General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
Security and Rating
Both eToro and FXCM are highly regulated, but FXCM has more regulations than eToro. eToro is regulated by CySEC, ASIC, and FCA, while FXCM is regulated by FCA, ASIC, FSCA, CySEC, ISA, and IIROC. eToro has a security rating of 95, which is slightly higher than FXCM’s rating of 94.
Both eToro and FXCM offer unlimited demo accounts with virtual funds of $100,000 and $50,000, respectively. Multiple demo accounts can be opened with the same email address for FXCM.
eToro has a higher minimum deposit requirement than FXCM for UK and EU clients. eToro requires a minimum deposit of $200 for most countries ($50 for some), while FXCM requires a minimum deposit of $50 for non-EU clients and $300 for UK and EU clients.
Social Trading and Copy Trading
eToro is the best player at offering copy and social trading, while FXCM offers copy trading through third-party platforms such as ZuluTrade and Tradingview.
eToro offers a range of CFD trading options, including forex, commodities, indices, crypto assets, stocks, and ETFs. FXCM is a CFD broker, which means that the assets are provided as CFDs. For this reason, the broker is recommended for short-term traders. eToro offers over 1,050 stocks and 290 ETFs for trading, while FXCM offers only 15 stocks. eToro offers zero-commission real stocks (other fees may apply) and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10. eToro offers 80 crypto assets for trading, while FXCM offers only 7.
eToro’s proprietary platform is available via web and mobile devices and is user-friendly, specialized in copy and social trading. FXCM offers the Trading Station platform, which is available via desktop, web, and mobile, as well as MT4 available via webtrader, desktop, and mobile.
Both eToro and FXCM offer a range of educational resources for traders. eToro provides high-quality education material, including blog articles, fintech guides, and trading videos, webinars, and seminars. FXCM offers FAQs, trading guides, and a research section.
In conclusion, both eToro and FXCM offer a range of features and benefits for traders. eToro is a good choice for traders who want to invest in a range of CFD trading options, including forex, commodities, indices, crypto assets, stocks, and ETFs, as well as for long-term investments. eToro’s social trading service is also a standout feature. FXCM is a good choice for traders who want to invest in CFDs and forex trading, as well as for short-term traders. Ultimately, the choice between the two brokers will depend on your individual needs and preferences.