Written by ForexBrokers.com
In this head to head comparison of eToro vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
eToro, founded in 2007, is an online broker that stands out for its strong regulatory credentials and its status as a publicly traded company. It holds three Tier-1 licenses, signifying a high level of trust, and one Tier-2 license, indicating it's a reliable option for traders. With a Trust Score of 96 from ForexBrokers.com, eToro is highly trusted, offering a secure trading environment without being a bank.
FP Markets, established in 2005, maintains its reputation in the financial world through its regulatory standings, albeit it's not publicly listed. It holds two Tier-1 licenses and one Tier-2 license, ensuring a level of trustworthiness. Its Trust Score of 89 signifies it is a trusted broker. Like eToro, FP Markets is not a bank, but it provides a trusted platform for trading activities.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Year Founded | 2007 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing commissions and fees between eToro and FP Markets, it's clear that each broker caters to different trading preferences. eToro, a market-maker broker, typically offers a variable spread of 1 pip on the EUR/USD. While this spread is slightly higher than the industry norm, eToro stands out with its unique social copy trading platform. For traders interested in more than just spreads, eToro offers a VIP Club with five tiers, providing benefits like access to Trading Central and discounted withdrawal fees. eToro earns a commendable rating of 4.5 stars and places at #22 among 63 brokers in ForexBrokers.com's Commissions and Fees category.
In contrast, FP Markets excels in offering cost-effective solutions, particularly for its commission-based ECN accounts. With a competitive spread starting at 0.1 pips for its Raw ECN account, FP Markets offers an attractive proposition for traders focused on cost efficiency. The broker's Standard account has higher spreads, averaging 1.1 pips for EUR/USD, but its Raw ECN account is favored for its lower all-in costs (0.8 pips after commission). FP Markets also boasts a 5-star rating and ranks impressively at #6 in the same Commissions and Fees category.
Particularly for traders in Australia, FP Markets offers the Iress platform with varying account types, including Standard, Platinum, and Premier options, each with different minimum deposits. While the Iress ViewPoint account demands higher fees, it benefits active or high-balance traders. On the other hand, the less expensive Iress Investor account forgoes some features, offering a budget-friendly alternative. In summary, FP Markets caters to traders prioritized on cost-effective trading, while eToro offers value through its social trading capabilities and membership perks.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 AUD |
| Average Spread EUR/USD - Standard | 1 | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.7 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment options offered by eToro and FP Markets, investors can find both platforms provide a strong range of opportunities. Both eToro and FP Markets offer forex trading as CFDs and boast a considerable number of tradeable symbols, with FP Markets providing access to 10,000 symbols versus eToro's offering of 5,461. FP Markets also delivers a wider selection of forex pairs, numbering 71, compared to eToro's 55 pairs. However, eToro excels in providing direct access to exchange traded securities on U.S. and international markets, such as buying shares of Apple or Vodafone, a feature that FP Markets does not offer.
eToro and FP Markets both support copy trading, allowing users to mimic the strategies of experienced traders. However, eToro stands out with its provision for purchasing actual cryptocurrencies alongside cryptocurrency derivatives, whereas FP Markets only offers derivatives. These features contribute to eToro's higher ranking for its range of investments, scoring 5 stars and placing 10th out of 63 brokers according to ForexBrokers.com. Meanwhile, FP Markets achieves a respectable 4.5 stars, ranking 18th out of the same group. Overall, while both platforms provide diverse investment choices, eToro offers unique advantages for those looking for access to international stocks and tangible cryptocurrencies.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 10000 |
| Forex Pairs (Total) | 55 | 71 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing eToro and FP Markets for their trading platforms and tools, both brokers provide access to free virtual demo accounts, allowing beginners to practice trading without financial risk. eToro and FP Markets have proprietary platforms, ensuring unique trading experiences. While eToro sticks to a web-based platform, FP Markets stands out with a Windows-based desktop download option, catering to traders who prefer installed software. Both platforms offer web-based trading and support for copy trading, though only FP Markets includes access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are favored by many seasoned traders for their versatility.
