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eToro vs FxPro 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is eToro better than FxPro? In our analysis of 23 international regulators across 39 of the best forex brokers, eToro is considered low-risk, with an overall Trust Score of 93 out of 99. FxPro is considered low-risk, with an overall Trust Score of 90 out of 99. Learn more about Trust Score.

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Overall RatingeToroFxProIG
Overall Rating4.5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments5 Stars4 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading4.5 Stars4 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4 Stars4 Stars5 Stars
Trust Score939099
Winnercheck_circle
RevieweToro ReviewFxPro ReviewIG Review
RegulationeToroFxProIG
Trust Score939099
Year Founded200720061974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses217
Tier-2 Licenses122
Tier-3 Licenses011
Authorised in European UnionYesYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)eToroFxProIG
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)eToroFxProIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoYesYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)eToroFxProIG
SCB Authorised (Bahamas)NoYesNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentseToroFxProIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)3458224919537
Forex Pairs (Total)4970100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesYesYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)YesNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CosteToroFxProIG
Average Spread EUR/USD - Standard1 (August 2021)1.51 (August 2020)0.86 (September 2022)
All-in Cost EUR/USD - ActiveN/A1.27 (August 2020)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerYesYesYes
Execution: Market MakerYesYesYes
FundingeToroFxProIG
Minimum Initial Deposit$10-$10,000$100£250.00
PayPal (Deposit/Withdraw)YesYesYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformseToroFxProIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)NoYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)NoYesYes
MetaTrader 5 (MT5)NoYesNo
cTraderNoYesNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolseToroFxProIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields61914
Charting - Indicators / Studies (Total)667633
Charting - Drawing Tools (Total)132220
Charting - Trade From ChartNoYesYes
Charts can be savedYesYesYes
Mobile TradingeToroFxProIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesYesYes
Mobile Charting - Indicators / Studies56533
Mobile Charting - Draw TrendlinesNoYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoYesYes
Forex CalendarNoYesYes
ResearcheToroFxProIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)NoYesYes
AutochartistNoNoYes
Trading Central (Recognia)YesYesNo
Social Sentiment - Currency PairsYesYesYes
Economic CalendarYesYesYes
EducationeToroFxProIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairseToroFxProIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
RevieweToro ReviewFxPro ReviewIG Review
OveralleToroFxProIG
Overall Rating4.5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments5 Stars4 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading4.5 Stars4 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4 Stars4 Stars5 Stars
Trust Score939099
Winnercheck_circle
RevieweToro ReviewFxPro ReviewIG Review
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eToro vs FxPro Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs FxPro.

Does eToro or FxPro offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is eToro or FxPro safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. eToro holds 2 global Tier-1 licenses, while FxPro holds 1. FxPro holds 2 global Tier-2 licenses, while eToro holds 1. In our analysis of 23 international regulators across 50 brokers, eToro earned a higher Trust Score than FxPro.

Which trading platform is better: eToro or FxPro?

To compare the trading platforms of both eToro and FxPro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.eToro and FxPro both offer copy trading.

How many forex pairs and CFDs are available to trade?

FxPro provides traders 70 currency pairs (e.g., EUR/USD) compared to eToro's 49 available pairs. Forex pairs aside, eToro offers traders access to 3458 CFDs while FxPro has 2249 available CFDs, a difference of 1209.

Can I trust eToro?

eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust FxPro?

FxPro is not publicly traded and does not operate a bank. FxPro is authorised by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). FxPro is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA).

Is eToro good?

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.

Is FxPro good?

FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).

Overall winner: IG

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announcementPlease 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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