In light of recent liquidity issues, we DO NOT RECOMMEND opening an account with FTX Exchange and users should AVOID sending/receiving money through FTX Exchange.

Both FTX and eToro are prominent names in the cryptosphere. But choosing the one ultimate platform which is best among them and fits your trading strategies is quite tricky. 

But don’t worry; I am here with the most concise and sensible comparison between these platforms to help you make the right decision for your trading needs.

So, let’s start with some background about these platforms. 

Still Can't Decide??

  • Upto 500x Leverage on Cryptos

  • No Deposit or Withdrawal Fees

  • Higher Volume & Liquidity 

  • Cold storage for funds

FTX

ftx

FTX is a well-known name among global crypto exchanges. It was founded in 2019 in Antigua and Barbuda. FTX offers a wide range of spot markets and over 150 perpetual futures markets. 

The growth it has achieved in just 3 years is phenomenal, making it the fastest-growing cryptocurrency exchange with a valuation of more than $18 billion, which is quite remarkable for an exchange so young.

eToro

etoro

eToro, on the other hand, was founded in 2017 and is a Tel-Aviv- based exchange. It was initially launched by the name RetailFX in 1994 as an online forex broker and later changed its name to eToro.

eToro made its way into the crypto market with BTC trading and, shortly after that, added ETH and XRP to its crypto offerings. During that time, it was among the first exchanges that enabled users to buy and sell CFDs. 

The company has done a marvellous job is establishing itself in the highly competitive crypto exchange market by continuously improving its crypto trading services.  

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs eToro: Supported Cryptocurrencies

Regarding supported cryptocurrencies, I must say that both FTX and eToro are quite vivid; let’s quickly see what they offer.

FTX

ftx Supported Cryptocurrencies

FTX exchange currently supports more than 260 crypto assets which can be seamlessly used with different products readily available on the platform. These digital currencies include Bitcoin, Dogecoin, Ethereum, Solana, Ripple and 259 more.

eToro

etoro Supported Cryptocurrencies

eToro, on the other hand, offers relatively limited cryptocurrency support, namely 78 of them, which includes all your favourite ones. Some prominent ones are Bitcoin, Ethereum, Bitcoin Cash, Stellar, Litecoin and Tron.

Verdict: FTX offers a wider range of assets in this criterion, with many more supported crypto assets on the platform.

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs eToro: Product Offerings

Regarding product offerings, both FTX and eToro have much to offer in the market; let’s see what these are.

FTX

  • Futures Trading
  • Leveraged Trading
  • Options Trading
  • MOVE Contracts
  • Spot Trading
  • Prediction Markets

eToro

  • CFD Trading 
  • Buy Crypto
  • Staking Crypto
  • Copy Trading
  • Margin Trading

Verdict: Both the exchange platforms offer various products; choosing between them would depend upon your strategy; hence, it’s a tie between FTX and eToro in this criterion.

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs eToro: Order Types

Regarding order types, FTX and eToro offer a wide range of them, which have been highly appreciated by crypto enthusiasts worldwide. Giving you the advantage of the market in various market conditions.

FTX

  • Stop-Loss
  • Take Profit
  • Trailing Stop
  • Post Only
  • Immediate or Cancel (IOC)
  • Reduce Only
  • Market
  • Limit
  • Retry until filled

eToro

  • Market Order
  • Limit Order
  • Fill or Kill Order
  • Good till cancelled (GTC)
  • Iceberg Order
  • Immediate or Cancel (IOC)

Verdict: FTX provides a lot more trade-specific, basic and advanced orders. Therefore, it is the winner in this segment.

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs eToro: Fees Comparison

Both platforms offer a reasonably competitive fee structure; let’s compare them quickly.

FTX- Trading Fees

FTX trading platform follows a maker/taker fee model like many other big wigs in the market for its trading fee structure. 

The maker can be viewed on the order book, adding liquidity to the market. In contrast, the taker doesn’t go on the order book being executed instantly.

