This contrast guide helps individuals who struggle to choose between eToro and Finq.com to find the most effective online broker for their trading and financial investment requirements. It assesses the highlights of both brokers side by side to help customers contrast their service and make an informed decision.
To assist customers choose the best broker in between eToro and Finq.com to find the best-suited platform, below is a list of broker’s advantages and disadvantages, followed by a comparison of their main trading functions, consisting of trading platforms & devices, fees, mobile trading, deposit & withdrawal, possessions, guideline, and consumer support.
eToro vs. Finq.com: Summary
eToro is a multi-asset brokerage company with the world’s biggest social trading community (over 30 million users). Their platform and mobile app features are easy to use for beginners and include an intuitive copy trading tool, simple buy & sell orders and free demo account. Users can trade with CFDs on major stocks, ETFs, forex, and cryptocurrencies.
eToro charges 0% commission on stocks, and ETFs. They charge an average spread of 0.9 pips on most forex pairs. eToro’s non trading fees are above average and include overnight, inactivity ($10/month) and currency conversion fees ($5/conversion).
Their customer support is available through email and live chat in Arabic and English.
Finq.com is a CFD broker based in Israel. Although the broker is regulated by the FSA, it is not considered safe. Users can access 2,100 financial instruments, including CFDs on stocks, commodities, forex, ETFs, indices, cryptocurrencies, and bonds. Trading platforms are available as a web version and MT4 integration.
Finq.com trading fees are average compared to similar CFD brokers from the industry. They charge an average floating spread of 0,14 pips on EUR/USD and no commission on CFD trades. There are no additional trading or non-trading fees, such as inactivity, currency conversion, or deposit and withdrawal transaction fees.
Finq.com’s customer support is available by email (support@finq.com), live chat, and WhatsApp in Arabic and English.
Pros
- Low minimum deposit ($50)
- 0% commission stocks and ETF trading
- Easy to use mobile trading app and platforms
- Industry leading social/copy trading app
- Responsive customer support
Cons
- Algorithmic trading not available
- Forex and CFD fees above industry average
- Education and research tools missing
Pros
- Low minimum deposit ($100)
- Competitive spread from 0.14 pips (EUR/USD)
- No hidden fees
- Up to $4,000 welcome bonus for new traders
- $10,000 free demo account
Cons
- Limited regulation
- High minimum deposit of $100
- Lacks educational material and research resources
Key features
- Average trading fees
- Industry leading social/copy trading tool
- Easy buy/sell order types
- Crypto exchange & brokerage services
- Fast registration and KYC on-boarding process
- Multiple payment options
Key features
- Competitive trading fees
- Compatibility with MT4 and TradingCentral
- Access to over 2,100 financial instruments
- Free demo account availability
- Fast registration and KYC on-boarding process
- 24/5 support in English and Arabic
eToro vs. Finq.com Comparison
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eToro
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Finq.com
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | 300:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | $5 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after one year | $50 if no trades after 3 months |
| Cost Per Trade | N/A | 0 |
| Cost Per Month | N/A | 0 |
| Forex (EUR/USD) | 1.1 pip | 0.8 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 5 pip | 0.3 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $100.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 2.800 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 30 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 49 | 55 |
| CFD Indices & Funds | 250 | 50 |
| CFD Stocks | 2800 | 2000 |
| CFD Commodities | 54 | 19 |
| CFD Crypto | 32 | 4 |
| CFD Bonds | 0 | 5 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
eToro vs. Finq.com Comparison Conclusion
The outcomes of our comparison of eToro vs. Finq.com are involved the table below.
| Broker: | Best For: |
| eToro | Stocks and ETFs & Social Copy Trading |
| Finq.com | CFD Trading With Welcome Bonuses |
Picking the right selection between eToro and Finq.com can be tough. Both on-line brokers have resemblances but differ pertaining to trading tools, systems & apps, law, deposit & withdrawals, and study and education and learning. Selecting the very best broker relies on customers’ trading & investment goals, individual preferences, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.