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eToro vs FxPro
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Updated:
Compare eToro vs FxPro Side by Side
Don’t know which broker eToro or FxPro to choose to suit your trading needs? Explore our comprehensive eToro Review and FxPro Review comparison guide. We examined deeply the critical aspects you need to consider, such as safety protocols, licensing, trading terms, and fee structures, as well as evaluated platforms and instruments available by comparing them side by side.
Summary
| Feature | eToro | FxPro |
|---|---|---|
| Website | //www.etoro.com | //www.fxpro.com |
| Founded year | 2006 | 2006 |
| Headquarter | Israel | UK |
| Licenses | UK, Australia, Cyprus, Seychelles | UK, Cyprus, South Africa, Bahamas, Mauritius |
| Minimum Deposit | 50 US$ | 100 US$ |
| Trading Platforms | eToro platform | MT4, MT5, cTrader, FxPro Edge |
| Eurusd avg Spread | 0.97 pip | 0.9 pips |
Licenses
| Feature | eToro | FxPro |
|---|---|---|
| Licenses Countries Info (short) |
|
|
Both eToro and FxPro are regulated brokers enjoying high reputations in the trading community. Both are regulated by well-esteemed financial authorities maintaining top-tier licenses like the UK and Australia. Additionally, both brokers have established offshore entities to cater to clients globally, further extending their reach and service provisions.
Broker Types
| Feature | eToro | FxPro |
|---|---|---|
| Broker types |
|
|
eToro operates as a Market Maker Broker, which means it facilitates trading by acting as the counterparty to its clients’ trades and offers unique features such as social trading. On the other hand, FxPro follows STP/ECN model, which provides direct access to liquidity providers and often results in faster execution and potentially tighter spreads.
Trading Conditions
| Feature | eToro | FxPro |
|---|---|---|
| Trading Conditions |
|
|
FxPro trading conditions are slightly diverse offering no restrictions on trading strategies whatsoever, offering high leverage, while eToro puts restrictions on scalping.
Fees & Commissions
| Fees & Commissions | eToro | FxPro |
|---|---|---|
| Inactivity Feemonth | $10 | 15 $ |
| Deposit fee | 0$ | 0 $ |
| Withdrawal fee | 5$ | 0 $ |
| Rollover fee eurusd buy 1 lot | -0.00008269 | -4.8665 |
| Rollover fee eurusd sell 1 lot | 0.00001841 | 0.7254 |
| Avg Eurusd standard acc | 0.97 pip | 0.9 pips |
| Gold | 4.5 | 1619 |
| Brent oil | 5 | 88 |
| Bitcoin | 102.71 | 20155 |
eToro vs FxPro fees are relatively similar with the main difference that eToro charges inactivity and withdrawal fees while FxPro charges only inactivity fees. Spreads for FxPro are much lower than for eToro.
Account Types
| Feature | eToro | FxPro |
|---|---|---|
| Account types |
|
|
Both brokers eToro vs FxPro offer Standard accounts While eToro account types are geared towards different levels of expertise and additional corporate requirements. Also, both brokers offers Islamic accounts for traders following Sharia laws.
Markets & Instruments
| Markets & Instruments | eToro | FxPro |
|---|---|---|
| Forex | 52 | 70 |
| Indices | 21 | 19 |
| Commodities | 32 | 7 |
| Cryptocurrencies | 74 | 4 |
| Shares | 3203 | 134 |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ✔️ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 325 | ❌ |
The market offerings of both eToro and FxPro bear a significant resemblance to each other. However, FxPro edges out with a more extensive assortment of trading instruments overall, offering traders a broader range of options. While eToro boasts a larger number of cryptocurrencies
Trading Platforms
| Feature | eToro | FxPro |
|---|---|---|
| Platforms |
|
|
Both eToro vs FxPro offer their own trading platform with features tailored specifically to its users. Also, FxPro offers MT4, MT5 platforms which are industry-standard. as well as it offers a sophisticated technical trading solution cTrader
Deposit & Withdrawal Methods
| Feature | eToro | FxPro |
|---|---|---|
| Payment methods |
|
|
eToro and FxPro facilitate a broad range of funding methods, including credit/debit cards and multiple e-wallets, affording traders a flexible approach to account management. However, eToro takes the lead with a more expansive variety of e-wallet alternatives, enhancing convenience for its users.
Others
| Feature | eToro | FxPro |
|---|---|---|
| Others |
|
|
Both eToro and FxPro rokers are highly proficient in delivering outstanding customer support through telephone, live chat, and email channels with a 24/5 availability. Education-wise, both eToro vs FxPro have the same level of education particularly suitable for beginner traders
Conclusion on FxPro vs eToro
Concluding eToro vs FxPro comparison we found both brokers deliver reliable trading solutions and overall are trustworthy. The offers of these brokers are quite similar, providing similar trading conditions and fees and good educational resources. However, the spreads for FxPro are relatively lower. For scalpers, FxPro emerges as the more suitable option given eToro’s restrictions on scalping activities. Aslo, advanced traders might prefer FxPro due to its sophisticated platform range. Here is our final recommendation:
- eToro —
Best Broker for Social Trading beneficial for novice traders or those looking to benefit from the expertise of others. - FxPro — Best Algorithmic Trading Broker characterized by robust technical tools and suitable for advanced traders
