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, established in 2007, and FP Markets, which started operations in 2005, are both well-known players in the online brokerage sector. Neither of these providers is publicly traded or operates as a bank, which is important for potential investors to consider. When it comes to trustworthiness, ForexBrokers.com gives eToro a Trust Score of 93, classifying it as highly trusted. This is underscored by eToro's possession of three Tier-1 licenses, the highest level of regulatory approval.
FP Markets, on the other hand, earns a slightly lower Trust Score of 89, indicating it is trusted but not to as high a degree as eToro. With two Tier-1 licenses and one Tier-2 license, FP Markets remains a credible choice, though it falls just short of eToro's higher regulatory standing. For traders prioritizing security and regulatory compliance, these aspects may influence their decision-making process when choosing between these two brokers.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Year Founded | 2007 | 2005 |
| Publicly Traded (Listed) | No | 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 eToro and FP Markets in terms of their commissions and fees, both brokers offer distinct features that cater to different trading needs. eToro is renowned for its social copy trading platform rather than its trading fees. It operates as a market-maker broker with a variable spread typically starting at 1 pip on the EUR/USD, slightly higher than the industry average. eToro also offers a VIP club called eToro Club with five membership tiers, where traders maintaining balances between $5,000 and $250,000 can access benefits like discounted fees and a dedicated account manager. Ranked #22 among 62 brokers in the Commissions and Fees category by ForexBrokers.com, eToro has received a robust rating of 4.5 stars.
FP Markets, on the other hand, is highlighted for its competitive pricing through its MetaTrader and cTrader platforms, especially in its commission-based ECN account offering. It was honored as Best in Class for Commissions and Fees in the 2024 Annual Awards. FP Markets' Raw ECN account features spreads averaging as low as 0.1 pips, with an all-in cost of 0.8 pips after commissions. The Standard account presents wider spreads, averaging 1.1 pips on the EUR/USD. For its Iress platform suite in Australia, FP Markets provides three account options, with varying minimum deposits, where the Premier account offers the most savings. FP Markets has indeed proven its competitive edge, achieving a top rank of #6 and a perfect 5-star rating in the same category.
In summary, while eToro draws traders with its distinct social trading features and VIP perks, FP Markets excels in offering cost-efficient trading experiences with competitive spreads and commissions. Both brokers provide unique benefits tailored to specific trading profiles, making them strong contenders in the brokerage field with impressive ratings and rankings.
| 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.
eToro and FP Markets are both popular online brokers with distinct offerings for investors. At eToro, users have access to a wide selection of 5,461 tradeable symbols, including 55 forex pairs. This platform stands out by allowing investors to purchase actual securities on U.S. and international exchanges, such as shares of Apple and Vodafone, enhancing the range of investment opportunities. Moreover, eToro provides the flexibility to engage in both CFD and spot forex trading, in addition to offering the purchase of real cryptocurrencies and cryptocurrency derivatives. Investors interested in mirroring the strategies of successful traders can also benefit from eToro's copy trading features, making it a versatile choice for various investment strategies. With these extensive offerings, eToro earns a top rating of 5 stars for its range of investments and holds a strong #10 ranking in this category according to ForexBrokers.com.
On the other hand, FP Markets boasts an even more extensive selection of 10,000 tradeable symbols, including a higher number of forex pairs at 71. Like eToro, FP Markets enables CFD trading across these assets and offers copy trading functionalities. However, it differs by not providing the option to buy actual securities on U.S. or international exchanges. Instead, its focus is primarily on derivatives, allowing for trading in cryptocurrency derivatives but not the purchase of actual cryptocurrencies. Despite these limitations, FP Markets still receives a commendable 4.5-star rating for its range of investments and is positioned at #18 in the category by ForexBrokers.com, reflecting its strength in other areas of its investment offerings.
| 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 the trading platforms and tools of eToro with FP Markets, both brokers offer user-friendly proprietary platforms and provide virtual demo accounts for simulated trading. While eToro excels with its superior paper trading options and an impressive 4.5-star rating for its platforms and tools, FP Markets follows closely with a noteworthy 4-star rating. In terms of platform accessibility, eToro provides a convenient web-based experience but lacks a Windows desktop download, whereas FP Markets caters to both preferences by offering a downloadable desktop platform in addition to its web-based interface.
