eToro vs FXCM Forex Broker Comparison
A head-to-head comparison of eToro and FXCM across regulation, trading costs, platforms, and editorial scoring.
Best-in-class social and copy trading on a clean proprietary web/mobile platform. FCA / CySEC / ASIC regulated.
VS
Veteran FCA-regulated broker with strong API support, MT4, and the proprietary Trading Station platform.
Our Verdict
eToro winsby 0.1 pts
eToro edges ahead with a score of 4.2/5 vs FXCM's 4.1/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FXCM offers tighter spreads from 0.4 pips vs 1 pips for eToro, reducing trading costs.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for platform choice
Recommended
FXCM offers more exclusive platform options: MetaTrader 4, NinjaTrader, a proprietary platform.
Best for beginners
Recommended
eToro edges out FXCM with a higher editorial score (4.2/5 vs 4.1/5), indicating a stronger overall experience for new traders.
eToro vs FXCM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 4.1 / 5 |
Fees & Spreads 30% weight | 3.9 / 5 | 4.2 / 5▲ |
Platforms & Tools 20% weight | 4.4 / 5▲ | 4.2 / 5 |
Customer Support 10% weight | 4.2 / 5▲ | 4.0 / 5 |
| Founded | 2007 | 1999 |
| Headquarters | Tel Aviv, Israel | London, United Kingdom |
| Min deposit | $50 | $50 |
| Spreads from | 1 pips | 0.4 pips |
| Commission / lot | N/A | N/A |
| Max leverage | 30:1 | 400:1 |
| Withdrawal fee | USD 5 per withdrawal | Free for first per month |
| Regulators | FCA ASIC AMF CySEC FSRA CMVM Finansinspektionen Finanstilsynet ASF FSC CNB MNB KNF Finanstilsynet HCMC MFSA CMA FSA Seychelles | FCA ASIC |
| Platforms | Proprietary Web/Mobile | MetaTrader 4 Proprietary Web/Mobile NinjaTrader |
| Active bonuses | ||
| Visit broker | Visit eToro | Visit FXCM |
eToro vs FXCM Forex Broker Pros & Cons
Pros
Social and copy trading leader
Multi-asset (stocks, crypto, FX)
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
Mobile trading app available
Proprietary trading platform available
24/5 live chat support
Multilingual customer support
Pros
Strong APIs (REST, FIX)
Trading Station + MT4
FCA regulated
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Wider FX spreads
Withdrawal fee
No raw spread account option
Inactivity fee applies
No MetaTrader support
Limited charting capabilities
Pricing transparency could be improved
No phone support
Cons
Withdrew from US market in 2017
No raw spread account option
Inactivity fee applies
eToro vs FXCM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
eToro
criteria wins
4
FXCM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | eToro | FXCM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Fail | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Fail | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Pass |
eToro vs FXCM: Frequently Asked Questions
Based on our independent editorial scoring, eToro ranks higher with a score of 4.2/5 vs 4.1/5 for FXCM. The best choice still depends on your individual trading needs; eToro and FXCM may each suit different trader profiles.
FXCM offers tighter spreads starting from 0.4 pips, compared to eToro's spreads from 1 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Both eToro and FXCM require a minimum deposit of $50 to open a live trading account.
Both eToro and FXCM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
eToro offers maximum leverage of 30:1, while FXCM offers up to 400:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
eToro supports Proprietary Web/Mobile and FXCM offers MetaTrader 4, Proprietary Web/Mobile, NinjaTrader; both support Proprietary Web/Mobile; FXCM exclusively offers MetaTrader 4, NinjaTrader.
Ready to get started?
Open an account directly with the broker that suits you best.
Score 4.1 / 5
More Broker Comparisons
More eToro comparisons
More FXCM comparisons
Personalised recommendation
Not sure which broker is right for you?
Answer 6 quick questions and we'll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker