eToro
Visit

68% of retail CFD accounts lose money

Vs.

FXCM
Visit

74-89% of retail CFD accounts lose money.

eToro Vs. FXCM - Compare and Choose the Right One

Updated Nov 03 2021

Visit

68% of retail CFD accounts lose money

Visit

74-89% of retail CFD accounts lose money.

Overview

eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering.

Best For
  • New traders looking to use the copy trading feature
  • Experienced traders looking to monetise their skills by gaining followers
  • Passive investors looking to buy and hold shares with no commissions
  • Professional algorithmic traders looking to benefit from their comprehensive API offering 
Trust

TTBTrust

7.6

Provided by TheTradingBible.com ®

Learn More

TTBTrust

7.7

Provided by TheTradingBible.com ®

Learn More
The Good
  • Social and Copy trading capabilities
  • Trading real shares and cryptocurrencies
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
The Bad
  • Copy Trading statistics are not clear enough
  • Lack of advanced order placement controls
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 day minimum (may take longer) 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
Cyprus Securities and Exchange Commission
Financial Conduct Authority
Australian Securities and Investments Commission
Financial Services Authority Seychelles
Cyprus Securities and Exchange Commission
Financial Conduct Authority
Australian Securities and Investments Commission
Financial Sector Conduct Authority
📍 Year Founded
2007 1999 (FXCM Group)
💳 Minimum Deposit
$50 up to 200 €, £, $ - 50 (Varies by payment method)
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Sofort
Neteller
Paypal
Skrill
Visa
Mastercard
Bank Transfer
Neteller
Skrill

Skrill and Neteller are not available to FXCM EU clients at the moment

💵 Account Base Currencies
1 - USD 4 - EUR GBP, USD, CHF.
🗽 Available to U.S Citizens
Only for crypto Trading No
❌ Restricted Countries
AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM RU, US, CA, JP, SK and more.
📊 STP Account
Yes No
📊 DMA Account
No No
📊 ECN Account
Yes No
Assets
📚 Available Assets
Stocks
Cryptos
Commodities
Currencies
ETFs
Indices
CFDs
Stocks
Cryptos
Commodities
Currencies
Indices
CFDs
📙 Stocks
2000+ 200+
📘 Currency Pairs
47 39
📗 Commodities
14 11
📕 Indices
13 15
📔 ETFs
145 N/A
💸 Cryptocurrencies
26

6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK)

📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:
Real stocks are offered without leverage, all the rest of the assets are CFDs. All of FXCM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
$50 1 share
📉 Minimum ETFs Trade Size
$50 N/A
📈 Minimum Crypto Trade Size
$25 1 unit of any cryptocurrency
📉 Minimum FX Trade Size
$1,000 $1000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 Varies by Commodity (Eg: 1 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Varies Up to 1:500 (Varies)
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
Yes Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
After 12 months of inactivity, a $10 monthly inactivity fee will be charged.

50 units of the account's base currency yearly after 1 year of inactivity.

💰 Deposit Fees
No No
💰 Withdrawal Fees
$5

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

💰 Commissions
No No
Spreads
📈 EUR/USD
1 Pip From 1.2 Pips (As per our research)
📉 SP500
75 Pips From 58 Pips (As per our research)
📈 GOLD
45 Pips From 41 Pips (As per our research)
📉 TSLA (Stock CFD)
0.09% Dynamic - From $1.04 (As per our research)
📈 XLK (ETF - CFD)
0.09% N/A
📉 BTC
0.75% Variable - From $51 (As per our research)
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No

By using TheTradingBible.com's website you agree to the use of cookies.