eToro sets itself apart by featuring comprehensive drawing tools for charting with 161 options, in contrast to FP Markets' 17 tools. Moreover, eToro stands out with six columns for watch lists compared to FP Markets' seven columns, showcasing its attention to detail in trade management. Although eToro does not support MetaTrader 4 or 5, which FP Markets offers, both platforms offer copy trading options. FP Markets, however, provides the added benefit of trading directly from stock charts, a feature not available on eToro. In the ForexBrokers.com rankings, eToro's innovative approach places it at the 8th position, while FP Markets sits at 23rd, highlighting eToro's edge in platform offerings.
| 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.
Both eToro and FP Markets offer mobile trading apps for iPhone and Android users, making trading accessible on the go. Both apps provide price alerts and the ability to create real-time watchlists. However, eToro provides the added convenience of watchlist symbol syncing, which ensures that changes made on its mobile platform and online account are automatically updated. This feature is not available on FP Markets' app. When it comes to charting, eToro offers an impressive 104 technical studies, while FP Markets provides MetaTrader’s default options. Additionally, eToro allows users to view different time frames but does not support drawing trendlines or auto-saving drawings—a capability present in FP Markets' app.
In terms of user ratings, eToro's mobile app shines with a 4.5-star rating and ranks 10th out of 62 brokers by ForexBrokers.com. FP Markets' app also holds its own with a 4-star rating but ranks slightly lower at 18th place. These rankings reflect user preferences and functionalities across the two platforms, helping potential users make informed choices based on their trading needs and desired app features.
| 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 and an economic calendar to keep traders informed about global events. However, FP Markets stands out with forex news from top-tier sources like Bloomberg and Reuters, alongside tools from Autochartist that enhance technical analysis. On the other hand, eToro features research from TipRanks and tools from Trading Central, giving traders access to sentiment-based trading insights. Both brokers offer these insights, allowing traders to gauge market sentiment through long or short position ratios across various instruments.
eToro is rated slightly higher at 4.5 stars for research compared to FP Markets' 4 stars. According to ForexBrokers.com, eToro ranks 13th out of 62 brokers in the Research category, while FP Markets holds the 25th position. This indicates that eToro might have a slight edge for those particularly interested in research capabilities, although both platforms provide valuable tools and insights to aid trading decisions.
| 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.
eToro and FP Markets both provide a comprehensive range of educational resources designed to support beginners and experienced traders alike in the world of forex and CFDs. Both platforms offer over ten educational pieces, including articles, videos, and archived webinars, which focus primarily on forex and CFDs. In addition, they hold regular monthly webinars and have a library of past sessions that users can revisit. For beginners, each broker offers more than ten videos tailored to newcomers in trading, as well as another set of videos aimed at advanced traders wanting to deepen their knowledge. Additionally, both provide an investor dictionary with definitions of over fifty investing terms to aid learning.
In terms of educational quality, eToro has a slightly higher edge, receiving 4.5 stars compared to FP Markets’ 4 stars. This slight difference in ratings also reflects their rankings; eToro stands out as the 5th best in the education category out of 62 brokers, while FP Markets comes in at 23rd place, according to ForexBrokers.com. For beginners stepping into the trading realm, both platforms offer a rich learning environment, though eToro might provide an enhanced experience when it comes to education 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 62 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 |
|
|
| Trust Score | 93 | 89 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | eToro | FP Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 89 | |
| Winner | check_circle | ||
| Review | eToro Review | FP Markets Review |
| Broker Screenshots | eToro | FP Markets | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | eToro | FP Markets | |
|---|---|---|---|
| Trust Score | 93 | 89 | |
| Year Founded | 2007 | 2005 | |
| Publicly Traded (Listed) | No | 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 89 | |
| Winner | check_circle | ||
| Review | eToro Review | FP Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill