SimpleFX vs. eToro: Which One Suits Your Trading Style?
With so many platforms out there, it’s easy to get stuck. Some feel too complicated, others lack essential features, and hidden fees can quickly affect profits. Finding the right balance between simplicity, cost, and valuable tools isn’t always straightforward.
A platform that doesn’t match your needs can limit your trading options, slow execution, or even cost you more in the long run.
This comparison of SimpleFX vs. eToro lays out the key differences—what each platform offers, where they shine, and where they fall short.
Whether you prefer advanced features and a large community or a straightforward trading experience with more crypto options, you’ll see which one best fits your approach.
Overview: What Are SimpleFX and eToro?
What is SimpleFX?
SimpleFX is an online trading platform that offers a wide range of trading options, including contracts for difference (CFDs), cryptocurrencies, forex, commodities, indices, and precious metals. The platform is known for its intuitive interface, competitive spreads, and flexible account types designed to accommodate various trader profiles.
One of SimpleFX’s standout features is its high leverage. It offers up to 1000x leverage for crypto and forex trading and up to 50x for equities. This makes it an attractive choice for traders looking to maximize their positions with minimal capital.
Founded in 2014, SimpleFX has built a solid reputation over the years. The company was established by a group of professionals who left established financial institutions following Bitcoin’s surge above $1000 at Mt. Gox.
SimpleFX operates under the SimpleFX Group, which includes several entities based in different jurisdictions, such as 8tech Ltd, 8Tech SVG Ltd, and 8tech Ltd.
What is eToro?
eToro is a multi-asset brokerage platform that provides access to stocks, forex, commodities, cryptocurrencies, and ETFs.
What sets eToro apart is its social trading and copy trading features, which allow users to follow and replicate the trades of experienced investors in real time.
Founded in 2007, eToro has grown into one of the most recognized names in online trading. The platform is regulated by top-tier financial authorities, including the FCA (UK), ASIC (Australia), and CySEC (Europe), ensuring a secure and compliant trading environment.
eToro also offers a commission-free trading model for stocks and ETFs, making it an attractive option for long-term investors.
eToro vs. SimpleFX: Main Features
eToro is a multi-asset platform with access to 7,000+ financial instruments, including stocks, ETFs, forex, commodities, indices, and cryptocurrencies. Its social trading network connects over 30 million traders worldwide, allowing users to interact, share insights, and copy top-performing traders through the CopyTrader feature. The platform also offers Smart Portfolios and pre-made investment strategies for diversified exposure.
A demo account with $100,000 in virtual funds lets beginners practice trading risk-free. Security is a priority, with industry-leading protections, and users can benefit from an eToro Money account for instant and free deposits.
SimpleFX is a straightforward trading platform that focuses on cryptocurrency, forex, indices, and commodities. It supports high leverage (up to 1000x) and has a user-friendly interface for quick execution. The platform integrates TradingView charts for advanced technical analysis and offers a demo account, though with a time limit.
One standout feature is SimpleFX Earn, which allows users to stake certain cryptocurrencies and earn interest. It also has a referral program that rewards users for bringing in new traders. While SimpleFX supports multiple payment methods, including cryptocurrencies, it lacks copy trading, social features, and advanced investment tools.
eToro is the more feature-rich option, making it ideal for traders looking for a wide platform with social trading, portfolio management, and diverse assets. SimpleFX is a simpler alternative that is better suited for those focusing on crypto and leveraged trading without additional investment tools.
eToro vs. SimpleFX: Trading Assets
| Asset Class | eToro | SimpleFX |
| Stocks | Yes (Global stocks, including U.S., UK, Europe, and more) | No (Only CFDs on stocks) |
| ETFs | Yes (Global ETFs) | No (Only CFDs on ETFs) |
| Cryptocurrencies | Yes (Bitcoin, Ethereum, Litecoin, etc.) | Yes (Bitcoin, Ethereum, Litecoin, and more) |
| Forex | Yes (Major, minor, and exotic pairs) | Yes (Major and minor currency pairs) |
| Commodities | Yes (Gold, Silver, Oil, etc.) | Yes (Gold, Silver, Oil, etc.) |
| Indices | Yes (S&P 500, NASDAQ, FTSE, etc.) | Yes (Various global indices) |
| Precious Metals | Yes (Gold, Silver, etc.) | Yes (Gold, Silver, etc.) |
| CFDs | Yes (Stocks, Commodities, Forex, Crypto) | Yes (Mainly Forex, Crypto, and Commodities) |
eToro provides a diverse selection of stocks, ETFs, forex, commodities, indices, and cryptocurrencies.