To understand the trading fees in detail, please go through the table below:

Tier 30 D Volume (USD) Maker Fees Taker Fees
1 0 0.020% 0.070%
2 >2,000,000 0.015% 0.060%
3 >5,000,000 0.010% 0.055%
4 >10,000,000 0.005% 0.050%
5 >25,000,000 0.000% 0.045%
6 >50,000,000 0.000% 0.040%

Deposit and Withdrawal Fees

  • FTX doesn’t charge you any deposit fees.
  • In case of withdrawals, one fiat withdrawal below $5000 is free every rolling 7-day period.
  • If you stake 25 or more FTT coins, an additional fiat withdrawal of less than $5000 is free of charge.
  • Fiat withdrawals of $5000 and above are free for your first 5 per rolling 7-day period.
Currency Fee
USD 25 USD
CHF 30 CHF
HKD 250 HKD
CAD 100 CAD
GBP 75 GBP
EUR 32 EUR

There are also additional funding fees based on the difference between the spot and perpetual contract market price charged by its trading platform.

eToro

When opening a position on the platform, it charges you a flat 1% buy fee, and while closing the position, it charges you a flat 1% fee as a selling charge. As the fees are in percentages, it is regulated depending on the current price of the crypto asset.

In addition to this, the platform also charges a $5 flat withdrawal fee. Apart from that, there are no commissions or hidden management fees for copy trading. Moreover, the platform is currently offering $100,000 in virtual funds to experiment and learn using the exchange.

Verdict: FTX is clearly the winner in this segment, as it provides a more affordable and straightforward fee structure.

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs eToro: Account Funding Methods

Your accounts on FTX and eToro can quickly be funded via multiple methods. Let’s begin with FTX. 

FTX

  • Method 1: While trading on FTX, you can deposit funds using fiat currencies like USD, CHF, BRL, EUR, GBP, HKD, CAD, AUD, ARS, and GHS.
  • Method 2: FTX also supports credit cards but just for USD. Moreover, you can also convert your local fiat currencies into crypto and place orders.

eToro

  • Method 1: Online Banking service enables instant deposits, but no withdrawals and is available in EUR, DKK, NOK, PLN, GBP, SEK, and CZK.
  • Method 2: eToro Money, Neteller and Skrill PayPal, and Credit/Debit cards allow instant deposits and withdrawals in USD, GBP, EUR and AUD.
  • Method 3: Przelewy and POLi 24 are available in PLN and AUD, respectively, allowing instant deposits and withdrawals.
  • Method 4: Klarna/Sofort, iDEAL Banking can be instantly executed and is available in EUR.
  • Method 5: Bank Transfers require at least 4-7 days for deposits, but withdrawals are instantly available in USD, GBP, and EUR.
  • Method 6: Rapid Transfer allows instant fund deposits but not instant withdrawals and is available in USD, EUR and GBP.

Verdict: eToro is surely the winner in this segment, as it comes with a wider range of deposit methods.

FTX vs eToro: Trading Platform Comparison

Regarding the UI and UX of the trading platforms, both FTX and eToro stand pretty head to head.

FTX

FTX trading platform works flawlessly with all your devices, no matter if it is iOS or Android-supported mobile phones or Windows or Mac PC. Its interface is pretty powerful and offers best-in-class features.

ftx trading ui

One of its most highlighting features that makes it stand apart is its trading view kit which provides a hassle free derivatives trading experience because it provides the best in class charting systems and comes with built-in analysis tools helping you in technical analysis of the market.

eToro

On the other hand, eToro offers a well-designed, easy-to-understand web-based mobile application. Its mobile application supports all the functionality and features of the web platform flawlessly.

etoro trading ui

eToro has a powerful interface with well-functioning trade charts and all the necessary analysis tools readily available on its trading tool kit

FTX vs eToro: Account Types

FTX and eToro also offer multiple accounts selection to choose from depending on your trading needs. Let’s compare them now.

FTX

Tier Requirements Limits
unverified Email
Check for restricted jurisdictions
No ability to trade, withdraw or deposit; just to explore the site.
1 Email 
Full Legal Name
Date of Birth
Country of residence and region/province
Check for restricted jurisdictions
Phone jurisdiction
Crypto-only withdrawals: $2000 USD limit or equivalent per day.

No crypto deposit limit. No fiat deposit or withdrawal.

Enhanced diligence may be required.
 May not be able to trade futures.

2 Full Legal name
Date of birth
Address
Proof of Address/phone jurisdiction
Description of source assets
Passport or other similar government-issued identification
Facial verification
Unlimited crypto and fiat deposits &   withdrawals.

KYC application submission:

  1. Visit the mentioned home page: https://ftx.com/ and register.
  2. https://ftx.com/profile and click on the ‘VERIFY IDENTITY’ option.
  3. Fill out the Level 1 Identity Verification form with the necessary details to get Tier 1 KYC verified (with USD 2k/day withdrawal limits).
  4. Complete the KYC form and upload the required documents to get Tier 2 KYC verified (with unlimited withdrawals).

eToro

In contrast, on eToro, KYC must be registered on the platform. Once your account is verified through KYC, you can enjoy complete access to the platform’s functions.

