Do you want to know which is the better broker between eToro and Exness ?
In the table below, you can compare the features of eToro , Exness side by side to determine the best fit for your needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of etoro, exness lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
|Regulations||CySEC, FCA, ASIC|
|Tradable Assets||Stocks, Cryptocurrencies, Currencies, Commodities, ETFs|
|Trading Fees||Commission-free trading, Spreads from 0.75 pips on EUR/USD|
|Non-Trading Fees||Withdrawal fee of $5, Inactivity fee of $10/month after 12 months of inactivity|
|Leverage||Up to 1:30 for retail clients, up to 1:400 for professional clients|
|Trading Platforms||eToro proprietary platform, MetaTrader 4|
|Mobile Trading||Yes, available on iOS and Android|
|Customer Support||24/5 live chat, email support|
|Educational Resources||Social trading, educational videos, blog articles, eToro Academy|
|Demo Account||Yes, unlimited time|
|Other Features||CopyTrader, Popular Investor Program, eToro Wallet|
eToro is a multi-asset social trading platform that has gained widespread popularity among investors, traders, and social media enthusiasts since its inception in 2007. It offers users access to a wide range of financial instruments, including stocks, cryptocurrencies, forex, indices, and commodities, among others. The platform provides a user-friendly interface that caters to both novice and experienced traders alike, making it one of the most popular trading platforms on the market.
One of eToro's standout features is its social trading capabilities, which allow users to copy the trades of successful traders and build their investment portfolios. The platform has a large community of traders who share insights, strategies, and knowledge, making it an excellent learning resource for traders looking to improve their skills.
eToro is a legitimate and regulated online brokerage firm that has been operating since 2007. It is licensed and regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). The company is also a member of the Investor Compensation Fund, which provides additional protection for traders' funds. However, as with any investment platform, there are risks involved in trading, and traders should always be aware of the potential risks and take steps to protect their investments.
eToro's user-friendly interface, range of trading assets, and social trading features have made it popular among both beginner and experienced traders. However, as with any trading platform, eToro has its pros and cons, which potential users should consider before signing up. In this section, we will discuss the advantages and disadvantages of using eToro as a trading platform.
|User-friendly and easy-to-use platform||Higher spreads compared to some other brokers|
|Regulated by reputable financial authorities||Limited range of tradable assets|
|Copy trading and social trading features||Limited research and analysis tools|
|Wide range of payment methods||Inactivity fee charged after 12 months of inactivity|
|Commission-free trading on stocks and ETFs||Withdrawal fee of $5|
|Demo account available for practice||Limited customer support options|
eToro offers a wide range of financial instruments for traders to choose from, covering various markets globally. Traders can access more than 2,400 assets, including popular currencies, commodities, indices, and stocks from exchanges around the world. Furthermore, eToro enables traders to trade cryptocurrency, such as Bitcoin and Ethereum, which has become a popular asset class in recent years due to its high volatility and potential for substantial profits. With this wide range of instruments available, traders can diversify their portfolios and explore various markets to find the best investment opportunities.
|Wide variety of assets including stocks, cryptocurrencies, commodities, forex, and more||Limited selection of options and futures contracts|
|Commission-free trading on most instruments||Limited research tools for fundamental analysis|
|Availability of social trading, allowing for copy trading and following other traders' strategies||Limited access to less popular or niche assets|
|Option to trade fractional shares for stocks, making it accessible to investors with small capital||Limited trading hours on certain assets, such as cryptocurrencies|
|Lack of transparency in pricing structure for some assets|
eToro provides traders with two primary types of accounts to choose from, namely the Retail and Professional accounts. These account types differ in various aspects, such as trading features, account requirements, leverage limits, and the level of regulatory protection they offer.
eToro's Retail account is suitable for most traders and investors. This account type requires a minimum deposit of $500 and provides access to all eToro's trading instruments, including cryptocurrencies, stocks, ETFs, commodities, and more. Retail account holders can also benefit from eToro's social trading features, which allow users to follow and copy other successful traders on the platform. However, retail account holders are limited to a maximum leverage of 1:30, as per regulatory requirements.
eToro's Professional account is designed for experienced traders who meet certain criteria, such as having a minimum of two years of trading experience and meeting certain financial thresholds. This account type provides access to higher leverage of up to 1:400, and allows users to benefit from reduced margin requirements and negative balance protection. However, professional account holders are not eligible for certain investor protection rights, such as compensation schemes, as they are deemed to have a higher level of trading knowledge and experience.
|Account Types||Offers both retail and professional accounts||Professional accounts require certain qualifications|
|Minimum Deposit||Low minimum deposit requirement for retail account||High minimum deposit requirement for professional account|
|Commission||No commission on trades for most assets||Higher spreads compared to other brokers|
|Leverage||Up to 1:30 for major currency pairs||Limited leverage options for professional accounts|
|Platform||User-friendly platform with social trading features||Limited customization options|
|Customer Support||24/7 customer support in multiple languages||Phone support only available during market hours|
To open an account with eToro, you need to follow these steps:
Go to the eToro website and click on the “Join Now” button.
