Written by ForexBrokers.com
In this head to head comparison of eToro vs ATFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
eToro, established in 2007, is a prominent online brokerage platform known for being publicly traded, which adds an extra layer of credibility. Although not a bank, eToro holds 3 Tier-1 licenses, signifying high trust, and 1 Tier-2 license, which is considered trusted. With an impressive Trust Score rating of 96 out of 99 from ForexBrokers.com, eToro stands out as a highly trusted broker for trading enthusiasts.
In contrast, ATFX, founded a decade later in 2017, is not publicly traded but holds 4 Tier-1 licenses, the highest level of trust. Additionally, ATFX has acquired 2 Tier-2 licenses. While also not functioning as a bank, ATFX has earned a Trust Score rating of 85, indicating a trusted status according to ForexBrokers.com ratings. Both eToro and ATFX offer reliable services, but differ in their licensing and trust ratings, providing options for those seeking a trusted trading platform.
| Feature |
eToro
|
ATFX
|
|---|---|---|
| Year Founded | 2007 | 2017 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 4 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers eToro and ATFX, it's essential to consider the distinct approaches each platform employs. eToro is a market-maker broker known primarily for its innovative social copy trading platform rather than its trading fees. The broker lists a typical variable spread of 1 pip on the EUR/USD, which tends to be slightly higher than the industry average. Despite this, eToro is awarded a 4.5-star rating for its commissions and fees, ranking it #22 out of 63 brokers according to ForexBrokers.com. Additionally, eToro offers a VIP Club with five tiers ranging from Silver to Diamond, providing benefits like access to Trading Central and discounted withdrawal and deposit fees.
In contrast, ATFX doesn't provide specific average spread data, making direct comparisons challenging. However, it receives a 3-star rating for commissions and fees. Within the ForexBrokers.com rankings, ATFX holds the #60 position out of 63 brokers. While both brokers offer unique benefits, users need to consider their trading priorities and platform preferences when making a choice, especially with the lack of specific fee information from ATFX.
| Feature |
eToro
|
ATFX
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $500 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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When comparing the investment options available on eToro and ATFX, eToro emerges as the more versatile platform, offering 5,461 tradeable symbols compared to just 150 by ATFX. Both platforms provide forex trading through CFDs or spot contracts, with eToro slightly ahead with 55 forex pairs compared to ATFX's 44. However, what truly sets eToro apart is its extensive range of exchange-traded securities on U.S. and international exchanges, enabling clients to purchase shares like Apple and Vodafone directly. In contrast, ATFX lacks offerings of exchange-traded securities on these markets, limiting its appeal for those interested in direct stock ownership.
Additionally, eToro allows clients to buy actual cryptocurrency, whereas ATFX confines itself to cryptocurrency derivatives. Both platforms support copy trading, catering to investors interested in mimicking the trades of successful traders. In terms of rankings, eToro scores a solid 5-star rating for its investment range, achieving the 10th position out of 63 brokers evaluated by ForexBrokers.com. ATFX, although providing essential investment services, falls short with a 3.5-star rating, landing at the 57th position. This comparison highlights eToro's broader spectrum of investment opportunities, making it a more comprehensive choice for investors seeking diverse trading options.
| Feature |
eToro
|
ATFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 150 |
| Forex Pairs (Total) | 55 | 44 |
| 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 (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of eToro and ATFX, both brokers offer a virtual demo account, allowing traders to practice without any financial risk. eToro provides an in-house developed trading platform that runs via a web browser, offering a user-friendly experience tailored towards social and copy trading functionalities. In contrast, ATFX doesn't have a proprietary platform but supports the popular MetaTrader 4 and 5, which are accessible through both desktop and web-based applications. This grants ATFX users the flexibility of a Windows-based desktop platform, which eToro does not offer. For those interested in copy trading, both brokers provide such services, but neither supports DupliTrade or ZuluTrade.
eToro excels in its variety of drawing tools for charting, offering 161 tools compared to ATFX's 15. Additionally, eToro's watch lists feature six customizable columns, slightly less than the seven available in ATFX. However, ATFX gains an edge for traders who prefer to trade directly from a stock chart, a feature not available with eToro. Despite these differences, eToro has earned a higher satisfaction rating of 4.5 stars versus ATFX's 3.5 stars in the Trading Platforms and Tools category. According to ForexBrokers.com, eToro ranks eighth out of 63 brokers, indicating strong platform capabilities, whereas ATFX ranks at number 62, which may reflect more limited offerings in comparison.
| Feature |
eToro
|
ATFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and ATFX both offer mobile trading apps for iPhone and Android users, providing essential convenience for traders on the go. Both apps deliver stock and forex price alerts and enable the creation of watchlists with real-time quotes. However, eToro stands out by offering watchlist symbol syncing, allowing seamless integration between mobile and online accounts. When it comes to technical studies, eToro provides a far more comprehensive selection with 104 options compared to ATFX's 7, which can significantly enhance trading strategies for users who prioritize advanced charting capabilities.
