Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
eToro
Regulated in your country eToro is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Forex.com
Regulated in your country Forex.com is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders eToro and Forex.com are best suited to, based on what each one actually offers in Australia.eToro is better than Forex.com for long-term investors. Forex.com, on the other hand, is better for professional traders and scalpers. Both are a good fit for high-volume traders, swing traders and news traders.
| Overall score | eToro 81 -2 83 | Forex.com 83 not offered |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise eToro and the ones that supervise Forex.com.eToro and Forex.com are both regulated in Australia, by ASIC.
| Section score | eToro 100 100 | Forex.com 100 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that eToro and Forex.com have in place to protect your money in Australia.eToro and Forex.com both offer segregated client funds and two-factor authentication. eToro also offers additional money insurance.
| Section score | eToro 81 Best 81 | Forex.com 73 -8 not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 1999 |
| Parent company i | eToro Group Ltd | StoneX Group Inc. |
| CEO i | Yoni Assia | Glenn Stevens |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Australian Settlements Limited | N/A |
| Brand power | ||
| Number of customers worldwide i | 4,280,000 | 1,000,000 |
| Annual revenue i | US$1,340,000,000 | US$169,500,000 |
| Monthly website search traffic i | 13.2M monthly visits | 1.9M monthly visits |
Costs
What we compare A comparison of what it costs to trade with eToro and with Forex.com in Australia, both on each trade and on holding the account.Forex.com is better than eToro for CFD/FX costs, as Forex.com is cheaper on EUR/USD, at US$7.5 per lot (against eToro's US$11.2), has tighter S&P 500 CFD spreads, at 0.6 points (against eToro's 1.08 points), and has tighter gold CFD spreads, at 0.3 points (against eToro's 0.88 points). Neither eToro nor Forex.com charges account maintenance fees or deposit fees.
Only eToro can be assessed for real stock costs, since Forex.com is a CFD broker and does not offer real stocks.
| Section score | eToro 55 -16 76 | Forex.com 71 Best not offered |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$5 | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.2 | US$7.5 |
| S&P 500 fees (CFD) i | 1.08 points | 0.6 points |
| Gold fees (CFD) i | 0.88 points | 0.3 points |
| Bitcoin fees (CFD) i | US$1,585.8 | US$35 |
| US stocks fees (CFD) i | US$0.02 | |
| Fees on stocks | ||
| Stock fee type i | Commission | Commission, Percentage |
| US stocks fees (real) i | US$4 | |
| ETF fees (real) i | Free | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with eToro and with Forex.com in Australia, and of how many instruments each one gives access to.eToro and Forex.com are close on CFD/FX markets. Both eToro and Forex.com offer CFDs on commodities, crypto, forex, indices and stocks. eToro goes a step further, as it offers CFDs on ETFs, and gives access to 7,000 tradable symbols (against Forex.com's 6,300).
Only eToro can be assessed for real stock markets, since Forex.com is a CFD broker and does not offer real stocks.
| Section score | eToro 85 55 | Forex.com 85 not offered |
|---|---|---|
| Total tradable symbols i | 7,000 | 6,300 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i | Crypto, ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that eToro and Forex.com make available to their clients in Australia.Forex.com is better than eToro for platforms, given that Forex.com offers MetaTrader 4, which eToro does not. Both eToro and Forex.com offer a proprietary platform and social trading.
Only eToro can be assessed for platforms, since Forex.com is a CFD broker and does not offer real stocks.
| Section score | eToro 84 -5 84 | Forex.com 89 Best not offered |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of eToro and Forex.com in Australia, and of what each one lets you do from your phone.eToro and Forex.com are equally good for mobile trading, as eToro offers a social trading app and a copy trading app. On the other hand, Forex.com offers the MetaTrader 4 app. eToro and Forex.com both offer a proprietary mobile app and mobile price alerts.
eToro and Forex.com cannot be compared for mobile trading, because eToro is a broker offering both CFDs and stocks while Forex.com is a CFD broker.
| Section score | eToro 87 87 | Forex.com 86 -1 not offered |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that eToro and Forex.com allow on their platforms in Australia.Forex.com is better than eToro for CFD/FX trading features, given that Forex.com offers guaranteed stop losses and VPS hosting, which eToro does not, and allows for scalping. Both eToro and Forex.com offer negative balance protection and trailing stops.
eToro and Forex.com cannot be compared for real stock trading features, because eToro is a broker offering both CFDs and stocks while Forex.com is a CFD broker.
| Section score | eToro 68 -28 85 | Forex.com 96 Best not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | 2 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$10 | US$1 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at eToro and at Forex.com in Australia, and of who each one is meant for.eToro is better than Forex.com for CFD/FX account types, since eToro offers a corporate account, a copy trading account and an unlimited demo account, which Forex.com does not. Both eToro and Forex.com offer a demo account and a standard account.
eToro and Forex.com cannot be set side by side for real stock account types, as Forex.com is a CFD broker and does not offer real stocks, unlike eToro.
| Section score | eToro 45 Best 76 | Forex.com 39 -6 not offered |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with eToro and with Forex.com in Australia.Forex.com is better than eToro for account opening, as Forex.com offers 12 account base currencies (against eToro's 2), has no minimum withdrawal (against eToro's US$30), and pays out withdrawals faster, within 3 days (against eToro's 7 days). However, the minimum deposit is lower at eToro, at US$50 (against Forex.com's US$106).
Forex.com does not offer real stocks, being a CFD broker, so eToro and Forex.com cannot be compared for account opening.
| Section score | eToro 69 -6 69 | Forex.com 75 Best not offered |
|---|---|---|
| Minimum deposit i | US$50 | US$106 |
| Minimum withdrawal i | US$30 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | USD, AUD | AUD, CAD, CHF, EUR, GBP, HKD, HUF, JPY, NZD, PLN, SGD, USD |
| Deposit waiting time i | Instant | up to 2 business days |
| Withdrawal waiting time i | up to 7 business days | up to 3 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and Forex.com in Australia, in how it can be reached and how fast it answers.eToro is better than Forex.com for customer care, given that eToro offers call-back requests and tax assistance, which Forex.com does not. eToro and Forex.com both offer a dedicated account manager and phone support.
Forex.com does not offer real stocks, being a CFD broker, so eToro and Forex.com cannot be compared for customer care.
| Section score | eToro 78 Best 78 | Forex.com 71 -7 not offered |
|---|---|---|
| Number of languages supported i | 7 | 7 |
| Website languages i | Arabic, German, English, French, Italian, Spanish, Chinese | Arabic, German, English, Japanese, Polish, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | English | English |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that eToro and Forex.com provide to their clients in Australia.eToro and Forex.com are equally good for learning, since eToro offers an economic calendar while Forex.com offers a glossary. Both eToro and Forex.com offer education for advanced traders and webinars.
eToro and Forex.com cannot be set side by side for learning, as Forex.com is a CFD broker and does not offer real stocks, unlike eToro.
| Section score | eToro 96 96 | Forex.com 95 -1 not offered |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
eToro vs Forex.com: which one should you choose?
eToro
CFD/FX Choose eToro if you want an online CFD broker with copy and social trading.
Stocks Choose eToro if you want a stock brokerage service with copy and social trading.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Forex.com
CFD/FX Choose Forex.com if you want a CFD and forex broker with fast order execution, fixed-spread accounts and MetaTrader 4.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include eToro or Forex.com, each scored with the same data and method as this page.
