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
$10MT4, 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 ECN accounts, 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 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, via FXTM Invest. eToro provides copy trading on its platform 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.

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 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 $10.

  • eToro is a Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots.
  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 lots.

Markets

  • eToro offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities, ETFs and Bonds, with 1000+ available.
  • FXTM offers Forex, Indices, Energy, Metals and Stocks, with 250+ available.

Cryptocurrencies

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

Spreads and leverage

eToro can offer Forex spreads from 3 (typical) without a commission charge. FXTM can provide Forex spreads from 1.3 without a commission charge and from 0 with a commission charge.

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

Online trading platforms

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

Why eToro or FXTM ?

Traders who want to trade on MetaTrader 4 (MT4) and its successor MetaTrader 5 (MT5) can find these platforms at FXTM. FXTM also supports copy trading via FXTM Invest. Traders who want to social and copy trade (and just trade) on a user friendly online trading platform may do so at eToro. FXTM has a range of account types, including ECN and a Cent account. On its Cent account, FXTM has a very low minimum deposit and allows the trader to trade with very small trade sizes.

Comparison summary

  • FXTM provides MT4 and MT5
  • eToro offers a platform with social and copy trading
  • FXTM has ECN accounts and supports trading with robots (EAs)
  • FXTM Invest supports copy trading
  • eToro has more markets to trade
  • FXTM offers a Cent account and has a very low minimum deposit

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