Home page ->Comparison ->ForexTime (FXTM) vs eToro USA | Broker Comparison

TitleForexTime (FXTM) vs eToro USA | Broker Comparison

Basic Information

Year Founded

First broker:

2011

Second broker:

2007

Headquarters Location

First broker:

Limassol, Cyprus

Second broker:

Cyprus, Israel, UK

Publicly Traded (Entity or Parent)

First broker:

YES

Second broker:

No

Regulated?

First broker:

YES

Second broker:

YES

Primary Regulator

First broker:

CySEC

Second broker:

CySEC

Minimum Deposit

First broker:

$10

Second broker:

$50

Fixed Spreads?

First broker:

NO

Second broker:

NO

Trading Type

First broker:

ECN, STP

Second broker:

Market Maker, NDD, STP

Commissions on Trades

First broker:

YES

Second broker:

YES

CFD Loss Rate

First broker:

69% loss rate on CFDs

Second broker:

76% loss rate on CFDs

Maximum Leverage

First broker:

1:30

Second broker:

1:1

Currency Pairs Offered

First broker:

50+

Second broker:

47

General Average Rating - 3 scale

First broker:

2,13

Second broker:

1,68

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

YES

3,0

Second broker:

No Live Chat, ticket system

1,0

Responsiveness

First broker:

Above average

2,5

Second broker:

Average

1,5

FAQs? Quality?

First broker:

Average

2,0

Second broker:

Sufficient

2,0

Summary Score

First broker:

2,50

Second broker:

1,50

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

Auto-trading platform

2,5

Second broker:

Pioneer in social trading

2,5

Pro #2

First broker:

Social/Copy trading

2,5

Second broker:

Good charting tools

2,0

Pro #3

First broker:

Low fees but confusing

2,0

Second broker:

Broad crypto coverage

2,0

Con #1

First broker:

Low asset coverage

1,5

Second broker:

Poor education area

1,0

Con #2

First broker:

Confusing options platforms

1,0

Second broker:

Poor cust service access

1,0

Con #3

First broker:

No spread betting in UK

1,0

Second broker:

Designed for low skill traders

1,0

Summary Score

First broker:

1,75

Second broker:

1,58