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eToro vs TopFX 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is eToro better than TopFX? In our analysis of 23 international regulators across 62 of the best forex brokers, eToro is considered low-risk, with an overall Trust Score of 93 out of 99. TopFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingeToroTopFX
Overall Rating 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score 93 67
Winner check_circle
Review eToro Review TopFX Review
RegulationeToroTopFX
Trust Score 93 67
Year Founded 2007 2010
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No info
Tier-1 Licenses 2 0
Tier-2 Licenses 1 1
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)eToroTopFX
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)eToroTopFX
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)eToroTopFX
SCB Authorised (Bahamas) No No
FSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentseToroTopFX
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 3458 655
Forex Pairs (Total) 49 60
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) Yes No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CosteToroTopFX
Average Spread EUR/USD - Standard 1 info N/A info
All-in Cost EUR/USD - Active N/A N/A info
Active Trader or VIP Discounts Yes No
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingeToroTopFX
Minimum Deposit $10-$10,000 Depends on payment method
PayPal (Deposit/Withdraw) Yes Yes
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformseToroTopFX
Proprietary Platform Yes No
Desktop Platform (Windows) No Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No No
cTrader No Yes
DupliTrade No No
ZuluTrade No No
Trading Platforms Gallery (click to expand)
eToro web trading platformzoom_in eToro web trading platformzoom_in eToro web trading platform CopyPortfoliozoom_in eToro research crypto market reportszoom_in eToro web trading platform CopyPortfolioszoom_in eToro web trading platform CopyPortfolios trade ticketzoom_in eToro web trading platform cryptocurrency watchlistzoom_in eToro web trading platform EUR/USD feedzoom_in eToro web trading platform forex pairszoom_in eToro web trading platform copierszoom_in
TopFX MetaTrader 4 desktop trading platformzoom_in TopFX MetaTrader 4 desktop trading platform chartszoom_in TopFX cTrader web trading platformzoom_in TopFX cTrader desktop trading platform chartszoom_in TopFX cTrader desktop trading platformzoom_in TopFX cTrader desktop trading platform algo tradingzoom_in TopFX cTrader desktop market order windowzoom_in
Trading ToolseToroTopFX
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 6 7
Charting - Indicators / Studies (Total) 66 30
Charting - Drawing Tools (Total) 13 15
Charting - Trade From Chart No Yes
Charts can be saved Yes Yes
Mobile TradingeToroTopFX
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 5 30
Mobile Charting - Draw Trendlines No Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar No Yes
Mobile Trading Gallery (click to expand)
eToro mobile trading appzoom_in eToro mobile trading app basic chart viewzoom_in eToro mobile trading app chartszoom_in eToro mobile trading app market feed newszoom_in eToro mobile trading app popular investors copy tradingzoom_in eToro mobile trading app trade ticketzoom_in eToro mobile trading app watchlistzoom_in
TopFX MetaTrader 4 MT4 mobile trading appzoom_in TopFX MetaTrader 4 MT4 mobile trading app watchlistzoom_in TopFX MetaTrader 4 MT4 mobile trading app chartszoom_in TopFX MetaTrader 4 MT4 mobile trading app economic calendarzoom_in
ResearcheToroTopFX
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) No Yes
Autochartist No Yes
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
Research Gallery (click to expand)
eToro web trading platform forex pairs and sentimentzoom_in eToro blog news and analysis research articleszoom_in eToro blog news and analysiszoom_in
TopFX cTrader web cTraderCopy strategieszoom_in TopFX cTrader desktop economic market newszoom_in TopFX cTrader desktop economic calendarzoom_in TopFX cTrader desktop cTraderCopyzoom_in
EducationeToroTopFX
Has Education - Forex or CFDs Yes No
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes No
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes No
Education Gallery (click to expand)
eToro educational courses videozoom_in eToro YouTube channelzoom_in eToro YouTube channelzoom_in
TopFX educational videos Facebook pagezoom_in TopFX client portalzoom_in
Major Forex PairseToroTopFX
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
Review eToro Review TopFX Review
OveralleToroTopFX
Overall Rating 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score 93 67
Winner check_circle
Review eToro Review TopFX Review
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eToro vs TopFX Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs TopFX.

Does eToro or TopFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, eToro offers better pricing overall for traders.

Is eToro or TopFX safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. eToro holds 2 global Tier-1 licenses, while TopFX holds 0. Both eToro and TopFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, eToro earned a higher Trust Score than TopFX.

Which trading platform is better: eToro or TopFX?

To compare the trading platforms of both eToro and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, eToro offers superior market research. Finally, we found eToro to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.eToro and TopFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

TopFX provides traders 60 currency pairs (e.g., EUR/USD) compared to eToro's 49 available pairs. Forex pairs aside, eToro offers traders access to 3458 CFDs while TopFX has 655 available CFDs, a difference of 2803.

Can I trust eToro?

eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust TopFX?

TopFX is not publicly traded and does not operate a bank. TopFX is authorised by zero tier-1 regulators (high trust) and one tier-2 regulator (average trust).

Is eToro good?

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.

Is TopFX good?

TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

Overall winner: eToro

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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