Unlike SimpleFX, it allows users to invest directly in stocks, ETFs, and other assets and offer CFDs. This makes it a strong choice for long-term investors who want exposure to traditional financial markets alongside trading options.
However, its cryptocurrency selection is relatively limited, offering only a curated list of digital assets.
SimpleFX, on the other hand, is a CFD-centric platform, meaning all trades are based on price speculation rather than direct asset ownership. It offers forex, commodities, indices, and a significantly more extensive range of cryptocurrencies than eToro. The platform caters more to traders looking for high leverage and lower spreads, particularly in forex and crypto markets.
If you prioritize stocks, ETFs, and diversified asset classes, eToro is the most suitable. But for those focusing on crypto trading, forex, and leveraged CFD positions, SimpleFX provides greater flexibility—especially for crypto enthusiasts who need access to a broader range of digital assets beyond the limited selection available on eToro.
SimpleFX vs. eToro: Fees
When comparing SimpleFX and eToro fees, both platforms have a no-trading fee policy, but they generate revenue in different ways.
SimpleFX does not charge maker/taker fees or traditional trading commissions. As an STP (Straight Through Processing) forex broker, it primarily earns from spreads and swap fees. The spread, the difference between the buying and selling price, is typically competitive, particularly for forex and crypto trading. The swap fee is a daily charge applied to leveraged positions based on the interest rate difference between the two currencies being traded.
Depending on the position, traders may pay or earn a swap fee, which varies by the trade. Notably, SimpleFX doesn’t charge withdrawal or inactivity fees, making it more cost-effective for traders who frequently withdraw funds or take long breaks from trading.
On the other hand, eToro uses a spread-based pricing model but charges no commission fees for stocks and ETFs, making it attractive for long-term investors. However, its spreads tend to be wider than SimpleFX, especially for CFD trading. eToro also charges overnight fees for leveraged positions, which can be higher than those on SimpleFX.
In addition, eToro imposes a $5 withdrawal fee and a $10 inactivity fee after 12 months of no trading activity. These fees may add up for frequent traders or those who take extended breaks.
So, SimpleFX offers lower trading costs, particularly for forex and crypto, thanks to its narrower spreads, no withdrawal fees, and no inactivity charges. However, eToro is more focused on commission-free stock trading and may appeal to investors looking to hold assets for the long term. For those who are more active or focused on forex and crypto, SimpleFX tends to be the more cost-effective choice.
SimpleFX vs. eToro: User Experience
The overall user experience is an essential factor when deciding between platforms. It can affect everything from how easy it is to execute trades to how comfortable the interface feels.
SimpleFX is built with speed and efficiency in mind. The platform offers a clean, minimalist interface allowing traders to focus on their trades without distractions. It’s designed to be mobile-friendly, allowing users to execute trades quickly and easily on the go. The platform supports web-based and mobile app trading, making it easy for users to access their accounts from any device.
However, while SimpleFX’s interface is intuitive for active traders who prioritize quick execution, it can feel bare-bones for beginners looking for more hand-holding or educational resources.
The platform is optimized for those familiar with trading who want to focus on executing their strategies quickly.
eToro, on the other hand, offers a more feature-rich experience. In addition to traditional trading tools, eToro features a social feed, research tools, and community-driven insights. Traders can view the performance of other users and even follow their trades in real time. This makes eToro an excellent platform for a more interactive and educational trading experience.
However, in the same manner as SimpleFX, while the platform is user-friendly, the sheer number of features and market data available can overwhelm beginners. However, for traders who want to leverage social trading or need more research tools, eToro offers a complete suite of resources that SimpleFX doesn’t provide.
SimpleFX vs. eToro: Security & Regulation
Security is a top priority when choosing a trading platform.
