| eature | eToro | RoboForex |
|---|---|---|
| Year Established | 2007 | 2009 |
| Regulation | FCA (UK), ASIC (Australia), CySEC (Cyprus), SEC (USA - limited services) | IFSC (Belize), CySEC (via RoboMarkets), FSC (Mauritius) |
| Headquarters | Tel Aviv, Israel | Belize City, Belize |
| Minimum Deposit | $200 (varies by region) | $10 (depends on account type) |
| Deposit Methods | Credit/debit cards, PayPal, bank transfer, e-wallets (Skrill, Neteller, etc.) | Credit/debit cards, bank transfer, e-wallets (Skrill, Neteller, WebMoney, etc.) |
| Withdrawal Fee | $5 per withdrawal | No fees (for most withdrawals) |
| Platforms | Proprietary eToro Platform (Web and Mobile) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, R Trader |
| Copy Trading | Yes (main feature - CopyTrader, Smart Portfolios) | Yes (via CopyFX service) |
| Social Trading Features | Yes (social feed, performance stats, leaderboard) | Limited to CopyFX |
| Tradable Instruments | 3,000+ (Stocks, ETFs, Forex, Crypto, Indices, Commodities) | 12,000+ (Forex, Stocks, ETFs, Crypto, Commodities, Indices, CFDs) |
| Leverage | Up to 1:30 (for retail clients), higher for professional accounts | Up to 1:2000 (depending on account and jurisdiction) |
| Spreads | Variable spreads (starts at 1 pip for major pairs) | Variable spreads (from 0.0 pips with ECN accounts) |
| Commission | No commission on stock trading (in most regions) | Commission-based accounts available (from $2 per lot) |
| Account Types | Standard (retail), professional, demo | Pro, ECN, Prime, R StocksTrader, Cent, Demo |
| Demo Account | Yes (unlimited, free with virtual funds) | Yes (unlimited, free with virtual funds) |
| Islamic (Swap-free) Account | Yes | Yes |
| Cryptocurrency Offering | Yes (more than 50 crypto assets including BTC, ETH) | Yes (over 30 crypto assets, including BTC, ETH) |
| Stock Trading | Yes (real stocks and fractional shares) | Yes (CFDs and real stocks through R StocksTrader) |
| Indices Trading | Yes (CFDs on global indices) | Yes (CFDs on global indices) |
| Fees | Overnight fees, inactivity fee after 12 months | Overnight fees, low commission for ECN, no inactivity fee |
| Customer Support | Live chat, email, phone support | Live chat, email, phone support, ticketing system |
| Educational Resources | Webinars, trading courses, blogs, news updates | Webinars, articles, trading signals, analytics |
| Risk Management Tools | Stop Loss, Take Profit, trailing stops | Stop Loss, Take Profit, trailing stops |
| Mobile App | Yes (iOS and Android) | Yes (MetaTrader 4/5, cTrader, RoboForex apps) |
| Regulatory Protection | Investor Compensation Scheme (up to €20,000), negative balance protection | Negative balance protection (depending on jurisdiction) |
| Promotions and Bonuses | No (due to regulatory restrictions) | Yes (bonuses and cashback programs, depending on location) |
| User Experience | Beginner-friendly, intuitive interface | Suitable for both beginners and advanced traders |
| Market Depth | No | Yes (for ECN and Prime accounts) |
| Unique Features | Proprietary social trading network, Smart Portfolios | Vast account options, high leverage, cashback and loyalty program |
| Type of Broker | Market Maker | ECN, STP, Market Maker |
| Order Execution | Instant execution for most trades, limited slippage | Market execution, low latency for ECN accounts |
| Margin Requirements | Varies based on asset and region (e.g., 20% for stocks, 3.33% for major forex pairs) | As low as 0.5% (depending on leverage) |
| Automated Trading | No support for custom bots, allows copy trading | Full support for Expert Advisors (EAs), cBots, and APIs |
| VPS (Virtual Private Server) | No | Yes (free for qualifying accounts) |
| Micro Lot Trading | No (minimum position size varies by asset) | Yes (0.01 micro lot available) |
| Hedging Allowed | No (due to regulatory restrictions) | Yes (fully supported) |
