Comparison of eToro and FXTM
| Feature | eToro | FXTM |
|---|---|---|
| Broker | ||
| Year Founded | 2006 | 2011 |
| Broker Type | MM, Social | ECN |
| Dealing | B-book | A-book |
| Execution | Instant | Market |
| Regulation | SFSA, FCA, CySEC, ASIC, SEC | CySEC, FSCA, FCA, FSC, CMA |
| Platforms | eToro | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬈ High | ⮕ Average |
| Maximum Leverage | 1:30 | 1:2000 |
| Minimum Deposit | $200 | $200 |
| Base Currencies | USD | USD, EUR, GBP |
| Funding Methods | Bank Wire, Credit Card, Debit Card, PayPal, Skrill, Neteller, Klarna, Rapid Transfer, Trustly | Bank Wire, Credit Card, Debit Card, Skrill, FasaPay, WebMoney, YooMoney, Qiwi, Perfect Money, PayRedeem, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH) |
| Inactivity Fee | $10 per month after 12 months | $5 per month after 6 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | $5 | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
| Protection Size | €20 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✖ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✖ | ✔ |
| EAs/Robots | ✖ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies |
| Review | eToro Review | FXTM Review |
About eToro
eToro is a globally renowned social trading platform, offering a unique approach to forex and CFD trading through its innovative copy trading feature. Established in 2007 and regulated by multiple top-tier authorities, including the FCA, CySEC, and ASIC, eToro has become a popular choice for traders of all experience levels. The platform allows users to follow and copy successful traders, making it particularly appealing to beginners seeking to learn and profit from experienced professionals. Beyond social trading, eToro offers a diverse range of instruments, including forex, stocks, ETFs, commodities, and cryptocurrencies, making it a versatile platform for portfolio diversification. Its proprietary platform is user-friendly and comes with robust analytical tools, catering to both novice and seasoned traders. However, while eToro's zero-commission stock trading is a standout feature, its relatively high spreads and inactivity fees may deter cost-conscious traders.
Pros
- Unique copy trading feature for following successful traders
- Regulated by multiple top-tier authorities (FCA, CySEC, ASIC, etc.)
- Offers a wide range of instruments, including cryptocurrencies and stocks
- User-friendly proprietary platform with robust analytical tools
- Zero-commission stock trading for non-leveraged positions
- Integrated social features for sharing insights and strategies
Cons
- Relatively high spreads compared to other brokers
- Inactivity fees applied after 12 months of non-use
- Limited options for advanced trading platforms like MT4 or MT5
- Withdrawal fees for certain transactions
- Customer support may have delayed response times during peak periods
About FXTM
FXTM, or ForexTime, is a globally recognized forex and CFD broker established in 2011. Known for its beginner-friendly approach, FXTM combines robust trading platforms, competitive pricing, and a variety of account types to cater to both novice and seasoned traders. The broker operates under the regulation of several trusted authorities, including CySEC, FCA, and FSCA, ensuring a secure and transparent trading environment. With a focus on education, FXTM provides an extensive library of resources, from webinars to market analysis, making it an excellent choice for traders looking to build their skills.
Pros
- Regulated by multiple authorities (CySEC, FCA, FSCA, etc.)
- Wide variety of account types, including micro and ECN accounts
- Excellent educational resources, including webinars and market analysis
- Supports MetaTrader 4 and MetaTrader 5 for advanced trading
- Low minimum deposit for micro accounts, making it beginner-friendly
Cons
- Restrictions on clients from specific regions
- Limited range of proprietary trading tools compared to competitors
- Occasional delays in customer support response during peak hours
eToro & FXTM Regulation
| Feature | eToro | FXTM |
|---|---|---|
Companies | eToro (Seychelles) Limited, eToro (UK) Ltd, Etoro (Europe) Ltd, eToro AUS Capital Limited, eToro USA Securities Inc. | Forextime Ltd (CY), Forextime Ltd (UK), Exinity UK Ltd, Exinity Limited, Exinity Capital East Africa Limited |
Countries | Seychelles, United Kingdom, Cyprus, Australia, United States | Cyprus, United Kingdom, Mauritius, Kenya |
Regulators | SFSA, FCA, CySEC, ASIC, SEC | CySEC, FSCA, FCA, FSC, CMA |
Investor Protection | Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
Investor Protection Size | €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | eToro | FXTM |
|---|---|---|
Market Maker Account | ||
| Account Name | eToro | — |
| Min Deposit | $200 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Instant | — |
| Min Spread | 1 | — |
| Fee | No | — |
| Max Leverage | 1:30 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
ECN Account | ||
| Account Name | — | Advantage Plus |
| Min Deposit | — | $200 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.5 |
| Fee | — | No |
| Max Leverage | — | 1:2000 |
| Stop Out | — | 50% |
| Margin Call | — | 80% |
Zero Account | ||
| Account Name | — | Advantage |
| Min Deposit | — | $200 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0 |
| Fee | — | $7 per 1 lot |
| Max Leverage | — | 1:2000 |
| Stop Out | — | 50% |
| Margin Call | — | 80% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | eToro | FXTM |
|---|---|---|
Base currencies | USD | USD, EUR, GBP |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, PayPal, Skrill, Neteller, Klarna, Rapid Transfer, Trustly | Bank Wire, Credit Card, Debit Card, Skrill, FasaPay, WebMoney, YooMoney, Qiwi, Perfect Money, PayRedeem, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH) |
Inactivity fee | $10 per month after 12 months | $5 per month after 6 months |
Interest on margin | ||
Withdrawal fee | $5 |
Trading Platforms and Conditions
| Feature | eToro | FXTM |
|---|---|---|
Trading Platforms | eToro | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 0 ms | 200 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | high | average |
Trading Assets
| Asset | eToro | FXTM |
|---|---|---|
Currencies | 47 | 48 |
Indices | 13 | 13 |
Stocks | 2500 | 640 |
Cryptocurrencies | 112 | 11 |
Bonds | 0 | 0 |
Metals | 7 | 3 |
Energies | 2 | 3 |
Soft Commodities | 4 | 0 |
ETFs | 250 | 0 |
Education and Analytics
| Feature | eToro | FXTM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | eToro | FXTM |
|---|---|---|
Email | customerservice@etoro.com | support@fxtm.com |
Phone | +1800778439 | +442037341025 |
Telegram | — | Telegram |
Facebook | — | |
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | — | |
Twitter |
Which Broker is Better?
After comparing eToro and FXTM, eToro comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.