SimpleFX operates from St. Vincent and the Grenadines, so it isn’t heavily regulated. However, the platform implements strong encryption protocols and supports two-factor authentication (2FA) to enhance security.
It’s important to note that SimpleFX is not regulated by any authority in the EU, EEA, or the UK, meaning investor protection programs like the Investor Compensation Fund do not cover traders. The platform also does not provide services to residents of the United States, the EU, the UK, or any country where its services would conflict with local laws.
eToro is regulated by multiple authorities, including FCA (UK), ASIC (Australia), and CySEC (Europe). This regulatory oversight makes eToro a more secure option for investors prioritizing compliance and protection.
If regulation and security are top concerns, eToro offers a safer environment due to its stringent regulatory compliance.
SimpleFX vs. eToro: Customer Support Service
When comparing eToro and SimpleFX customer support, both platforms provide effective assistance, despite some differences in availability and support options.
eToro offers 24/7 support through its AI-powered chatbot, which handles basic inquiries instantly. Users can access live chat with agents around the clock for more complex issues. If needed, users can open a ticket via the Customer Service Center, with a response time of up to 48 hours. eToro Club members get premium support via WhatsApp, directly connecting them with their account manager. The platform also offers a well-organized Help Center with many FAQs and helpful articles.
eToro provides email support in English, French, Spanish, German, Arabic, Italian, and Chinese. Live chat assistance is available exclusively in English.
In comparison, SimpleFX provides 24/5 live chat, with English support throughout the week and Spanish and Portuguese assistance from 14:00 to 22:00 UTC. The live chat service is fast and efficient, providing nearly instant responses.
SimpleFX offers email support and a solid Help Center with FAQs, video tutorials, and guides. However, the platform’s non-English support is more limited, and it lacks the WhatsApp support that eToro offers.
Overall, eToro offers better customer support with premium options like WhatsApp for high-tier members. At the same time, SimpleFX provides quick and efficient live chat support, though with more limited hours for non-English speakers.
SimpleFX vs. eToro: Accessibility
Both eToro and SimpleFX provide strong accessibility features, but eToro has a clear advantage in terms of language support and tools for users with specific needs.
eToro supports over 19 languages, including English, Spanish, Chinese, German, French, Portuguese, and Romanian, making it easier for a global audience to use the platform without language barriers.
Additionally, eToro has developed several accessibility-focused features, such as a customizable widget that enhances readability and usability for users with visual impairments, cognitive disabilities, ADHD, and motor limitations. This allows traders to personalize their experience based on their specific requirements.
The platform is also available as a web and mobile app, ensuring seamless access across different devices.
SimpleFX, on the other hand, supports 14 languages, including English, French, Spanish, Hindi, Russian, Portuguese, and Korean, which still covers a broad audience but slightly fewer regions than eToro.
While it lacks advanced accessibility tools like eToro’s adaptive widget, SimpleFX ensures accessibility by offering its platform in three formats: mobile, desktop, and web. This flexibility allows users to trade from virtually any device.
While both platforms do well in making their services globally accessible, eToro’s wider language support and built-in accessibility features make it the stronger option for users with specific needs. SimpleFX still provides a solid experience, but eToro offers a more inclusive and customizable trading environment.
SimpleFX or eToro: Which is Better?
If you’re looking for a feature-rich, highly regulated, and community-driven trading platform, eToro is the clear winner. It offers a wide range of assets, social trading, copy trading, and smart portfolios, making it ideal for beginners and experienced traders. Its strong security, user-friendly experience, and commission-free stock trading give it a solid edge over SimpleFX.
That said, SimpleFX can be a good alternative for those prioritizing crypto and CFD trading. With higher leverage, a simpler interface, and a wider selection of cryptocurrencies, it caters to traders focusing on these markets. However, it lacks the depth of features, regulatory oversight, and investment options that make eToro a more well-rounded platform.
For most traders—especially those who want a mix of stocks, ETFs, crypto, and advanced trading tools—eToro is the better choice. But if you’re primarily trading crypto and forex CFDs and prefer a no-frills experience, SimpleFX could still be worth considering.
Andrei B
Reporter at Coindoo
