Compare ForexTime vs eToro

Investments Cost Trading app Trading Tools Research Education Forex Commodities Indicies Cryptocurrencies Regulations Support Overall
ForexTime
ForexTime
eToro
eToro
Established 2011 Established 2007
Web Web www.etoro.com
Country Cyprus Country Cyprus, UK, Australia
Regulation FCA (UK) Cysec Regulation FCA (UK) Authorised in the European Union (EU) ASIC (Australia) Cysec CFTC Registered (USA)
Number of CFD asset classes 6 Number of CFD asset classes 5
Broker type ECN, STP Broker type MM, STP
Support Phone Mail Chat Support Mail Chat
Deposit 200 EUR/USD Deposit 50 EUR/USD
Spreads 1.5 EUR/USD *The value is indicative from the broker's website. The spread amount is variable. Spreads 1 EUR/USD *The value is indicative from the broker's website. The spread amount is variable.
Real Stocks and ETFs Real Stocks and ETFs
Platforms MetaTrader 4 (MT4) MetaTrader 5 (MT5) Platforms Web Platform Social Trading / Copy-Trading
Funding methods
Skrill Visa/Mastercard Bank Wire WebMoney
* Some of the payment methods may not be available in your country.
Funding methods
Skrill Klarna PayPal Visa/Mastercard Bank Wire
* Some of the payment methods may not be available in your country.

Overall Broker Rating

If you don't want to read the entire comparison, we can say that the winner between ForexTime and eToro is eToro. based on our evaluated parameters.

46%
ForexTime
63%
eToro
Get eToro App + Free Demo Account

If you are interested in more rating parameters, you can continue reading the full comparison between these brokers. Our broker comparison is based on available information and parameters, and thus subjective. We recommend exploring other sources.

Broker Comparison: ForexTime vs eToro

We compared ForexTime and eToro to find out the key differences between these brokers. Our goal was to create a broker comparison to provide an overview of their features, fees, trading platforms, instruments, and more.

Below is the comparison of ForexTime VS eToro

In our testing, we evaluated various aspects that we liked, disliked, or were indifferent about. We aimed to be objective and fair in assessing certain features based on what the broker offered compared to how competitive its fees are. Additionally, we created a unique rating system that we use to evaluate all brokers.

Key Broker Parameters

ForexTime
  • Currency Pairs: Broker ForexTime offers a total of 35 currency pairs.
  • Instruments: You can find over 250+ instruments at broker ForexTime.
eToro
  • Currency Pairs: Broker eToro offers a total of 49 currency pairs.
  • Instruments: You can find over 1000+ instruments at broker eToro.

Educational Resources and Trading Platforms

ForexTime

Educational Resources:

  • Client Webinars
    • ,
  • Has Education – CFDs
    • ,
  • Education
    • ,
  • Has Education – Forex
    • .

Trading Platforms:

  • MetaTrader 4 (MT4)
    • ,
  • MetaTrader 5 (MT5)
    • .
eToro

Educational Resources:

  • Client Webinars
    • ,
  • Has Education – CFDs
    • ,
  • Education
    • ,
  • Has Education – Forex
    • ,
  • Investor Dictionary (Glossary)
    • ,
  • Videos – Advanced Trading Videos
    • .

Trading Platforms:

  • Web Platform
    • ,
  • Social Trading / Copy-Trading
    • .

Pros and Cons: ForexTime

Pros

  • Strong educational materials: FXTM provides a wide range of educational materials that can help traders improve their skills and understanding of the markets.
  • Flexible account types: The platform offers various account types, allowing traders to choose the right option according to their needs and preferences.
  • Dedicated account representative: FXTM provides each client with a dedicated account representative who can assist with any questions or issues.

Cons

  • Withdrawal fees: FXTM charges withdrawal fees, which can be disadvantageous for clients who frequently withdraw funds from their account.
  • No copy trading features: The platform does not offer copy trading features, which may be a drawback for those who prefer this investment strategy.
  • No cryptocurrencies and limited choice of commodities: FXTM does not offer cryptocurrency trading and has a limited selection of commodities, which may be a disadvantage for those looking to diversify their trading portfolio.
  • Lack of regulation: One of the disadvantages is the absence of regulation, which can undermine clients' trust and increase the risk of unethical behavior by the broker.

    • Pros and Cons: eToro

    Pros

    • Low minimum deposit
    • Fractal stocks
    • More than 3,000 available instruments
    • Easy to use web platform and eToro mobile app
    • Unlimited demo account
    • Advanced CopyTrading

    Cons

    • Less deposit and withdrawal options
    • Automated trading strategies are not supported on eToro
    • Longer wait times for customer support

    Licenses and Regulations ForexTime

    Licences and regulation

    Broker ForexTime is seen as dependable due to its multiple top-tier regulatory certifications, which include

    • Exinity UK Limited - FCA (UK) registration no. 777911
    • ForexTime Ltd - CySEC (Cyprus) registration no. 185/12
    • ForexTime Ltd - FSCA (South Africa) registration no. 46614
    • Exinity Capital East Africa Ltd - CMA (Kenya) registration no. 135
    • Exinity Limited - FSC (Mauritius) registration no. C113012295

    Licenses and Regulations eToro

    Licences and regulation

    eToro is well-respected for its reliability, thanks to its multiple high-level regulatory endorsements, which include

    • eToro (Europe) Ltd. - CySEC (Cyprus) registration no. 109/10
    • eToro (UK) Ltd - FCA (UK) registration no. 583263
    • eToro AUS Capital Limited - ASIC (Australia) registration no. 491139
    • eToro (Seychelles) Ltd. - FSAS (Seychelles) registration no. SD076

    Investments

    # ForexTime eToro
    Currency Pairs (Total Forex pairs) 35 49
    CFDs – Total Offered 250+ 1000+
    Options CFD No No
    Share CFDs Yes Yes
    Forex CFD Yes Yes
    Commodities CFD Yes Yes
    ETF CFD Yes Yes
    Indicies CFD Yes Yes
    Cryptocurrency traded as actual No No
    Cryptocurrency traded as CFD Yes No
    Real Stocks and ETFs No Yes
    Investments rating 75% 62%
    Winner

    Cost

    # ForexTime eToro
    Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. 1.5 1
    Deposit from 200 50
    Account fee No No
    Inactivity fee Yes Yes
    Active Trader or VIP Discounts No No
    Withdrawal fees No Yes
    Deposit fees No Yes
    Cost rating 80% 40%
    Winner

    Trading app

    # ForexTime eToro
    Desktop Platform (Windows) No No
    Web Platform No Yes
    Social Trading / Copy-Trading No Yes
    MetaTrader 4 (MT4) Yes No
    MetaTrader 5 (MT5) Yes No
    Currenex No No
    cTrader No No
    Trading Platforms rating 100% 100%
    Winner

    Trading Tools

    # ForexTime eToro
    Financial leverage Yes Yes
    Virtual Trading (Demo) Yes Yes
    Alerts – Basic Fields Yes Yes
    Charting – Indicators / Studies (Total) Yes Yes
    Charting – Drawing Tools (Total) Yes Yes
    Charting – Trade From Chart Yes Yes
    Stop-Loss Yes Yes
    Finacial Calendar Yes Yes
    Daily financial news Yes Yes
    Order Type – Trailing Stop No Yes
    Trading Tools rating 90% 100%
    Winner

    Mobile Trading

    # ForexTime eToro
    Android App Yes Yes
    Apple iOS App Yes Yes
    Alerts – Basic Fields Yes Yes
    SMS alerts No Yes
    Mobile Trading No Yes
    Mobile Trading rating 60% 100%
    Winner

    Research

    # ForexTime eToro
    Daily Market Commentary Yes Yes
    Forex News (Top-Tier Sources) Yes Yes
    Weekly Webinars Yes Yes
    Social Sentiment – Currency Pairs No Yes
    Economic Calendar No Yes
    Research No Yes
    Research rating 50% 100%
    Winner

    Education

    # ForexTime eToro
    Has Education – Forex Yes Yes
    Has Education – CFDs Yes Yes
    Client Webinars Yes Yes
    Videos – Advanced Trading Videos No Yes
    Investor Dictionary (Glossary) No Yes
    Education Yes Yes
    Education rating 67% 100%
    Winner

    Forex

    # ForexTime eToro
    GBP/USD Yes Yes
    USD/JPY Yes Yes
    EUR/USD Yes Yes
    USD/CHF Yes Yes
    USD/CAD Yes Yes
    NZD/USD Yes Yes
    AUD/USD Yes Yes
    Major Forex Pairs rating 100% 100%
    Winner

    Commodities

    # ForexTime eToro
    Gold Yes Yes
    Silver Yes Yes
    WIT Oil Yes Yes
    Brent Oil Yes Yes
    Coffee No No
    Cocoa No Yes
    Soybeans No No
    Rice No No
    Corn No No
    Platinum Yes Yes
    Palladium Yes Yes
    Commodities rating 55% 64%
    Winner

    Indicies

    # ForexTime eToro
    DAX 40 Yes Yes
    S&P 500 Yes Yes
    Nasdaq Yes Yes
    Dow Jones Yes Yes
    Nikkei Yes Yes
    Indices rating 100% 100%
    Winner

    Cryptocurrencies

    # ForexTime eToro
    Bitcoin Yes Yes
    Litecoin Yes Yes
    Ethereum Yes Yes
    Ripple No Yes
    Neo No Yes
    Stellar No Yes
    Cardano No Yes
    Tron No Yes
    Monero No Yes
    EOS No Yes
    Cryptocurrencies rating 30% 100%
    Winner

    Regulations

    # ForexTime eToro
    Cysec Yes Yes
    ASIC (Australia) No Yes
    FCA (UK) Yes Yes
    Authorised in the European Union (EU) No Yes
    CFTC Registered (USA) No Yes
    FINMA (Switzerland) No No
    Regulations rating 33% 83%
    Winner

    Support

    # ForexTime eToro
    Chat Yes Yes
    Phone Yes No
    Mail Yes Yes
    Support rating 100% 67%
    Winner

    Overall

    # ForexTime eToro
    Go to the full broker review ForexTime eToro
    Win / Loss % 46% 63%
    Winner