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 and FP Markets are both well-known online brokers with long track records. eToro, founded in 2007, is publicly traded, while FP Markets, founded in 2005, is privately held. Neither broker is a bank.
In terms of regulation, eToro holds 4 Tier-1 licenses and 1 Tier-2 license, while FP Markets holds 2 Tier-1 licenses and 1 Tier-2 license. On the ForexBrokers.com Trust Score, eToro scores 97/99 and FP Markets scores 90/99—both fall in the “highly trusted” range (90–99) according to ForexBrokers.com.
| 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 |
When comparing commissions and fees, FP Markets comes out ahead of eToro for most active traders. eToro charges a typical variable spread of 1 pip on EUR/USD, which is a bit above average, and it tends to appeal more to people who want its social copy trading tools than the lowest trading costs. eToro earns 4 out of 5 stars for commissions and fees and ranks #22 out of 36 brokers in this category.
FP Markets is generally the cheaper choice, especially on its Raw ECN account and platform lineup such as MetaTrader, cTrader, and Iress. Its Raw ECN pricing is very competitive, with EUR/USD spreads averaging 0.1 pips before commission and about 0.8 pips all-in, while its Standard account is pricier at around 1.1 pips on EUR/USD. FP Markets also received Best in Class for Commissions and Fees in the 2024 Annual Awards. It is rated 4.5 out of 5 stars and ranks #11 out of 36 brokers.
In simple terms, eToro is better known for ease of use and copy trading, while FP Markets is the stronger pick for lower trading costs. If keeping fees down is your top priority, FP Markets has the edge; if you want a platform built around social trading, eToro may still be worth considering.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 AUD |
| Average spread (EUR/USD) - Standard account | 1 | 1.3 |
| All-in Cost EUR/USD - Active | 1 | 0.9 |
| 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.
When it comes to range of investments, eToro and FP Markets both give traders access to forex as either CFDs or spot contracts, plus copy trading and cryptocurrency CFDs. FP Markets lists more tradeable symbols overall, with 10,000 compared with eToro’s 7,441, and it also offers a slightly wider selection of forex pairs at 71 versus 65. This makes FP Markets a strong choice for traders who want a broad set of markets to choose from.
eToro stands out for offering exchange traded securities on both U.S. and international exchanges, so clients can buy real shares such as Apple or Vodafone rather than only trading them as CFDs. It also lets users buy actual cryptocurrency, not just crypto CFDs, which FP Markets does not provide. These extras help explain why eToro earns 5 stars for Range of Investments and ranks #10 out of 36 brokers, while FP Markets is rated 4.5 stars and ranks #17.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 10000 |
| Forex Pairs (Total) | 65 | 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 and FP Markets both give traders a user-friendly web platform, a free demo account for practice, copy trading, and the ability to place trades directly from a chart. Each broker also offers its own in-house platform, which may appeal to traders who want a more tailored experience without relying only on third-party tools. In the Trading Platforms and Tools category, eToro has the edge in overall ratings, earning 4.5 out of 5 stars and ranking #8 out of 36 brokers.
FP Markets stands out for traders who want more platform choice, since it supports both MetaTrader 4 and MetaTrader 5, along with a Windows desktop download platform. eToro does not offer MT4, MT5, or a desktop download option, which may matter to more active or technical traders. FP Markets is rated 4 out of 5 stars and ranks #22 out of 36, making it a solid option, while eToro may suit those who prefer a simpler, more streamlined setup.
| 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.
eToro and FP Markets both offer mobile trading apps for iPhone and Android, and each includes stock or forex price alerts as well as trendline drawing on charts. Where eToro pulls ahead is with watchlist syncing, which lets changes made in the app and online account stay aligned. eToro also offers 104 technical studies for mobile charting, giving active traders more tools to review price action on the go.
FP Markets also covers the basics well, but its mobile experience is a little less seamless because watchlists do not sync between the app and web account. On the other hand, FP Markets does auto-save chart drawings, which eToro does not. Overall, eToro is rated higher for mobile trading apps at 4.5 out of 5 stars and ranks #10 out of 36 brokers, while FP Markets scores 4 out of 5 stars and ranks #20.
| 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 | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
eToro and FP Markets both give traders daily market commentary, forex news from major sources like Bloomberg and Reuters, a sentiment tool for spotting long and short positioning, and an economic calendar with key global events. That means each broker offers a solid set of market research basics that can help traders follow news, track trends, and plan trades around data releases.
The main difference is in the extra research tools. FP Markets includes Autochartist and Trading Central, which add more chart-based and fundamental insights, while eToro does not. On the other hand, eToro offers TipRanks market research, which FP Markets does not. In ForexBrokers.com’s Research category, eToro earns 4.5 stars and ranks #12 out of 36 brokers, while FP Markets scores 4 stars and ranks #22 out of 36.
| Feature |
eToro
|
FP Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to learning support for beginners, both eToro and FP Markets give new traders plenty of material to explore. Each broker offers forex and CFD education with at least 10 learning pieces, plus regular online webinars, beginner videos, and advanced videos for traders who want to keep improving. That means either platform can help a new user get started with the basics of trading and build confidence over time.
That said, eToro has the edge for education overall. It earns 4.5 out of 5 stars for Education and ranks #3 out of 36 brokers at ForexBrokers.com, while FP Markets scores 4 out of 5 stars and ranks #22. In simple terms, both are good choices for learning, but eToro offers a stronger education experience for beginners who want more guidance and a higher-rated set of resources.
| 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 | 97 | 90 |
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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 | 97 | 90 | |
| Winner | check_circle | ||
| Review | eToro Review | FP Markets Review |
| Broker Screenshots | eToro | FP Markets | |
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| Regulation | eToro | FP Markets | |
|---|---|---|---|
| Trust Score | 97 | 90 | |
| 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 (FSA 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 CMA 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) | 65 | 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 | 1.3 | |
| All-in Cost EUR/USD - Active | 1 | 0.9 | |
| 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 | Yes | 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 | No | 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 | 97 | 90 | |
| Winner | check_circle | ||
| Review | eToro Review | FP Markets Review |
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