eTorovs
FP MarketsForex Broker Comparison
Two brokers clash on regulation, pricing, and platform depth as traders weigh safety against advanced trading tools. The balance between costs and platforms varies, inviting a closer look.
Our Verdict
FP Markets winsby 0.3 pts
FP Markets leads with a higher editorial score (4.5 vs 4.2). Its stronger trust/regulation and better fees/spreads underpin the edge.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Proprietary platform is offered by eToro only.
- 2Raw spreads and true ECN pricing exist on FP Markets.
- 3Phone support is available on FP Markets but not on eToro.
Who should choose eToro vs FP Markets?
Find out which broker best suits your trader profile.
Choose eToro if…
Choose eToro if you prioritize a proprietary platform with social and copy trading.
Choose FP Markets if…
Choose FP Markets if you want MT4/MT5 access and raw spreads plus phone support.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FP Markets offers tighter spreads from 0.00 pips vs 1.00 pips for eToro, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
eToro vs FP Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.5/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5 | 4.6 / 5▲ |
eToro vs FP Markets Forex Broker Pros & Cons
Pros
Social and copy trading leader
Multi-asset (stocks, crypto, FX)
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
eToro vs FP Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
eToro
criteria win
6
FP Markets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | eToro | FP Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Fail | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Fail | Pass |
| Proprietary platform | Pass | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Pass |
eToro vs FP Markets: Frequently Asked Questions
The scores are close: eToro rates 4.2/5 and FP Markets rates 4.5/5. FP Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FP Markets starts from 0 pips, tighter than eToro's 1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
eToro has $50, while FP Markets requires at least $100. This makes eToro more accessible for traders with limited starting capital.
Both eToro and FP Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: eToro requires a lower minimum deposit ($50), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
eToro lists maximum leverage of 30:1, while FP Markets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FP Markets charges $6 per lot on commission-based accounts. Commission details for eToro are not currently available. Check their website for up-to-date pricing.
eToro supports Proprietary Web/Mobile, while FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4. eToro has exclusive access to Proprietary Web/Mobile. FP Markets has exclusive access to cTrader and IRESS and MetaTrader 5 and TradingView and MetaTrader 4.
