FXCM
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74-89% of retail CFD accounts lose money.

Vs.

eToro
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68% of retail CFD accounts lose money

FXCM Vs. eToro - Compare and Choose the Right One

Updated Nov 30 2021

Visit

74-89% of retail CFD accounts lose money.

Visit

68% 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.

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
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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 300+ 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
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 day minimum (may take longer)
📋 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 Sector Conduct Authority
Cyprus Securities and Exchange Commission
Financial Conduct Authority
Australian Securities and Investments Commission
Financial Services Authority Seychelles
📍 Year Founded
1999 (FXCM Group) 2007
💳 Minimum Deposit
€, £, $ - 50 (Varies by payment method) $50 up to 200
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Neteller
Skrill

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

Visa
Mastercard
Bank Transfer
Sofort
Neteller
Paypal
Skrill
💵 Account Base Currencies
4 - EUR GBP, USD, CHF. 1 - USD
🗽 Available to U.S Citizens
No Only for crypto Trading
❌ Restricted Countries
RU, US, CA, JP, SK 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 No
📊 ECN Account
No Yes
Assets
📚 Available Assets
Stocks
Cryptos
Commodities
Currencies
Indices
CFDs
Stocks
Cryptos
Commodities
Currencies
ETFs
Indices
CFDs
📙 Stocks
200+ 2000+
📘 Currency Pairs
39 47
📗 Commodities
11 14
📕 Indices
15 13
📔 ETFs
N/A 145
💸 Cryptocurrencies

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

26
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:
All of FXCM's assets are CFDs. Real stocks are offered without leverage, all the rest of the assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
1 share $50
📉 Minimum ETFs Trade Size
N/A $50
📈 Minimum Crypto Trade Size
1 unit of any cryptocurrency $25
📉 Minimum FX Trade Size
$1000 (0.01 Lots) $1,000
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) $1,000
📉 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
Up to 1:500 (Varies) Varies
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
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
No No
💰 Withdrawal Fees

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

$5
💰 Commissions
No No
Spreads
📈 EUR/USD
From 1.2 Pips (As per our research) 1 Pip
📉 SP500
From 58 Pips (As per our research) 75 Pips
📈 GOLD
From 41 Pips (As per our research) 45 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.04 (As per our research) 0.09%
📈 XLK (ETF - CFD)
N/A 0.09%
📉 BTC
Variable - From $51 (As per our research) 0.75%
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No

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