eToro
fx global markets
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Overview
eToro was founded in 2007 and is headquartered in Cyprus, UK, while fx global markets was established in 2017 and is based in United States. eToro holds licences including Financial Conduct Authority (FCA), while fx global markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. eToro serves 20,000,000+ clients worldwide; fx global markets has 10,000+. The minimum deposit is $50 at eToro and $250 at fx global markets.
eToro
fx global markets
| Feature | eToro | fx global markets |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14 |
| Founded | 2007 | 2017 |
| Country | Cyprus, UK | United States |
| Clients | 20,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between eToro and fx global markets, directly affecting your bottom line as a trader. fx global markets has a lower barrier to entry with a minimum deposit of $250 (vs $50 at eToro). Both brokers charge withdrawal fees. eToro applies inactivity fees on dormant accounts; fx global markets does not. fx global markets charges deposit fees; eToro does not. Overall, eToro scores higher on fees in our assessment.
| Feature | eToro | fx global markets |
|---|---|---|
| Min. Deposit | $50 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
eToro offers MT4, MT5, cTrader, a proprietary platform, while fx global markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. eToro edges ahead on platform breadth and functionality in our scoring.
| Feature | eToro | fx global markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | web trader, tablet & mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eToro and fx global markets compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | eToro | fx global markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. eToro accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while fx global markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | eToro | fx global markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both eToro and fx global markets offer live chat support. Both provide phone support. Email support is available at both brokers. eToro supports 5 languages and fx global markets supports 8, giving fx global markets broader global reach. Both brokers are comparable on support quality.
| Feature | eToro | fx global markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Spanish, French, and Italian | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |