eToro vs JustForex - Fees Review included
Which broker is better eToro or JustForex? 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 5.6 out of 10. JustForex is one of the top brokers in the financial market with the TU Overall Score of 6.33 out of 10. Find out more about TU Overall Score.
| Feature | eToro | JustForex |
|---|---|---|
Overall |
4.8 |
3.8 |
5.0 |
2.1 |
|
4.7 |
4.1 |
|
4.9 |
3.1 |
|
Investment Instruments |
5.0 |
4.5 |
Platforms and Charting Tools |
4.1 |
4.5 |
Deposit and Withdrawal |
4.5 |
4.8 |
Research |
5 |
3.8 |
Education |
4.3 |
4.1 |
Support |
4.2 |
4.1 |
Bonuses |
1 |
4.4 |
|
|
|
eToro vs JustForex: 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.
JustForex Broker (pronounced "Just Forex") is a brand of IPCTrade, an online Forex trading company that provides access to a variety of classic financial instruments. The broker is regulated by the Belize International Financial Services Commission (IFSC).
| eToro | JustForex | |
|---|---|---|
| Overall Pros | Mobile app for trading from smartphones | No trading strategy restrictions |
| Highly licensed and regulated broker | ||
| 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 | smoll choice of trading assets |
| few opportunities for passive income | ||
| there are withdrawal fees |
eToro vs JustForex: Safety and Regulation
| Regulated By: | eToro | JustForex |
|---|---|---|
US Regulation |
Yes (eToro US) |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
Yes |
No |
Other Regulators |
Seychelles FSA |
FSA SVG |
eToro vs JustForex: Trading Conditions
| Trading Conditions | eToro | JustForex |
|---|---|---|
Minimum Deposit |
$50 |
$1 |
Trading Platforms |
eToro |
MT4, МТ5, Mobile Platforms, WebTrader |
Max Leverage (Futures) |
1:30 |
401769 |
Supported Markets |
Forex, Stocks, Indices, Commodities, Crypto |
Currency Pairs, Precious Metals, Crypto, Indices, Shares, Futures, Energy commodities |
Trading assets |
1000+ |
154+ |
Trading Accounts |
Standard, Demo |
Standard Cent, Standard, Pro и Raw Spread, Demo |
Base Account Currencies |
USD |
USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
eToro vs JustForex: Fees
Forex Trading Fees
| Fee | eToro | JustForex |
|---|---|---|
Standard Account EURUSD Average Spread |
1 pip |
1.4 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
3USD/3EUR per lot |
ECN Account EUR Average Spread |
Not supported |
0.2 pips |
CFD Trading Fees
| Fee | eToro | JustForex |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | eToro | JustForex |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
$5 |
No |
Inactivity Fee |
$10 per month after 12 months of inactivity |
$5 per month |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
eToro vs JustForex: Trading Assets
| Asset Name | eToro | JustForex |
|---|---|---|
Overall |
1000+ |
150+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFDs) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes |
ETFs |
No |
Yes |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
eToro or JustForex: Investment Programs
| Asset Name | eToro | JustForex |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: JustForex or eToro
| eToro | JustForex | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
eToro |
No |
Others |
No |
No |
|
|
|
eToro vs JustForex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | eToro | JustForex |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
No |
Yes |
eToro vs JustForex: Research
| Research Type | eToro | JustForex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
eToro vs JustForex: Education
| Education Type | eToro | JustForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
JustForex vs eToro: Support
| Support Features | eToro | JustForex |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Telegram, Viber, Messedger, Line, Instagram |
eToro vs JustForex: Forex Bonuses and Promo
| Promo | eToro | JustForex |
|---|---|---|
Forex Bonus |
No |
No deposit bonus $30 |
Affiliate Program |
$100-250 per trader |
Yes |
Other Promos |
No |
|
|
|
|
Top 5 Reviews on JustForex
-
Comment
Although JustMarkets is registered in an offshore zone, I trade with this broker. Because here you can leverage 1 to 200. This allows trading with a small capital of $500 and opening trades with large volumes. JustMarkets broker does not interfere with my trading. Although there are requotes when opening trades, which is quite unpleasant. I withdraw money to a bank card, withdrawal time - up to five days.
-
Comment
I used to trade with JustMarkets. It didn't last long, I closed the account in just a week. The significant drawback was the delay in order execution, taking several minutes. Additionally, the spread widening increased the risk of losing the account. Overall, it didn't work out, and I had to withdraw what was left of the deposit. I cannot recommend the JustMarkets company.
-
Comment
On many resources, JustMarkets is blacklisted because positive reviews are believed to be written by either company employees or purchased for money. In other words, JustMarkets boosts its rating dishonestly. Those who trade here or plan to trade are advised to pay attention to the deception regarding positive reviews from the company.
-
Comment
When I opened an account with JustMarkets and deposited money, it quickly reflected in my account. However, as I started trading, I noticed that high spreads and commissions were eating up all the profits. In fact, I didn't see any significant profit, only losses. I was puzzled by this situation and couldn't understand why the losses were occurring so quickly. After a month of working with JustMarkets, I decided to close my account because it was absolutely unclear how one could stay here.
-
Comment
I don’t recommend even trying trading with JustMarkets. It just won't work. Here, mostly bots trade on the platform and the platform itself can be very problematic for making money. Real clients are running from JustMarkets. There are problems with payments, transfers, and exchange rates even among users.
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!