Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 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 is a better option with a 4.00 star rating over eToro's 3.50 star rating.
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 and FxPro both are regulated in a major hub. eToro nor FxPro are publicly traded companies. How many currency pairs are available to trade? FxPro boasts an offering of 70 different currency pairs compared to eToro's 47 available pairs.
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. FxPro boasts an offering of 31 charting tools compared to eToro's 14 available charting tools. eToro boasts an offering of 66 different indicators (for example, moving averages) compared to FxPro's 51 available indicators.
Overall, both eToro and FxPro hold a 4.00 star rating. And, when it comes to individual category awards, eToro finished with awards Best in Class - Customer Service in 2018, while FxPro came up with none of these.