Compare forex brokers FP Markets VS Etoro

If you're choosing between FP Markets and Etoro forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is FP Markets better than Etoro? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

FP MARKETS VS ETORO

eToro
eToro Overview

eToro is an online trading platform that was founded in 2007. eToro is the pioneering online broker for social trading. They also offer self trading. They are regulated by FCA, CySEC and ASIC.

FP Markets
FP Markets Overview

FP Markets is an Australian online brokerage firm that is regulated by ASIC. FP Markets offers clients with true ECN spreads on its sophisticated platforms.

# Broker's Features FP MARKETS Availability ETORO Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare FP Markets vs Etoro.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FP Markets offers Online Financial Trading and Investment Services Such as IRESS DMA Equities 10,000+, while Etoro offers Bitcoin.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. FP Markets is ECN, STP, while Etoro is Market Maker, No dealing desk, STP.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FP Markets recommended minimum capital is 100, while Etoro has a Minimum Deposit Requirement of 50.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FP Markets is regulated by ASIC, while Etoro regulated by NFA, CySEC, ASIC, CFTC, MiFID, FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. FP Markets offers USD, AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD different account currencies for each account types, while Etoro offers EUR, USD, GBP, JPY, CHF account currencies.

Languages Available: Next lets have a look at each broker's different Language options. FP Markets offers English, Spanish, Italian, Portuguese, German, Fre, while Etoro offers English, French, Spanish, German, Russian, Italian Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. FP Markets offers Bank Wire, Credit Card, Debit Card, Skrill, Netell different payment methods for each account types, while Etoro offers Credit Cards, PayPal, Wire Transfer, Bitcoin payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FP Markets makes MetaTrader 4, MetaTrader 5, WebTrader and IRESS available to clients, while Etoro offers eToro webTrader, etoro Openbook, eToro Mobile Trad.

The Verdict: FP Markets or Etoro?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Etoro is more reliable based on our criteria above. Etoro has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Etoro broker is regulated in more major hubs.

What We Really Like on Etoro

eToro offers commission-free stock and ETF trading in Europe and offers low fees for non-EU clients. Account opening is fast and seamless. It has innovative features like social trading that lets you copy others.

What We Don’t Like on FP Markets

The stock CFD fees are quite high. The product portfolio is limited, only CFD, forex, crypto, and stocks on the ASX are offered. With FP Markets you will not have any investor and negative balance protection.

What We’d Like More on Etoro

eToro has an unreliable customer service, and its trading platform freezes sometimes. Also, education tools are very limited.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.