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Compare Forex Brokers eToro And FXCM


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Subjective Ratings

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eToro

FXCM

Charting: Three and Half star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Five star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Five star User-friendliness Rating Four star User-friendliness Rating
Platform Functionality: Three star Platform Functionality Rating Five star Platform Functionality Rating
Platform Reliability: Three star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Five star Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Zero Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Four and Half star Withdrawal processing Rating
Average rating: Three and Half star Average Rating Four and Half star Average Rating

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Business Details

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eToro

FXCM

 
Registered Business Name: Tradonomi LLC Forex Capital Markets LLC
Broker Headquarters: Cyprus New York City, USA
Also has offices in: None London, Hong Kong and Tokyo
Regulated By: CySEC (Cyprus)
NFA (0382918 eToro USA)
NOT a CFTC-registered FCM
USA: NFA (0308179), registered FCM with CFTC
UK: FSA (217689)
Hong Kong: SFC (CE: AIM232)
In business since year: 2004 1999
Broker Capital as of 02-2009 Unknown $131,416,979
Client Account Segregation: Marfin Popular Bank, Cyprus Available to all clients of FXCM UK which welcomes US-based clients.
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club
MasterCard
Moneygram
NETeller
PayPal
Visa
Western Union
Wire Transfer
MethodDeposit FeeWithdrawal Fee
ACH $0 $0
Check $0 $0
MasterCard $0 $0
Visa $0 $0
Wire Transfer $0 $40
Main liquidity providers: Unknown 10 top-tier banks - names not disclosed

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Trading Details

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eToro

FXCM

 
Browser platform: WebTrader Java Trading Station (for Mac users) or FXCM ActiveTrader
Downloadable platform: eToro (proprietary) FXCM Trading Station 2.0, FXCM MetaTrader 4 (MT4)
Mobile platform: WebTrader Java Trading Station (for Mac users) or FXCM ActiveTrader
Phone dealing: Yes Yes
Order processing: STP (Straight Through Processing) Straight-through to multiple liquidity providers
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 400:1* $50/unlimited 1,000
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Gold Account 200:1* $25,000/unlimited 10,000/50,000,000
Standard Account 200:1* $2,000/unlimited 10,000/50,000,000
Swap-free accounts   Yes - no extra fees are incurred on Islamic style accounts    
Tradeable Instruments: 18    32   
No Dealing Desk Execution: Yes All orders
Typical spread on EUR/USD: 3 pips (0.0003) 2.3 pips (0.00023)
Fixed spreads: Yes No
Guaranteed stop losses? Yes All orders are executed at best available price.
Trailing Stops: None Server-side
OCO orders available: No Yes
If/then orders available:    
Hedging capability: Yes No
Automated Trading: No Yes, on MT4
Trading Hours: Sun. 21:00GMT - Fri. 20:00GMT Sunday 5:00PM ET to Friday 4:00PM ET
Timezone GMT User-defined (GMT is the defau
Scalping allowed: No, eToro does not allow scalping Yes, FXCM does not impose any restrictions on your trading style.
Account currencies available: USD AUD, CAD, EUR, GBP, JPY, NZD, USD
Platform languages: Arabic, Chinese, English, Finnish, French, German, Greek, Italian, Japanese, Portuguese, Russian, Spanish, Turkish English
Support languages: Arabic, Chinese, English, Finnish, French, German, Greek, Hindi, Italian, Portuguese, Russian, Spanish, Turkish Arabic, Chinese, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Urdu
Demo account: Unlimited 30 days
Live chat support: Yes - within platform Normally 24/7 but may be down for weekly maintenance outside of trading hours.
Interest on Margin: No No
Promotions & tournaments: 5% bonus on deposits of $20,000 or more. Courses and seminars/webinars with professional traders offered to real account holders. Gold account holders also get preferred treatment, free ProRealTime Charting package and a complimentary $1,000 daytrading course.

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