eToro vs FXCM: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeeToroFXCM
Licence Score74Strong72Strong
Strongest licence 1 Tier 1 1 Tier 1
Licences on record44
1 FCA United Kingdom Licensed · FRN 583263Licensed · FRN 217689
1 ASIC Australia LicensedLicensed
2 CySEC Cyprus LicensedLicensed
2 FSCA South Africa —Licensed
4 FSA (Seychelles) Seychelles Licensed—
Founded20071999
HeadquartersIsraelUnited Kingdom
TypeMulti-asset brokerForex & CFD broker
Publicly listedNASDAQ:ETORNo
PlatformsProprietaryProprietary, MT4, TradingView
Minimum depositUS$50US$50
VisitVisit siteVisit site

Frequently asked questions

Is eToro or FXCM better regulated?

eToro has the higher Licence Score (74 vs 72), based on the number and tier of licences, operating history and public listing.

Which regulators license both eToro and FXCM?

Both are matched to licences from ASIC, FCA and CySEC.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.