For charting, eToro has 161 drawing tools available, while FP Markets offers 17, giving eToro an edge for those focused on technical analysis. Traders with FP Markets benefit from the ability to trade directly from a stock chart, a feature not available with eToro. Regarding watch lists, FP Markets provides one additional field compared to eToro. In terms of overall ratings, eToro is rated 4.5 stars for its trading platforms and tools, and ranks 8th out of 63 brokers, surpassing FP Markets, which is rated 4 stars and ranks 23rd overall. This makes eToro a more highly regarded choice in this category, especially for those seeking a well-rated and comprehensive trading experience.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 17 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of eToro and FP Markets, both platforms offer iPhone and Android apps, alongside features like stock and forex price alerts. eToro stands out with its watchlist symbol syncing feature, allowing seamless updates between the mobile app and online account, a feature not available with FP Markets. In terms of technical analysis, eToro offers an impressive 104 technical studies for charting, yet lacks the ability to draw trendlines, a feature included in FP Markets' app. Both apps support viewing stock and forex charts across various timeframes, but FP Markets additionally offers auto-saving of chart drawings, a perk missing from eToro's app.
Creating watchlists with real-time quotes is a shared feature between eToro and FP Markets, though eToro garners a slightly higher rating of 4.5 stars compared to FP Markets at 4 stars. According to ForexBrokers.com, eToro is ranked #10, outperforming FP Markets which ranks #18 out of 63 brokers for mobile trading apps. Thus, while both apps have strong offerings, eToro’s app is noted for better syncing capabilities and a higher number of technical studies, whereas FP Markets shines with chart drawing features and auto-saving capabilities.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | MetaTrader (Default) |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing eToro and FP Markets in terms of market research offerings, both platforms provide daily market commentary to keep their users informed. However, FP Markets has the edge in delivering forex news from top-tier sources like Bloomberg and Reuters, a feature eToro lacks. For those interested in technical analysis tools, both brokers offer resources from Trading Central. FP Markets also includes tools from Autochartist, unlike eToro. Sentiment-based trading tools are available on both platforms, allowing traders to view long or short position ratios across various instruments. While eToro incorporates research capabilities from TipRanks, FP Markets does not, and neither broker offers tools from Acuity Trading.
In terms of additional resources, both brokers provide an economic calendar, displaying impending global news events to aid traders in strategy planning. eToro holds a slight advantage in research with a rating of 4.5 stars compared to FP Markets' 4-star rating. According to ForexBrokers.com, eToro stands at number 13 out of 63 brokers in the research category, ahead of FP Markets at number 25, illustrating a broader and reliable scope of research resources for eToro users.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners seeking comprehensive educational resources in the trading world, both eToro and FP Markets present themselves as strong contenders. eToro provides an extensive range of more than 10 educational materials such as articles, videos, and webinars focused on forex and CFD education. This is complemented by regular monthly webinars and a searchable archive, ensuring that users have continuous access to knowledge. eToro also caters to different skill levels with at least 10 educational videos each for beginners and advanced traders. Additionally, the broker offers an investor dictionary with over 50 terms, which is invaluable for those new to investing. Rated at 4.5 stars for education, eToro ranks impressively at #5 among 63 brokers, showcasing its commitment to educating traders.
FP Markets also offers a wealth of learning opportunities, providing a minimum of 10 educational pieces and monthly webinars similar to eToro. A searchable archive of recorded webinars and a catalog of beginner and advanced videos help traders at any stage of their journey to enhance their skills. Their investor dictionary with 50 terms further aids beginners in understanding the trading environment. While FP Markets holds a commendable 4-star rating for education, it stands at #23 in ForexBrokers.com's ranking, indicating room for growth compared to eToro's higher placement. Both brokers are committed to beginner education, but eToro's higher ranking and rating may appeal more to those prioritizing top-tier educational resources.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than FP Markets. eToro finished with an overall rank of #9, while FP Markets finished with an overall rank of #19.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 89 |
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eToro allows investors to purchase both actual delivered cryptocurrency and cryptocurrency derivatives, whereas FP Markets only provides the option to trade cryptocurrency derivatives, not the actual physical cryptocurrency.
In comparing online brokers eToro and FP Markets, eToro offers more diverse fund transfer options with ACH or SEPA transfers in addition to both platforms supporting PayPal, Skrill, Visa or Mastercard, and bank wires for deposit or withdrawal.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | eToro | FP Markets | |
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| Trust Score | 96 | 89 | |
| Winner | check_circle | ||
| Review | eToro Review | FP Markets Review |
| Broker Screenshots | eToro | FP Markets | |
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| Regulation | eToro | FP Markets | |
|---|---|---|---|
| Trust Score | 96 | 89 | |
| Year Founded | 2007 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 10000 | |
| Forex Pairs (Total) | 55 | 71 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | FP Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.7 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 AUD | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | FP Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 17 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | MetaTrader (Default) | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | FP Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | FP Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | FP Markets | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | eToro Review | FP Markets Review |
| Overall | eToro | FP Markets | |
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| Trust Score | 96 | 89 | |
| Winner | check_circle | ||
| Review | eToro Review | FP Markets Review |
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