FXChoice vs eToro Broker Comparison

Are you trying to figure out which is a better broker, FXChoice or eToro? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that eToro is the better of the two. eToro offers 2,200+ instruments, licenses from FCA, CySec, and fair trading fees.

In the tables below, you can compare the features of FXChoice and eToro side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked eToro higher than FXChoice.

Rating
93.8/100
94.7/100
Min. Deposit
100$
1000$
Regulated By
IFSCIFSC
FCAFCA
CySecCySec
Bonus
15%
No Information
Min. Spread
1.4
3
Max. Leverage
1:200
1:400
Currency Pairs
36
47
Trading Instruments
50+
2,200+
Trading Platforms
MT4, MT5, mobile
mobile, Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, PaySafe, ePay, E-Wallet and more
Bank transfer, Visa, MasterCard, Skrill, Neteller, Revolut, PayPal and more
Type of Brokers
Market Maker/NDD
STP/NDD
Customer Support
24/5
24/5
Language Support
8
20
Established
2010
2007
Used By
100,000+ Traders
100,000+ Traders

Does FXChoice or eToro have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive FXChoice and eToro are, we first considered the common fees on Standard Accounts. At FXChoice the average spread for the EUR/USD currency pair is 1.4 pips, whilst at eToro the spread is 3.

This shows that FXChoice is the better option for low-cost forex trading.

When it comes to non-trading fees, FXChoice charges for deposit, withdrawal. eToro charges for account, deposit. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that FXChoice is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, FXChoice or eToro?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

FXChoice is regulated by IFSC and does not offer client protection. eToro is regulated by FCA, CySec and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that eToro is the safer broker.

Broker summary

How many trading instruments are available at FXChoice and eToro?

FXChoice provides traders with 50+ instruments. This includes 36 currency pairs, 3 cryptocurrencies, and 0 stocks and shares. With FXChoice, you can also trade CFDs.

In comparison, eToro boasts 2,200+ tradable instruments. eToro offers 47 currency pairs, 16 cryptocurrencies, and 2041 stocks and shares. eToro also allows CFD trading.

As eToro has 2,200+ and FXChoice has 50+, a difference of 48, this shows that eToro offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, FXChoice or eToro?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

FXChoice provides you with the ability to trade via 3 trading platforms, and eToro has 2 trading platforms. Both brokers also offer research and trading tools, however eToro has more.

Overall, our experts agree that FXChoice boasts the better trading platform offering.

Research Tools

Which is better for beginners, FXChoice or eToro?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that eToro is the better broker for beginner traders as it offers a larger range of educational tools and materials. eToro also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that eToro is the better broker in a range of key areas. You can learn more by reading our FXChoice and eToro reviews.

FXChoice vs eToro
FXChoice
93.8
Points
eToro
94.7
Points
Overall
1 points
FXChoice
96
Points
eToro
85
Points
Commissions & Fees
11 points
FXChoice
93
Points
eToro
98
Points
Licensing & Safety
5 points
FXChoice
98
Points
eToro
97
Points
Trading Platforms & Tools
1 points
FXChoice
97
Points
eToro
95
Points
Payments
2 points
FXChoice
92
Points
eToro
94
Points
Customer Service
2 points
FXChoice
87
Points
eToro
99
Points
Educational
12 points
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