eToro vs FXORO - Fees Review included
Which broker is better eToro or FXORO? Our expert assessment conducted according to TU’s own methodology showed that eToro is one of the top brokers in the financial market with the TU Overall Score of 7.18 out of 10. FXORO is one of the top brokers in the financial market with the TU Overall Score of 5.69 out of 10. Find out more about TU Overall Score.
| Feature | eToro | FXORO |
|---|---|---|
Overall |
4.8 |
3.9 |
5.0 |
4.1 |
|
4.7 |
3.8 |
|
4.9 |
3.7 |
|
Investment Instruments |
5.0 |
1 |
Platforms and Charting Tools |
4.1 |
3.9 |
Deposit and Withdrawal |
4.5 |
4.1 |
Research |
5 |
3.9 |
Education |
4.3 |
4.9 |
Support |
4.2 |
4.2 |
Bonuses |
1 |
2.1 |
|
|
|
eToro vs FXORO: Pros and Cons
The eToro broker is a very popular online platform for trading. Founded in 2007, the company operates as a social trading website that works with traders in dozens of countries.
FXORO was founded in 2012. FXORO is a brand name owned by MCA Intelifunds LTD. It is a financial firm established under the jurisdiction of the Republic of Cyprus. It is authorized and registered by the CySec with registration number 126/10. FXORO gives access to trading CFD's on various products, such as Forex, Indices, Shares, Commodities, and Cryptocurrencies. The company offers excellent trading services yet paying great attention to customer safety.
| eToro | FXORO | |
|---|---|---|
| Overall Pros | Mobile app for trading from smartphones | Advanced education section |
| Highly licensed and regulated broker | Trading central signals | |
| eToro charges a fixed withdrawal fee of $5 USD | ||
| The traders have access to the following trading offers: a copy trading service and ready-made portfolios with semi-automatic diversification | ||
| The funds of eToro clients are held at the licensed US banks | ||
| Overall Cons | Customer support can be only contacted by tickets |
eToro vs FXORO: Safety and Regulation
| eToro | FXORO | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 |
€20,000 |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
eToro vs FXORO: Trading Conditions
| Trading Conditions | eToro | FXORO |
|---|---|---|
Minimum Deposit |
$50 |
$200 |
Trading Platforms |
eToro |
MT4, Mobile Apps |
Max Leverage (Futures) |
1:30 |
Up to 30:1 for retail clients and up to 400:1 for professional clients |
Supported Markets |
Forex, Stocks, Indices, Commodities, Crypto |
Forex, Precious Metals, Commodities, Indices and Share based CFDs |
Trading assets |
1000+ |
200+ |
Trading Accounts |
Standard, Demo |
Fix, Floating, ECN |
Base Account Currencies |
USD |
USD, EUR, GBP, CHF |
eToro vs FXORO: Fees
| eToro | FXORO | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,3 |
0,12 |
Standard acc. spread EUR/USD, max pips |
1,1 |
0,6 |
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
5 |
No |
Inactivity fee, $ |
10 |
25 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
eToro vs FXORO: Trading Assets
| Asset Name | eToro | FXORO |
|---|---|---|
Overall |
1000+ |
|
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
Yes |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
eToro or FXORO: Investment Programs
| Asset Name | eToro | FXORO |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: FXORO or eToro
| eToro | FXORO | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
eToro |
No |
Others |
No |
No |
|
|
|
eToro vs FXORO: Deposit and Withdrawal Methods
| eToro | FXORO | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
eToro vs FXORO: Research
| Research Type | eToro | FXORO |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
No |
eToro vs FXORO: Education
| Education Type | eToro | FXORO |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Webinars |
No |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
No |
Cent account |
No |
No |
FXORO vs eToro: Support
| Support Features | eToro | FXORO |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Fax |
eToro vs FXORO: Forex Bonuses and Promo
| Promo | eToro | FXORO |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
$100-250 per trader |
Yes, you will get a dynamic CPA of up to $1,000 |
Other Promos |
No |
No |
|
|
|
Top 5 Reviews on FXORO
-
Comment
FXORO offers leverage up to 1:400 for professional accounts and up to 1:30 for standard accounts, which is quite typical for a regulated European broker. I’d highlight their customer support — operators are available on weekdays via LiveChat, tickets, phone, and email. There are no bonuses or copy trading options, but the minimum trade size is just 0.01 lot. As for payments, they support Visa, MasterCard, Neteller, Skrill, and bank transfers, with the first three withdrawals each month being commission-free. Overall, FXORO gives a sense of transparency, though it lacks advanced services for investors.
-
-
Comment
I've been trading with FXORO for a few months now, and overall, the experience is average. The minimum deposit is $100, which isn’t exactly low for beginners. On the plus side, there are three real account types available (Fixed, Floating, ECN), and you can trade via MT4. Spreads on EUR/USD can start from 0.1 pips, though conditions are significantly better on ECN and pro accounts. As for the downsides, there are no active investment programs, and the portfolio includes only CFD instruments. FXORO isn’t the best choice if you’re looking for asset variety, but it works well for forex and basic CFDs.
-
-
Comment
Professional broker, fast withdrawals. They use MT4 so this is very good for me. I recommend!
Top 5 Reviews on eToro
-
Comment
I’ve been familiar with the broker eToro for over a year, looking for a platform with extensive features for copy trading and the ability to buy stocks in small lots. The minimum deposit is $50, which is affordable, but spreads start at 1.0 pip — not the lowest in the market. I liked that the broker is regulated by CySEC and FCA, and has over 20 million clients worldwide. During this time, I tried buying fractional shares and investing in cryptocurrencies — the platform makes this quite convenient, although the website can be slow at times. I consider eToro more of a universal platform for passive investing than for frequent trading.
-
Comment
The broker offers only one account currency — USD. It supports trading across a wide range of assets, including currencies, stock indices, commodities, and cryptocurrencies. Deposits can be made via cards, Skrill, PayPal, and even YooMoney. Some nuances include a withdrawal fee, an STP model without ECN, and a lack of advanced analytical tools on the website. Despite these aspects, eToro consistently maintains its position in international rankings.
-
Comment
eToro is suitable for investors who want to copy successful traders. It offers the Popular Investor feature, where you can earn up to 2% of the copied volume. The platform is fully web-based and mobile-friendly, with a low entry threshold. The downside is the high spreads and a limit of 100 copiers per lead trader. There’s also no option to use expert advisors or algorithms.
-
Comment
I opened an account on eToro with the minimum deposit of $50, and the platform's interface turned out to be convenient, especially in terms of copy trading. The minimum amount for copy trading is only $1, which makes it easy to start. The available instruments include stocks, currencies, commodities, and cryptocurrencies. On the downside, there is no MT4/MT5, and withdrawals cost $5. Also, the number of followers is limited — a maximum of 100 traders can copy one.
-
Comment
Been using eToro for full year and here is my impartial review of the broker: Most compatible for trading stocks with its zero-fee structure for securities, but charges high for crypto + high spread for forex Order fulfillment is fast and glitches rarely happen. If they do, their customer service agent will promptly reach out to explain the issue and find a common ground to solve it Great for portfolio diversification with the availability of thousands of tradable assets Simple trading terminal with a number of good features e.g. copy trading, social trading, etc No deposit fee + $5 fee for withdrawals (regardless of the amount) Has a lot of ancillary charges such as inactivity fee, currency conversion fee, and overnight fee
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
"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"
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.