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 and ATFX differ in their regulatory credentials and trust ratings, offering valuable insights for potential investors. Established in 2007, eToro holds three Tier-1 licenses, marking it as a highly trusted platform according to ForexBrokers.com. With a Trust Score of 93 out of 99, eToro is considered highly reliable. Not being a publicly traded company or a bank doesn't deter its reputation in the online trading community.
In contrast, ATFX, founded in 2017, boasts four Tier-1 licenses, indicating strong regulatory oversight as well. Holding a Trust Score of 85, it aligns with being a trusted brokerage. Like eToro, ATFX is neither listed on a stock exchange nor classified as a bank. These factors contribute to their distinct investor confidence ratings, helping traders make informed decisions.
| Feature |
eToro
|
ATFX
|
|---|---|---|
| Year Founded | 2007 | 2017 |
| Publicly Traded (Listed) | No | 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 online brokers based on commissions and fees, eToro and ATFX offer different advantages and considerations. eToro operates as a market-maker broker and offers a variable spread starting at 1 pip on the EUR/USD pair, which is slightly above the industry average. However, traders are often drawn to eToro not for its spreads but for its unique social copy trading platform. Additionally, eToro provides a VIP club with five membership tiers, ranging from Silver to Diamond, designed for traders with balances from $5,000 to $250,000. These tiers offer benefits like access to Trading Central, discounted fees, and a dedicated account manager.
As for ATFX, specific average spread data is not available, making direct comparison on spreads challenging. Nonetheless, users might consider other decision factors beyond just fees. When rated for commissions and fees, eToro earns a commendable 4.5 stars, while ATFX receives a rating of 3 stars. This suggests that eToro may offer more favorable terms in this category, but each trader's preferences and trading style could lead to a different choice.
Regarding rankings, eToro is positioned at #22 for commissions and fees among 62 brokers according to ForexBrokers.com, highlighting its competitive standing in the market. Conversely, ATFX holds the #59 rank, indicating a lower competitive edge in this specific category. Choosing between eToro and ATFX ultimately depends on the individual trader’s priorities, such as the value placed on social trading capabilities and VIP benefits versus other trading costs or features.
| 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 |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments offered by online brokers, eToro and ATFX are quite distinct. eToro offers a massive selection, boasting 5,461 tradeable symbols, including 55 forex pairs. It provides investors the opportunity to trade both CFDs and spot contracts. Additionally, eToro allows users to buy exchange-traded securities on both U.S. and international exchanges, making it easy to invest in well-known companies like Apple and Vodafone. Unlike ATFX, eToro also supports buying actual cryptocurrencies alongside cryptocurrency derivatives, giving users more flexibility. Moreover, both platforms support copy trading, but eToro's wider variety of options earns it a higher rating.
ATFX, on the other hand, offers a more focused portfolio with 150 tradeable symbols, including 44 forex pairs. Although it supports both CFDs and spot forex contracts, ATFX does not offer access to exchange-traded securities on any international or U.S. exchanges. Investors have the option to trade cryptocurrency derivatives but cannot purchase actual cryptocurrencies directly through ATFX. While it shares features like copy trading with eToro, ATFX's more limited range of investments reflects its lower rating of 3.5 stars out of five and a ranking of 57 out of 62 in the Range of Investments category by ForexBrokers.com. eToro takes the lead in offering a more comprehensive investing platform, reflected in its higher ranking and five-star rating.
| 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.
eToro and ATFX both provide traders the opportunity to practice with virtual demo accounts, offering a risk-free environment to hone their skills. eToro features its own in-house developed trading platform, accessible via web browsers, and allows users to engage in copy trading. Despite lacking options like MetaTrader 4 and 5, eToro stands out with a high number of drawing tools for chart analysis and a streamlined watch list with six fields. While it doesn’t offer direct trading from charts, eToro’s platform has earned a strong reputation, securing a 4.5-star rating and ranking 8th among 62 brokers, reflecting its user-friendly approach and effective tools.