To verify, you must upload your original ID and address proof. Upload the entire document without cropping or focusing.

Your proof of identity should contain your complete name, date of the birth, clear photograph, and issue and expiry date of the document, which should all be government issued.

The proof of your address must also contain your complete name, and issue date along with the complete address. It should not be older than 3 months. The following documents can be uploaded as your proof of address:

  • Bank Statement
  • House Rental Official Agreement 
  • Letter from your Local municipality
  • Gas bill
  • Phone bill
  • Internet or Council Tax Bill
  • Credit Card Statement
  • Electricity bill
  • Water bill
  • Tax letter

FTX vs eToro: How to get started?

Starting your journey on both platforms is quite simple; let me tell you how it can be done.

FTX

To begin with, FTX, follow these steps:

  1. Begin by registering on the platform using your email ID and a strong password. 
  2. When you want to add funds to your wallet, activate your account using two-factor authentication through the Google Authenticator application. 
  3. To place an order, choose whether you want to go long or short and desired order type. Then, enter the BTC amount to purchase and click on the Buy or Sell tab. 

To exit the trade, you can follow the manual option, take a profit order or place a stop loss.

eToro

Now, to begin with, eToro, follow these steps:

  1. Sign up on the eToro trading platform by entering your data, or sign up using Facebook or Google and submit by clicking the ‘Sign-up’ button.
  2. Now you can verify yourself by going through the KYC procedures and submitting Proof of identity and proof of address documents.
  3. Then you can deposit on the platform by clicking on the “Deposit Funds” tab, entering the amount and selecting the desired currency and your preferred deposit method.

FTX vs eToro: Customer Support

FTX 

FTX offers the best in class customer support with comprehensive and dedicated support for all your queries. Its users have highly rated its service, mentioning them as quite responsive. The team is accessible and can be reached through their official help centre.

The exchange has a carefully designed FAQ section with an adequately compiled and comprehensive module where you can find solutions to almost all of your queries. Moreover, you can also contact its team via Telegram or WeChat.

eToro

In the same way, eToro also offers customer service through support tickets and help centres. eToro’s help centre includes a vast compilation of articles where beginners can quickly learn new skills and use the features of the platform.

The team also appoints designated managers for active traders as well.

FTX vs eToro: Security Features

FTX

FTX implements bank-like security systems on its trading platform to provide a safe and seamless trading experience. FTX stores the majority of your funds in offline cold storage.

It has two-factor authentication readily available on the platform and offers insurance to protect you from any significant cases of price volatility losses.

eToro

eToro is among the most reputable trading exchanges offering a secure ecosystem for a safe trading experience that combines hot and cold wallets, reducing the risk of losing funds due to a hack or any possible system errors.

The platform is affiliated with GK8 encouraging users to set up two-factor authentication (2FA), adding an additional layer of security to the exchange.

  • Is FTX safe?

Yes, FTX is undoubtedly a secure, safe and legitimate platform. It is reputed among beginner and advanced-level traders because of its bank-like regulation and security.

Security on this exchange is impenetrable, which is why there haven’t been any hacks or cyber security breaches on FTX. Moreover, with the insurance features, you can expect a safe and secure crypto trading experience on FTX.

  • Is eToro safe?

On the other hand, eToro also implements state-of-the-art security features and is equally responsible as well as legitimate regarding the exchange’s security. With the GK8 association, a leading cyber security firm,  you can be sure that security is well taken care of at eToro.

Conclusion

Both FTX and eToro are excellent tools for crypto trading. Both platforms are pretty established and are going nowhere, as well as come with top-notch security, so you know that your investments are safe with both of them. 

If you want colossal crypto asset offerings and a wide range of order types, you can opt for FTX, and if you want affordable pricing with comprehensive funding methods, you can choose eToro. Both are striking exchanges, and you won’t regret choosing them.

If you want colossal crypto asset offerings and a wide range of order types, you can opt for FTX, and if you want affordable pricing with comprehensive funding methods, you can choose eToro. Both are striking exchanges, and you won’t regret choosing them.

Still Can't Decide??

  • Upto 500x Leverage on Cryptos

  • No Deposit or Withdrawal Fees

  • Higher Volume & Liquidity 

  • Cold storage for funds