| Scalping | No (scalping not permitted) | Yes (supported, especially on ECN accounts) |
| Trailing Stops | Yes (manual setup) | Yes (automated in MT4/MT5, manual in R Trader) |
| Custom Indicators | No (proprietary platform does not support custom indicators) | Yes (MT4/MT5 and cTrader support custom indicators) |
| Backtesting | Limited (demo mode only) | Full support for backtesting strategies (MT4/MT5) |
| Algo Trading Support | No (proprietary platform) | Yes (via MT4, MT5, cTrader, and APIs) |
| Referral Program | Yes (Refer a Friend with incentives) | Yes (Affiliate program and partner programs) |
| Affiliate Program | Yes (through broker partnership) | Yes (CPA, commission-based partner program) |
| Swap-Free Conditions | Up to 7 days (Islamic account) | Unlimited (for Islamic accounts) |
| Market Sentiment Tools | Yes (sentiment bars for popular instruments) | No (requires third-party tools or custom setups) |
| News Feed Integration | Yes (integrated social news and financial updates) | Yes (via MetaTrader economic calendar and R Trader) |
| Account Currency Options | USD, EUR, GBP, AUD (varies by region) | USD, EUR, GBP, CHF, and more depending on platform |
| Cashback/Loyalty Program | No (due to regulatory restrictions) | Yes (Rebates and Cashback loyalty programs) |
| Contests and Tournaments | No | Yes (trading contests and competitions) |
| Security Features | Two-Factor Authentication (2FA), encrypted data | Two-Factor Authentication (2FA), MT4/MT5 password protection |
| Charting Tools | 100+ indicators, drawing tools | Extensive tools (MT4/MT5 offer hundreds of indicators and scripts) |
| Customization of Interface | Limited customization | Highly customizable (especially on cTrader and MT4/5) |
| Stock Dividends on Real Shares | Yes (paid on long stock positions) | No (CFD-based stock accounts only) |
| PAMM and MAM Accounts | No | Yes (available for account managers) |
| Cryptocurrency Wallet | Yes (supports external wallets for transfers) | No (crypto trading is CFD-based) |
| IPO Access | No | No |
| Forex Trading Pairs | Over 40 pairs (major, minor, and exotic) | Over 40+ pairs, including exotic pairs |
| Withdrawal Processing Time | 1–2 business days | Instant to 1 business day (depending on method) |
| Deposit Bonus | No (due to regulations) | Yes (up to 120% bonus on certain accounts) |
| Regulatory Restrictions on Leverage | Yes (limited by ESMA/FCA in Europe) | No (leverage up to 1:2000 available globally) |
| Funds Segregation | Yes (client funds held in separate accounts) | Yes (client funds held in separate accounts) |
| Investor Compensation Scheme | Yes (up to €20,000, depending on region) | Yes (depending on jurisdiction, up to $20,000 in some cases) |
| Multi-Currency Accounts | No (all trades settled in primary currency) | Yes (multi-currency wallets available) |
| Fractional Shares | Yes (can buy portions of stocks as low as $10) | No (full CFDs only, no fractional investments) |
| CFD Trading | Yes (on stocks, indices, crypto, commodities) | Yes (on a wide range of instruments) |
| Direct Ownership of Assets | Yes (for stocks and ETFs in certain regions) | No (all trades are CFDs except for R StocksTrader) |
| Swap Fees on Overnight Positions | Yes (based on position size and duration) | Yes (higher for standard accounts, lower for ECN) |
| Account Verification Time | 1–2 business days (depending on KYC document accuracy) | 1–3 business days (depending on region) |
| Account Base Currencies Supported | Limited to a few major currencies (USD, EUR, GBP) | Supports a wide range of currencies (USD, EUR, GBP, more) |
| Personal Account Manager | Available for some premium/professional users | Available for some account types |
| Institutional Services | No | Yes (via Prime Accounts and institutional partnerships) |
| Withdrawal Processing Fees | $5 flat fee (on all withdrawals) | No fees for most withdrawal methods |
