Compare FxPro vs eToro
What is FxPro? What is eToro?
FxPro is a multi-award winning trading broker that specializes in forex but also offers stocks and tight spreads on CFDs and spread betting across a wide range of markets. It supports four trading platforms: MetaTrader 4, MetaTrader 5, cTrader and FxPro Edge. It also provides algorithmic trading, analytical tools and educational resources for traders.
eToro is a multi-asset platform that offers both investing in stocks and cryptoassets as well as trading CFDs. It is known for its social trading and copy trading features, which allow users to follow and copy the trades of other users. It also offers a user-friendly and interactive web-based platform with a community chat and a mobile app.
FxPro vs eToro Overall Comparison
| Criteria | FxPro | eToro |
|---|---|---|
| Trust Score | 90/99 | 93/99 |
| Year Founded | 2006 | 2007 |
| Publicly Traded | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 1 | 0 |
| Tradeable Symbols (Total) | 2249 | 3458 |
| Forex Pairs (Total) | 70 | 49 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int’l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | Yes |
| Cryptocurrency (CFD) | Yes | Yes |
FxPro vs eToro Regulation Comparison
FxPro is regulated by four financial authorities: the UK’s Financial Conduct Authority (FCA), Cyprus’ Securities and Exchange Commission (CySEC), South Africa’s Financial Sector Conduct Authority (FSCA) and the Bahamas’ Securities Commission (SCB).
eToro is regulated by three financial authorities: the UK’s Financial Conduct Authority (FCA), Cyprus’ Securities and Exchange Commission (CySEC) and Australia’s Securities and Investments Commission (ASIC).
Both brokers are considered low-risk and have high trust scores.
FxPro vs eToro Trading Assets Comparison
FxPro offers a wider range of forex pairs than eToro, with 70 vs 49 pairs available. However, eToro has more tradeable symbols in total, with 3458 vs 2249 symbols offered by FxPro.
Both brokers offer CFDs on forex, stocks, indices, metals, energies and futures. However, eToro also offers physical trading of stocks and cryptocurrencies, while FxPro does not.
FxPro vs eToro Trading Fees Comparison
FxPro charges variable spreads on its trading platforms, which depend on the market conditions, the asset class and the account type. The average spread for EUR/USD is 1.51 pips on MT4 accounts, 1.58 pips on MT5 accounts, 0.37 pips on cTrader accounts and 1.52 pips on FxPro Edge accounts.
eToro charges fixed spreads on its platform, which vary depending on the asset class and the market conditions. The average spread for EUR/USD is 1 pip on eToro.
Both brokers charge overnight fees or swap rates for holding positions overnight. However, eToro also charges an inactivity fee of $10 per month after one year of no trading activity, while FxPro does not.
Neither broker charges commissions or deposit fees.
FxPro vs eToro Account Types Comparison
FxPro offers four types of accounts: MT4 account, MT5 account, cTrader account and FxPro Edge account. The minimum deposit for all accounts is $100.
eToro offers only one type of account: the standard account. The minimum deposit for this account varies depending on the country of residence of the user, ranging from $10 to $10,000.
Both brokers offer demo accounts for practice trading with virtual money.
FxPro vs eToro Trading Conditions Comparison
FxPro offers a choice of four trading platforms: MetaTrader 4, MetaTrader 5, cTrader and FxPro Edge. All platforms are available as desktop, web and mobile versions, except for FxPro Edge, which is only available as a web version. FxPro also supports algorithmic trading via Expert Advisors (EAs) on MT4 and MT5 platforms.
eToro offers only one trading platform: the eToro platform. It is a web-based platform that includes a user-friendly and interactive layout and also comes with social features, such as a community chat. It also has a mobile app for iOS and Android devices.
Both brokers offer negative balance protection, meaning that traders cannot lose more than their account balance.
FxPro vs eToro Deposit Options Comparison
FxPro offers several deposit and withdrawal options, including bank wire transfer, credit/debit cards, PayPal, Skrill, Neteller, UnionPay and American Express. The minimum withdrawal amount is $100 or equivalent. Withdrawals are usually processed within one business day.
eToro offers fewer deposit and withdrawal options, including bank wire transfer, credit/debit cards, PayPal, Skrill, Neteller, Rapid Transfer, Klarna, iDeal and Sofort. The minimum withdrawal amount is $30 or equivalent. Withdrawals are usually processed within one to two business days.