In terms of charting features, ATFX allows users to draw trendlines and auto-saves drawings, which eToro does not offer. Despite this, eToro enables the viewing of multiple different time frames on charts, a feature equally available on ATFX. When considering the overall user experience and capabilities, eToro is rated higher with 4.5 stars versus ATFX's 3.5 stars. According to ForexBrokers.com, eToro is ranked #10 out of 63 brokers in the Mobile Trading Apps category, whereas ATFX ranks at #63, showcasing eToro as a more popular choice among traders seeking comprehensive mobile trading solutions.
| Feature |
eToro
|
ATFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 7 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing eToro and ATFX in terms of market research, both platforms offer daily market commentary and economic calendars, providing users with a steady stream of updates and information about global events. However, users looking for detailed insight through well-known news providers might find both platforms lacking, as neither broker offers forex news from top-tier sources like Bloomberg or Reuters. For traders interested in technical analysis tools, eToro and ATFX each provide resources from Trading Central, ensuring access to a range of analytics features. Yet, only ATFX supplements its service with tools from Autochartist, while eToro stands out by offering a sentiment-based trading tool to gauge the current market trends through the position ratios across currency pairs.
In terms of exclusive market research tools, eToro provides insights from TipRanks, a feature missing from ATFX's offering. Overall, in the domain of market research, eToro appears superior, boasting a 4.5-star rating and securing the 13th spot out of 63 brokers on ForexBrokers.com. In contrast, ATFX holds a lower rating of 3 stars and is ranked 54th. As such, individuals prioritizing comprehensive and varied research options might find eToro to be the more appealing choice compared to ATFX, which offers a more limited range of research tools.
| Feature |
eToro
|
ATFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders seeking online education in forex and CFDs, both eToro and ATFX offer a variety of resources. eToro stands out by providing educational content through various formats, including articles, videos, archived webinars, and live online webinars at least once a month. This availability of live webinars is an area where ATFX falls short, as they do not offer this feature. Both platforms offer a searchable archive of past webinars, ensuring that learners can access content at their convenience. Furthermore, eToro excels in offering extensive beginner and advanced video tutorials, catering to traders at different experience levels, while ATFX provides beginner videos but lacks advanced content.
Both eToro and ATFX have investor dictionaries, with definitions of over 50 investing terms, which can be extremely useful for newcomers looking to understand trading jargon. However, when it comes to overall educational quality and ranking, eToro garners a 4.5-star rating and holds the 5th position out of 63 brokers in the ForexBrokers.com education category. In contrast, ATFX receives a 3-star rating and is ranked 28th, marking a significant difference in the depth and breadth of their educational offerings. As a beginner, choosing eToro could provide more comprehensive learning opportunities in a structured and accessible manner.
| Feature |
eToro
|
ATFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than ATFX. eToro finished with an overall rank of #9, while ATFX finished with an overall rank of #51.
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.
| Feature |
eToro
|
ATFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 85 |
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eToro allows investors to purchase both actual delivered cryptocurrencies and cryptocurrency derivatives, whereas ATFX focuses solely on offering cryptocurrency derivatives without the option for buying actual delivered cryptocurrencies.
When comparing online brokers eToro and ATFX, eToro provides more diverse options for depositing and withdrawing funds, including ACH, SEPA transfers, and PayPal—options that ATFX lacks—while both platforms support Skrill, Visa/Mastercard, and bank wires.
Please 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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0 of 5| Overall Rating | eToro | ATFX | |
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| Trust Score | 96 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review |
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| Regulation | eToro | ATFX | |
|---|---|---|---|
| Trust Score | 96 | 85 | |
| Year Founded | 2007 | 2017 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 4 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | ATFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | ATFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | ATFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 150 | |
| Forex Pairs (Total) | 55 | 44 | |
| 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 (Derivative) | 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). |
| Cost | eToro | ATFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | ATFX | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | ATFX | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | ATFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | ATFX | |
|---|---|---|---|
| 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 | 104 | 7 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | ATFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | ATFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | ATFX | |
|---|---|---|---|
| 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 |
| Overall | eToro | ATFX | |
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| Trust Score | 96 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review |
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