| Mobile Platform Customization | Limited (based on eToro’s proprietary mobile app) | Fully customizable through MetaTrader and cTrader mobile apps |
| Web-Based Platform | Yes (proprietary web app) | Yes (R Trader, MT4/5, and cTrader web versions) |
| Advanced Order Types | Yes (Market, Limit, Stop, Trailing Stop) | Yes (Market, Limit, Stop, Trailing Stop, Conditional Orders) |
| Slippage Protection | No | Yes (on ECN accounts with tighter spreads) |
| Historical Data Access | Limited (available in performance charts only) | Full historical data export and analysis |
| Asset Class Diversification Tools | Yes (via Smart Portfolios and ETFs) | Yes (via multi-instrument accounts and custom portfolios) |
| Risk Profiling and Guidance | Yes (risk score for each investor or portfolio) | No (manual selection based on user experience) |
| Trading Contests | No | Yes (frequent tournaments for prizes) |
| Reinvestment Options | No (manual reinvestment required) | Yes (automatic reinvestment for some programs) |
| API Support | No (no API access for automated trading) | Yes (with cTrader Open API and MetaTrader APIs) |
| Webhooks and Notifications | Yes (push and email notifications for trade events) | Yes (via MT4/MT5 and RoboForex app) |
| Portfolio Analytics | Yes (visual performance charts, risk scores) | No (analytics must be done via MT4/MT5 or external tools) |
| Asset Segmentation | No (single trading account for all instruments) | Yes (separate accounts for different asset classes like R StocksTrader for stocks) |
| Guaranteed Stop Loss (GSL) | No (only standard Stop Loss) | No (depends on market volatility) |
| Take Profit Orders | Yes (manual and automatic) | Yes (manual and automatic) |
| Dynamic Leverage Adjustments | No (fixed based on regulation) | Yes (dynamic based on risk levels and asset type) |
| Market-Making Role | Yes (eToro acts as a market maker for trades) | Yes (for standard accounts, not for ECN accounts) |
| Affiliate and Partnership Tiers | Limited (single-tier partnership program) | Multi-tier affiliate, CPA, and IB (introducing broker) programs |
| Investor Reports and Tax Documents | Yes (tax reports generated for supported regions) | Yes (detailed reports available through account portals) |
| Trading Signals | No (no third-party signal integration) | Yes (available through MT4, MT5, and trading tools) |
| Price Alerts and Notifications | Yes (via app and email) | Yes (via MT4/MT5 and RoboForex app) |
| Copy Portfolio Rebalancing | Yes (automatically done for Smart Portfolios) | No (manual rebalancing for CopyFX) |
| Regulatory Audit Frequency | Regular audits (FCA, CySEC, ASIC regulations) | Depends on jurisdiction (audited by IFSC, CySEC via RoboMarkets) |
| Security of Funds | High (segregated accounts, encrypted transactions) | High (segregated accounts, encrypted transactions) |
| User Interface Complexity | Simple, beginner-friendly | Complex but customizable for advanced users |
| Trading Limitations | Cannot short specific stocks during regulatory changes | No significant restrictions (except regional compliance) |
| Geographical Restrictions | Not available in certain regions (e.g., US for crypto, Canada, India) | Available in most regions, some limitations apply |
| Long-Term Portfolio Management Tools | Yes (CopyPortfolio feature) | No (manual strategy management) |
| Leaderboard Rankings for Traders | Yes (public profiles and leaderboard for top performers) | Yes (CopyFX has ranking but less detailed) |
| Order Book Visibility | No (no visibility into depth of market order book) | Yes (available for ECN accounts) |
| Daily Market Analysis Reports | Yes (through news feed and blogs) | Yes (provided via platform widgets and daily newsletters) |
eToro offers social and fractional share trading, making it ideal for beginners, while RoboForex excels with high leverage, multiple platforms, and algorithmic trading features. RoboForex’s ECN/STP accounts and advanced tools appeal to experienced traders.