FXCM
Visit

77% of retail CFD accounts lose money.

Vs.

eToro
Visit

74% of retail CFD accounts lose money.

FXCM Vs. eToro - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Jan 19 2023

Visit

77% of retail CFD accounts lose money.

Visit

74% of retail CFD accounts lose money.

Overview

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

**The below information is provided based on FXCM EU LTD. For other FXCM entities, please go to the corresponding FXCM website for more information.

TheTradingBible.com is acting in a capacity of marketing affiliate for FXCM EU LTD.

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

Best For
  • Professional algorithmic traders looking to benefit from their comprehensive API offering.
  • 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
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • FSAS (Seychelles)
The Good
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
  • Social and Copy trading capabilities
  • Trading real shares and cryptocurrencies
The Bad
  • Lack of asset variety in their offering (over 463+ financial instruments)
  • Costly spreads when compared to similar competitors
  • Copy Trading statistics are not clear enough
  • Lack of advanced order placement controls
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 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.

📍 Year Founded
1999 2007
💳 Minimum Deposit Range
$50 From $50 to $200
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Visa
  • Mastercard
  • Bank Transfer
  • Sofort
  • Neteller
  • Paypal
  • Skrill
💵 Account Base Currencies
4 - EUR GBP, USD, CHF. 1 - USD.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

RU, US, CA, JP, SK, BE and more.

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.

📊 STP Account
No Yes
📊 DMA Account
No Yes
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
447 4,245
Exchange Access
0 0
📙 Real Stocks
0 2,000
📙 Stock CFDs
341 2,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
41 47
📗 Commodities
0 0
📗 Commodities CFDs
14 14
📕 Indices
0 0
📕 Indices CFDs
19 13
📔 ETFs
0 0
📔 ETFs CFDs
0 145
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
22 26
📒 Bonds
0 0
📒 Bonds CFDs
10 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
1 Share $10
📉 Minimum ETFs Trade Size
Unavailable $10
📈 Minimum Crypto Trade Size
1 Unit $10
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
400 Unavailable
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
No No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 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

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

After 12 months of inactivity, a $10 monthly inactivity fee will be charged.

💰 Deposit Fees

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

Conversion fees apply.

💰 Withdrawal Fees
None

$5 flat fee.

💰 Commissions
None

No commissions on real stocks and ETFs

Spreads
📈 EUR/USD
Dynamic - From 1.2 Pips Dynamic - From 1 Pip
📉 SP500
Dynamic - From 58 Pips Dynamic - From 75 Pips
📈 GOLD
Dynamic - From 41 Pips Dynamic - From 45 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.04 Dynamic - From 0.09%
📈 XLK (ETF - CFD)
Unavailable Dynamic - From 0.09%
📉 BTC
Dynamic - From $51 Fixed - 1%
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
No Yes
📡 Account Management
No No
📡 Webinars
No No