eToro vs FXTM

eToro vs FXTM Comparison Table 2023
eToro FXTM
4.1
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

eToro is a top-rated multi-asset platform which offers both investing in stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.

FXTM is a top-rated forex and CFD broker. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ markets and three account types, they cater to all levels of trader.

76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Bonus Offer
30% up to $100 via Exinity Ltd
Comment by Reviewer
"eToro is a great pick for traders who want to trade CFDs with copy trading and other social investing features. The brand is hugely respected with a string of awards and strong regulatory oversight." "FXTM is a good pick for forex traders seeking low fees, excellent market research and access to the familiar MetaTrader 4 platform."
Pros
  • 25M+ user community
  • Interest up to 5.35% on idle funds
  • Industry-leading copy trading app
  • Commission-free stock trading
  • Islamic/Halal-friendly account
  • Good user reviews and app rankings
  • Low minimum deposit requirement
  • Multiple orders including take profits
  • Digital wallet with multiple currencies
  • Trustworthy and award-winning company
  • Comprehensive online training academy
  • Demo account with access to virtual funds
  • Free educational materials and market insights
  • Customer support in 30+ languages
  • Negative balance protection
  • Regulated by FCA & CySEC
  • Multiple industry awards
  • 1000+ financial assets
  • Transparent pricing
  • Beginner-friendly
  • Copy trading
  • Forex VPS
Cons
  • Fee to withdraw revenue
  • Limited contact methods
  • No guaranteed stop loss
  • No MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms
  • Currency conversion fees for account denominations other than USD
  • No ETFs or bonds
  • Selection of stocks is not extensive
  • Mediocre spreads on commission-free accounts
  • Limited e-wallet payment options
  • Withdrawal fees
Awards
  • Best of Show Award 2012 - Finovate Europe
  • Most Innovative Trading Platform 2010 - World Finance Awards
  • Best Trading Software 2011 - World Finance Awards
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
Instruments
Crypto Forex, CFDs, Indices, Commodities, Stocks
Demo Account
Yes Yes
Minimum Deposit
$10 $10
Trading Platforms
  • TradingCentral
  • Web Platform
  • Mobile Platform
  • MT4
  • MT5
  • AutoChartist
Payment Methods
Minimum Trade
$10 0.01 Lots
Regulator
FCA, ASIC, CySEC, FSA CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius)
Margin Trading
Yes Yes
Margin Rate
1%
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS, Android & Windows iOS, Android & Windows
Auto Trading
Automate your trades via Copy Trading - follow profitable traders. Open and close trades automatically when they do. FXTM Invest plus Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
One of the best proprietary platforms currently on the market is the award-winning eToro CopyTrader (at no additional cost for eToro clients). The web-based platform includes a user-friendly and interactive layout and also comes with social features, including a community chat. Copy trading on crypto trades only. FXTM Invest is a popular copy trading app connecting clients to established investors with successful portfolios. Learn from traders with proven strategies in forex, stocks and more.
Social Trading
Yes Yes
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 USD/EUR/GBP 5 per month
Islamic Account
Yes Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on over 3,000 assets and enjoy rich market data through integrated TradingView charts. There is also comprehensive free learning tools via the eToro Academy, ideal for beginners. Fees are low and leverage is in line with regulatory requirements, helping to provide a secure trading environment. FXTM's CFD list includes forex, stocks, commodities and indices. The global entity also offers crypto CFDs. Leverage depends on jurisdiction, with rates up to 1:30 from its CySEC-regulated branch and a massive 1:2000 from its global entities.
Leverage
1:30 (EU), 1:2000 (Global)
FTSE Spread
1.5 pt 1.3 pts
GBPUSD Spread
2 pips 0.3 (var)
Oil Spread
5 pts 9 pts (var)
Stocks Spread
0.24% Var 0.1% Var
Forex Trading
An impressive selection of 52 currencies are tradeable on eToro's proprietary platform and app. Traders can also continuously hone their forex strategies by switching between demo mode and their live account any time. FXTM offers 60+ forex pairs plus 6 indices which track a basket of popular currencies. The brand's ECN accounts offers impressive spreads from 0 with low commissions from $0.40 to $2 per lot and commission-free spreads start from 1.5 pips.
Forex App

eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.

GBPUSD Spread
2 pips 0.3 (var)
EURUSD Spread
1.5 pips 0.1 (var)
EURGBP Spread
1.5 pips 0.2 (var)
Assets
49 50+
Currency Indices
  • USD
  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • NZD
Cryptocurrency
eToro leads the way in cryptocurrency trading. The lowest spreads (from 1% for BTC), their own wallet service and the largest number of cryptos to trade in the market. Don’t invest unless you’re prepared to lose all the money you invest. Crypto trading not offered
Spread
BTC 1%, ETH 2% Variable
Coins
  • BTC
  • ETH
  • BCH
  • XRP
  • DASH
  • LTC
  • ETC
  • ADA
  • MIOTA
  • XLM
  • EOS
  • NEO
  • ZEC
  • BNB
  • VET
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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