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 5.7 out of 10. FXORO is one of the top brokers in the financial market with the TU Overall Score of 4.29 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
| Regulated By: | eToro | FXORO |
|---|---|---|
US Regulation |
Yes (eToro US) |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
Yes |
No |
Other Regulators |
Seychelles FSA |
FSA (Seychelles) |
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
Forex Trading Fees
| Fee | eToro | FXORO |
|---|---|---|
Standard Account EURUSD Average Spread |
1 pip |
2 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$6/€5/£4 per lot |
ECN Account EUR Average Spread |
Not supported |
0.2 pips |
CFD Trading Fees
| Fee | eToro | FXORO |
|---|---|---|
CFD Trading Fee |
Floating spread |
Fixed or floating spread, depends on the account type |
Non-Trading Fees
| Fee | eToro | FXORO |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
Wire Transfer 0-4% depending on the region, Debit/credit card, electronic wallets 0% |
Withdrawal Fee |
$5 |
Debit/credit card USD/ EUR/ GBP/ CHF 5, Wire transfer SEPA min USD/ EUR/ GBP/ CHF 5, max USD/ EUR/ GBP/ CHF 1405 SWIFT $35 fee for 1-700 USD, 5% fee for more than 700 USD, Electronic wallets $5/€/£ ($15/€/£ for Neteller) or 1% fee for more than 500 USD (more than $1500 for Neteller) |
Inactivity Fee |
$10 per month after 12 months of inactivity |
$25 per month after 3 months of inactivity |
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 |
No |
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
| Deposit and Withdrawal Method | eToro | FXORO |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
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
I would like to note FXORO’s good technical support and comprehensive analytical base. For those who know how to use these tools, making money here will be much easier.
-
Comment
At first, I was skeptical about FXORO broker, as I had too many disappointments with my previous company. But it turned out that I can work with this broker. Especially after my first trade brought me a profit of $120. Now I'm thinking of increasing my deposit with FXORO. The first withdrawal went smoothly.
-
Comment
Order execution at FXORO is good. It is quick and accurate, and there are almost never slippages or non-market quotes. Spreads correspond to those stated on the website, and although they are not the tightest, they remain stable. This is important to me because I prefer to avoid surprises. I can recommend FXORO.
-
Comment
It should be noted that FXORO offers quite favorable trading conditions. Spreads are also tempting. I don't want to list all the conditions, but it is not easy for a Forex broker to achieve those. I trade here and I am satisfied.
-
Comment
I can't think of any serious problems when trading with fxoro. I consider this broker reliable in matters of regulation and insurance of client funds. As for trading, anything could happen. There were even a couple of times in three years when trades were canceled due to non-market quotes. To its credit, fxoro canceled not only profitable trades, but also unprofitable ones.
Top 5 Reviews on eToro
-
Comment
Stability in trading is the most important thing that I note in a broker’s operation. There are a lot of scams now, and finding a good broker is now very difficult. The regulator's license is important, but the company's presence on the market is more important. Entrusting the service to someone who has been operating for many years is the best idea. I have decided on eToro.
-
Comment
eToro is the first broker where I am not bothered with requotes. They haven’t occurred in 3 months even at high activity. It is clear that eToro has a thorough approach to work; the equipment is not cheap.
-
Comment
I started my eToro way back in 2020 to invest in US ETFs which at that time were not very accessible in my location. I checked their website and did a careful research before creating my account because of a number of complaints about their high fees. The website says commission is free, as with other factors which are charged in other platforms such as overnight and custody fees. Cut the story short I created an account with them and purchased one of their ETF products for an expense ratio of 0.03% at the time of sale. I thought this was such a steal price compared to an equity index feeder fund offered by a major bank brand in my area. From my estimation and confirmed by their agent as well (contacted them before posting this review), commissions from my trades averaged 0.09%, with a 0% commission structure on shares. Insanely low! This makes them my favorite platform for trading stocks.
-
Comment
Recently I completed a small experiment to test the performance of eToro and I am happy to share my conclusions. I made sure that the company really operates, quickly executes trades in the market, and withdraws profits. Although the eToro platform is not always perfect, it is still possible to make a profit on it.
-
Comment
I've been searching for a broker for a long time to comfortably trade stocks, and I'm very glad I opened an account with eToro. A big advantage is that trading fractional shares is possible. The commission for traders is no higher than with other brokers, and customer support always responds quickly, and money transfers are fast—I work with a card.
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. 76% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
"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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!