FXChoice vs eToro USA

FXChoice vs eToro USA Comparison Table 2024
FXChoice eToro USA
FXChoice has closed.
4.1

eToro USA is #4 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

FXChoice is a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offers a wide selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stands out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. New users can also claim a welcome bonus upon sign-up.

eToro is a social investing platform that offers short-term and long-term trading on 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, eToro is still one of the most respected brands in the industry. 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.
Customer Reviews
5
Bonus Offer
50% or 65% Welcome Deposit Bonus Invest $100 and get $10
Comment by Reviewer
"We recommend FXChoice for active traders with high leverage up to 1:1000, spreads from 0.0 pips and a five-tier loyalty program with fee rebates." "eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."
Pros
  • Tight spreads starting from 0.0 pips
  • Bitcoin deposits and withdrawals
  • GPS robot 100k EA download
  • Hedging and scalping allowed
  • MT4 and MT5 downloads
  • Commission-free trading
  • FIFO rule not applicable
  • Cryptocurrency trading
  • Social trading solution
  • Pips+ loyalty scheme
  • VPS available
  • 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 day traders can try the broker risk-free
  • The broker's Academy offers comprehensive learning materials for beginners to advanced-level investors
  • Investors can access Smart Portfolios for a more hands-off approach, covering a range of sectors and markets such as renewable energy and artificial intelligence
Cons
  • Limited selection of commodities
  • Weak regulatory oversight
  • There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs and cryptos
  • There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
  • The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools
  • Average fees may cut into the profit margins of day traders
Awards
  • Exceptional Customer Service 2019 - 2021 - LiveHelpNow
Instruments
CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares Stocks, Options, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
$100 $10
Trading Platforms
  • MT4
  • MT5
  • eToro Trading Platform & CopyTrader
Payment Methods
Minimum Trade
0.01 Lots $10
Regulator
FSC SEC, FINRA
Margin Trading
Yes Yes
Margin Rate
8.33%
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
Yes No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
App Review

MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders.

Android App Rating
4
iOS App Rating
4.3
Auto Trading
Expert Advisors (EAs) on MetaTrader No
Copy Trading
Yes Yes
Copy Trading Platform
FXChoice has partnered with Myfxbook AutoTrade to offer copy trading to all account holders. You can find and follow the strategies of multiple traders with straightforward account management. MQL5 signals can also be used to inform buy or sell decisions. You can mirror the positions and strategies of up to 100 other traders with the market-leading eToro US copy trading service. Unlike many competitors, eToro gives you more control over your portfolio, allowing you to stop or pause a copied trade at any time. Pricing is also fairly competitive, with only $1 required to copy a position. eToro copy trading is for crypto only.
Social Trading
Yes Yes
Trade Signals
Yes - MQL5 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
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • USD
Stock Exchanges
Commodities
CFD Trading
FXChoice offers highly leveraged CFD products on a breadth of financial markets, including shares, indices, commodities and crypto. FXChoice provides more supporting tools than many alternatives, including signals, auto trading, a VPS, and a research center. CFD trading not offered
Leverage
1:200
FTSE Spread
From $18.53
GBPUSD Spread
From $8
Oil Spread
From $40
Stocks Spread
Variable $0
Forex Trading
Trade 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit. Forex trading not offered
Forex App

MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders.

GBPUSD Spread
From $8
EURUSD Spread
From $5
EURGBP Spread
From $6.95
Assets
36
Cryptocurrency
FXChoice offers trading on leading crypto cross pairs with the US Dollar. The selection of digital assets is narrow but spreads are tight starting at 0.15. eToro US offers 24 tradeable cryptoassets, with just a 1% buying/selling fee added to the spread. Additionally, there are 80 different coins available through the broker’s proprietary wallet service. You can also practice your crypto strategies easily by switching between live and demo mode. Crypto asset investing is highly volatile and unregulated. No consumer protection. Tax on profits may apply.
Spread
0.11 - 3.0 pips BTC 0.75%
Coins
  • BTC
  • LTC
  • ETH
  • 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
Yes No
FXChoice has closed.
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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