Both brokers do not charge deposit fees, but they charge withdrawal fees. FxPro charges $30 or equivalent for bank wire transfers and 2.6% for credit/debit cards. eToro charges $5 or equivalent for all withdrawal methods.
FxPro vs eToro Trading Platforms Comparison
FxPro offers four trading platforms: MetaTrader 4, MetaTrader 5, cTrader and FxPro Edge. All platforms are available as desktop, web and mobile versions, except for FxPro Edge, which is only available as a web version.
MetaTrader 4 is the most popular trading platform in the forex industry, offering advanced charting tools, technical indicators, EAs and customizable features.
MetaTrader 5 is the newer version of MT4, offering more instruments, order types, timeframes and analytical tools. It also supports EAs and has a built-in economic calendar.
cTrader is a platform designed for ECN trading, offering fast execution, low spreads and depth of market. It also has advanced charting tools, indicators and automated trading via cBots.
FxPro Edge is a platform for spread betting, offering tight spreads on various markets. It also has a simple and intuitive interface and customizable features.
eToro offers only one trading platform: the eToro platform. It is a web-based platform that includes a user-friendly and interactive layout and also comes with social features, such as a community chat. It also has a mobile app for iOS and Android devices.
The eToro platform allows users to trade CFDs on various markets, as well as invest in stocks and cryptocurrencies directly. It also offers social trading and copy trading features, which allow users to follow and copy the trades of other users.
FxPro vs eToro Analytical Tools Comparison
FxPro provides various analytical tools for traders, including:
- FxPro Trading Central: A technical analysis tool that provides market insights, signals and forecasts.
- FxPro VPS: A virtual private server that allows traders to run EAs without interruptions.
- FxPro Quant: A tool that allows traders to create their own EAs without coding.
- FxPro Calculators: A set of calculators that help traders calculate margin, pip value, swap rates and more.
- FxPro Economic Calendar: A calendar that shows the upcoming economic events and their impact on the markets.
- FxPro Market News: A news feed that provides the latest market news and analysis.
eToro provides fewer analytical tools for traders, including:
- eToro Economic Calendar: A calendar that shows the upcoming economic events and their impact on the markets.
- eToro Market News: A news feed that provides the latest market news and analysis.
- eToro Social Newsfeed: A feed that shows the posts and comments of other users on the platform.
- eToro CopyPortfolios: A set of portfolios that are managed by eToro’s experts or based on a specific theme or strategy.
FxPro vs eToro Educational Resources Comparison
FxPro offers various educational resources for traders, including:
- FxPro Academy: A collection of articles, videos and webinars that cover various topics related to forex trading.
- FxPro Blog: A blog that provides market commentary, analysis and tips from FxPro’s experts.
- FxPro Help Centre: A section that provides answers to frequently asked questions and guides on how to use the platforms and services.
eToro offers fewer educational resources for traders, including:
- eToro Trading School: A collection of articles, videos and webinars that cover various topics related to trading and investing.
- eToro Trading Guide: A guide that explains the basics of trading and investing on eToro.
- eToro Help Centre: A section that provides answers to frequently asked questions and guides on how to use the platform and services.
Which offers better pricing – FxPro or eToro
Both FxPro and eToro charge variable spreads on their trading platforms, which depend on the market conditions, the asset class and the account type. However, eToro generally offers lower spreads than FxPro, especially on forex pairs. For example, the average spread for EUR/USD is 1 pip on eToro, while it is 1.51 pips on FxPro’s MT4 accounts.
However, eToro also charges an inactivity fee of $10 per month after one year of no trading activity, while FxPro does not. Moreover, eToro charges a withdrawal fee of $5 or equivalent for all withdrawal methods, while FxPro charges $30 or equivalent for bank wire transfers and 2.6% for credit/debit cards.
