradingCentral
  • Own
Payment Methods
Debit Card, ACH Transfer, Wire Transfer
Minimum Trade
0.01 Lots $10
Regulator
NFA, CFTC SEC, FINRA
Margin Trading
Yes No
STP Account
Yes No
ECN Account
Yes No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS, Android & Windows
Auto Trading
Expert Advisors (EAs) on MetaTrader Copy multiple traders simultaneously with the flexibility to pause and stop. Crypto only.
Copy Trading
No Yes
Copy Trading Platform
Mirror the positions and strategies of other traders with the eToro US copy trading service. Users can get started in three easy steps - select a trader, enter an amount, and hit copy. Crypto only.
Social Trading
No Yes
Trade Signals
SMART Signals No
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$15 $10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
Stock Exchanges
Commodities
Forex Trading
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 trading not offered
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 NA
EURGBP Spread
1.0
Assets
80+
Cryptocurrency
Crypto trading not offered eToro US leads the way in cryptocurrency trading. 1% fee for buying or selling crypto added to the spread (from 0.75% for BTC), with their own wallet service and the largest number of cryptos to trade in the market. eToro copy trading is only for cryptos. Crypto asset investing is highly volatile and unregulated. No consumer protection. Tax on profits may apply.
Spread
BTC 1.4%, ETH 2% BTC 0.75%
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • BCH
  • DASH
  • LTC
  • ETC
  • MIOTA
  • XLM
  • EOS
  • NEO
  • ZEC
  • XTZ
  • MKR
  • COMP
  • LINK
  • UNI
  • YFI
  • DOGE
  • AAVE
  • ALGO
  • MANA
  • ENJ
  • BAT
  • MATIC
  • FLR
  • SHIBxM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
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