Enter your personal information, including your name, email address, and phone number.
Verify your email address by clicking on the verification link sent to your email. Provide additional information, including your date of birth, address, and tax ID number. Agree to the terms and conditions and submit your application.
Wait for eToro to review and approve your account, which usually takes a few minutes to a few business days.
After approval, you can fund your account with preferable payment methods and then start your real trading with this broker.
eToro offers a demo account for traders who want to practice trading strategies without risking real money. The eToro demo account provides $100,000 in virtual money and is valid for an unlimited amount of time, allowing traders to familiarize themselves with the platform and practice their trading skills.
To open a demo account, traders can simply sign up for an eToro account and select the option to use the demo account. It's important to note that the eToro demo account does not require any deposit or funding, making it a risk-free way to test out the platform.
When using the demo account, traders should keep in mind that the virtual money provided is not real, and any profits or losses made are also not real. It's also important to note that while the demo account provides a good introduction to the platform, it may not accurately reflect the actual market conditions and trading experience.
eToro offers leverage for trading various financial instruments. The maximum leverage provided by eToro varies depending on the instrument and the jurisdiction of the client. For example, for major forex pairs, eToro offers leverage up to 1:30 for retail clients and up to 1:400 for professional clients. For commodities such as gold and silver, leverage can be up to 1:20 for retail clients and up to 1:100 for professional clients. For stocks, eToro offers leverage up to 1:5 for both retail and professional clients. It is noted that high leverage can amplify your potential returns, but more importantly, it can increase your risks.
eToro's spreads vary depending on the asset being traded. The platform charges variable spreads, which means that the spread can widen or narrow depending on market conditions. The typical spread for major currency pairs such as EUR/USD and GBP/USD is around 3 pips during normal market conditions. However, this can vary depending on market volatility and liquidity.
For other assets, such as cryptocurrencies and commodities, eToro's spreads are generally higher. For example, the spread for Bitcoin can range from 0.75% to 5% depending on market conditions.
|Zero commission on stock and ETF trading||Wider spreads compared to other brokers|
|Competitive spreads on major forex pairs||Overnight fees charged on leveraged positions|
|No hidden fees or surprises||Limited selection of exotic currency pairs|
|Transparent pricing||Higher spreads on cryptocurrencies|
|Tight spreads on commodities and indices||Spreads can widen during volatile market conditions|
In addition to spreads and commissions, eToro also imposes a few non-trading fees that traders should take into consideration before trading on this platform. These fees include:
Withdrawal fee: eToro charges a withdrawal fee of $5 per withdrawal. This fee is relatively low compared to other brokers.
Inactivity fee: If you don't log in to your eToro account for 12 months, an inactivity fee of $10 per month will be charged to your account. This fee is charged until you log in again or until your account balance reaches zero.
Overnight fees: eToro charges overnight fees or rollover fees for positions held open overnight. The amount of the fee depends on the instrument traded, the direction of the position, and the size of the position.
Currency conversion fee: If you deposit funds in a currency different from the base currency of your account, eToro charges a currency conversion fee. The fee is 0.5% of the deposited amount, and it's calculated based on the exchange rate at the time of the conversion.
|No commissions on stock and ETF trading||Higher spreads compared to other brokers|
|No deposit fees||High withdrawal fees|
|No account maintenance fees||Inactivity fee after 12 months of inactivity|
|No fees for using the CopyTrader feature||Limited payment methods|
|No fees for currency conversion||Overnight fees for positions held overnight|
|High fees for using PayPal as a payment method|
eToro offers its proprietary trading platform, which is designed to be user-friendly and intuitive, particularly for novice traders. The platform provides a variety of tools and features, including real-time market data, advanced charting tools, and an easy-to-use order entry system.
One of the most notable features of the eToro platform is its social trading functionality, which allows users to follow and copy the trades of successful traders. This feature is particularly appealing to new traders who may lack the knowledge or experience to make their own trades.
In addition to its proprietary platform, eToro also supports the popular MetaTrader 4 (MT4) platform, which is widely used by traders around the world. MT4 is known for its advanced charting capabilities, extensive library of technical indicators, and the ability to automate trading strategies through the use of Expert Advisors (EAs).
Here is a comparison table of the trading platform offered by eToro, FP Markets and Exness:
|FP Markets||MetaTrader 4 (MT4)||✔️||✔️||✔️|
|Exness||MetaTrader 4 (MT4)||✔️||✔️||✔️|
eToro accepts multiple payment methods, including credit/debit cards, bank transfers, and e-wallets such as PayPal, Neteller, and Skrill. The minimum deposit amount is $10, which is relatively low compared to other brokers in the industry. Deposits are usually processed instantly or within one business day, depending on the payment method. eToro does not charge any deposit fees, but some payment providers may have their own fees.
eToro allows you to withdraw funds using the same payment methods as deposits.The minimum withdrawal amount is $30, and there is a withdrawal fee of $5.Withdrawals are usually processed within one business day, but it may take longer for bank transfers.Before making a withdrawal, you need to verify your identity and complete the necessary KYC (Know Your Customer) procedures. eToro also has a policy of returning funds to the original payment method used for deposits, whenever possible.
|Wide range of payment methods available including credit/debit cards, PayPal, and bank transfer||Withdrawal fee of $5 per transaction|
|Quick and easy deposit process with most methods being processed instantly||Minimum withdrawal amount of $30|
|No deposit fees charged by eToro||Limited number of currencies available for deposits and withdrawals|
|Supports deposits and withdrawals in multiple currencies||Withdrawal processing time can take up to 7 business days|
|Allows users to set up multiple payment methods for convenience||Third-party fees may be charged by payment processors|
|Negative balance protection ensures that users cannot lose more than they have deposited||Users may need to provide additional verification documents for withdrawals|
Customer support is an important aspect of any online brokerage firm, and eToro is no exception. eToro offers various channels for customers to get in touch with its support team. These channels include:
Live chat: This is available 24/5, Monday to Friday. It is the fastest and most efficient way to get support.
Email: Customers can send an email to the eToro support team. The response time is usually within 24 hours.
Phone: Customers can also call the support team during office hours. eToro provides local phone numbers for various countries.
Social media: eToro has a presence on various social media platforms, including Twitter and Facebook. Customers can use these platforms to get in touch with the support team.
FAQ section: eToro offers a comprehensive FAQ section on their website that covers a wide range of topics related to their services, trading, account management, and more. The FAQ section is organized into categories, making it easy for users to find answers to their questions quickly.
When it comes to educational resources, Toro offers a variety of educational content to help traders improve their skills and knowledge of the financial markets.
These resources include:
eToro Academy: This is an online education portal that provides traders with a wide range of educational materials, including articles, videos, webinars, and courses on various topics such as trading strategies, market analysis, risk management, and more.
Trading Guides: eToro also offers a series of trading guides that provide in-depth information on various trading topics, including stocks, commodities, currencies, and indices.
Market News and Analysis: eToro provides traders with up-to-date news and analysis on the financial markets. This includes daily market updates, weekly market analysis, and other educational content.
Blog: eToro has a blog that provides traders with the latest news, market analysis, and trading tips.
Virtual Portfolio: eToro offers a virtual portfolio feature that allows traders to practice trading without risking real money. This is a great way for beginners to gain experience and test out their trading strategies before trading with real money. Here is an instructional video for users to know clearly what Virtual Portfolio is:https://www.youtube.com/watch？v=GWK7uQ98KpM.
Overall, eToro is a reputable and user-friendly online trading platform that offers a wide range of financial instruments and trading options to its clients. Its innovative social trading features, intuitive platform, and excellent customer service make it an attractive choice for both beginner and experienced traders. However, it does have some drawbacks, such as relatively high fees, limited research tools, and a lack of advanced charting capabilities.
Q: Is eToro a regulated broker？
A: Yes, eToro is a regulated broker. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) in Europe, the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC) in Australia.
Q: What trading instruments are available on eToro？
A: eToro offers a wide range of trading instruments, including stocks, ETFs, cryptocurrencies, forex, commodities, and indices.
Q: What is the minimum deposit required to open an account on eToro？
A: The minimum deposit required to open an account on eToro varies depending on your location and the type of account you choose. For most countries, the minimum deposit is $500.
Q: Does eToro offer a demo account？
A: Yes, eToro offers a demo account that allows you to practice trading with virtual funds. The demo account is free and can be used for an unlimited period of time.
