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FxPro vs eToro 2020

Is eToro better than FxPro? After testing 30 of the best forex brokers over five months, FxPro is better than eToro. FxPro competes among the top MetaTrader brokers, offering the full suite of MT4 and MT5 platforms with multiple account pricing options. Drawbacks to FxPro include a small range of tradeable products and limited market research.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature FxPro eToro
Overall 4 4
FxPro Review eToro Review
79% of retail CFD accounts lose money 62% of retail CFD accounts lose money

Regulation

Feature FxPro eToro
Trust Score 90 91
Year Founded
2006 2007
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 2
Tier-2 Licenses
3 1
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature FxPro eToro
ASIC Authorised (Australia)
No Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature FxPro eToro
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
69 47
CFDs - Total Offered
201 1980
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3.5 4.5
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Cost

Feature FxPro eToro
Average Spread EUR/USD - Standard
1.51 (as of Oct 18) 3 (as of May 19)
All-in Cost EUR/USD - Active
1.27 (as of Aug 19) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 3
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Funding

Feature FxPro eToro
Minimum Initial Deposit
$100.00 $200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature FxPro eToro
Proprietary Platform
No Yes
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
Yes No
cTrader
Yes No

Trading Tools

Feature FxPro eToro
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
19 6
Charting - Indicators / Studies (Total)
64 66
Charting - Drawing Tools (Total)
24 13
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 4
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Mobile Trading

Feature FxPro eToro
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
62 5
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
Yes No
Mobile Trading 3.5 4
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Research

Feature FxPro eToro
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
No No
AutoChartist
No No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes
Research 3.5 4
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Education

Feature FxPro eToro
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Education 3.5 4
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Major Forex Pairs

Feature FxPro eToro
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

Overall

Feature FxPro eToro
FxPro Review eToro Review
Overall 4 4
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Our ForexBrokers.com team spent several months and hundreds of hours assessing 30 different forex broker accounts for trading FX. In total, over 3,180 data points were collected. For this review, we will compare eToro vs FxPro.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. FxPro received a rating of 4.00 stars over eToro's 3.00 stars.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. eToro alongside FxPro are regulated in a major hub. Neither eToro and FxPro are publicly traded companies. How many currency pairs are available to trade? eToro trails FxPro by 22 total currency pairs (for example, EUR/USD), with FxPro offering 69 and eToro offering 47.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FxPro offers Meta Trader while eToro does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. eToro trails FxPro by 18 total charting tools, with FxPro offering 31 and eToro offering 13. eToro offers its clients access to 66 different indicators (for example, volume) while FxPro has 51 available indicators, a difference of 15.

eToro Review
FxPro Review


Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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