eTorovs
FXCMForex Broker Comparison
Two well-regulated brokers, eToro and FXCM, clash on platform choices and instrument breadth. The tension centers on proprietary social trading versus broader MT4/MT5 compatibility and instrument counts.
Our Verdict
eToro winsby 0.1 pts
eToro and FXCM are closely matched overall. The clearest differentiator is instrument variety, with eToro offering about 3000 instruments versus FXCM's 400.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Instrument universe: 3000 assets at eToro vs 400 at FXCM.
- 2MT4/MT5 availability: FXCM supports MT4/MT5, eToro does not.
- 3Advanced charting tools: FXCM provides advanced charting capabilities.
Who should choose eToro vs FXCM?
Find out which broker best suits your trader profile.
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 0.40 pips vs 1.00 pips for eToro, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
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 |
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
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
The scores are close: eToro rates 4.2/5 and FXCM rates 4.1/5. eToro has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FXCM starts from 0.4 pips, tighter than eToro's 1 pips. Tighter spreads lower the cost per trade, which matters most 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. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
eToro lists maximum leverage of 30:1, while FXCM lists up to 400:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
eToro supports Proprietary Web/Mobile, while FXCM supports ZuluTrade, Proprietary Web/Mobile, MetaTrader 4, NinjaTrader. Both provide Proprietary Web/Mobile. FXCM has exclusive access to ZuluTrade and MetaTrader 4 and NinjaTrader.
