E*TRADE
FXCM
VS
Higher Rated
FXCM
Capital at risk · T&Cs apply
In the broker comparison of E*TRADE and FXCM, the key difference lies in their market focus and geographical availability. E*TRADE, founded in 1982 and regulated by the SEC and CFTC, primarily caters to US-based investors interested in stocks, indices, and commodities, offering zero commission on stock and ETF trades. Conversely, FXCM, established in 1999 and regulated by the FCA and ASIC, appeals to forex and CFD traders globally, excluding the US, with its low spreads and advanced trading platforms like MT4. Each broker's offerings and strengths make them suitable for distinct types of traders, with E*TRADE being ideal for stock and options traders, while FXCM is tailored for forex enthusiasts seeking high leverage.
E*TRADE
FXCM
| E*TRADE | FXCM | |
|---|---|---|
| BrokerRank Score | 3.6/5 | 3.7/5 ✓ |
| Min. Deposit | $0 ✓ | $50 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:4 | 1:400 ✓ |
| Regulation | SEC, CFTC | FCA, ASIC |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, Proprietary Web, Proprietary Mobile |
FXCM is the better choice overall, scoring 3.7/5 vs 3.6/5 on BrokerRank's independent rating. On fees, E*TRADE offers lower spreads (0 pips).
See full side-by-side comparison belowE*TRADE
WinnerFXCM
E*TRADE
Lower feesFXCM
E*TRADE
3.6/5
Choose E*TRADE if you want…
FXCM
3.7/5
Choose FXCM if you want…
FXCM scores higher overall on our independent rating system. E*TRADE holds a 3.6/5 rating vs FXCM's 3.7/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
E*TRADE offers spreads from 0 pips, while FXCM starts at 0.2 pips. Check the fees section above for a full breakdown.
E*TRADE requires a minimum deposit of $0. FXCM requires $50.
E*TRADE is regulated by SEC, CFTC, while FXCM holds licences from FCA, ASIC.
E*TRADE supports Proprietary Web, Proprietary Mobile. FXCM supports MT4, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.