Therefore, the pricing comparison between FxPro and eToro depends on the trading frequency, volume and method of the user. In general, eToro may offer better pricing for active and low-volume traders who use electronic payment methods, while FxPro may offer better pricing for inactive and high-volume traders who use bank wire transfers.
Which broker offers more security when trading Forex and CFDs?
Both FxPro and eToro are considered low-risk and have high trust scores. They are regulated by multiple financial authorities in different jurisdictions, which provide oversight and protection for traders.
FxPro is regulated by four financial authorities: the UK’s Financial Conduct Authority (FCA), Cyprus’ Securities and Exchange Commission (CySEC), South Africa’s Financial Sector Conduct Authority (FSCA) and the Bahamas’ Securities Commission (SCB).
eToro is regulated by three financial authorities: the UK’s Financial Conduct Authority (FCA), Cyprus’ Securities and Exchange Commission (CySEC) and Australia’s Securities and Investments Commission (ASIC).
Both brokers also offer negative balance protection, meaning that traders cannot lose more than their account balance. However, eToro also offers an additional layer of security by being a member of the Investor Compensation Fund (ICF) in Cyprus and the Financial Services Compensation Scheme (FSCS) in the UK, which cover up to €20,000 and £85,000 per client respectively in case of broker insolvency.
Therefore, both brokers offer a high level of security when trading forex and CFDs, but eToro may have a slight edge over FxPro due to its membership in the ICF and FSCS.
Which broker offers the superior trading platform?
FxPro offers a choice of four trading platforms: MetaTrader 4, MetaTrader 5, cTrader and FxPro Edge. All platforms are available as desktop, web and mobile versions, except for FxPro Edge, which is only available as a web version.
MetaTrader 4 is the most popular trading platform in the forex industry, offering advanced charting tools, technical indicators, EAs and customizable features.
MetaTrader 5 is the newer version of MT4, offering more instruments, order types, timeframes and analytical tools. It also supports EAs and has a built-in economic calendar.
cTrader is a platform designed for ECN trading, offering fast execution, low spreads and depth of market. It also has advanced charting tools, indicators and automated trading via cBots.
FxPro Edge is a platform for spread betting, offering tight spreads on various markets. It also has a simple and intuitive interface and customizable features.
eToro offers only one trading platform: the eToro platform. It is a web-based platform that includes a user-friendly and interactive layout and also comes with social features, such as a community chat. It also has a mobile app for iOS and Android devices.
The eToro platform allows users to trade CFDs on various markets, as well as invest in stocks and cryptocurrencies directly. It also offers social trading and copy trading features, which allow users to follow and copy the trades of other users.
The comparison between FxPro’s and eToro’s trading platforms depends on the preferences and needs of the user. In general,
FxPro may offer a superior trading platform for experienced and professional traders who want more options, flexibility and functionality. FxPro’s platforms also support algorithmic trading, which may appeal to traders who want to automate their strategies.
eToro may offer a superior trading platform for beginner and casual traders who want a simple and easy-to-use interface. eToro’s platform also offers social trading and copy trading features, which may appeal to traders who want to learn from others or diversify their portfolio.
Do these brokers both offer MetaTrader?
FxPro offers both MetaTrader 4 and MetaTrader 5 as trading platforms. MetaTrader 4 is the most popular trading platform in the forex industry, offering advanced charting tools, technical indicators, EAs and customizable features. MetaTrader 5 is the newer version of MT4, offering more instruments, order types, timeframes and analytical tools. It also supports EAs and has a built-in economic calendar.
eToro does not offer MetaTrader as a trading platform. eToro offers only one trading platform: the eToro platform. It is a web-based platform that includes a user-friendly and interactive layout and also comes with social features, such as a community chat. It also has a mobile app for iOS and Android devices.
Therefore, FxPro offers MetaTrader as a trading platform, while eToro does not.
How many Forex pairs can you expect from these brokers?
FxPro offers a wider range of forex pairs than eToro, with 70 vs 49 pairs available. FxPro’s forex pairs include major, minor and exotic currencies, as well as some emerging market currencies.
eToro offers fewer forex pairs than FxPro, with 49 pairs available. eToro’s forex pairs include major and minor currencies, as well as some exotic currencies.
