eToro versus FXPro

eToro, with 25M+ social traders, remains an industry leader in this category, offering its proprietary CopyTrader and CopyPortfolios and a growing cryptocurrency presence. Beginners benefit from services like the eToro Academy, eToro plus, and The Bull Club. eToro also offers in-house managed thematic investment portfolios for passive investors.

FXPro provides traders with its proprietary trading platform, MT4, MT5, and cTrader. The latter three support algorithmic trading and feature embedded copy trading services, while the Trading Central plugin enhances MT4/MT5. Deep liquidity, fast order execution, high leverage, and its NDD order execution model make FXPro a great choice for demanding traders, with 2M+ clients from 173 countries.

We have conducted an in-depth review of eToro and FXPro to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformseToro (visit site)FXPro (visit site)
Headquarter:IsraelUK
Established :
20072006
Retail Loss Rate:
Undisclosed84.67%
Regulation:
Minimum Deposit:
$10 - $10,000$100
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$10 monthly after 12 months$15 one-off and $10 monthly after 12 months
Deposit Fee:
Third-PartyThird-Party
Withdrawal Fee
Yes + Third-PartyThird-Party
Funding Methods:
106
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Large trading communityDeep liquidity
Unique Feature Two:
Copy-trading platformFast order execution
Broker Offers:
*78% of retail CFD accounts lose money

Noteworthy:

eToro announced the launch of an NFT fund, meeting client demand, while FXPro maintains a high-payout partnership program for passive income generation.

Available Markets

Available MarketseToroFXPro
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:301:200
Maximum Pro Leverage:
Undisclosed1:200

Both brokers offer approximately 2,000+ CFDs, where FXPro takes a marginal lead. The bulk of assets consists of equity CFDs. FXPro maintains a broader choice of currency pairs but no longer offers cryptocurrencies. eToro features direct share investments and ETFs, unavailable at FXPro. eToro provides more balance, but FXPro maintains a better Forex and CFD selection.

Typical Spreads and Fees

Typical Spreads & FeeseToroFXPro
Minimum Raw Spreads:
Not applicable0.0 pips (cTrader-only)
Minimum Standard Spreads:
1.0 pips0.5 pips
Minimum Commission for Forex:
Commission-free$4.50 per lot (cTrader-only)
Commission for Equity CFDs:
0.09%Commission-free
Cash Rebates:
Execution Type:
Market MakerNDD

eToro and FXPro have high commission-free Forex costs, where the minimum at FXPro is 50% cheaper, but the average is 50% more expensive. FXPro maintains a competitive commission-based alternative that only applies to the cTrader trading platform, where average costs are 50% cheaper than eToro. FXPro also offers commission-free CFD trading.

Security and Trust

eToro

Country of the RegulatorName of the RegulatorLicense Number
US
US Securities and Exchange Commission (SEC)Undisclosed
Cyprus
Cyprus Securities Exchange Commission109/10
UK
Financial Conduct Authority583263
Australia
Australian Securities and Investments Commission491139
Seychelles
Financial Services AuthoritySD076

FXPro

Country of the RegulatorName of the RegulatorLicense Number
UK
Financial Conduct Authority509956
Cyprus
Cyprus Securities Exchange Commission078/07
South Africa
Financial Sector Conduct Authority45052
Bahamas
Securities Commission of the BahamasSIA-F184

Segregation of client deposits, negative balance protection, and an investor compensation fund for the UK and Cyprus subsidiaries exist at both eToro and FXPro. The former also offers a $1,000,000 third-party insurance program underwritten by Lloyd's of London, while the latter has € 100.000.000 in Tier 1 corporate capital. Both brokers have a clean track record and present traders with an equally secure and trustworthy environment.

eToro vs FXPro – Verdict

eToro

ProsCons
Copy-trading with a community numbering almost 25 million tradersHigher minimum deposit requirement but within a reasonable range
User-friendly web-based trading platform and mobile appAbsence of MT4 and no algorithmic trading
Quality educational offering for beginner traders via videos
Balanced asset selection with a focus on equity CFDs and ETFs

FXPro

ProsCons
Choice of four trading platforms plus services by Trading Central for MT4/MT5No cryptocurrencies
Deep liquidity, fast order execution, and high leverageHigh trading costs for non-cTrader accounts
Algorithmic and social trading support plus VPS hosting
A competitive commission-based cost structure for cTrader

eToro remains the better solution for social traders, passive investors, and casual mobile traders. FXPro presents an overall better choice for Forex traders using the cTrader trading platform due to its competitive pricing environment. It also offers a broader equity CFD selection and supports algorithmic trading.

Read full eToro Review
Read full FXPro Review

FAQs

Which broker is better than eToro?

Some brokers offer a more competitive trading environment for niche strategies, while eToro best caters primarily to causal social traders who prefer mobile apps.

Is FXPro a good broker?

FXPro expanded its asset selection well beyond Forex and matured into one of the most competitive brokers with excellent order execution, low trading costs, and support for algorithmic and copy traders.

Is FXPro a scammer?

FXPro is not a scammer but a well-respected, trusted, multi-asset broker with a spotless history, placing it among the elite brokers operational today.

Is FXPro legal in the USA?

FXPro does not operate in the US and does not accept US persons as clients.

How much can I withdraw from FXPro?

The withdrawal amount depends on the trader and how well they manage portfolios, as the entire balance is eligible for withdrawals.

How much is the eToro withdrawal fee?

eToro charges an internal withdrawal fee of $5, but traders must also consider third-party payment processor costs.

Is it worth copying on eToro?

Since eToro caters to retail traders and does not offer high signal provider compensation, many social traders will copy losses from their peers. While it is possible to earn money by following others, traders should consider who they copy from and conduct proper due diligence.