| Feature | eToro | FXOpen |
|---|---|---|
| Regulation | Regulated by FCA (UK), CySEC (Cyprus), ASIC (Australia), SEC (USA) | Regulated by FCA (UK), CySEC (Cyprus); ASIC license canceled in 2024 |
| Year Founded | 2007 | 2005 |
| Trust Score | High | Moderate; impacted by ASIC license cancellation |
| Account Types | Standard account | ECN account with raw spreads; Islamic accounts available |
| Minimum Deposit | $200 | $100 |
| Trading Platforms | Proprietary eToro platform (web and mobile) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, TickTrader |
| Tradable Instruments | Forex, stocks, commodities, indices, cryptocurrencies, ETFs | Forex, stocks, commodities, indices, cryptocurrencies, ETFs |
| Number of Forex Pairs | 47 | 50+ |
| Spreads | From 1 pip on major pairs | Raw spreads from 0.0 pips; average EUR/USD spread around 0.2 pips |
| Commission Fees | Zero commission on stocks; spreads apply on other instruments | Forex commissions range from $3.50 to $1.50 per lot, depending on account balance |
| Leverage | Up to 1:30 for retail clients (varies by region and instrument) | Up to 1:30 (EU, UK); up to 1:1000 (Global) |
| Social/Copy Trading | Yes; renowned for social trading features | No in-house copy trading; supports MetaTrader's copy trading services |
| Educational Resources | Extensive; includes courses, webinars, and tutorials | Limited; lacks comprehensive educational materials |
| Research Tools | Daily market analysis, news updates, economic calendar | Minimal; maintains a daily blog with market news and analysis |
| Customer Support | 24/5 live chat, email, phone support | 24/7 live chat, email, phone support |
| Deposit & Withdrawal Methods | Credit/debit cards, bank transfers, PayPal, Skrill, Neteller | Credit/debit cards, bank transfers, Skrill, Neteller, cryptocurrencies (availability varies by region) |
| Inactivity Fee | Yes; $10 per month after 12 months of inactivity | Yes; $10 monthly fee after 3 months of inactivity |
| Demo Account | Yes; unlimited duration | Yes; unlimited duration but becomes inactive after 90 days of no use |
| Mobile Trading App | Yes; available for iOS and Android | Yes; available for iOS and Android |
| Regulatory Protections | Investor protection schemes up to €20,000 or £85,000, depending on the entity | Investor protection up to £85,000 (UK) and €20,000 (EU); no protection for offshore entities |
| Additional Features | Unique social trading community; CopyTrader and CopyPortfolio features | Advanced trading platforms with Level 2 pricing; support for automated trading strategies |
| Account Currencies | USD only | Multiple currencies including USD, EUR, GBP, AUD, and cryptocurrencies (depending on region) |
| Trading Execution | Market execution | ECN execution with low latency |
| Hedging | Not available | Available |
| Scalping | Not allowed | Allowed |
| Algorithmic Trading | Limited; offers APIs for advanced users | Fully supported via MT4, MT5, and TickTrader |
| Trading Signals | Limited; integrated within the social trading network | Comprehensive signals available through MT4/MT5 and TickTrader |
| Affiliate and Partner Programs | eToro Partners (affiliate program) | Multiple options including affiliate programs and IB (Introducing Broker) programs |
| Fees on Withdrawals | $5 per withdrawal | Free or up to $15, depending on the method and region |
| Cryptocurrency Wallet | Built-in wallet for holding and transferring cryptocurrencies | No dedicated wallet; cryptocurrencies are tradable only as CFDs (or directly on crypto exchanges under certain accounts) |
| Market Depth Information | Not available | Available through ECN and TickTrader platforms |
| Custom Indicators | Not supported natively | Fully supported via MT4/MT5 custom indicators and scripts |
| Promotions and Bonuses | No bonuses due to regulatory restrictions | Occasional bonuses and promotions (varies by jurisdiction, not available in regulated regions like the EU/UK) |
| Spread Betting | Not available | Available in the UK (under FCA regulations) |
| Deposit Processing Time | Instant for most methods | Instant for most methods, with exceptions for bank transfers (1–3 business days) |
| Withdrawal Processing Time | 1–3 business days | Same day for e-wallets; 1–3 business days for bank transfers or cards |
| API Trading Support | Yes, for advanced traders through OpenBook APIs | Yes, comprehensive APIs for algorithmic trading |
