eToro
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68% of retail CFD accounts lose money

Vs.

FP Markets
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70.70% of retail CFD accounts lose money

eToro Vs. FP Markets - Compare and Choose the Right One

Updated Nov 03 2021

Visit

68% of retail CFD accounts lose money

Visit

70.70% of retail CFD accounts lose money

Overview

eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.

FPMarkets is a leading Australian broker with a 10,000+ asset offering accompanied by a great variety of tech options such as deploying your own VPS and accessing ENC / DMA pricing.

Best For
  • New traders looking to use the copy trading feature
  • Experienced traders looking to monetise their skills by gaining followers
  • Passive investors looking to buy and hold shares with no commissions
  • Professional traders looking for DMA pricing on their stocks
  • Professional traders looking to set up a dedicated VPS
  • High volume share traders that benefit from DMA pricing
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The Good
  • Social and Copy trading capabilities
  • Trading real shares and cryptocurrencies
  • Customisable or removable leverage
  • Broad asset offering (10,000 +)
  • Competitive forex commissions
The Bad
  • Copy Trading statistics are not clear enough
  • Lack of advanced order placement controls
  • No ETFs are offered
  • Stock trading commissions are expensive when compared to similar brokers
  • Website is slow and confusing
  • Fees for the majority of deposit and withdrawal methods
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 day minimum (may take longer) 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
Cyprus Securities and Exchange Commission
Financial Conduct Authority
Australian Securities and Investments Commission
Financial Services Authority Seychelles
Australian Securities and Investments Commission
Cyprus Securities and Exchange Commission
Financial Services Authority - St. Vincent and the Grenadines
📍 Year Founded
2007 2005
💳 Minimum Deposit
$50 up to 200 $100
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Sofort
Neteller
Paypal
Skrill
Visa
Mastercard
Bank Transfer
Neteller
Paypal
Skrill
💵 Account Base Currencies
1 - USD 10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD.
🗽 Available to U.S Citizens
Only for crypto Trading No
❌ Restricted Countries
AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM US, JP, BE, NZ, SY.
📊 STP Account
Yes Yes
📊 DMA Account
No Yes
📊 ECN Account
Yes Yes
Assets
📚 Available Assets
Stocks
Cryptos
Commodities
Currencies
ETFs
Indices
CFDs
Stocks
Cryptos
Commodities
Currencies
Indices
CFDs
📙 Stocks
2000+ 10,000 +
📘 Currency Pairs
47 65
📗 Commodities
14 13
📕 Indices
13 14
📔 ETFs
145 N/A
💸 Cryptocurrencies
26 4
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:
Real stocks are offered without leverage, all the rest of the assets are CFDs. All FPMarkets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
$50 Varies by Stock
📉 Minimum ETFs Trade Size
$50 N/A
📈 Minimum Crypto Trade Size
$25 Varies by Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 $1,000 - 0.01 Lots
📈 Minimum Commodities Trade Size
$1,000 Varies by Commodity (Eg: 0.01 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Varies Up to 1:500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
Yes Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
After 12 months of inactivity, a $10 monthly inactivity fee will be charged. No
💰 Deposit Fees
No Yes depending on method (Eg: Not for credit cards)
💰 Withdrawal Fees
$5 Yes depending on method (Eg: Not for credit cards)
💰 Commissions
No Standard account is free, Raw account is $3 per lot per trade. For stocks there are several account types with hybrid fees such as $10 minimum and additional 0.1%.
Spreads
📈 EUR/USD
1 Pip Dynamic - From 0 to 1.2 Pips
📉 SP500
75 Pips Dynamic - From 40 to 60 Pips
📈 GOLD
45 Pips Dynamic - From 0 to 31 Pips
📉 TSLA (Stock CFD)
0.09% Dynamic - Market Spread
📈 XLK (ETF - CFD)
0.09% N/A
📉 BTC
0.75% Dynamic - From $9 to $21
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No

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