ATFX, on the other hand, offers a downloadable desktop platform compatible with Windows, as well as a web-based option. While not proprietary, ATFX leverages popular software like MetaTrader 4 and 5 that appeals to traders accustomed to these platforms. ATFX supports copy trading but falls short in some areas like charting tools, providing fewer drawing tools than eToro. It does, however, allow direct trading from stock charts and offers an extensive watch list featuring seven columns. Despite these functionalities, ATFX’s trading platform and tools hold a 3.5-star rating and rank 61st, indicating room for improvement in providing a more comprehensive trading experience.
| 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.
Both eToro and ATFX offer mobile trading apps compatible with iPhone and Android devices, allowing traders to conveniently engage in stock and forex trading on the go. These apps provide essential features like stock or forex price alerts and the ability to create watchlists with real-time quotes. However, eToro stands out with its watchlist symbol syncing feature, which ensures seamless integration between the app and the online account. In terms of technical studies available for charting, eToro offers 104 compared to ATFX's 7, offering a more comprehensive analytical experience. While eToro doesn’t support drawing trendlines, ATFX does, along with auto-saving chart drawings, which can be a useful feature for some traders.
Both brokers cater to traders with the ability to view multiple time frames on charts, but they differ significantly in user satisfaction ratings. eToro shines with a 4.5-star rating, ranking 11th out of 62 brokers by ForexBrokers.com for mobile trading apps. On the other hand, ATFX holds a 3.5-star rating and is ranked 62nd in the same list. This significant contrast in ratings and rankings highlights eToro's edge in providing a better overall mobile trading experience, making it a strong contender for traders looking for a feature-rich trading app.
| 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 choosing between eToro and ATFX for market research resources, both platforms offer daily market commentary and have economic calendars displaying global news events. However, there are notable differences in their offerings. eToro lacks forex news from top-tier sources like Bloomberg and Reuters, a shortfall it shares with ATFX. However, eToro does provide market research insights through TipRanks and features sentiment-based trading tools, which ATFX does not offer. On the other hand, ATFX stands out with tools from Autochartist, enhancing its technical and fundamental analysis capabilities, a feature absent from eToro's offerings. Both brokers provide access to Trading Central's analytical tools, ensuring traders have top-tier technical insights.
In terms of overall research rating, eToro garners a score of 4.5 out of 5 stars, placing it at 13th among 62 brokers reviewed by ForexBrokers.com. ATFX, in contrast, has a lower research score of 3 stars and ranks at 54th. These rankings highlight eToro's broader array of research tools and resources, offering traders a more diverse set of insights and tools compared to ATFX. Ultimately, the choice between these two brokers will depend on the trader's specific research needs and preferences in utilizing additional tools for informed decision-making.
| 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.
When comparing the educational resources offered by eToro and ATFX for beginners, several key differences emerge. eToro stands out with its commitment to beginner traders by providing a variety of educational materials such as articles, videos, and archived webinars focused on forex and CFDs. In contrast, while ATFX also offers a minimum of 10 educational pieces, it does not host monthly online educational webinars for clients as eToro does. Furthermore, both platforms provide searchable archives of recorded webinars, and each offers at least 10 beginner videos to help newcomers grasp trading basics. However, when it comes to advanced educational content, eToro exceeds expectations by presenting over 10 advanced videos, in contrast to the more limited offering from ATFX.
Additionally, both platforms boast an investor dictionary with definitions for at least 50 investing terms, aiding users in understanding complex financial jargon. However, eToro's comprehensive educational offerings have earned it a superior 4.5-star rating and a #5 ranking in the Education category by ForexBrokers.com, compared to ATFX's 3-star rating and #28 ranking. This indicates that eToro is particularly suitable for those seeking a well-rounded introduction to trading, with advanced resources readily available as their knowledge deepens.
| 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 62 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 |
|
|
| Trust Score | 93 | 85 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | eToro | ATFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | ATFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | eToro | ATFX | |
|---|---|---|---|
| Trust Score | 93 | 85 | |
| Year Founded | 2007 | 2017 | |
| Publicly Traded (Listed) | No | 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill