eToro vs FXCM, for 2022
Read our In-Depth eToro vs FXCM Review - for 2022
This eToro vs FXCM review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs FXCM review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
FXCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs FXCM
Every online trading platform has a few pros and cons, and no eToro and FXCM review would be complete without showing both sides. Compare eToro and FXCM to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between eToro or FXCM. Which one is best in 2022?
Our eToro vs FXCM comparison contains the most recent information so you can easily compare FXCM against eToro.
If you are a new entrant in the realm of trading and brokerages, so many facts will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You'll get proficient at all of the concepts of brokerage as you continue trading. For starters, you need to choose the ideal agent who'll be clear with you always.
In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. eToro and FXCM are two such companies which will take you along with your investment to great heights. It is important that you compare eToro vs FXCM until you trust them with your money.
Our eToro vs FXCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and FXCM side by side.
Our full eToro vs FXCM Review covers everything you will need to know about trading with either eToro or FXCM. A good broker can multiply your first investments and give you positive profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you should carefully assess your broker before you choose them. It's a common misconception that all agents will be the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
eToro and FXCM are both brokers which have found their way successfully to the broker world. Within this review, we've tried to collate a number of the vital facets of both eToro and FXCM. This review can help you to know whether either FXCM or eToro is a good fit for your own investments or not. We have attempted to breakdown all of the qualities and charges for your advantage.
Benefits of eToro and FXCM Compared
eToro offers a minimum deposit of $50 while FXCM offers a $1 minimum deposit.
Why smaller minimum deposits are good and how eToro and FXCM compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro has around 100 financial instruments whilst FXCM has around 100 financial instruments available.
The more instruments you can trade on the eToro and FXCM platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of eToro or FXCM.
eToro and FXCM Contact Details
Being able to contact your broker through many ways is a sign of a professional broker. eToro and FXCM have the following contact details and social medias that you can use.
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| Broker | eToro | FXCM |
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| support@etoro.com | ||
| Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | |
| eToro Twitter Account | FXCM Twitter Account | |
| eToro Facebook Page | FXCM Facebook Page | |
| eToro Instagram Account | FXCM Instagram Account | |
| eToro LinkedIn Page | FXCM LinkedIn Page | |
| YouTube | eToro YouTube Channel | FXCM YouTube Channel |
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FXCM and eToro Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing eToro and FXCM will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
eToro vs FXCM - Awards
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| Broker | eToro | FXCM |
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eToro have won many industry awards over the time they have been operating as an online trading platform. We list the most recognised awards for eToro below.
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At the time of writing this FXCM review, and despite FXCM’s impressive offering, the company has surprisingly not garnered any awards to date. |
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eToro vs FXCM - Frequently Asked Questions
eToro vs FXCM - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
FXCM was founded in 1999 and has its head office in United States.
What is the minimum deposit for FXCM or eToro
The minimum deposit for eToro is $50.
The minimum deposit for FXCM is $1.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and FXCM are a good option.
eToro vs FXCM - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
FXCM is regulated by Financial Conduct Authority (FCA).
Both eToro and FXCM have a strong set of rules for ensuring honest trading on their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy policies, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare eToro vs FXCM Commission And Fees
eToro and FXCM are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled much better. That is, an internet broker is not necessarily affected by the amount of clients they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily 3 types of penalties for this objective.
The first sort of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In such instances, you're spending a spread, funding speed, or a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight prices are people that are billed when you hold a leveraged position for longer than daily.
Apart from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake on your accounts. They are billed for surgeries like depositing cash, not trading for long periods, or withdrawals.
Generally, neither eToro or FXCM charge high fees compared to other online agents. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who often trade, for example daily or weekly trading.
But, non-trading fees billed by eToro and FXCM are relatively higher. Consequently, you are billed more for non-trading actions on your trading accounts, such as deposits and withdrawal. These are not about the purchase and sale of assets.
This eToro vs FXCM review for 2022 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For eToro And FXCM
What Languages Do eToro And FXCM Support?
Being able to chat completely with your online broker is a key element when comparing online brokers to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key factor to success when trading forex.
Here you can find the languages that both eToro and FXCM support.
How Many Clients Do eToro and FXCM Have?
Both eToro and FXCM are well established with their client base. It is important to work with an online broker you can trust and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many clients eToro and FXCM are active on their platform
What Payment Methods Do eToro and FXCM Accept?
eToro and FXCM both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and FXCM
What Can You Trade With eToro and FXCM?
eToro offers 100 trading instruments and FXCM offers 100.
Below you will find a full breakdown of what both eToro and FXCM offer.
Compare eToro To All Other Brokers
Compare FXCM To All Other Brokers