Q: What is eToro's customer support like？
A: eToro's customer support is available 24/5 and can be reached through email, live chat, and phone. They also have a comprehensive help center and a community forum where you can get answers to common questions and connect with other traders.
|Regulatory status||FCA of the United Kingdom, CYSEC of Cyprus, FSCA of South Africa and FSA of Seychelles.|
|Year(s) of incorporation||10-15 years|
|Market instruments||precious metals, energy, indices and stocks|
|Minimum initial deposit||$200|
|Minimum spread||From 0.0 pips|
|Trading platform||MT5, MT4, own platform|
|Deposit and withdrawal methods||Credit/debit cards, skrill, neteller, neteller|
|Customer Service||E-mail/phone number/address/live chat|
|Fraud allegations||Not yet|
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
- Wide selection of trading instruments
- Easy-to-use and customizable trading platforms
- Detailed table of trading conditions on the instrument screen
- Commission-free quick deposits and withdrawals from Exness
- Educational resources and analysis tools available
- Multilingual customer service
- Limited number of deposit and withdrawal methods
- No trading bonuses or promotions are offered
- Exness proprietary platform may not be suitable for all traders
- Telephone support is not available in some countries .
- It does not offer cryptocurrencies and currency pairs.
|Broker Model||Exness offers tight spreads and fast execution due to its Market Making model.||As a counterparty to its clients' operations, Exness has a potential conflict of interest that can lead to decisions that are not in the best interest of the clients.|
Exness is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Exness acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that Exness has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with Exness or any other MM broker.
|Regulation||Exness is regulated by reputable bodies such as the FCA and CySEC, which provides some protection and security for customers.||Although regulated, Exness has received some penalties and fines in the past, which may be a concern for some customers.|
Exness is a leading forex broker founded in 2008 in St. Petersburg, Russia. The company is based in Cyprus and is regulated by the FCA of the UK, CYSEC of Cyprus, FSCA of South Africa and FSA of Seychelles. The multiple regulation demonstrates its commitment to transparency and security of its clients' funds.
In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.
|Variety of Instruments||Exness offers a wide range of instruments, including precious metals, energy, indices and equities.||However, its offer of currency pairs and cryptocurrencies is limited compared to other brokers.|
Exness offers a wide range of financial instruments for trading, including precious metals, energy, indices and stocks. Traders can access these instruments through the popular MetaTrader 4 (MT4) trading platform or its successor, the MetaTrader 5 (MT5) platform, both available in desktop, web and mobile versions. The platforms are highly customizable and offer a wide range of technical analysis tools and resources. Currently, cryptocurrencies and currency pairs appear to be unavailable.
At Exness, spreads and trading commissions vary depending on the type of account and trading instrument. In general, spreads are low and competitive compared to other Forex brokers. In addition, the detailed trading instrument table provided by Exness allows clients to check spreads, commissions and other important details before opening a position in a particular instrument. For some instruments, such as XAGAUDm, on the standard account, Exness offers average spreads of 9.2 pips, no commissions and a maximum leverage of 1:2000. In addition, clients can adjust the stop loss level according to their needs and trading strategies. In short, Exness offers competitive spreads and commissions, allowing clients to trade efficiently and profitably on a wide variety of trading instruments.
Exness offers standard and professional accounts. The standard account is a commission-free, feature-rich account suitable for all traders, including beginners, offering market execution, stable spreads and no requotes.
The Pro account is an account that can meet the needs of experienced traders. It features ultra-low spreads, even without spreads. Its execution is suitable for scalpers, day traders and algorithmic traders. The professional account has a minimum deposit of $200.
|Trading Platforms||Exness offers several trading platforms, including MT4, MT5 and its own platform.||However, some advanced trading features may be missing from your own platform.|
Exness offers a variety of trading platforms, including the popular MT4 and MT5 trading platforms, available for download on desktop and mobile devices. In addition, Exness also offers its own trading platform, Exness Trader, which is available on the web and mobile devices. The Exness platform offers an intuitive and easy-to-use interface, as well as a wide range of technical analysis tools and resources. Clients can customize the platform according to their needs and preferences, and can also access the automated trading feature through Exness VPS.
