eToro vs FXTM Forex Broker Comparison
A head-to-head comparison of eToro and FXTM 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
CySEC and FCA-regulated broker with broad emerging-market reach, strong copy trading via MyFXBook integration, and a low $10 minimum deposit that makes it accessible to first-time traders.
Our Verdict
Too close to call
eToro and FXTM are extremely closely matched with scores of 4.2/5 and 4.2/5. The right choice depends on your individual trading priorities.
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
eToro offers tighter spreads from 1 pips vs 1.5 pips for FXTM, 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 active traders
It's a tie
Both equally suited
Both brokers offer equivalent trading costs across spreads, commissions, and account types.
Best for platform choice
Recommended
eToro offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
Both brokers share the same editorial score of 4.2/5, but FXTM requires a lower minimum deposit ($10 vs $50 for eToro), making it more accessible for new traders.
eToro vs FXTM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 4.2 / 5 |
Fees & Spreads 30% weight | 3.9 / 5 | 3.9 / 5 |
Platforms & Tools 20% weight | 4.4 / 5▲ | 4.0 / 5 |
Customer Support 10% weight | 4.2 / 5 | 4.3 / 5▲ |
| Founded | 2007 | 2011 |
| Headquarters | Tel Aviv, Israel | Limassol, Cyprus |
| Min deposit | $50 | $10 |
| Spreads from | 1 pips | 1.5 pips |
| Commission / lot | N/A | N/A |
| Max leverage | 30:1 | 1000:1 |
| Withdrawal fee | USD 5 per withdrawal | Free |
| Regulators | FCA ASIC AMF CySEC CMVM FSRA Finansinspektionen Finanstilsynet CMA ASF FSC CNB MNB KNF Finanstilsynet HCMC MFSA FSA Seychelles | FCA FSCA CySEC FSC |
| Platforms | Proprietary Web/Mobile | MetaTrader 4 MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit eToro | Visit FXTM |
eToro vs FXTM 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
Low $10 minimum deposit on Micro accounts
Strong copy trading via FXTM Invest platform
Extensive education - webinars, video courses, and market analysis
Multilingual support in 20+ languages
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
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
Standard account spreads are not ECN-competitive
Platform choice limited to MT4 and MT5
Mauritius FSC entity offers less investor protection than FCA/CySEC
No proprietary platform
Limited charting capabilities
eToro vs FXTM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
eToro
criteria win
5
FXTM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | eToro | FXTM |
|---|---|---|
| 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 | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Fail | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Fail | Pass |
| Proprietary platform | Pass | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Pass |
eToro vs FXTM: Frequently Asked Questions
eToro and FXTM share the same editorial score of 4.2/5. The right choice depends on your priorities: trading costs, platform preference, or regulatory coverage.
eToro offers tighter spreads starting from 1 pips, compared to FXTM's spreads from 1.5 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
FXTM has a lower minimum deposit of $10, while eToro requires at least $50. This makes FXTM more accessible for traders with limited starting capital.
Both eToro and FXTM 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: FXTM has a lower minimum deposit ($10), lowering the barrier to entry; 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 FXTM offers up to 1000:1. 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 FXTM offers MetaTrader 4, MetaTrader 5; eToro exclusively offers Proprietary Web/Mobile; FXTM exclusively offers MetaTrader 4, MetaTrader 5.
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Score 4.2 / 5
Score 4.2 / 5
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