eToro
FXTM
eToro vs FXTM
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
eToro and FXTM are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. eToro, founded in 2007 and headquartered in Tel Aviv, Israel, is regulated by FCA, CySEC, ASIC and offers spreads starting from 1.0 pips with a minimum deposit of $50. FXTM, established in 2011 in Limassol, Cyprus, holds licenses from CySEC, FCA, FSA with spreads from 0.0 pips and a $10 minimum deposit. In our hands-on testing across 8 scoring categories, FXTM scored 8/10 overall compared to eToro's 7.8/10, making it the stronger pick for most traders. That said, eToro holds its own with better trading platforms and more research tools, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
FXTM scores 8/10 overall vs 7.8/10 for eToro — a 0.2-point difference.
- 💵
FXTM requires just $10 to start, while eToro needs $50 — FXTM is 5x more accessible.
- 📈
eToro offers 3,400+ instruments vs 600+ at FXTM — a massive gap in market coverage.
- 🖥️
eToro runs on eToro Platform, eToro App, while FXTM uses MT4, MT5, FXTM Trader App — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Trading Costs: FXTM scores 8.0 vs 6.0 for eToro — a 2.0-point difference.
Our Verdict
eToro
Score: 7.8/10 · Wins 3 categories- You need advanced trading platforms and tools
- You want access to a wider range of instruments
- You rely on in-depth research and analysis tools
FXTM
Score: 8.0/10 · Wins 4 categories- You want lower spreads and trading fees
- You're a beginner who values learning resources
- Responsive customer support matters to you
- Fast and flexible deposits & withdrawals are important
FXTM takes the lead with an overall score of 8/10 compared to 7.8/10, winning in 4 out of 8 scoring categories. FXTM stands out for lower trading costs and superior education resources, while eToro fights back with better trading platforms and more research tools.
Detailed Verdict
After testing both brokers with real accounts, FXTM comes out ahead with a 8/10 overall rating, winning 4 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.0/10. FXTM holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. eToro is not without merit — it scores 7.8/10 overall and excels in Regulation & Trust (9.0/10), winning 3 categories. Traders who value better trading platforms or more research tools may find eToro the better fit. For a complete breakdown, read our full FXTM review and eToro review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FXTM wins by 2.0 points
eToro wins by 1.0 points
FXTM wins by 0.5 points
FXTM wins by 1.0 points
eToro wins by 0.5 points
FXTM wins by 1.0 points
eToro wins by 1.0 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.8/10 | 8.0/10 ✓ |
| Min Deposit Lower is better | $50 | $10 ✓ |
| Max Leverage | 1:30 | 1:2000 |
| Spreads From | 1.0 pips | 0.0 pips |
| Platforms | eToro Platform, eToro App | MT4, MT5, FXTM Trader App |
| Regulation | FCA, CySEC, ASIC | CySEC, FCA, FSA |
| Founded Older track record highlighted | 2007 ✓ | 2011 |
| Markets | 3,400+ ✓ | 600+ |
Fees & Costs
When it comes to trading costs, FXTM has the edge with a score of 8/10 versus 6/10 for eToro. eToro offers spreads starting from 1.0 pips, while FXTM starts from 0.0 pips. The minimum deposit at eToro is $50, compared to $10 at FXTM. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
eToro scores 8.5/10 for platforms compared to 7.5/10 for FXTM. eToro provides eToro Platform, eToro App, while FXTM offers MT4, MT5, FXTM Trader App. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. eToro is regulated by FCA, CySEC, ASIC (Tier 1), while FXTM holds licenses from CySEC, FCA, FSA (Tier 1). eToro scores 9/10 and FXTM scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, FXTM leads with 8.5/10 compared to 8/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. eToro and FXTM both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
eToro offers 24/5 Live Chat, Email, Ticket System and scores 6.5/10, while FXTM provides 24/5 Live Chat, Email, Phone with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
eToro scores 7/10 for deposits and withdrawals, while FXTM scores 8/10. eToro accepts Bank Transfer, Credit Card, PayPal, Skrill, Neteller, and FXTM supports Bank Transfer, Credit Card, Skrill, Neteller. Processing times, fees, and available currencies vary. eToro requires a minimum deposit of $50 versus $10 for FXTM. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose eToro if you...
- You need advanced trading platforms and tools
- You want access to a wider range of instruments
- You rely on in-depth research and analysis tools
Choose FXTM if you...
- You want lower spreads and trading fees
- You're a beginner who values learning resources
- Responsive customer support matters to you
- Fast and flexible deposits & withdrawals are important
🗳️ Which Broker Do You Prefer?
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Frequently Asked Questions
Is eToro better than FXTM?
FXTM scores higher overall (8/10 vs 7.8/10), winning 4 of 8 categories. However, eToro is stronger in better trading platforms and more research tools. The best choice depends on what matters most to your trading style.
Which has lower fees, eToro or FXTM?
FXTM scores higher for trading costs. eToro offers spreads from 1.0 pips with a $50 minimum deposit, while FXTM starts from 0.0 pips with $10 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is eToro safe to trade with?
eToro is regulated by FCA, CySEC, ASIC and scores 9/10 for regulation. FXTM is regulated by CySEC, FCA, FSA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, eToro or FXTM?
eToro scores 8.5/10 for platforms. eToro offers eToro Platform, eToro App, while FXTM provides MT4, MT5, FXTM Trader App. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for eToro vs FXTM?
eToro requires a minimum deposit of $50, while FXTM requires $10. FXTM has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.