Compare eToro vs FXTM - Trading Brokers Comparison

Compare eToro vs FXTM

eToro vs FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, CySEC, ASIC
$5MT4, MT5250+FCA, CySEC, FSCA, FSC

eToro and FXTM Comparison

FXTM divides its range of accounts into two types, those with instant execution and those with market execution. Its market execution accounts are STP/ECN, do not requote allow scalping, hedging and EAs and offer both MT4 and MT5. Its instant execution accounts may requote and provide MT4. eToro on the other hand offers one platform, its web trader (with apps). This platform has a range of tools based around social trading.

While FXTM supports trading automation using EAs, and by virtue of its STP/ECN order execution policy (which is no dealing desk), FXTM also supports automated trading by copy trading, where the trades of other traders can be copied in the client's own account. eToro also provides copy trading and enables the trader to inform their trading with the views of traders, by a social news feed and use charting and other tools to analyse markets. They can also invest thematically, for example in cryptocurrencies.

eToro has more markets available to trade. In common with other STP/ECN brokers, FXTM has a smaller range of markets on offer. Both brokers are regulated by the FCA in the United Kingdom and the CySEC in Cyprus. eToro is additionally regulated by the ASIC in Australia. FXTM is additionally licensed by the FSCA in South Africa and regulated by the FSC in Mauritius.

Quick comparison

eToro offers social and copy trading on a web trader and apps, FXTM provides a range of account types, including STP/ECN on MT4 and MT5 and copy trading.

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for FXTM is $5.

  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. The minimum trade size is 0.01 lots.
  • FXTM provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.

Markets

  • eToro offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, ETFs and Bonds, with 1000+ available.
  • FXTM can offer slightly different numbers of markets for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+. All the accounts provide Forex and Precious Metals, the FXTM ECN account can also offer Energy and Indices.
  • For the non-ECN accounts, FXTM can offer more markets on the Standard account, with 75+ covering Forex, Precious Metals, Energy and Indices. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Shares CFDs. The total is 250+ across all accounts.

Cryptocurrencies

  • eToro provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, NEO, IOTA, EOS, Cardano, Stellar, Ethereum Classic, TRON, Zcash and Binance Coin.

Spreads and leverage

  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.
  • Spreads at FXTM are variable, and for EUR/USD are from 1.3 on the Standard account, 1.5 on the Cent account, 0.1 on the ECN account, 0.5 on the ECN Zero account, 0.2 on the FXTM ECN MT5 account, 0.3 on the Strategy account and 0 on the FXTM Pro accounts.
  • FXTM offers a typical spread of 5.0 (Standard) and 1.5 (ECN) for UK100, a minimum spread from .107 (Standard) and .05 (ECN) for Gold and a typical spread of 0.09 (Standard) and 0.04 (ECN) For US Oil. The Shares Account has spreads on Share CFDs from 0.1.

Maximum leverage for eToro is . Maximum leverage for FXTM (CySEC regulated) is .

Commission charge

  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded. There is no commission charged for the ECN Zero, Strategy or Pro accounts or the non-ECN accounts.

Platforms

eToro offers a web trader and apps on tablet and mobile. FXTM offers MT4 and MT5 desktop, apps and MT4 and MT5 webtraders.

Comparison summary

  • FXTM offers ECN trading, which allows a range of trading styles, including scalping, EAs and hedging
  • eToro offers trading, copy trading and thematic investing, based around its Social Investment Network
  • FXTM has copy trading, allowing traders on some of its ECN accounts to have their trades copied by other FXTM traders and traders to copy these traders
  • FXTM also allows automated trading by robots
  • eToro has more markets available
  • eToro provides a web trader with a range of social trading tools
  • FXTM offers MT4, MT5 and web traders based on MT4 and MT5
  • Both are FCA and CySEC regulated

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