Page Summary
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.
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eToro
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
FXPro
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | 500:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | $5 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after one year | $5 |
| Cost Per Trade | N/A | 0 |
| Cost Per Month | N/A | 0 |
| Forex (EUR/USD) | 1.1 pip | 1.1 pips |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 5 pip | 3.5 pips |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $50 | $100 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 2.800 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 30 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex | 49 | 70 |
| CFD Indices & Funds | 250 | 42 |
| CFD Stocks | 2800 | 2030 |
| CFD Commodities | 54 | 8 |
| CFD Crypto | 32 | 31 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
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:
- eToro is the leading social trading broker with access to major forex pairs and excellent platforms.
- FxPro is a safe broker with access to the MetaTrader suite and a dedicated learning center.
- 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.
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.
eToro compared to other brokers:
Disclaimer:
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.