Therefore, FxPro offers more forex pairs than eToro.
Is it safe to trade with FxPro?
FxPro is considered a safe broker to trade with. It is regulated by four financial authorities in different jurisdictions, which provide oversight and protection for traders. It also has a high trust score of 90 out of 99.
FxPro also offers negative balance protection, meaning that traders cannot lose more than their account balance. Moreover, FxPro segregates client funds from its own funds and uses reputable banks to hold them.
Therefore, it is safe to trade with FxPro.
Is it safe to trade with eToro?
eToro is also considered a safe broker to trade with. It is regulated by three financial authorities in different jurisdictions, which provide oversight and protection for traders. It also has a high trust score of 93 out of 99.
eToro also offers negative balance protection, meaning that traders cannot lose more than their account balance. Moreover, eToro segregates client funds from its own funds and uses reputable banks to hold them.
In addition, eToro is a member of the Investor Compensation Fund (ICF) in Cyprus and the Financial Services Compensation Scheme (FSCS) in the UK, which cover up to €20,000 and £85,000 per client respectively in case of broker insolvency.
Therefore, it is safe to trade with eToro.
Is FxPro a good broker?
FxPro is a good broker for experienced and professional traders who want more options, flexibility and functionality in their trading platforms. FxPro offers four trading platforms: MetaTrader 4, MetaTrader 5, cTrader and FxPro Edge. All platforms are available as desktop, web and mobile versions, except for FxPro Edge, which is only available as a web version.
FxPro also offers a wide range of forex pairs and other instruments for trading CFDs and spread betting. It also supports algorithmic trading via Expert Advisors (EAs) on MT4 and MT5 platforms and cBots on cTrader platform.
FxPro also provides various analytical tools and educational resources for traders, such as FxPro Trading Central,
FxPro VPS, FxPro Quant, FxPro Calculators, FxPro Economic Calendar and FxPro Market News.
FxPro is also a safe and regulated broker, with four financial authorities overseeing its operations. It also offers negative balance protection and segregates client funds from its own funds.
Therefore, FxPro is a good broker for experienced and professional traders who want more options, flexibility and functionality in their trading platforms.
Is eToro a good broker?
eToro is a good broker for beginner and casual traders who want a simple and easy-to-use interface in their trading platform. eToro offers only one trading platform: the eToro platform. It is a web-based platform that includes a user-friendly and interactive layout and also comes with social features, such as a community chat. It also has a mobile app for iOS and Android devices.
eToro also offers a large number of tradeable symbols, including stocks and cryptocurrencies that can be traded directly without CFDs. It also offers social trading and copy trading features, which allow users to follow and copy the trades of other users.
eToro also provides some analytical tools and educational resources for traders, such as eToro Economic Calendar, eToro Market News, eToro Social Newsfeed and eToro CopyPortfolios.
eToro is also a safe and regulated broker, with three financial authorities overseeing its operations. It also offers negative balance protection and segregates client funds from its own funds. Moreover, it is a member of the Investor Compensation Fund (ICF) in Cyprus and the Financial Services Compensation Scheme (FSCS) in the UK, which cover up to €20,000 and £85,000 per client respectively in case of broker insolvency.
Therefore, eToro is a good broker for beginner and casual traders who want a simple and easy-to-use interface in their trading platform.
FxPro vs eToro. Which forex broker is better? Which forex broker should you choose?
- Which forex broker is better? There is no definitive answer to this question, as different brokers may suit different traders depending on their preferences, goals and strategies. However, 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 platform due to its competitive pricing environment. It also offers a broader equity CFD selection and supports algorithmic trading.
- Which forex broker should you choose? The choice of broker depends on various factors, such as your trading style, experience level, risk appetite, budget and location. You should consider the pros and cons of each broker before making a decision. Some of the factors you may want to compare are: fees, regulation, security, platforms, assets, tools, education and customer service. You can use the web search results below to find more information about each broker or see their full reviews.
I hope this summary helps you compare FxPro and eToro. If you want to learn more about each broker or see their full reviews, you can visit their websites or check out some of the sources I used below:
