| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| eToro | $50 Minimum Deposit | Web Trader & Apps Trading Platforms | 2000+ Markets To Trade | eToro provides social and copy trading on a user friendly platform with a 2000+ markets to trade About |
| FXOpen | $1 Minimum Deposit | MT4, MT5, TickTrader Trading Platforms | 600+ Markets To Trade | FXOpen offers MT4 and MT5, allwoing automated trading and provides user friendly TickTrader and additonally has a Micro (cent) account with a low minimum deposit of $1 About |
eToro and FXOpen Comparison
eToro provides support for social and copy trading on its platform, to allow the trader to inform their trading with the views of other traders and copy their trades if they wish. FXOpen provide no dealing desk trading along with Equinix NY4 infrastructure, which allows and enables automated trading with EA robots, offering MT4, MT5 and TickTrader.
However FXOpen also supports social and copy trading via the Myfxbook and ZuluTrade platforms. FXOpen also offers other account types including a Cent account, with a very low minimum deposit and low minimum trade sizes.
Quick comparison
FXOpen provides ECN trading and MT4, MT5 and TickTrader, while eToro offers social and copy trading on its user friendly platform.
Minimum deposit and account types
The minimum deposit for eToro is $50. The minimum deposit for FXOpen is $1.
- eToro is a Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots.
- FXOpen offers ECN, STP, Micro and Crypto account types. The minimum deposit is $1 for the Micro account, $10 for the STP and Crypto accounts and $100 for the ECN account. The ECN account charges commissions on its markets, the STP does not charge commissions. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). FXOpen supports social and copy trading via ZuluTrade and Myfxbook. The minimum trade size is 0.0001 lots on the Micro account. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
Markets
- eToro offers Forex, Indices, Cryptocurrencies, Energy, Stocks, Metals, Bonds and ETFs, with 2000+ available.
- FXOpen offers Forex, Indices, Cryptocurrencies, Energy, Stocks and Metals, with 600+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXOpen Broker | MT4, MT5, TickTrader Trading Platforms | FXOpen has a Micro (cent) account with a low minimum deposit of $1 and low minimum trade sizes Description |
| eToro Broker | Web Trader & Apps Trading Platforms | eToro can provides low minimum order sizes and has a relatively low minimum deposit of $50, with 2000+ markets to trade including real Stocks, ETFs and Cryptos Description |
Cryptocurrencies
- eToro offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Ethereum Classic, NEO, IOTA, EOS, Monero, Dash, BNB, Solana, LUNA, Cardano, Dogecoin, Avalanche, Polkadot, Shiba, Polygon, Cronos, TRON, Cosmos, Chainlink, Uniswap, ApeCoin, Stellar, Algorand, Hedera Hashgraph, Filecoin, Decentraland, The Sandbox, Theta, Fantom, Tezos, Axie Infinity, AAVE, Zcash, The Graph, Maker, Quant, Chiliz, Gala, Curve, Enjin, Loopring, Curve, Basic Attention Token, Kyber Network, Compound, Ox, Synthetix, Yearn.finance, Ankr, Bancor, 1inch, Storj, SushiSwap, Ethereum Name Service, REN, dYdX, Fetch.ai and Balancer (the trader owns the cryptocurrency when buying them at FCA and CySEC regulated eToro). There is a flat 1% fee for all Cryptos, on top of the Bid/Ask spread. eToro additionally offers a Wallet which supports 120+ Cryptocurrencies and allows the trader to move unleveraged long positions in real Cryptocurrencies to the Wallet from the platform.
- FXOpen offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Ethereum Classic, NEO, IOTA, EOS, Monero, Dashcoin and Emercoin CFDs.
Spreads
eToro provides Forex spreads from 1 (variable). FXOpen can offer Forex spreads from 0 plus a commission charge.
Commission charge
- For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
Online trading platforms
eToro offers CopyTrader. FXOpen offers MT4, MT5 and TickTrader.
Why eToro or FXOpen ?
Traders who want to trade on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and use Expert Advisors (EAs) if they wish, may do so at FXOpen. Traders who want to trade on a user friendly platform with social and copy trading tools can do so at eToro. Traders who want to trade on user friendly TickTrader may do so at FXOpen. Traders who want to use robots for automated trading can do so at FXOpen. Traders who want real Stocks, ETFs and Cryptos can buy these at eToro (and find staking and a Crypto Wallet).
Comparison summary
- Both brokers provide CFD trading
- eToro additionally offers real Stocks, ETFs and Cryptos to buy
- FXOpen provides a wide range of Crypto CFDs
- eToro offers staking and a Crypto Wallet
- eToro provides social and copy trading on its platform
- FXOpen has a $1 minimum deposit
