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 vs FP Markets: both are online brokers and not banks. eToro was founded in 2007 and is publicly traded, while FP Markets started in 2005 and is not listed.
Regulation and safety: eToro holds 4 Tier-1 licenses (highly trusted) and 1 Tier-2 license (trusted). FP Markets holds 2 Tier-1 and 1 Tier-2 license. On ForexBrokers.com’s Trust Score, eToro scores 96/99 (highly trusted: 90–99) and FP Markets scores 89/99 (trusted: 80–89). For context, 70–79 is average risk, 60–69 high risk, and 59 or below should not be trusted.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Year Founded | 2007 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Comparing commissions and fees, FP Markets generally comes out cheaper than eToro. FP Markets earned Best in Class honors for Commissions and Fees in 2024 and is rated 5/5 stars, ranked #6 out of 63 brokers by ForexBrokers.com. eToro, while competitive for its social copy trading features, is pricier on spreads and is rated 4.5/5 stars, ranked #23 out of 63 for the Commissions and Fees category.
eToro uses a market‑maker model and lists a typical variable spread of 1 pip on EUR/USD, which is a bit above the industry average. Traders don’t usually pick eToro for ultra‑low spreads; they pick it for copy trading and its easy platform. For larger balances, the eToro Club offers VIP tiers (Silver to Diamond) for $5,000–$250,000 with perks like Trading Central access, discounted withdrawal/deposit fees, and a dedicated account manager.
FP Markets focuses on low-cost trading across MetaTrader and cTrader. Its Raw ECN account averaged 0.1 pips on EUR/USD (about 0.8 pips all‑in after commission), while the Standard account averaged 1.1 pips. The Raw account charges a flat $6 per round‑turn per standard lot for forex. For share CFDs, the Iress suite provides Direct Market Access with full depth of book, though the ViewPoint option can add platform/data fees unless you qualify for Premier or spend at least AUD 150 in monthly commissions; the lower‑cost Iress Investor waives monthly fees but has limited tools and no default streaming data.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 AUD |
| Average spread (EUR/USD) - Standard account | 1 | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.7 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro and FP Markets both let you trade forex as CFDs or spot, and both support copy trading and crypto CFDs. FP Markets lists more total symbols (10,000 vs. eToro’s 7,441) and more forex pairs (71 vs. 55), appealing to traders who want a large menu of CFD and currency markets. eToro stands out for access to real, exchange-traded stocks on U.S. and international exchanges—so you can actually buy shares like Apple or Vodafone—not just trade CFDs. eToro also lets you buy actual cryptocurrency in addition to crypto CFDs, while FP Markets does not offer delivered crypto or real share dealing.
For Range of Investments, eToro is rated 5 stars and ranks #11 out of 63 brokers on ForexBrokers.com. FP Markets earns 4.5 stars and ranks #19. In short, pick FP Markets if you want the widest list of forex pairs and CFD symbols, or choose eToro if you want to own stocks and crypto directly while still having access to CFDs and copy trading.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 10000 |
| Forex Pairs (Total) | 55 | 71 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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.
eToro vs FP Markets: both brokers provide a free demo (paper) account and each offers a proprietary, in-house trading platform. eToro focuses on an easy web-based experience and does not have a Windows desktop download, while FP Markets delivers both a browser platform and a Windows desktop platform. Both support copy trading and let you trade directly from price charts, helping you move from analysis to execution with fewer clicks.
Platform choice is the big divider. eToro does not support MetaTrader, whereas FP Markets offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) alongside its own platform. For Trading Platforms and Tools, ForexBrokers.com rates eToro 4.5/5 and ranks it #8 out of 63 brokers, while FP Markets earns 4/5 and ranks #23. In short, eToro suits traders who want an intuitive web and social trading setup, and FP Markets appeals to MetaTrader users and anyone who prefers a capable Windows desktop platform.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 106 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and FP Markets offer mobile trading apps for iPhone and Android, and both support price alerts. A key difference is watchlists: eToro syncs your watchlist between the app and the web platform, while FP Markets does not. In independent testing by ForexBrokers.com, eToro’s mobile app earned 4.5 stars and ranked #10 out of 63 brokers, while FP Markets earned 4 stars and ranked #18.
For charting, eToro packs in 104 built-in technical indicators but does not let you draw trendlines or auto-save drawings. FP Markets’ app relies on MetaTrader’s default set of indicators, yet it does support drawing trendlines and auto-saves your chart annotations. Choose eToro if you want more built-in indicators and synced watchlists, or FP Markets if drawing tools and saved chart work matter more to you.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | MetaTrader (Default) |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
eToro and FP Markets both cover the basics for market research: each provides daily market commentary, headline forex news from top-tier sources like Bloomberg and Reuters, Trading Central tools for technical analysis, sentiment data showing long vs. short positioning, and a global economic calendar. Where they differ is in third‑party extras. FP Markets includes Autochartist for chart patterns and trade ideas, while eToro does not. On the other hand, eToro offers TipRanks equity research, which FP Markets lacks. Neither broker currently features tools from Acuity Trading.
In independent testing by ForexBrokers.com, eToro earns 4.5 out of 5 stars for Research and ranks #13 out of 63 brokers, while FP Markets scores 4 stars and ranks #25. If TipRanks insights matter to your stock and ETF decisions, eToro has the edge. If you prefer Autochartist’s pattern recognition for forex and CFDs, FP Markets may be a better fit. Both brokers deliver timely news, analysis, and trader sentiment to help inform your strategies.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
eToro vs FP Markets for beginners: both brokers deliver plenty of forex and CFD education. Each offers an extensive library with at least 10 beginner videos and 10 advanced videos, plus monthly live webinars to help you learn step by step. If you want to start with simple lessons and keep growing into more advanced topics, either platform gives you a clear path.
Where they differ is in quality scores and industry standing. eToro earns 4.5 out of 5 stars for Education and ranks #5 out of 63 brokers at ForexBrokers.com, while FP Markets scores 4 stars and ranks #23. In short, eToro is the stronger pick for beginners who want top-rated learning materials, while FP Markets remains a solid choice with frequent webinars and a large video catalog.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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
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FP Markets
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| Trust Score | 96 | 89 |
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In the eToro vs FP Markets comparison, eToro lets you buy real, delivered cryptocurrency and trade crypto CFDs, while FP Markets does not offer delivered crypto but does provide cryptocurrency CFDs.
In the eToro vs FP Markets comparison for deposit and withdrawal methods, eToro supports ACH/SEPA, PayPal, Skrill, and bank wire transfers, while FP Markets offers PayPal, Skrill, and bank wire transfers but not ACH/SEPA.
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 | 4 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| 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) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | eToro | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 10000 | |
| Forex Pairs (Total) | 55 | 71 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 account | 1 | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.7 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order 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 | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | eToro | FP Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | eToro | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | MetaTrader (Default) | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | FP Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | FP Markets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | eToro | FP Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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