eToro vs FP Markets

eToro vs FP Markets Comparison Table 2023
eToro	FP Markets
Review 4.1	Review 4
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
eToro is a top-rated multi-asset platform which offers both investing in stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.	FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Comment by Reviewer
"eToro is a great pick for traders who want to trade CFDs with copy trading and other social investing features. The brand is hugely respected with a string of awards and strong regulatory oversight."	"We recommend FP Markets for forex and stock traders with 70+ currency pairs and an impressive 10,000+ stocks available as CFDs."
Pros
25M+ user community Interest up to 5.35% on idle funds Industry-leading copy trading app Commission-free stock trading Islamic/Halal-friendly account Good user reviews and app rankings Low minimum deposit requirement Multiple orders including take profits Digital wallet with multiple currencies Trustworthy and award-winning company Comprehensive online training academy Demo account with access to virtual funds	Regulated and reputable broker with ASIC and CySEC oversight Tight spreads available on both the standard and raw spread account Good range of additional tools and features including educational content, Myfxbook and Autochartist MT4, MT5 and IRESS trading platforms One of the fullest asset lists on the market Bespoke copy trading platform High leverage up to 1:500
Cons
Fee to withdraw revenue Limited contact methods No guaranteed stop loss No MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms Currency conversion fees for account denominations other than USD	$55 subscription fee on IRESS accounts Withdrawal fees for some payment types Does not accept US customers
Awards
Best of Show Award 2012 - Finovate Europe Most Innovative Trading Platform 2010 - World Finance Awards Best Trading Software 2011 - World Finance Awards	Best Global Forex Value Broker 2019 - Global Forex Awards Best Quality of Trade Execution 2019 - Investment Trends
Instruments
Crypto	CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$10	$100
Trading Platforms
TradingCentral	MT4 MT5 cTrader AutoChartist TradingCentral
Payment Methods
Debit Card iDeal Klarna Neteller POLi Rapid Transfer Skrill Sofort Swift Visa Wire Transfer	BPAY Credit Card Dragonpay FasaPay Finrax Mastercard MoneyGram Neteller PayPal Paytrust Perfect Money POLi Skrill Visa Wire Transfer
Minimum Trade
$10	0.01 Lots
Regulator
FCA, ASIC, CySEC, FSA	ASIC, CySEC, ESMA
Margin Trading
Yes	No
Margin Rate
1%
STP Account
Yes	Yes
ECN Account
Yes	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android & Windows	iOS & Android
Auto Trading
Automate your trades via Copy Trading - follow profitable traders. Open and close trades automatically when they do.	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
One of the best proprietary platforms currently on the market is the award-winning eToro CopyTrader (at no additional cost for eToro clients). The web-based platform includes a user-friendly and interactive layout and also comes with social features, including a community chat. Copy trading on crypto trades only.	FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system.
Social Trading
Yes	Yes
Trade Signals
Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10	$0
Islamic Account
Yes	Yes
Account Currencies
USD	USD EUR GBP CAD AUD JPY TRY CHF PLN CZK THB VND
Stock Exchanges
Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange National Stock Exchange Of India New York Stock Exchange Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Tokyo Commodity Exchange Taiwan Stock Exchange	Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq National Stock Exchange Of India New York Stock Exchange
Commodities
Aluminium Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Iron Lead Lithium Livestock Nickel Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat	Aluminium Copper Corn Gold Iron Natural Gas Oil Palladium Platinum Silver Soybeans Steel Wheat
CFD Trading
Trade CFDs on over 3,000 assets and enjoy rich market data through integrated TradingView charts. There is also comprehensive free learning tools via the eToro Academy, ideal for beginners. Fees are low and leverage is in line with regulatory requirements, helping to provide a secure trading environment.	FP Markets' CFD trading covers a range of markets, including 10,000+ equities, indices, commodities, cryptocurrencies and ETFs. Spreads are tight and traders get fast execution speeds.
Leverage
	1:30 (UK), 1:500 (Global)
FTSE Spread
1.5 pt	1.64
GBPUSD Spread
2 pips	1.9 average
Oil Spread
5 pts	0.04
Stocks Spread
0.24% Var	Variable
Forex Trading
An impressive selection of 52 currencies are tradeable on eToro's proprietary platform and app. Traders can also continuously hone their forex strategies by switching between demo mode and their live account any time.	FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity.
Forex App
eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.
GBPUSD Spread
2 pips	1.9
EURUSD Spread
1.5 pips	1.1
EURGBP Spread
1.5 pips	1.7
Assets
49	60+
Currency Indices
USD	USD
Cryptocurrency
eToro leads the way in cryptocurrency trading. The lowest spreads (from 1% for BTC), their own wallet service and the largest number of cryptos to trade in the market. Don’t invest unless you’re prepared to lose all the money you invest.	Take positions on popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin with leveraged CFDs. However, you cannot directly buy and own crypto tokens.
Spread
BTC 1%, ETH 2%	Floating
Coins
BTC ETH BCH XRP DASH LTC ETC ADA MIOTA XLM EOS NEO ZEC BNB VET	ADA BCH BTC DOG DOT EOS ETH LNK LTX XRP SOL XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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