|Enables the trader's purchasing power to be increased||Increases the risk of significant losses|
|Facilitates access to markets that otherwise would not be accessible||May lead to overexposure to the market|
|Offers the opportunity to earn higher profits||Margin requirements can be difficult to meet|
|Allows diversification of the trading portfolio||Can cause emotional operations and bad decisions|
|Allows traders to take larger positions||Not suitable for novice traders with no previous experience|
The maximum leverage offered by Exness is up to 1:unlimited, which is a generous offer, ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also cause loss of funds, especially for inexperienced traders. Therefore, it is essential that traders choose the right amount based on their risk tolerance.
|Deposits and Withdrawals||Exness processes deposits in 30 minutes and withdrawals in 24 hours with no fees, making withdrawals fast and convenient.||Deposit and withdrawal methods are limited to bank cards and Perfect Money, which may be a limitation for some customers.|
Exness offers a wide variety of deposit and withdrawal options, including bank card and Perfect Money. The minimum deposit and withdrawal amount is around 10 USD, making it affordable for traders who wish to start with a small amount. Deposits are processed within 30 minutes and withdrawals within 24 hours, ensuring quick availability of funds for traders. It is important to note that although Exness does not charge fees for deposits or withdrawals, credit card providers, banks or payment systems may charge transaction fees or commissions that are beyond their control.
Exness offers a range of educational resources that can help traders improve their understanding of the foreign exchange market and their trading skills. These resources include trading analysis tools, which provide detailed information on trading results and help traders identify patterns and trends. In addition, they offer calculators to help traders calculate trading costs and potential profits. Economic calendars and currency converters are also useful tools for traders who need to keep abreast of economic events and currency fluctuations. Overall, Exness educational resources are an excellent way for traders to learn more about the market and improve their trading strategy.
Exness has a high quality customer support service, which is available in several languages and offers different communication channels to meet the needs of its customers. Users can contact the support team via live chat, email and telephone, and some of these services are available 24 hours a day, 7 days a week. The support staff is highly trained and ready to assist users with any problems or queries they may have. In addition, Exness offers a FAQ section on its website, which covers a wide variety of topics and common questions to help users find answers to their questions quickly and easily.
However, the exness website is only available in Chinese.
In conclusion, Exness is a reliable and well-regulated forex broker, offering a variety of trading instruments and a wide range of trading platforms to meet the needs of its clients. Their focus on transparency and client education is reflected in their educational tools and resources, as well as the detailed information provided on their trading instruments screen. Although its Market Making model may be a disadvantage for some traders, Exness compensates for this with competitive spreads and fast, commission-free deposits and withdrawals. Overall, Exness is a good choice for traders of all experience levels looking for a reliable and transparent Forex broker.
Question: 1. Is it safe to trade with Exness？
Answer: Yes, Exness is a broker regulated by the FCA, CYSEC, FSCA and FSA, which guarantees a high level of security and protection for client funds.
Question: 2. What types of accounts does Exness offer？
Answer: Exness offers several account types, including Standard and Pro accounts, each with different trading conditions.
Question: 3. What is the minimum deposit in Exness？
Answer: The minimum deposit in Exness is around 200 USD.
Question: 4. What trading platforms are available in Exness？
Answer: Exness offers the MetaTrader 4 and 5 trading platform, as well as its own Exness platform.
Question: 5. What are the spreads in Exness？
Answer: Spreads at Exness vary according to account type and trading instrument, but are quite competitive compared to other brokers.
Question: 6. Are there any commissions in Exness？
Answer: Exness does not charge fees, but credit card providers, banks or payment systems may charge transaction fees or commissions.
Question: 7. What deposit and withdrawal methods are available at Exness？
Answer: Exness offers deposits and withdrawals via bank card and Perfect Money.
Question: 8. Does Exness offer educational resources for traders？
Answer: Yes, Exness offers a variety of educational resources, including trading analysis tools, calculators, economic calendars, currency converters and more.
Question: 9. What languages are supported by Exness customer service？
Answer: Exness customer service supports multiple languages, and some services are available 24 hours a day, 7 days a week.
Question: 10. What are the pros and cons of trading with Exness？
Answer: Among the pros of Exness are multiple regulation, variety of account types and trading platforms, competitive spreads and multilingual customer service. Cons include limited deposit and withdrawal methods and lack of advanced technical analysis tools.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive etoro and exness are, we first considered common fees for standard accounts. On etoro, the average spread for the EUR/USD currency pair is -- pips, while on exness the spread is from 0.0.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
etoro is regulated by ASIC,CYSEC,FCA,FSC. exness is regulated by CYSEC,FSCA,FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
etoro provides trading platform including -- and trading variety including --. exness provides trading platform including Null,Vanguard,Zero,Standard and trading variety including Metals, Energy, Stocks, Indices.