eToro vs. FXCM

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eToro and FXCM are leading online forex brokers with social trading tools. eToro has a long track record, and it offers excellent trading tools. It has a reliable proprietary platform and a dedicated social trading space. eToro has top-tier licenses from the ASIC and FCA. We recommend it for experienced traders, as it has limited research and educational tools. 

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eToro logo

eToro

Open account Read review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

FXCM logo

FXCM

Open account Read review

63% or 74% of retail CFD accounts lose money

BROKER COMPARISON

eToro logo
FXCM logo

Overall rating

4,9/5

4,0/5

Overall rating

4,9/5

4,0/5

Trading Platform & Tools

4.9

4.7

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:30 1:400
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.8

3.4

See details
Withdrawal Fee $5 $40
Deposit Fee 0 0
Inactivity Fee $10 a month after one year $50 per year after 12 months
Cost Per Trade N/A 0
Cost Per Month N/A 0
Forex (EUR/USD) 1.1 pip 0.2 pips
Stocks & ETF 0 0
CFD (Gold) 5 pip 0.5 pips
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

4.9

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

2.5

See details
Minimum deposit (in UAE) $100 $300
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

2.0

See details
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 45
CFD Indices & Funds 250 15
CFD Stocks 2800 219
CFD Commodities 54 12
CFD Crypto 32 7
CFD Bonds 0 1
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

5.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

5.0

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

FXCM is one of the leading forex brokers with beginner-friendly and advanced trading tools. It has an excellent education portal with tutorials and forex education topics. FXCM offers professional research tools and MT4. It has licenses from the IIROC, ASIC, and FCA. It is a top choice for traders of all levels of experience as it has a versatile portfolio. 

This article discusses the strengths and weaknesses of eToro and FXCM. 

Top findings from the eToro vs. FXCM review:  

  1. eToro is the leading social trading broker with access to major forex pairs. 
  2. FXCM is the leading forex broker with a reliable educational portal. 
  3. Both brokers offer an active trader discount and a virtual trading account. 

We recommend eToro to advanced traders who want access to premium social trading tools. FXCM is a better choice for beginners, as it offers valuable educational materials. 

FXCM is one of the leading forex brokers with beginner-friendly and advanced trading tools. It has an excellent education portal with tutorials and forex education topics. FXCM offers professional research tools and MT4. It has licenses from the IIROC, ASIC, and FCA. It is a top choice for traders of all levels of experience as it has a versatile portfolio. 

This article discusses the strengths and weaknesses of eToro and FXCM. 

Top findings from the eToro vs. FXCM review:  

  1. eToro is the leading social trading broker with access to major forex pairs. 
  2. FXCM is the leading forex broker with a reliable educational portal. 
  3. Both brokers offer an active trader discount and a virtual trading account. 

We recommend eToro to advanced traders who want access to premium social trading tools. FXCM is a better choice for beginners, as it offers valuable educational materials. 

Level of experience  

eToro is the leading social trading broker with professional tools. It offers premium research tools, including social sentiment and an economic calendar. eToro has limited research and education tools, which is why it’s a better choice for experienced traders. 

FXCM has many platform choices to match different trading styles and skills. It offers a reliable educational portal with helpful information. FXCM has forex education, webinars, and beginner and advanced trading videos. It is a top choice for new traders. 

Fees  

eToro has an initial deposit fee of $100, while FXCM starts from $50-£300, depending on your location. The average EUR/USD spread at eToro is 1, while at FXCM is 1.4. Both brokers offer an active trader discount. 

Assets  

eToro has 47 forex currency pairs, while FXCM has 39 available pairs. eToro offers access to 2314 CFDs, while FXCM has 82 available CFDs. 

Trading platform  

eToro has an outstanding social trading experience with dedicated platforms and tools. It offers a virtual trading account and a reliable social trading app. eToro is a top choice for professional traders, as its market data is limited. 

FXCM has a proprietary platform, Trading Station, and MetaTrader4. It provides access to many technical indicators and advanced tools. FXCM is a recommended choice for new traders because of its dedicated learning center. It provides access to third-party market data and daily technical levels. 

Banking services  

Banking services contribute to an excellent online trading experience. eToro has six funding solutions, including bank transfers, credit/debit cards, PayPal, and Skrill. FXCM offers bank transfers, credit/debit cards, and Skrill. 

Final verdict  

eToro and FXCM are leading online brokers. Both have strengths and weaknesses depending on your trading skills, knowledge, and needs. We recommend eToro to advanced traders who want access to premium social trading tools. FXCM is a better choice for new investors, as it has a dedicated learning center. 

eToro compared to other brokers:

eToro review

Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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