eToro vs FP Markets

If you are reading this article, you’re likely having trouble deciding whether eToro or FP Markets is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this eToro vs FP Markets review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• eToro vs FP Markets - Verdict

Feature	eToro (visit site)	FP Markets (visit site)
Headquarter:	Cyprus	Australia
Regulation :	CySEC, FCA, ASIC	CySEC, ASIC
Type of Broker:	Market Maker	No Dealing Desk
U.S. Clients Allowed:
Minimum Deposit:	$50	$100
Maximum Leverage:	1:30	1:500
Commissions / Spreads:	Spreads	Both
Account 1:	CFD	Standard
Account 2:	Professional	Raw
Account 3:		Iress
Account 4:
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages:	English Chinese Other	English Chinese Other
Support Hours:	24/5	24/7
E-mail Support:
SMS Support:
Chat:
Broker Offers:	See what eToro offers*74.00% of retail CFD accounts lose money	See what FP Markets offers.

Features and Platforms

Social traders who prefer to follow other traders hassle-free and those without intention to learn how to trade will feel at home at eToro. With more than 13,000,000 traders, it offers access to one of the largest trading communities. While 75% of traders lose money at eToro, per its account, the fifty most-copied traders in 2019 achieved an average return of 29.1%. FP Markets caters to sophisticated traders and fund managers. It fully supports automated trading solutions and enables social trading via eToro competitor Myfxbook AutoTrade. The Traders Toolbox, consisting of 12 MT4 add-ons, adds tremendous value to clients.

Available Markets

One of the best features at eToro is its overall asset selection above 2,300, but FP Markets takes the lead, where traders have more than 10,000. At both brokers, equity CFD accounts for the bulk of them. eToro maintains just 49 currency pairs, well below average compared to all online brokers, while FP Markets has more than 60. eToro shines with its 93 cryptocurrency pairs, an area where FP Markets fails to deliver choices with just five. Most retail traders have more than enough assets for cross-asset diversification, but FP Markets maintains a visible edge for demanding traders.

Typical Spreads and Fees

The commission-free trading accounts at eToro and FP Markets feature high mark-ups, with a minimum of 1.0 pips at both. FP Markets has a commission-based alternative with a raw spread of 0.0 pips for a commission of $6.00 per round lot. Fees for equity trading at eToro are 0.09% and 0.10% at FP Markets with a $10 minimum cost. Swap rates on leveraged overnight positions apply at both, and eToro and FP Markets pass corporate actions on to traders. eToro charges an unacceptable $5 withdrawal fee, and an inactivity charge is present at both brokers. FP Markets maintains a lower overall cost structure.