eToro, with 25M+ social traders, remains an industry leader in this category, offering its proprietary CopyTrader and CopyPortfolios and a growing cryptocurrency presence. Beginners benefit from services like the eToro Academy, eToro plus, and The Bull Club. eToro also offers in-house managed thematic investment portfolios for passive investors.
FxPro provides traders with its proprietary trading platform, MT4, MT5, and cTrader. The latter three support algorithmic trading and feature embedded copy trading services, while the Trading Central plugin enhances MT4/MT5. Deep liquidity, fast order execution, high leverage, and its NDD order execution model make FxPro a great choice for demanding traders, with 2M+ clients from 173 countries.
We have conducted an in-depth review of eToro and FxPro to determine which one presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- eToro vs. FxPro - Verdict
Israel United Kingdom ASIC, CySEC, FCA, FSA N/A 2007 2006 Market Maker No Dealing Desk $50 - $10,000 $100 N/A Proprietary platform Other, MetaTrader 4, MetaTrader 5, cTrader+ N/A 1.3 pips 2.2 pips 1.5 pips $0.05 $0.03 $0.45 $0.29 74% N/A 0.8 pips N/A 1.3 pips N/A $0.00 N/A Visit Website Your investment value may change. Capital is at risk. Visit Website
Features and Platforms
| | |
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | N/A | |
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | N/A | |
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
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Noteworthy:
eToro announced the launch of an NFT fund, meeting client demand, while FxPro maintains a high-payout partnership program for passive income generation.
Available Markets
| | |
Currency Pairs | N/A | |
Cryptocurrencies | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | N/A | |
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
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Both brokers offer approximately 2,000+ CFDs, where FxPro takes a marginal lead. The bulk of assets consists of equity CFDs. FxPro maintains a broader choice of currency pairs but no longer offers cryptocurrencies. eToro features direct share investments and ETFs, unavailable at FxPro. eToro provides more balance, but FxPro maintains a better Forex and CFD selection.
Typical Spreads and Fees
| | |
Average Trading Cost EUR/USD | N/A | 1.3 pips |
Average Trading Cost GBP/USD | 2.2 pips | 1.5 pips |
Average Trading Cost WTI Crude Oil | $0.05 | $0.03 |
Average Trading Cost Gold | $0.45 | $0.29 |
Average Trading Cost Bitcoin | $574 | $38 |
Minimum Raw Spreads | 0.8 pips | N/A |
Minimum Standard Spreads | 1.3 pips | N/A |
Minimum Commission for Forex | $0.00 | N/A |
Deposit Fee | N/A | |
Withdrawal Fee | N/A | |
Inactivity Fee | $10 monthly after 12 monthd | N/A |
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eToro and FxPro have high commission-free Forex costs, where the minimum at FxPro is 50% cheaper, but the average is 50% more expensive. FxPro maintains a competitive commission-based alternative that only applies to the cTrader trading platform, where average costs are 50% cheaper than eToro. FxPro also offers commission-free CFD trading.
Security and Trust
| | |
Country of the Regulator | Australia, Cyprus, Seychelles, United Kingdom | The Bahamas, Cyprus, United Kingdom, South Africa |
Name of the Regulator | ASIC, CySEC, FCA, FSA | N/A |
Regulatory License Number | 491139, 109/10, 583263, SD076 | 509956, 078/07, 45052, SIA-F184 |
Regulatory Tier | N/A | 1, 1, 2, 4 |
| Visit Website Your investment value may change. Capital is at risk. | Visit Website |
Segregation of client deposits, negative balance protection, and an investor compensation fund for the UK and Cyprus subsidiaries exist at both eToro and FxPro. The former also offers a $1,000,000 third-party insurance program underwritten by Lloyd's of London, while the latter has € 100.000.000 in Tier 1 corporate capital. Both brokers have a clean track record and present traders with an equally secure and trustworthy environment.
eToro vs FxPro – Verdict
eToro
| Pros | Cons |
| Copy-trading with a community numbering almost 25 million traders | Higher minimum deposit requirement but within a reasonable range |
| User-friendly web-based trading platform and mobile app | Absence of MT4 and no algorithmic trading |
| Quality educational offering for beginner traders via videos | |
| Balanced asset selection with a focus on equity CFDs and ETFs |
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FxPro
| Pros | Cons |
| Choice of four trading platforms plus services by Trading Central for MT4/MT5 | No cryptocurrencies |
| Deep liquidity, fast order execution, and high leverage | High trading costs for non-cTrader accounts |
| Algorithmic and social trading support plus VPS hosting | |
| A competitive commission-based cost structure for cTrader |
eToro remains the better solution for social traders, passive investors, and casual mobile traders. FxPro presents an overall better choice for Forex traders using the cTrader trading platform due to its competitive pricing environment. It also offers a broader equity CFD selection and supports algorithmic trading.
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