eToro vs FXGT Comparison & Reviews

FeatureeToroFXGT.com
Founded Year20072019
RegulationCySEC, FCA, ASIC, SEC (USA), othersFSCA, CySEC, FSA (Seychelles), others
Trading InstrumentsStocks, ETFs, Forex, Cryptocurrencies, Commodities, IndicesForex, Cryptocurrencies, Indices, Commodities, Stocks, Synthetic assets
Account TypesRetail, Professional, Islamic accountMini, Standard+, ECN, Islamic account
Minimum Deposit$50 (varies by region)$5
LeverageUp to 1:30 (Retail), Up to 1:400 (Professional)Up to 1:1000 (varies by account type)
SpreadsFrom 1 pip (variable)From 0.0 pips (on ECN account)
CommissionNo commission for stock/ETF trades (spread-based), Commission for CFDsCommission-free for most accounts, ECN accounts charge commissions
Deposit MethodsBank Transfer, Credit/Debit Card, PayPal, Neteller, SkrillBank Transfer, Credit/Debit Card, Neteller, Skrill, Crypto, Local payment methods
Withdrawal MethodsBank Transfer, Credit/Debit Card, PayPal, Neteller, SkrillSame as deposit methods
Withdrawal Fees$5 per withdrawalNo fees (may vary by region/payment method)
Trading PlatformseToro Proprietary Web Platform, eToro Mobile AppMetaTrader 5 (MT5), WebTrader, Mobile App
Copy TradingYes (Popular Social Trading Network)Yes (Copy trading via MT5 platform)
Education & ResearchNews Feed, Market Analysis, Webinars, TutorialsMarket Analysis, Webinars, Educational Videos, eBooks
Demo AccountYes (Unlimited virtual funds)Yes (Unlimited virtual funds)
Algorithmic TradingLimited to API usageFull support via MT5 (EA support)
Customer Support24/5 via Live Chat, Email, Phone (varies by region)24/7 Live Chat, Email, Phone Support
Mobile AppYes (iOS and Android)Yes (MT5 Mobile)
Cryptocurrency TradingYes (direct ownership and CFDs)Yes (crypto CFDs and direct crypto deposits)
Negative Balance ProtectionYesYes
Islamic AccountsYes (Swap-free option)Yes (Swap-free option)
Social Trading FeaturesAdvanced (community feed, shared portfolios)Basic (copy trading via MT5)
Regulatory ProtectionsInvestor Compensation Schemes (varies by regulator)FSCA and other regulatory protections
Security Features2FA, SSL Encryption2FA, Secure Login, Encryption
Account CurrenciesUSD (default), EUR, GBP, AUD, etc.USD, EUR, ZAR, NGN, JPY, BTC, USDT, others
Inactivity Fee$10/month after 12 months of inactivityNo inactivity fee
Order TypesMarket, Limit, Stop Loss, Take ProfitMarket, Limit, Stop Loss, Take Profit, Pending Orders
Execution TypeMarket executionMarket execution, Instant execution (for some instruments)
Trading HoursFollows market hours (Forex: 24/5)24/7 for cryptocurrencies, 24/5 for Forex and other instruments
Fractional TradingYes (for stocks and ETFs)No
Stock OwnershipYes (real stocks, not CFDs)No (CFDs only)
HedgingNo (restricted)Yes (allowed on MT5)
ScalpingNot allowedAllowed
Stop-Out Level50% (Retail), 20% (Professional)30%–50% depending on account type
Bonus OffersNot allowed due to regulationYes (bonuses and promotions)
Cryptocurrency TransfersNo (cannot transfer crypto out)Yes (crypto deposits/withdrawals allowed)
Margin Call Level50%80% (varies by account)
PAMM/MAM SupportNoNo dedicated PAMM/MAM, but EAs can replicate similar setups
Affiliate/IB ProgramYes (limited in regions due to regulation)Yes (Affiliate and Introducing Broker programs available)
Swap-Free Options for CryptosNoYes (for Islamic accounts)
Manual Trading RestrictionsNo short selling restrictions on stocks (via CFDs), but no direct shorting for real stocksNo restrictions on short selling (CFDs only)
User Community FeaturesYes (forum-like feeds, copy portfolios)No dedicated user community within the platform
Automated Strategy MarketplaceNo (manual API integration only)No integrated marketplace, but MT5 allows custom strategies
Withdrawal Processing Time1–2 business daysUsually within 24 hours
Deposit BonusesNot available due to regulationsYes (welcome bonuses and deposit boosts)
Account Verification Time1–3 business days (depends on region)1 day or less (varies by documentation provided)
Security of Client FundsSegregated accounts, regulated under top-tier authoritiesSegregated accounts, offers protections but varies based on jurisdiction
Trade Execution SpeedTypically within milliseconds (proprietary tech)Ultra-fast execution (<20ms in some data centers)
Market Depth DisplayNoYes (via MT5 Level 2 Market Depth)
News & Sentiment ToolsIntegrated news feed, sentiment analysisLimited (basic news integration via MT5)
Charting ToolsBasic charting tools (proprietary platform)Advanced charting tools (MT5 platform)
Custom IndicatorsNo (fixed platform indicators)Yes (custom MT5 indicators supported)
Available TimeframesLimited (basic timeframes like 1M, 5M, 1H)Full range (1M to 1 month on MT5)
Trading Signal SubscriptionsNo direct signal marketplaceYes (via MT5 signal services)
Micro Lot TradingNo (minimum stock fraction but not lots)Yes (micro-lots supported: 0.01 lots)
Guaranteed Stop LossNoNo (uses standard stop loss)
Volatility Protection SettingsNoYes (slippage control, max deviation settings)
API AccessYes (limited API for portfolio access)No direct API, but supports custom Expert Advisors (EAs)
RequotesNo (market orders are filled as available)Rare (but can happen during high volatility)
Currency Conversion FeeYes (for non-USD deposits)No (multi-currency support avoids conversion fees)
Account Base CryptocurrenciesNoYes (USDT, BTC, etc. as base currencies)
Trading Signals IntegrationNo direct integrationYes (via MT5 signal provider)
Trading CompetitionsNoYes (frequent trading competitions)
Withdrawal LimitsNo withdrawal limitsMay vary by payment method
Trading AlertsPush notifications, price alerts (mobile and web)Full alert customization on MT5
Lot Size FlexibilityLimited to fractional shares for stocksFull lot size flexibility for Forex, CFDs
Internal TransfersNoYes (between accounts in different currencies)
Daily ReportsAccount statement via emailYes (detailed account and trading reports)
Platform CustomizationMinimal customizationFull customization (MT5 layouts, scripts)
User InterfaceIntuitive, beginner-friendlyMore technical (for experienced traders)
Leverage AdjustmentsAutomatically adjusted by regulationManually adjustable by user within account limits
Weekend TradingOnly for cryptocurrenciesCryptocurrencies only
Cashback or RebatesNo (regulated restrictions)Yes (via IB/Affiliate programs)
Negative SlippageAbsorbed by the platformMay occur, especially during volatility
Trading View IntegrationNo (proprietary platform)No (but MT5 offers similar charting features)
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eToro is ideal for beginners and social traders focused on stocks and ETFs, while FXGT.com suits experienced traders seeking high leverage, crypto flexibility, and MT5 tools.