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eToro vs FXCM: Comparison and Analysis

Trying to figure out whether to use eToro or FXCM? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of eToro and FXCM side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
77% of retail investor accounts lose money
eToro review
Open Account
71% of retail investor accounts lose money
FXCM review

Overall Ratings


Rated
77
Rated
81

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • eToro
  • FXCM

Security 95
Security 94

Cost 70
Cost 69

Trading 68
Trading 73

Education 64
Education 83

Company Info


Foundation
2007
1999
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it
en, ar, de, es, fr, gre, heb, po, ind, viet, mal, tag, chi

Leverage


Non-EU Leverage ?
30:1
400:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
1:1
0
Canadian Leverage ?
N/A
50:1

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
IIROC ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
5529
89071
SimilarWeb - Total Visits
22900
807860
Facebook Likes
4691
83544
Twitter Likes
120000
92400
Instagram Likes
88000

Deposit and Withdrawal


Minimum Deposit ?
10 USD
50 USD
Minimum Withdraw ?
50
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
UnionPay, Rapid Transfer, Sofort
Deposit Waiting Time ?
up to 10 minutes
1 business day
Withdraw Waiting Time ?
1 business day
1-2 business days
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
USD
AUD, EUR, GBP, USD, CHF
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
5.0
0.03
Natural Gas ?
10.0
0.01
Silver ?
5.0
0.04
Platinum ?
35.0
Copper ?
2.0
0.00
Soybeans ?
Corn ?
0.64
Gold ?
45.0
0.76

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
1
1.3
USD/JPY Average Spread
1
1.4
USD/CHF Average Spread
1.5
1.7
GBP/USD Average Spread
2
2.0
USD/CAD Average Spread
1.5
2.3
AUD/USD Average Spread
1.0
1.9
NZD/USD Average Spread
2.5
2.1
EUR/GBP Average Spread
2
2.6

Fees on Stocks


Apple
0.0
Facebook
0.0
Alphabet
0.0
Snapchat
0.0
BP
0.0
Tesco
0.0
Barclays
0.0
Lloyds
0.0

Fees on Indices


FTSE100
150
0.96
S&P500
75
0.38
Dow Jones
Nasdaq
100
1.01
CAC40
200
1.24
DAX30
200
1.15
Nikkei 225
1000
8.57
Euro Stoxx 50
300
1.08

Fees on Cryptocurrencies


Bitcoin
1,00%
1
Ethereum
1,00%
0,94
Ripple
1,00%
0,01
Litecoin
1,00%
0,19
Bitcoin Cash
1,00%
3,37
Dash
1,00%
0
Monero
1,00%
0
Neo
1,00%
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, de, es, fr, it
en, ar, de, es, fr, heb, po, ru, it, ur, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
47
39
Crypto ?
47
8
Commodities ?
47
11
Stocks ?
957
15
Indices ?
13
13
ETF ?
145
Futures ?
Options ?
Bonds ?
Metal ?
4
3
Agricultural ?
3
3
Energies ?
2
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
19
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
Crypto, ETF, Penny Stocks, Stocks

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
10$
0.001 lots
Maximum Trade Size ?
20% of the equity
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
67
51
Number Chart Drawing Tools ?
14
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ru
en, ar, de, es, fr, gre, heb, po, ind, viet, mal, tag, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

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.

Demo Account

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.

Minimum Deposit

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.

CFD and Forex Trading

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.

Stock Market

eToro offers over 1,050 stocks and 290 ETFs for trading, while FXCM offers only 15 stocks. eToro offers zero-commission real stocks and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10.

Cryptocurrency Trading

eToro offers 174 crypto assets for trading, while FXCM offers only 7.

Platforms

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.

Education

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.

Better Informed
Find and Compare The Best
Online Broker For You
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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