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eToro vs. FxPro

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eToro and FxPro are leading online brokers. eToro is the leading social trading broker with a world-class platform. It has a minimum deposit fee of $200 and a transparent fee policy. eToro has top-tier licenses from the ASIC and FCA. We recommend it for experienced traders, as its platforms are challenging for novice traders. 

Broker NameeToroFxPro
Year Founded20072006
RegulationFCA, ASIC, CySECDFSA, FSCA, SBC, FCA, and the CySEC
Tradable AssetsStock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured Productscryptocurrencies, futures, commodities, 70+ Forex pairs, 150+ equity shares, stock indices
Min Deposit$200$100
Min Trade$0$1,000 (recommended) can fund $100 each time
PlatformsWeb, Social TradingFxPro Edge, (Proprietary), MetaTrader, cTrader
DepositFree of charge$100
WithdrawalsFree of charge$100

FxPro is a MetaTrader broker offering both MT4 and MT5 platforms. It provides different account tiers and execution methods. FxPro has a reliable learning center with written content and videos. We recommend it for traders of all levels of experience who want access to helpful trading knowledge. 

This article discusses the strengths and weaknesses of eToro and FxPro. 

Top findings from the eToro vs. FxPro review:  

  1. eToro is the leading social trading broker with access to major forex pairs and excellent platforms. 
  1. FxPro is a safe broker with access to the MetaTrader suite and a dedicated learning center. 
  1. Both brokers offer a demo account, active trading discounts, and access to social trading tools. 

We recommend eToro for experienced traders who want to use premium social trading tools. New investors prefer FxPro, as it offers many learning tools, including a user-friendly proprietary platform. 

Overall Rating

FeatureeToroFXPro
Overall44
Commissions & Fees43.5
Offering of Investments4.53.5
Platforms & Tools44
Mobile Trading44
Research43.5
Education44
Trust Score9389
WinnerYES
67% of retail CFD accounts lose money77.37% of retail CFD accounts lose money

Level of experience  

Expert traders choose eToro as it offers excellent social trading tools. This broker has excellent research tools, including market commentary and social sentiment. eToro has limited research and education tools, which is why it’s a better choice for advanced traders. 

FxPro has a valuable learning center with beginner trading videos and webinars. It provides insights from education leaders, including IG and FXCM. FxPro is a good choice for inexperienced traders, as its platforms are simple to understand. 

Fees 

The minimum initial deposit at eToro is $200, while at FxPro is $100. The average EUR/USD spread at eToro is 1, while at FxPro is 1.51. Both brokers have a transparent fee policy and offer an active trader discount. 

Assets  

FxPro offers 70 forex currency pairs, while eToro has 47 available pairs. eToro provides access to 2314 CFDs, while FxPro has 187 available CFDs. 

Trading platform  

eToro has professional trading platforms, including a web and mobile app. It offers an impressive social trading experience with useful educational and research tools. It has a demo account and a reliable social trading app. eToro is a good fit for advanced traders, as its tools and market data are limited. 

FxPro offers a proprietary web platform, FxPro Edge, and access to MetaTrader and cTrader. It has a demo account, useful social trading tools, and learning materials. FxPro is a good choice for both beginner and advanced traders. 

Banking services  

Banking services contribute to a convenient online trading experience. Both online brokers have six funding options, including bank wire, credit/debit cards, PayPal and Skrill. 

Final verdict  

eToro and FxPro are leading online brokers with social trading services. Both have advantages and disadvantages depending on your experience and trading skills. We recommend eToro to experienced traders, as its platforms have limited educational tools. FxPro is a better choice for traders of all experience levels, as it offers a valuable learning center. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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