| Two-Factor Authentication (2FA) | Available for account security | Available for account security |
| Segregated Accounts | Yes, client funds are kept in segregated accounts | Yes, client funds are held in segregated accounts |
| Trading Contests | Not available | Frequent contests with cash prizes (varies by region) |
| Advanced Charting Tools | Proprietary tools with limited customizability | Advanced charting in MT4, MT5, TradingView, and TickTrader |
| Swap-Free Accounts | Available for Islamic traders | Available for Islamic traders |
| Corporate Accounts | Not supported | Supported; tailored for institutional clients |
| Trading Volume Discounts | Not available | Volume-based commission discounts for high-frequency traders |
| Number of Cryptocurrencies | Over 70+ available for trading (including major and altcoins) | 40+ cryptocurrencies, with support for crypto-to-crypto trading pairs on TickTrader |
| Order Types | Market, limit, stop-loss, trailing stop | Market, limit, stop, trailing stop, one-cancels-other (OCO) |
| Charting Timeframes | 1 minute to 1 month | 1 minute to 1 month, plus tick charts on TickTrader |
| Real-Time News Feeds | Integrated into the platform | Available in MT4/MT5; external feeds supported |
| Micro Lot Trading | Not supported | Supported (0.01 lots minimum) |
| Maximum Open Positions | 400 | No explicit limit (subject to margin requirements) |
| Negative Balance Protection | Yes, globally | Yes, but only in regulated jurisdictions |
| Daily Market News | Provided via proprietary platform | Detailed market analysis through the broker’s blog and trading platform tools |
| Swap Rates Transparency | Visible on platform | Fully detailed within the MT4/MT5 platform |
| Asset Classes for Copy Trading | Stocks, forex, cryptocurrencies, commodities, indices, ETFs | Not applicable (supports signal services instead) |
| Cashback Program | Not available | Cashback rebates for frequent traders in specific account types |
| Data Center Locations | Centralized servers | Global server network, optimized for low-latency trading |
| Depth of Market (DOM) | Not available | Available with ECN accounts and TickTrader |
| VPS Hosting | Not provided | Offered for free to high-volume traders |
| Mobile App Features | Social feeds, real-time portfolio management, one-click trading | Full-featured trading with technical analysis and one-click trading on MT4/MT5 mobile apps |
| Geographic Restrictions | Available in most countries, but restricted in certain regions like India, Turkey, and Canada | Restricted in some regions (availability depends on regulatory approval) |
| Advanced Risk Management | Stop-loss, trailing stop, take-profit | Stop-loss, take-profit, margin call levels, automated strategies |
| Trading Competitions | Not available | Regularly offered with cash and trading credits as rewards |
| Custom Alerts | Price alerts available within the platform | Fully customizable alerts in MT4/MT5 and TickTrader |
| Institutional Trading | Not supported | Fully supported with specialized accounts and services |
| Supported Languages | 20+ languages | 15+ languages |
| Multi-Asset Portfolio Support | Available with CopyPortfolio | Supported, with multi-currency and multi-asset accounts |
| Weekend Trading | Limited to cryptocurrencies | Cryptocurrencies only |
| Slippage Policy | Market-dependent; slippage may occur | Slippage protection policies with tight spreads in ECN trading |
| Deposit Bonus | Not available (regulated regions prohibit bonuses) | Available in certain regions with offshore regulation |
| Auto-Withdrawal Options | Not supported | Supported for specific methods like Skrill or Neteller |
| Institutional Grade Liquidity | Limited | Extensive; liquidity sourced from multiple providers in ECN accounts |
| Tick-by-Tick Data | Not available | Provided through TickTrader and ECN platforms |
| Interactive Community | Active social network for traders | Community forums and occasional webinars available |
| Platform Customization | Minimal customization on eToro’s platform | High level of customization in MT4/MT5 and TickTrader |
| Account Verification Time | 1–3 business days | 1–2 business days on average |
eToro focuses on social trading, simplicity, and a user-friendly interface, while FXOpen offers ECN trading, tighter spreads, and advanced tools for professional traders.